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Gabion Technologies India IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Gabion Technologies India Limited, incorporated in 2008, is engaged in the manufacturing, supply, marketing, and installation of steel gabions and geosystem solutions. The company earns revenue through turnkey execution of geotechnical, ground improvement, and erosion control projects across infrastructure and construction sectors. Its products are widely used in roadways, railways, river training, slope protection, and soil stabilization projects.
Gabion Technologies India, an Book Built Issue, amounting to ₹
29.16 Crore,consisting entirely an fresh issue of
0.36 crore shares of ₹
29.16Crore.The subscription period for the Gabion Technologies India IPO opens on January 06, 2026, and closes on January 08, 2026. The allotment is expected to be finalized on or about Friday, January 09, 2025., and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, January 13, 2025.
The Share Price Band of Gabion Technologies India IPO is set at ₹76 to ₹81 per share per equity share. The Market Capitalisation of the Gabion Technologies India at IPO price of ₹81 per equity share will be ₹
109.96 Crores. The lot size of the IPO is 1600 shares. Retail investors are required to invest a minimum of ₹
259,200, 2 lots ( 3200 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
4,800 shares), amounting to ₹
388,800.
GYR Capital Advisors Private Limited are the book running lead manager of the Gabion Technologies India Ltd. while KFIN Technologies Limited is the registrar for the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Gabion Technologies India Limited IPO GMP Today
The Grey Market Premium of Gabion Technologies India IPO is expected to be ₹17 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Gabion Technologies India Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:30 PM on 08 January 2026, the Gabion Technologies India IPO live subscription status shows that the IPO subscribed 826.00 times on its Final Day of subscription period. Check the Gabion Technologies India IPO Live Subscription Status Today at BSE.
Gabion Technologies India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Gabion Technologies India IPO allotment date is 09 January 2026, Tuesday, Gabion Technologies India IPO Allotment will be out on 09 January 2026, Tuesday, and will be live on Registrar Website from the allotment date.
Check KFIN Technologies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Gabion Technologies India IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Gabion Technologies India Limited IPO
Gabion Technologies India to utilise the Net Proceeds towards the following objects:
1. ₹2211.00 Lakh is required for Working Capital Requirements
2. ₹105.67 Lakh is required for Meeting Capex Requirements for purchasing of plant and machinery
3. General Corporate Purpose
Refer to Gabion Technologies India Limited RHP for more details about the Company.
Gabion Technologies India Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| December 31, 2025 | ₹ 81 | ₹ 98 | ₹17(21.0%) | 31 December 2025; 04:50 PM |
Gabion Technologies India IPO Details
| Market Capitalization | ₹109.96 Cr. |
| IPO Date | January 06, 2026 to January 08, 2026 |
| Listing Date | January 13, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹76 to ₹81 per share |
| Issue Price | ₹81 per share |
| Employee Discount | NA |
| Lot Size | 1600 Equity Shares |
| Total Issue Size | 36,00,000 Equity Shares (aggregating to ₹29.16 Cr) |
| Fresh Issue | 36,00,000 Equity Shares (aggregating to ₹29.16 Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share holding pre issue | 9,975,360 |
| Share holding post issue | 13,575,360 |
| Rating | Apply |
Gabion Technologies India IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Gabion Technologies India IPO Timeline (Tentative Schedule)
| IPO Open Date | Tue, Jan 6, 2026 |
| IPO Close Date | Thu, Jan 8, 2026 |
| Basis of Allotment | Fri, Jan 9, 2026 |
| Initiation of Refunds | Mon, Jan 12, 2026 |
| Credit of Shares to Demat | Mon, Jan 12, 2026 |
| Listing Date | Tue, Jan 13, 2026 |
| Cut-off time for UPI mandate confirmation | Thu, Jan 8, 2026 |
Gabion Technologies India IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,709,600 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 512,880 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 1,196,720 | Not more than 35% of the Net Offer |
| Market Maker Portion | 180,800 | - |
Gabion Technologies India IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.48% |
Gabion Technologies India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹259,200 |
| Retail (Max) | 2 | 3,200 | ₹259,200 |
| S-HNI (Min) | 3 | 4,800 | ₹388,800 |
| S-HNI (Max) | 7 | 11,200 | ₹907,200 |
| B-HNI (Min) | 8 | 12,800 | ₹1,036,800 |
Gabion Technologies India IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 6,83,200 | 18,52,38,400 | 271.13x | 09 January 2026; 10:36 AM |
| Non Institutional Investors(NIIS) | 6,94,400 | 75,38,51,200 | 1085.62x | 09 January 2026; 10:37 AM |
| Retail Individual Investors (RIIs) | 12,00,000 | 1,04,06,72,000 | 867.23x | 09 January 2026; 10:37 AM |
| Total | 23,96,800 | 1,97,97,61,600 | 826.00x | 09 January 2026; 10:37 AM |
About Gabion Technologies India Limited
Gabion Technologies India Limited, incorporated in 2008, is engaged in the manufacturing, supply, marketing, and installation of steel gabions and geosystem solutions. The company earns revenue through turnkey execution of geotechnical, ground improvement, and erosion control projects across infrastructure and construction sectors. Its products are widely used in roadways, railways, river training, slope protection, and soil stabilization projects.
Key Clients & Manufacturing Facilities
The company primarily serves government bodies, infrastructure contractors, EPC players, and civil construction companies involved in highways, railways, and water management projects. Gabion Technologies operates a key manufacturing facility at Paonta Sahib, Himachal Pradesh, spread over approximately 9,273 square meters. The facility supports fabrication of steel gabions and related products, ensuring timely execution and quality control.
Product Portfolio, Order Book & Execution
The company’s product portfolio includes steel gabion boxes, mattresses, geosystems, and ground improvement solutions. These products lie in the mid-to-late stage of the client’s project life cycle, supporting durability and safety. Orders are largely project-based, with execution aligned to infrastructure timelines, requiring efficient logistics, on-site installation, and coordinated project management.
Mergers, Capex & Expansion Plans
Gabion Technologies has expanded its footprint through foreign subsidiaries in Bangladesh and Nepal, strengthening regional presence. The company plans capacity enhancement, investment in advanced machinery, and geographic expansion to meet rising infrastructure demand. Capex execution is aligned with improving operational efficiency, increasing manufacturing throughput, and supporting higher-value engineering solutions.
Employees & Banker
As on November 30, 2025, the company had 159 full-time employees. The Banker to the Company is Punjab National Bank.
Management & Growth Vision
The management team, led by experienced promoters and professionals, aims to scale operations by expanding manufacturing capacity and deepening presence in infrastructure-led geotechnical solutions. Their near-term focus is on improving execution efficiency and order inflow, while long-term targets include regional expansion and higher-margin engineering services. Funding for capex and expansion will be arranged through IPO proceeds, internal accruals, and structured banking facilities.
Industry Overview
Gabion Technologies operates in the geotechnical engineering and infrastructure support solutions industry. The Indian infrastructure sector is valued at several trillion rupees and is growing at a CAGR of 8–10%, driven by highways, railways, river management, and urban development. Globally, the geosynthetics and ground engineering market runs into tens of billions of dollars, with steady demand from climate-resilient infrastructure and erosion control projects.
Key Risk Factors
- Project-Based Revenue Risk
The company’s revenue is project-driven, making cash flows dependent on timely project awards, execution schedules, and client payments, which may be affected by delays or policy changes. - Raw Material Price Volatility
Steel is a key input for gabion products. Fluctuations in steel prices can impact margins if cost increases are not passed on to customers in time. - Execution & Site Risk
On-site installation and project execution expose the company to operational risks, including labor availability, weather conditions, and logistical challenges. - Geographic Concentration Risk
A significant portion of revenue is derived from specific regions and infrastructure projects, increasing exposure to regional economic or regulatory changes. - Litigation Risk
The company is subject to certain legal proceedings, which, if decided adversely, could impact financial performance and reputation.
Key Strengths, Moat & Opportunities
- Integrated Solution Provider
The company offers end-to-end solutions, from manufacturing to installation, creating a strong operational moat and improving project execution control. - Strategic Manufacturing Location
The Himachal Pradesh manufacturing unit supports efficient supply to North India infrastructure projects and helps optimize logistics costs. - Strong Infrastructure Demand Tailwinds
Government focus on highways, river management, and climate-resilient infrastructure provides sustained growth opportunities. - Regional Expansion through Subsidiaries
Presence in Bangladesh and Nepal diversifies revenue streams and opens cross-border infrastructure opportunities. - Experienced Management Team
Promoters and senior management bring long-standing experience in geotechnical and infrastructure execution, aiding scalable growth.
Gabion Technologies India Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Nov 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 1,631.56 | 1,201.95 | 1,371.09 | 796.81 |
| Total Assets | 10,058.14 | 8,751.92 | 7,012.33 | 5,176.58 |
| Total Borrowings | 5,205.06 | 4,671.07 | 3,636.63 | 2,945.81 |
| Fixed Assets | 2,746.40 | 2,692.72 | 2,569.37 | 2,444.75 |
| Cash | 133.40 | 74.03 | 95.27 | 83.74 |
| Cash flow from operating activities | -21.68 | -362.56 | -184.73 | -431.37 |
| Cash flows from investing activities | -192.94 | -293.95 | -146.45 | -2,143.76 |
| Cash flow from financing activities | 221.34 | 612.22 | 339.26 | 1,976.37 |
| Net Borrowing | 5,071.66 | 4,597.04 | 3,541.36 | 2,862.07 |
| Revenue | 6,066.18 | 10,117.14 | 10,497.00 | 7,887.57 |
| EBITDA | 1,075.62 | 1,506.02 | 1,315.82 | 638.56 |
| PAT | 430.09 | 663.15 | 581.72 | 341.17 |
| PAT Margin | 7.09% | 6.55% | 5.54% | 4.33% |
| EPS | 4.31 | 6.64 | 5.78 | 3.42 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 6.64 |
| EPS Post IPO (Rs.) | 4.88 |
| Adjusted 12M EPS Post IPO (Rs.) | 4.75 |
| P/E Pre IPO | 12.20 |
| P/E Post IPO | 16.58 |
| Adjusted 12M P/E Post IPO | 17.04 |
| ROE | - |
| ROCE | 19.17% |
| P/BV | 3.67 |
| Debt/Equity | 2.12 |
| RoNW | 30.05% |
| EBITDA Margin | 14.89% |
| PAT Margin | 6.55% |
Gabion Technologies India Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Gabion Technologies India | 4.88 | 16.58 | - | 19.17% | 3.67 | 2.12 | 30.05% |
| SRM Contractors | 23.97 | 22.40 | 25.6 % | 31.0 % | 4.47 | 0.20 | 19.96% |
Gabion Technologies India Limited Contact Details
Gabion Technologies India Limited
Phone: 9818793385
Email: compliance@gabionindia.com
Website: http://www.mdrcindia.com
Gabion Technologies India IPO Registrar and Lead Manager(s)
KFIN Technologies Limited
Phone: +91 40 6716 2222
Email: gabion.ipo@kfintech.com
Website: https://in.mpms.mufg.com
GYR Capital Advisors Private Limited
Phone: +91 8777564648
Email: gabiontechnologies.ipo@gyrcapitaladvisors.in
Website: http://www.beelinemb.com
Gabion Technologies India IPO Review
Gabion Technologies India Limited, incorporated in 2008, is engaged in the manufacturing, supply, marketing, and installation of steel gabions and geosystem solutions. The company earns revenue through turnkey execution of geotechnical, ground improvement, and erosion control projects across infrastructure and construction sectors. Its products are widely used in roadways, railways, river training, slope protection, and soil stabilization projects.
The Company is led by Promoter, i.e., MR. DEVENDRA SINGH YADAV, MRS. DEEPALI YADAV, MRS ASHA YADAV AND MR. JITENDRA SINGH
The Revenues from operations for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 6,066.18 Lakh, ₹ 10,117.14 Lakh, ₹ 10,497.00 Lakh, and ₹ 7,887.57 Lakh, The EBITDA for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,075.62 Lakh, ₹ 1,506.02 Lakh, ₹ 1,315.82 Lakh, and ₹ 638.56 Lakh, The Profit after Tax for the Period ended on Nov 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 430.09 Lakh, ₹ 663.15 Lakh, ₹ 581.72 Lakh, and ₹ 341.17 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹6.64 and post-issue EPS of ₹4.88 for FY25. The pre-issue P/E ratio is 12.20x,while the post-issue P/E ratio is 16.58x against the Industry P/E ratio is 22.04x The company's ROE for FY25 is NA and RoNW is 30.05% The Annualised EPS is ₹4.75x and P/E is 17.04x. These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Gabion Technologies India showing listing gains of 20.62%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Gabion Technologies India Limited IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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