Comparison between Defrail Technologies IPO and Harikanta Overseas IPO.
Defrail Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Harikanta Overseas IPO is a SME Bookbuilding proposed to list at BSE SME.
| Defrail Technologies IPO | Harikanta Overseas IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | 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 Harikanta Overseas IPO is up to ₹23.07 Cr. The final issue price of Defrail Technologies IPO is ₹74.00 per share and of Harikanta Overseas IPO is ₹91.00 per share.
| Defrail Technologies IPO | Harikanta Overseas IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹70.00 per share | ₹86.00 per share |
| Issue Price (Upper) | ₹74.00 per share | ₹91.00 per share |
| Issue Price (Final) | ₹74.00 per share | ₹91.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 17,66,400 shares | 25,35,600 shares |
| Fresh Issue Size (Amount) | up to ₹13.07 Cr | up to ₹23.07 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 | 25,35,600 shares |
| Issue Size Total (Amount) | up to ₹13.07 Cr | up to ₹23.07 Cr |
Defrail Technologies IPO opens on Jan 09, 2026, while Harikanta Overseas IPO opens on May 20, 2026. The closing date of Defrail Technologies IPO and Harikanta Overseas IPO is Jan 13, 2026, and May 27, 2026, respectively.
| Defrail Technologies IPO | Harikanta Overseas IPO | |
|---|---|---|
| Anchor Bid Date | Jan 08, 2026 | |
| Issue Open | Jan 09, 2026 | May 20, 2026 |
| Issue Close | Jan 13, 2026 | May 27, 2026 |
| Basis Of Allotment (Tentative) | Jan 14, 2026 | May 29, 2026 |
| Initiation of Refunds (Tentative) | Jan 15, 2026 | Jun 01, 2026 |
| Credit of Share (Tentative) | Jan 15, 2026 | Jun 01, 2026 |
| Listing date (Tentative) | Jan 19, 2026 | Jun 02, 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 Harikanta Overseas IPO P/E ratio of 14.66.
| Defrail Technologies IPO | Harikanta Overseas IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 96.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.51 | 70.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.18 | 14.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.98 Cr. | ₹89.78 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 73.72 | 56.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43 | 37.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.27 | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.62 | ₹6.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 73.72 | 32.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Defrail Technologies IPO Retail Individual Investors (RII) are offered 6,24,000 shares while in Harikanta Overseas IPO retail investors are offered 6,24,000 shares. Qualified Institutional Buyers (QIB) are offered 3,55,200 shares in Defrail Technologies IPO and 54,000 shares in Harikanta Overseas IPO.
| Defrail Technologies IPO | Harikanta Overseas IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,18,400 shares | 0 shares |
| Market Maker Reservation | 94,400 shares | 1,34,400 shares |
| QIB | 3,55,200 shares | 54,000 shares |
| NII | 2,68,800 shares | 12,40,800 shares |
| RII | 6,24,000 shares | 12,40,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,66,400 shares | 25,35,600 shares |
Defrail Technologies IPO subscribed 74.56x in total, whereas Harikanta Overseas IPO subscribed 1.12x.
| Defrail Technologies IPO | Harikanta Overseas IPO | |
|---|---|---|
| QIB (times) | 71.09x | 21.33x |
| NII (times) | 160.95x | 0.70x |
| Big NII (times) | 188.30x | 0.90x |
| Small NII (times) | 107.70x | 0.28x |
| RII (times) | 101.28x | 0.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 74.56x | 1.12x |
