Comparison between Defrail Technologies IPO and Elfin Agro India IPO.
Defrail Technologies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Elfin Agro India IPO is a SME Fixed Price proposed to list at BSE SME.
| Defrail Technologies IPO | Elfin Agro India 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. | Finshore Management Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Shilpa Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Elfin Agro India IPO is up to ₹23.77 Cr. The final issue price of Defrail Technologies IPO is ₹74.00 per share and of Elfin Agro India IPO is ₹47.00 per share.
| Defrail Technologies IPO | Elfin Agro India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹70.00 per share | |
| Issue Price (Upper) | ₹74.00 per share | |
| Issue Price (Final) | ₹74.00 per share | ₹47.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 3000 shares |
| Fresh Issue Size | 17,66,400 shares | 50,58,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.07 Cr | up to ₹23.77 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 | 50,58,000 shares |
| Issue Size Total (Amount) | up to ₹13.07 Cr | up to ₹23.77 Cr |
Defrail Technologies IPO opens on Jan 09, 2026, while Elfin Agro India IPO opens on Mar 05, 2026. The closing date of Defrail Technologies IPO and Elfin Agro India IPO is Jan 13, 2026, and Mar 09, 2026, respectively.
| Defrail Technologies IPO | Elfin Agro India IPO | |
|---|---|---|
| Anchor Bid Date | Jan 08, 2026 | |
| Issue Open | Jan 09, 2026 | Mar 05, 2026 |
| Issue Close | Jan 13, 2026 | Mar 09, 2026 |
| Basis Of Allotment (Tentative) | Jan 14, 2026 | Mar 10, 2026 |
| Initiation of Refunds (Tentative) | Jan 15, 2026 | Mar 11, 2026 |
| Credit of Share (Tentative) | Jan 15, 2026 | Mar 11, 2026 |
| Listing date (Tentative) | Jan 19, 2026 | Mar 12, 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 Elfin Agro India IPO P/E ratio of 13.05.
| Defrail Technologies IPO | Elfin Agro India IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.51 | 72.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.18 | 13.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.98 Cr. | ₹91.30 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.72 | 36.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43 | 47.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.27 | 0.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.62 | ₹3.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.72 | 36.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Defrail Technologies IPO Retail Individual Investors (RII) are offered 6,24,000 shares while in Elfin 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 0 shares in Elfin Agro India IPO.
| Defrail Technologies IPO | Elfin Agro India IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,18,400 shares | 0 shares |
| Market Maker Reservation | 94,400 shares | 2,67,000 shares |
| QIB | 3,55,200 shares | 0 shares |
| NII | 2,68,800 shares | 25,20,000 shares |
| RII | 6,24,000 shares | 25,38,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,66,400 shares | 50,58,000 shares |
Defrail Technologies IPO subscribed 105.54x in total, whereas Elfin Agro India IPO subscribed 1.35x.
| Defrail Technologies IPO | Elfin Agro India IPO | |
|---|---|---|
| QIB (times) | 71.09x | |
| NII (times) | 160.95x | 2.12x |
| Big NII (times) | 188.30x | |
| Small NII (times) | 107.70x | |
| RII (times) | 101.28x | 0.59x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 105.54x | 1.35x |
