Bookbuilding IPO | ₹29 Cr | Listed at BSE SME | Tue, Jan 6, 2026 - Thu, Jan 8, 2026
Gabion Technologies IPO is a book build issue of ₹29.16 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹29.16 crore.
Gabion Technologies IPO bidding started from Jan 6, 2026 and ended on Jan 8, 2026. The allotment for Gabion Technologies IPO was finalized on Jan 9, 2026. The shares got listed on BSE SME on Jan 13, 2026.
Gabion Technologies IPO price band is set at ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,88,800.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Gabion Technologies IPO RHP for detailed Information.
IPO Open
Tue, Jan 6, 2026
IPO Close
Thu, Jan 8, 2026
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹109.96 Cr
| IPO Date | 6 to 8 Jan, 2026 |
| Listed on | Tue, Jan 13, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 1,80,800 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,19,200 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 34,19,200 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 99,75,360 shares |
| Share Holding Post Issue | 1,35,75,360 shares |
| BSE Script Code | 544675 |
| ISIN | INE1H1501013 |
Gabion Technologies IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,19,200 shares, after excluding 1,80,800 shares allotted on a firm basis. Of the Net offer 17,05,600 (49.88%) are allocated to QIB, 5,13,600 (15.02%) allocated to NII 12,00,000 (35.10%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,05,600 | 49.88% | 47.38% |
| − Anchor Investor Shares Offered | 10,22,400 | 28.40% | |
| − QIB (Ex. Anchor) Shares Offered | 6,83,200 | 18.98% | |
| NII (HNI) Shares Offered | 5,13,600 | 15.02% | 14.27% |
| − bNII > ₹10L | 3,42,400 | 9.51% | |
| − sNII < ₹10L | 1,71,200 | 4.76% | |
| Retail Shares Offered | 12,00,000 | 35.10% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,800 | 5.02% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 4,800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 12,800 | ₹10,36,800 |
Gabion Technologies IPO raises ₹8.28 crore from anchor investors. Gabion Technologies IPO Anchor bid date is January 5, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 5, 2026 |
| Shares Offered | 10,22,400 |
| Anchor Portion (₹ Cr.) | 8.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 7, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 8, 2026 |
Incorporated in February 2008, Gabion Technologies India Limited manufactures steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services globally.
The company manufactures Double Twisted Hexagonal Steel Wire Mesh Gabions, Defence Gabions, PP Rope Gabions, Hi-tensile Rockfall Protection Nettings, Reinforced Geomat, and High Strength Flexible Geogrid to supply products and services for Government entities, contractors, private customers, consultants, and authorities in Geosynthetics, Geotechnical Engineering, and Ground Improvement Techniques.
The company serves various sectors, including infrastructure, retaining walls, slopes, rockfall protection, irrigation, and mining.
The company has completed 76 projects with a total contract value of Rs 12,760.59 lakhs, including 36 in roads, 12 in railways, 8 in private commercial, 9 in energy, 3 in mining, 3 in airports, 3 in defence, and 2 in water resources.
Product Portfolio: Gabion boxes, revet mattresses, DT mesh netting, sack gabions, tailmesh fascia units, high-tensile rockfall protection netting, 3D geo-composite geomats, rockfall barriers, geotextiles, geobags, HDPE geomembranes, PET geogrids, PP geogrids, jute geotextiles, coir mats, 3D drain sheets, concrete geomats, and steel anchors.
As of November 30, 2025, the company had 159 full-time employees. They also hire contractual workers as needed, based on site requirements.
Company Strength:
Gabion Technologies India Ltd.'s revenue decreased by 4% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 100.58 | 87.52 | 70.12 | 51.77 |
| Total Income | 60.66 | 101.17 | 104.97 | 78.88 |
| Profit After Tax | 4.30 | 6.63 | 5.82 | 3.41 |
| EBITDA | 10.76 | 15.06 | 13.16 | 6.39 |
| NET Worth | 26.33 | 22.03 | 15.41 | 9.65 |
| Reserves and Surplus | 16.32 | 12.02 | 13.71 | 7.97 |
| Total Borrowing | 52.05 | 46.71 | 36.37 | 29.46 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 22.11 |
| 2 | Meeting Capex Requirements for purchasing of plant and machinery | 1.06 |
| 3 | General Corporate Purposes | 3.00 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 19.17% |
| Debt/Equity | 2.12 |
| RoNW | 30.05% |
| PAT Margin | 6.60% |
| EBITDA Margin | 14.89% |
| Price to Book Value | 3.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.65 | 4.75 |
| P/E (x) | 12.18 | 17.04 |
| Promoter Holding | 100% | 73.47% |
| Market Cap | ₹109.96 Cr. |
The Gabion Technologies IPO is subscribed 826.00 times on January 8, 2026 6:19:53 PM (Day 3). The public issue subscribed 867.23 times in the individual investors category, 271.13 times in the QIB category, and 1,467.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 271.13 | 6,83,200 | 18,52,38,400 | 0 |
| NII* | 1,467.78 | 5,13,600 | 75,38,51,200 | 0 |
| bNII (bids above ₹10L) | 1,780.71 | 3,42,400 | 60,97,16,800 | |
| sNII (bids below ₹10L) | 841.91 | 1,71,200 | 14,41,34,400 | |
| Individual Investor | 867.23 | 12,00,000 | 1,04,06,72,000 | 0 |
| Total | 826.00 | 23,96,800 | 1,97,97,61,600 | 4,00,344 |
Total Application : 4,00,344
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers Fees | 0.30 |
| 2 | Fees payable to Underwriters | 1.46 |
| 3 | Fees Payable to Market Maker to the Issue | 0.08 |
| 4 | Fees Payable to Registrar to the Issue | 0.03 |
| 5 | Fees Payable for Advertising and Publishing Expenses | 0.27 |
| 6 | Fees Payable to Regulators including Stock Exchanges & Depositories | 0.34 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.00 |
| 8 | Statutory Auditors | 0.02 |
| 9 | Legal Advisors | 0.04 |
| 10 | Practising Company Secretary | 0.08 |
| 11 | Financial Consultant | 0.13 |
| 12 | Banker to the Issue | 0.26 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹89.00 |
| Low | ₹84.55 |
| High | ₹93.45 |
| Last Trade | ₹93.41 |
Lead Manager Reports
Gabion Technologies IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Jan 6, 2026, and closes on Thu, Jan 8, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gabion Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Gabion Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gabion Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gabion Technologies IPO opens on Tue, Jan 6, 2026 and closes on Thu, Jan 8, 2026.
Gabion Technologies IPO lot size is 1600, and the minimum amount required for application is ₹2,59,200, with 2 lots being the minimum application size.
You can apply in Gabion Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gabion Technologies IPO will be done on Friday, January 9, 2026, and the allotted shares will be credited to your demat account by Mon, Jan 12, 2026. Check the Gabion Technologies IPO allotment status.
The Gabion Technologies IPO listing date is on Tue, Jan 13, 2026.
