Gabion Technologies SME: Check IPO Date, Live Subscription and Key Details
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 protection nets, geomats, and flexible geogrids. It serves as both a manufacturer and a contractor for high-stakes infrastructure projects including roads, railways, mining, and defense. Gabion Technologies has completed 76 major projects worth over ₹127 Crores, providing critical infrastructure for retaining walls, slope protection, and erosion control.
Price Range
₹76.0 - ₹81.0
Issue Size
₹27.7 Cr
Lot Size
1,600 shares
IPO Type
BSE SME
GMP
₹32(+39.51%)
Est. Listing Price
₹113
Estimate Profit
₹1,02,400
Retail Portion
33.33%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.75
P/E Ratio
17.04
RoNW
30.05%
ROE
30.05%
Debt to Equity
2.12
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Timeline
IPO Opens
6 Jan
IPO Closes
8 Jan
Allotment
9 Jan
Listing
13 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 6 January 2026 | Subscription starts |
| IPO Close Date | 8 January 2026 | Subscription ends |
| Allotment Date | 9 January 2026 | Allotment |
| Listing Date | 13 January 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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
| Category | Reservation |
|---|---|
| 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% |
| Retail | 33.33% |
| Market Maker | 5.02% |
| Total | 100.00% |
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 Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 100.58 | 87.52 | 70.12 | 51.77 |
| Revenue (₹ Cr.) | 60.66 | 101.17 | 104.97 | 78.88 |
| PAT (₹ Cr.) | 4.3 | 6.63 | 5.82 | 3.41 |
| Net Worth (₹ Cr.) | 26.33 | 22.03 | 15.41 | 9.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Gabion Technologies | 3.67 | 17.04 | 30.05% | 26.33 |
| SRM Contractors Ltd. | 4.06 | 16.65 | 24.37% | 276 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.47x | 6.45x | 271.13x |
| NII | 93.6x | 325.83x | 1,467.78x |
| S-HNI | 72.38x | 232.94x | 841.91x |
| B-HNI | 104.21x | 372.27x | 1,780.71x |
| RII | 82.25x | 275.21x | 867.21x |
| Total | 61.66x | 209.45x | 825.99x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 6,83,200 | 18,52,38,400 | 1,500.43 |
| NII | 5,13,600 | 75,38,51,200 | 6,106.19 |
| Small NII | 1,71,200 | 14,41,34,400 | 1,167.49 |
| Big NII | 3,42,400 | 60,97,16,800 | 4,938.71 |
| RII | 12,00,000 | 1,04,06,46,400 | 8,429.24 |
| Total | 23,96,800 | 1,97,97,36,000 | 16,035.86 |
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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
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- gabion.ipo@kfintech.com
- https://ipostatus.kfintech.com/
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.
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