Comparison between Defrail Technologies IPO and INDO SMC IPO.
Defrail Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while INDO SMC IPO is a SME Bookbuilding proposed to list at BSE SME.
| Defrail Technologies IPO | INDO SMC IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | 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 INDO SMC IPO is up to ₹87.34 Cr. The final issue price of Defrail Technologies IPO is ₹74.00 per share and of INDO SMC IPO is ₹149.00 per share.
| Defrail Technologies IPO | INDO SMC IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹70.00 per share | ₹141.00 per share |
| Issue Price (Upper) | ₹74.00 per share | ₹149.00 per share |
| Issue Price (Final) | ₹74.00 per share | ₹149.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 17,66,400 shares | 58,62,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.07 Cr | up to ₹87.34 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 | 58,62,000 shares |
| Issue Size Total (Amount) | up to ₹13.07 Cr | up to ₹87.34 Cr |
Defrail Technologies IPO opens on Jan 09, 2026, while INDO SMC IPO opens on Jan 13, 2026. The closing date of Defrail Technologies IPO and INDO SMC IPO is Jan 13, 2026, and Jan 16, 2026, respectively.
| Defrail Technologies IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Bid Date | Jan 08, 2026 | Jan 12, 2026 |
| Issue Open | Jan 09, 2026 | Jan 13, 2026 |
| Issue Close | Jan 13, 2026 | Jan 16, 2026 |
| Basis Of Allotment (Tentative) | Jan 14, 2026 | Jan 19, 2026 |
| Initiation of Refunds (Tentative) | Jan 15, 2026 | Jan 20, 2026 |
| Credit of Share (Tentative) | Jan 15, 2026 | Jan 20, 2026 |
| Listing date (Tentative) | Jan 19, 2026 | Jan 21, 2026 |
| Anchor Lockin End date 1 | Feb 15, 2026 | Feb 15, 2026 |
| Anchor Lockin End date 2 | Apr 16, 2026 | Apr 16, 2026 |
Defrail Technologies IPO P/E ratio is 11.18, as compared to INDO SMC IPO P/E ratio of 16.1.
| Defrail Technologies IPO | INDO SMC IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 82.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.51 | 60.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.18 | 16.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.98 Cr. | ₹340.54 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.72 | 74.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43 | 31.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.27 | 1.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.62 | ₹9.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.72 | 43.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Defrail Technologies IPO Retail Individual Investors (RII) are offered 6,24,000 shares while in INDO SMC IPO retail investors are offered 6,24,000 shares. Qualified Institutional Buyers (QIB) are offered 3,55,200 shares in Defrail Technologies IPO and 11,72,000 shares in INDO SMC IPO.
| Defrail Technologies IPO | INDO SMC IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,18,400 shares | 17,56,000 shares |
| Market Maker Reservation | 94,400 shares | 3,09,000 shares |
| QIB | 3,55,200 shares | 11,72,000 shares |
| NII | 2,68,800 shares | 8,82,000 shares |
| RII | 6,24,000 shares | 20,52,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,66,400 shares | 58,62,000 shares |
Defrail Technologies IPO subscribed 74.56x in total, whereas INDO SMC IPO subscribed 77.39x.
| Defrail Technologies IPO | INDO SMC IPO | |
|---|---|---|
| QIB (times) | 71.09x | 94.94x |
| NII (times) | 160.95x | 164.59x |
| Big NII (times) | 188.30x | 193.37x |
| Small NII (times) | 107.70x | 107.02x |
| RII (times) | 101.28x | 96.13x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 74.56x | 77.39x |
