Description

Listing of 7,024,420 equity shares of DEFRAIL TECHNOLOGIES LIMITED following IPO with varying lock-in periods.

Summary

BSE has listed 7,024,420 equity shares of DEFRAIL TECHNOLOGIES LIMITED following its Initial Public Offering (IPO). All shares are fully paid and held in demat form, with various lock-in periods ranging from 3 months to 3 years depending on the category of securities.

Key Points

  • Total securities listed: 7,024,420 equity shares
  • All securities are fully paid and in demat form
  • Securities divided into 6 categories with different lock-in periods
  • Lock-in periods range from 3 months (anchor investors) to 3 years (promoter shares)
  • 1,342,400 shares are freely tradable without lock-in
  • Distinctive numbers allocated from 1 to 7,024,420

Securities Breakdown

Category 1: 1,440,000 shares

  • Distinctive Numbers: 1 to 1,440,000
  • Lock-in: January 7, 2026 to January 16, 2029 (3 years)
  • Status: Fully Paid, Demat

Category 2: 1,856,000 shares

  • Distinctive Numbers: 1,440,001 to 3,296,000
  • Lock-in: January 7, 2026 to January 16, 2028 (2 years)
  • Status: Fully Paid, Demat

Category 3: 1,867,620 shares

  • Distinctive Numbers: 3,296,001 to 5,163,620
  • Lock-in: January 7, 2026 to January 16, 2027 (1 year)
  • Status: Fully Paid, Demat

Category 4: 260,800 shares (Anchor)

  • Distinctive Numbers: 5,163,621 to 5,424,420
  • Lock-in: January 14, 2026 to April 16, 2026 (3 months)
  • Status: Fully Paid, Demat

Category 5: 257,600 shares (Anchor)

  • Distinctive Numbers: 5,424,421 to 5,682,020
  • Lock-in: January 14, 2026 to February 15, 2026 (1 month)
  • Status: Fully Paid, Demat

Category 6: 1,342,400 shares

  • Distinctive Numbers: 5,682,021 to 7,024,420
  • Lock-in: None (FREE)
  • Status: Fully Paid, Demat

Important Dates

  • Lock-in Start (Categories 1-3): January 7, 2026
  • Lock-in Start (Categories 4-5): January 14, 2026
  • Anchor Lock-in Expiry (Category 5): February 15, 2026
  • Anchor Lock-in Expiry (Category 4): April 16, 2026
  • One-year Lock-in Expiry: January 16, 2027
  • Two-year Lock-in Expiry: January 16, 2028
  • Three-year Lock-in Expiry: January 16, 2029

Impact Assessment

Market Liquidity

  • Approximately 19% (1,342,400 shares) are immediately available for trading
  • Anchor investor shares (518,400 shares or 7.4%) will unlock within 1-3 months
  • Remaining shares unlock gradually over 1-3 years, preventing supply shock

Trading Implications

  • Limited initial float may lead to higher volatility
  • Staged unlock schedule provides predictable supply increases
  • Large promoter lock-in (3.3 million shares for 1-3 years) indicates long-term commitment

Impact Justification

New IPO listing of 7+ million shares with multiple lock-in categories affecting market availability and trading activity