Comparison between Defrail Technologies IPO and Pajson Agro India IPO.
Defrail Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Pajson Agro India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Defrail Technologies IPO | Pajson Agro India 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. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | 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 Pajson Agro India IPO is up to ₹70.23 Cr. The final issue price of Defrail Technologies IPO is ₹74.00 per share and of Pajson Agro India IPO is ₹118.00 per share.
| Defrail Technologies IPO | Pajson Agro India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹70.00 per share | ₹112.00 per share |
| Issue Price (Upper) | ₹74.00 per share | ₹118.00 per share |
| Issue Price (Final) | ₹74.00 per share | ₹118.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 17,66,400 shares | 59,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.07 Cr | up to ₹70.23 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 | 59,52,000 shares |
| Issue Size Total (Amount) | up to ₹13.07 Cr | up to ₹70.23 Cr |
Defrail Technologies IPO opens on Jan 09, 2026, while Pajson Agro India IPO opens on Dec 11, 2025. The closing date of Defrail Technologies IPO and Pajson Agro India IPO is Jan 13, 2026, and Dec 15, 2025, respectively.
| Defrail Technologies IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Bid Date | Jan 08, 2026 | Dec 10, 2025 |
| Issue Open | Jan 09, 2026 | Dec 11, 2025 |
| Issue Close | Jan 13, 2026 | Dec 15, 2025 |
| Basis Of Allotment (Tentative) | Jan 14, 2026 | Dec 16, 2025 |
| Initiation of Refunds (Tentative) | Jan 15, 2026 | Dec 17, 2025 |
| Credit of Share (Tentative) | Jan 15, 2026 | Dec 17, 2025 |
| Listing date (Tentative) | Jan 19, 2026 | Dec 18, 2025 |
| Anchor Lockin End date 1 | Feb 15, 2026 | Jan 14, 2026 |
| Anchor Lockin End date 2 | Apr 16, 2026 | Mar 15, 2026 |
Defrail Technologies IPO P/E ratio is 11.18, as compared to Pajson Agro India IPO P/E ratio of 10.11.
| Defrail Technologies IPO | Pajson Agro India IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Pajson Agro India Ltd.'s revenue increased by 95% and profit after tax (PAT) rose by 509% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.51 | 62.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.18 | 10.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.98 Cr. | ₹280.95 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.72 | 60.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43 | 48.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.27 | 0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.62 | ₹11.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.72 | 46.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Defrail Technologies IPO Retail Individual Investors (RII) are offered 6,24,000 shares while in Pajson Agro India IPO retail investors are offered 6,24,000 shares. Qualified Institutional Buyers (QIB) are offered 3,55,200 shares in Defrail Technologies IPO and 11,82,000 shares in Pajson Agro India IPO.
| Defrail Technologies IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,18,400 shares | 17,72,400 shares |
| Market Maker Reservation | 94,400 shares | 3,57,600 shares |
| QIB | 3,55,200 shares | 11,82,000 shares |
| NII | 2,68,800 shares | 9,00,000 shares |
| RII | 6,24,000 shares | 20,97,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,66,400 shares | 59,52,000 shares |
Defrail Technologies IPO subscribed 105.54x in total, whereas Pajson Agro India IPO subscribed 6.50x.
| Defrail Technologies IPO | Pajson Agro India IPO | |
|---|---|---|
| QIB (times) | 71.09x | 10.92x |
| NII (times) | 160.95x | 6.86x |
| Big NII (times) | 188.30x | 7.73x |
| Small NII (times) | 107.70x | 5.14x |
| RII (times) | 101.28x | 3.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 105.54x | 6.50x |
