Gabion Technologies BSE SME

Gabion Technologies SME IPO

Listed

BSE SMEOpens 6 January 2026Closes 8 January 2026

Gabion Technologies India Limited, established in 2008, is a specialized provider of geosynthetics, geotechnical engineering, and ground improvement solutions. The company manufactures steel wire mesh gabions, rockfall…

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Live GMPSubscriptionAllotment
Price band
₹76 - ₹81
Issue size
₹27.70 Cr
Lot size
1,600 shares
Type
BSE SME
GMP
₹31 (+38.3%)
Est. listing
₹112
Est. profit / app
₹99,200
Retail quota
33.33%

Key ratios

As per RHP / filings
Face value
₹10
EPS
4.75
P/E ratio
17.04
RoNW
30.05%
ROE
30.05%
Debt / Equity
2.12
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Timeline

  1. IPO Opens

    6 Jan 2026

  2. IPO Closes

    8 Jan 2026

  3. Allotment

    9 Jan 2026

  4. Listing

    13 Jan 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date6 January 2026
IPO Close Date8 January 2026
Allotment Date9 January 2026
Listing Date13 January 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,59,200
SHNI (Min)
3₹3,88,800
SHNI (Max)
7₹9,07,200
BHNIAbove ₹10,00,000
8₹10,36,800

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)47.38%
NII (Non-Institutional Investor)14.27%
SHNI (Small Non-Institutional Investor)4.76%
BHNI (Big Non-Institutional Investor)9.51%
Retail33.33%
Market Maker5.02%
Total100.00%

IPO Objectives

  • Funding Working Capital Requirements (₹22.11 Cr).
  • Meeting Capex Requirements for purchasing plant and machinery (₹1.06 Cr).
  • General Corporate Purposes.

Strengths

  • The company occupies a Specialized Niche with a strong presence in the high-growth Geosynthetics and Geotechnical sector, focusing on critical infrastructure projects.
  • It has a track record of Experienced Execution, having successfully completed 76 projects with a diversified portfolio across roads, railways, and defense.
  • The Asset-Light Operations strategy, combining in-house design with specialized manufacturing, ensures high-quality delivery for complex contracts while maintaining flexibility.
  • The business shows Strong Return Metrics, achieving a robust RoNW of 30.05% and a healthy PAT margin for the infrastructure industry.
  • There is Massive Subscription Interest, with the IPO being subscribed over 27 times on Day 1, signaling high investor confidence in the company's market position.

Weaknesses

  • The company exhibits Inconsistent Topline performance, with a 4% revenue decrease in FY25 highlighting the inherent volatility of project-based income.
  • It carries High Leverage, with a Debt-to-Equity ratio of 2.12 that is higher than the industry ideal and poses a notable financial risk.
  • Operations are Working Capital Intensive, with a significant portion of IPO funds required to manage cash flow pressures typical of long-cycle infrastructure projects.
  • The business has high Regulatory Sensitivity, as its success is deeply tied to government infrastructure spending and evolving environmental compliance standards.
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Financial Performance

Period Ended30 Nov 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)100.5887.5270.1251.77
Revenue (₹ Cr.)60.66101.17104.9778.88
PAT (₹ Cr.)4.36.635.823.41
Net Worth (₹ Cr.)26.3322.0315.419.65

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Gabion Technologies3.6717.0430.05%26.33
SRM Contractors Ltd.4.0616.6524.37%276

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB1.47x6.45x271.13x
NII93.6x325.83x1,467.78x
S-HNI72.38x232.94x841.91x
B-HNI104.21x372.27x1,780.71x
RII82.25x275.21x867.21x
Total61.66x209.45x825.99x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB6,83,20018,52,38,4001,500.43
NII5,13,60075,38,51,2006,106.19
Small NII1,71,20014,41,34,4001,167.49
Big NII3,42,40060,97,16,8004,938.71
RII12,00,0001,04,06,46,4008,429.24
Total23,96,8001,97,97,36,00016,035.86
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Company Details

  • Gabion Technologies India Ltd.
  • 38, SF, Near MCD Park, Mohammadpur, New Delhi, 110066
  • 9818793385
  • compliance@gabionindia.com
  • https://gabionindia.com/

Registrar Details

Frequently Asked Questions

What is the business focus of Gabion Technologies?
Gabion Technologies manufactures and supplies steel gabions and geosynthetics for geotechnical engineering, specializing in soil stabilization, rockfall protection, and retaining wall solutions.
When does the Gabion Technologies IPO open and close?
The IPO opened on January 6, 2026, and will close for subscription on January 8, 2026.
What is the IPO price band and minimum retail investment?
The price band is ₹76 to ₹81 per share. A retail investor needs to apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,59,200.
What is the current GMP of Gabion Technologies IPO today?
As of January 6, 2026, the GMP is approximately ₹30, indicating a potential listing price of ₹111 (~37% premium).
How has the subscription performed so far?
The IPO has seen a massive opening, getting subscribed 27.13 times on its very first day (January 6), with the NII portion oversubscribed by 41 times.
Where will the shares be listed and what is the listing date?
The shares are proposed to list on the BSE SME platform with a tentative listing date of January 13, 2026.

Gabion Technologies SME IPO News & Updates

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Gabion Technologies SME IPO IPO Pages

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Gabion Technologies SME IPO Details

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Gabion Technologies SME IPO GMP

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Gabion Technologies SME IPO Subscription

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Gabion Technologies SME IPO Allotment

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Gabion Technologies SME IPO Review

SWOT, strengths, risks, and IPO review

Gabion Technologies SME IPO FAQ

Common questions on dates, GMP, and allotment

Gabion Technologies SME IPO Registrar

Registrar website and how to check allotment

Gabion Technologies SME IPO Timeline

Open, close, allotment, and listing dates

Gabion Technologies SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Gabion Technologies SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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