New Delhi, 19 January (H.S.): Shares of Difrel Tech, a manufacturer of rubber parts and components, opened trading with robust strength on the stock market today. The company's shares were issued at ₹74 under its IPO. On the BSE SME platform, they listed at ₹95, reflecting a 28.38% premium. Buoyed by post-listing buying, the shares surged to the upper circuit limit of ₹99.75.
However, profit-taking ensued shortly after, leading to a decline in the share price. By 11:00 AM, after the morning session, the shares were trading at ₹91.10.Difrel Tech's ₹13.77 crore IPO opened for subscription from January 9 to 13. It received an overwhelming response from investors, getting subscribed 105.54 times overall.
The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 71.09 times. The Non-Institutional Investors (NII) portion saw 160.95 times subscription, while the retail investors' reserved portion was subscribed 101.28 times.
Under the IPO, the company issued 18,60,800 new shares of ₹10 face value each. The funds raised will be used to purchase new equipment and machinery, install solar panels, meet working capital requirements, and for general corporate purposes.
Turning to the company's financial health, claims in the Draft Red Herring Prospectus (DRHP) filed with capital markets regulator SEBI indicate steadily strengthening fundamentals. In fiscal year 2023-24, the company reported a net profit of ₹11 lakh, which soared to ₹3.42 crore in the next fiscal year 2024-25.
Similarly, in the first half of the current fiscal year—from April 2025 to September 30, 2025—the company has already achieved a net profit of ₹1.51 crore.Revenue growth during this period has been equally impressive. Total revenue stood at just ₹72 lakh in fiscal 2023-24 but rocketed to ₹62.22 crore in fiscal 2024-25.
In the first half of the current fiscal—from April to September 30, 2025—the company has garnered ₹39.08 crore in revenue.Debt levels have also risen during this time. At the end of fiscal 2023-24, the company's debt burden was merely ₹41 lakh, escalating to ₹11.56 crore by the end of fiscal 2024-25.
By the first half of the current fiscal—from April to September 30, 2025—the debt stood at ₹11.78 crore.Regarding reserves and surplus, these were at ₹11 lakh at the close of fiscal 2023-24, climbing to ₹3.96 crore by the end of fiscal 2024-25. In the first half of the current fiscal—from April to September 30, 2025—reserves and surplus reached ₹5.46 crore.
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Hindusthan Samachar / Jun Sarkar
