About
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 Stock Quote & Charts
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 Details
| 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 |
| 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 (agg. up to ₹1 Cr) Giriraj Stock Broking Pvt.Ltd. |
| 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 |
IPO Timetable
- IPO OpenTue, Jan 6, 2026
- IPO CloseThu, Jan 8, 2026
- AllotmentFri, Jan 9, 2026
- RefundMon, Jan 12, 2026
- Credit of SharesMon, Jan 12, 2026
- ListingTue, Jan 13, 2026
IPO Reservation
Gabion Technologies IPO offers total 36,00,000 shares. Out of which 17,05,600 (47.38%) allocated to QIB, 6,83,200 (18.98%) allocated to QIB (Ex- Anchor), 5,13,600 (14.27%) allocated to
NII
12,00,000 (33.33%) allocated to RII and 10,22,400 (28.40%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,800 (5.02%) |
| QIB Shares Offered | 17,05,600 (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 (14.27%) |
| − bNII > ₹10L | 3,42,400 (9.51%) |
| − sNII < ₹10L | 1,71,200 (4.76%) |
| Retail Shares Offered | 12,00,000 (33.33%) |
| Total Shares Offered | 36,00,000 (100.00%) |
IPO Lot Size
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 |
IPO Anchor Investors
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 |
About Gabion Technologies India Ltd.
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:
- In-house Experienced Design & Execution Team.
- The company produces high-quality products for specialized contracts as a manufacturer and contractor.
- Wide customer base
- Competitive Pricing
- Quality products
- Adoption of New Products & Technologies
- Adequate inventory ensure timely delivery
Company Financials (Restated Consolidated)
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 | ||||
IPO Objects of the Issue
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 |
Key Performance Indicator (KPI)
| 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 Rs | 6.65 | 4.75 |
| P/E (x) | 12.18 | 17.04 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹109.96 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2025 available in RHP.
IPO Review
Gabion Technologies IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
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.
IPO Expenses
| # | 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 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹89.00 |
| Low | ₹84.55 |
| High | ₹93.45 |
| Last Trade | ₹93.41 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
- 04067162222, 04079611000
- gabion.ipo@kfintech.com
- Visit Website
IPO Lead Manager(s)
- GYR Capital Advisors Pvt.Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- 9818793385
- compliance@gabionindia.com
- Visit Website
IPO FAQs
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 the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Gabion Technologies IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
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.
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