Defrail Technologies Listing Update **Company Profile** Defrail Technologies is a specialized manufacturer of rubber components catering to the automotive, railway, and defence sectors. **IPO Snapshot** * **Listing Date:** January 19 * **Platform:** BSE SME * **Issue Size:** Rs 14 crore * **Issue Price:** Rs 74 per share **Market Sentiment & Performance** * **Subscription Status:** The offering witnessed robust demand, closing with a subscription rate of **105 times**. * **Grey Market Premium (GMP):** Shares are currently trading at a **23% premium** in the grey market. * **Projected Listing Price:** Market trends indicate a potential listing range of **Rs 90–92**, reflecting strong pre-listing investor interest.