Description
Defrail Technologies Limited announces allocation of 5,18,400 equity shares to anchor investors at Rs. 74 per share in their public issue of up to 18,60,800 equity shares.
Summary
Defrail Technologies Limited has allocated 5,18,400 equity shares to anchor investors at Rs. 74 per equity share (including share premium of Rs. 64) as part of their public issue of up to 18,60,800 equity shares of face value Rs. 10 each. The Board of Directors finalized this allocation on January 08, 2026, in consultation with Book Running Lead Managers.
Key Points
- Total public issue size: Up to 18,60,800 equity shares of face value Rs. 10 each
- Anchor investor allocation: 5,18,400 equity shares (27.85% of total issue)
- Anchor investor allocation price: Rs. 74 per equity share (Rs. 10 face value + Rs. 64 premium)
- Three anchor investors participated: Longthrive Capital VCC - Trendview Capital Fund (47.53%), Sunrise Investment Trust - Sunrise Investment Opportunities Fund (26.23%), and Pine OAK Global Fund (26.23%)
- Company CIN: U30204HR2023PLC115548
- Registered office: Plot No 180, Sector-24, Faridabad, Haryana, 121005
Anchor Investor Allocation Details
| Sr. No. | Anchor Investor | Shares Allocated | Percentage | Bid Price |
|---|---|---|---|---|
| 1 | Longthrive Capital VCC - Trendview Capital Fund | 2,46,400 | 47.53% | Rs. 74 |
| 2 | Sunrise Investment Trust - Sunrise Investment Opportunities Fund | 1,36,000 | 26.23% | Rs. 74 |
| 3 | Pine OAK Global Fund | 1,36,000 | 26.23% | Rs. 74 |
| Total | 5,18,400 | 100.00% |
Regulatory Requirements
- As per SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009, if the offer price discovered through book building is higher than the anchor investor allocation price of Rs. 74, anchor investors must pay the difference by the pay-in date specified in the revised CAN (Confirmation of Allocation Note)
- Disclosure made to BSE and SEBI Corporation Finance Department, Division of Issues and Listing
Important Dates
- Board meeting date for anchor allocation: January 08, 2026
- Circular date: January 08, 2026
Impact Assessment
- Anchor investor allocation represents approximately 27.85% of the total public issue, indicating strong institutional interest
- The allocation to three reputed institutional investors (investment funds) at Rs. 74 per share sets a reference price for the upcoming book building process
- Final offer price discovery pending through the book building mechanism
- Any differential payment requirement will depend on final price discovery vs. anchor price of Rs. 74
Impact Justification
Anchor investor allocation is a standard IPO procedure affecting price discovery for upcoming public issue of Defrail Technologies Limited