Defrail Technologies SME IPO listing: SME stock Defrail Technologies made a strong debut on Monday, January 19, defying weak stock market sentiment. Defrail Technologies’ share price opened at ₹95 on the BSE, up 28.4% with respect to the issue price of ₹74. The stock extended its gains, rising to its upper price band of ₹99.75, up almost 35% from its issue price.
Meanwhile, equity benchmark Sensex fell by almost a per cent during the session.
The SME IPO’s listing exceeded gray market expectations, as Defrail Technologies’ GMP on Monday morning indicated the stock could have listed at a 23% premium over the issue price.
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