Comparison between Defrail Technologies IPO and HGI Automotives IPO.
Defrail Technologies IPO is a SME Fixed Price IPO proposed to list at BSE SME while HGI Automotives IPO is a SME Fixed Price proposed to list at BSE SME.
| Defrail Technologies IPO | HGI Automotives IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. | Nirbhay Capital Services Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Defrail Technologies IPO is up to ₹13.07 Cr whereas the issue size of the HGI Automotives IPO is up to ₹0.00 Cr. The final issue price of Defrail Technologies IPO is ₹74.00 per share and of HGI Automotives IPO is .
| Defrail Technologies IPO | HGI Automotives IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹70.00 per share | |
| Issue Price (Upper) | ₹74.00 per share | |
| Issue Price (Final) | ₹74.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | |
| Fresh Issue Size | 17,66,400 shares | 75,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.07 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 17,66,400 shares | 75,00,000 shares |
| Issue Size Total (Amount) | up to ₹13.07 Cr | up to ₹0.00 Cr |
Defrail Technologies IPO opens on Jan 09, 2026, while HGI Automotives IPO opens on . The closing date of Defrail Technologies IPO and HGI Automotives IPO is Jan 13, 2026, and , respectively.
| Defrail Technologies IPO | HGI Automotives IPO | |
|---|---|---|
| Anchor Bid Date | Jan 08, 2026 | |
| Issue Open | Jan 09, 2026 | |
| Issue Close | Jan 13, 2026 | |
| Basis Of Allotment (Tentative) | Jan 14, 2026 | |
| Initiation of Refunds (Tentative) | Jan 15, 2026 | |
| Credit of Share (Tentative) | Jan 15, 2026 | |
| Listing date (Tentative) | Jan 19, 2026 | |
| Anchor Lockin End date 1 | Feb 15, 2026 | |
| Anchor Lockin End date 2 | Apr 16, 2026 |
Defrail Technologies IPO P/E ratio is 11.18, as compared to HGI Automotives IPO P/E ratio of .
| Defrail Technologies IPO | HGI Automotives IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)HGI Automotives Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.98 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.72 | 62.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43 | 37.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.27 | 2.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.62 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.72 | 48.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Defrail Technologies IPO Retail Individual Investors (RII) are offered 6,24,000 shares while in HGI Automotives IPO retail investors are offered 6,24,000 shares. Qualified Institutional Buyers (QIB) are offered 3,55,200 shares in Defrail Technologies IPO and 0 shares in HGI Automotives IPO.
| Defrail Technologies IPO | HGI Automotives IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,18,400 shares | 0 shares |
| Market Maker Reservation | 94,400 shares | 0 shares |
| QIB | 3,55,200 shares | 0 shares |
| NII | 2,68,800 shares | 0 shares |
| RII | 6,24,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,66,400 shares | 0 shares |
Defrail Technologies IPO subscribed 74.56x in total, whereas HGI Automotives IPO subscribed .
| Defrail Technologies IPO | HGI Automotives IPO | |
|---|---|---|
| QIB (times) | 71.09x | |
| NII (times) | 160.95x | |
| Big NII (times) | 188.30x | |
| Small NII (times) | 107.70x | |
| RII (times) | 101.28x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 74.56x |
