Gabion Technologies IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 | November 2025 |
|---|---|---|---|---|
| Revenue | 78.88 | 104.97 | 101.17 | 60.66 |
| Expense | 74.26 | 97.04 | 92.12 | 54.83 |
| Profit (PAT) | 3.41 | 5.82 | 6.63 | 4.30 |
| Total Assets | 51.77 | 70.12 | 87.52 | 100.58 |
Promoters: Mr. Madhusudan Sarda, Mrs. Urvashi Sarda, Ms. Priyanandini Sarda and M/s. ARS Merchants Private Limited
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 99,75,360 | 100.00% |
Company Information
Gabion Technologies India Limited, founded in February 2008, is involved in the manufacturing, design, trading, and installation of gabions, Rockfall Protection Nettings, and Geosynthetic Materials. The company manufactures and supplies mechanically woven double-twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, high-tensile rockfall protection nettings, rockfall fences/barriers, reinforced geomats, and high-strength flexible geogrids. The company provides high-quality products serving various industries like infrastructure, real estate, road, and railway construction, airport runway development, and many more. Gabion Technologies has completed 76 work contracts, which include 36 projects in the road sector, 12 in the railway sector, 8 in the private commercial sector, 9 in the energy sector, 3 in mining, 3 in airports, 3 in defense, and 2 in the water resources sector.
| Purpose | Amount (Cr) |
|---|---|
| Working Capital Requirements | 22.11 |
| Meeting Capex Requirements for purchasing of plant and machinery | 1.06 |
| General Corporate Purpose | - |
Resources & Documents
Gabion Technologies India Ltd. Address, 38, SF, Near MCD Park, Mohammadpur, New Delhi, New Delhi, 110066
Gabion Technologies has set a price band of Rs 77–Rs 81 per share in the it services sector. The stock listed with a 9.88% gain versus its issue price on January 13, 2026.
Gabion Technologies India Limited, founded in February 2008, is involved in the manufacturing, design, trading, and installation of gabions, Rockfall Protection Nettings, and Geosynthetic Materials. The company manufactures and supplies mechanically woven double-twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, high-tensile rockfall protection nettings, rockfall fences/barriers, reinforced geomats, and high-strength flexible geogrids. The company operates in the it services space.
The issue is promoted by Mr. Madhusudan Sarda, Mrs. Urvashi Sarda, Ms. Priyanandini Sarda and M/s. ARS Merchants Private Limited with GYR Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Working Capital Requirements (Rs 22 crore) and Meeting Capex Requirements for purchasing of plant and machinery (Rs 1 crore).
Grey market is quoting a premium of +Rs 31 (+38.3% over issue price), up Rs 1 from the previous session. Final subscription data records overall subscription at 826.08x, retail at 867.23x, QIB at 271.13x, NII at 1,468.13x.
On fundamentals, the company is posting revenue growth of -3.6%, a profit margin of 6.6%, return on equity of 30.1% in its most recent reported period. Listed peers in this segment include SRM Contractors Limited (P/E 22.40x, market cap Rs 20 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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