Defrail Technologies Share Price

The foundation of Defrail Technologies Limited, was laid in 1980 when the Promoter Mr. Dinesh Aggarwal who established Vikas Rubber Industries, a sole proprietorship firm located in Tigaon, Near Ballabgarh Village, Faridabad to manufacture various rubber parts to serve individual consumers. As the proprietorship firm expanded, it relocated in 2001 to a larger facility in Neemka Village, situated along the Tigaon Road, Near Ballabgarh, Faridabad. This facility now serves as the companys current manufacturing plant, supporting enhanced production capacity and operational efficiency.Also, with the objective to manufacture, import, export and deal with all types of parts and byproducts made of rubber streamline operations, a new corporate entity, Impex HiTech Rubber Private Limited., was formed in July 2021 by the present Promoters Ms. Ashi Aggarwal, Mr. Vivek Aggarwal and Mr. Abhishek Aggarwal.Thereafter, in October 2023, Defrail Technologies Limited was incorporated with the main objects to manufacture components, products and byproducts for the railways, defence and motor vehicles made of rubber. On 1 April 2024, through two distinct Business Transfer Agreements (BTAs), the entire ongoing businesses of M/s Vikas Rubber Industries and M/s Impex Hitech Rubber, including their assets, liabilities, operations, and goodwill, were formally transferred to the Company. At present, Company is engaged in the business of manufacturing rubber parts components including Rubber Hose and Assemblies, Rubber Profiles and Beadings and Rubber Moulding parts. Company operates with 2 manufacturing plants located at Faridabad, Haryana. Products have diverse application across different industries including Automotive, Railways and Defence. These products are manufactured from various raw material which includes Acrylonitrile Butadiene Rubber, Chloroprene Rubber, Ethylene Propylene Diene Rubber Monomer, Acrylonitrile Butadiene Rubber, Chloro Sulphonated Pole and Chlorinated Polyethylene.Company has filed a Draft Prospectus and is planning the initial public offering of issuing 18,62,000 equity shares of Rs 10 each through Fresh Issue.