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 finalized the allocation of 5,18,400 equity shares to anchor investors at Rs. 74 per equity share (including share premium of Rs. 64) as part of its public issue of up to 18,60,800 equity shares of face value Rs. 10 each. The Board of Directors approved this allocation on January 08, 2026, in consultation with the Book Running Lead Managers.
Key Points
- Total anchor investor allocation: 5,18,400 equity shares
- Anchor investor allocation price: Rs. 74 per equity share (face value Rs. 10 + premium Rs. 64)
- Total public issue size: Up to 18,60,800 equity shares
- 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 Name | Equity Shares Allocated | % of Anchor Portion | Bid Price (Rs.) |
|---|---|---|---|---|
| 1 | Longthrive Capital VCC - Trendview Capital Fund | 2,46,400 | 47.53% | 74 |
| 2 | Sunrise Investment Trust - Sunrise Investment Opportunities Fund | 1,36,000 | 26.23% | 74 |
| 3 | Pine OAK Global Fund | 1,36,000 | 26.23% | 74 |
| Total | 5,18,400 | 100.00% |
Regulatory Compliance
- As per SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009 (as amended), if the final offer price discovered through book building is higher than the anchor investor allocation price of Rs. 74, anchor investors will be required to pay the difference by the pay-in date specified in the revised Confirmation of Allocation Note (CAN)
- Circular copied to SEBI Corporation Finance Department, Division of Issues and Listing
Important Dates
- Board meeting date for allocation approval: January 08, 2026
- Circular date: January 08, 2026
Impact Assessment
This anchor investor allocation represents approximately 27.85% of the total public issue size (5,18,400 out of 18,60,800 shares). The successful anchor book building at Rs. 74 per share provides a pricing benchmark for the main public issue. The participation of institutional investors including foreign funds (VCC-based Longthrive Capital and Pine OAK Global Fund) and domestic funds (Sunrise Investment Trust) signals investor confidence in the company. The allocation price will serve as a floor reference, though the final issue price may be determined higher through the book building process for retail and other investors.
Impact Justification
Anchor investor allocation announcement for upcoming IPO; important for issue pricing discovery but limited immediate market impact as company not yet listed