Gabion Technologies IPO

Listed SME IT Services
Min Investment
₹1,29,600
1600 Shares
Min Investment
₹1,29,600 · 1600 Shares
Open Jan 06
Close Jan 08
Allotment Jan 09
Refund Jan 12
Listing Jan 13
Price Band ₹77–81
Lot Size 1600 shares
Issue Size —
Listed At ₹89.00 +9.9%
Subscribed 301.2×
Listed On BSE SME
Listing Price
₹89.00 (+9.88%)
vs issue price
Current Price (BSE)
₹123.25 (+52.16%)
at close, 05 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹31
+38.3%
Updated: Feb 13, 2026 12:00 am
Subscription Status
QIB
2,823.76x
NII
386.29x
bNII (>10L)
468.86x
sNII (2-10L)
221.34x
Retail
228.42x
Total
301.20x
Updated: Mar 03, 2026 12:20 am IST
Analysis Score 70 / 100
Data: 80%
GMP Score 65
Subscription Score 90
Financial Health 41
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹77–81 per equity share
Face Value₹10 Per Equity Share
Lot Size 1600 shares (Min ₹1,29,600)
Issue TypeBook Build Issue
Lead Manager GYR Capital Advisors Pvt. Ltd.
Registrar Kfin Technologies Ltd.
Listing atBSE SME
BSE Code544675
ISININE1H1501013
Listing Price₹89.00
Listing Gain+9.88%

IPO Reservation

Category Shares Offered Shares %
QIB65,60018.98%
NII (HNI)19,52,00014.27%
bNII > ₹10L13,00,8009.51%
sNII < ₹10L6,51,2004.76%
Retail45,56,00033.33%
Total65,73,600

Financial Analysis

Financial Data
ROE
30.05%
ROCE
19.17%
Debt/Equity
2.12
NAV/Share
₹22.08
Revenue Growth
-3.62%
Profit Margin
6.55%
Financial Performance
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
Values in Crores (₹)
Peer Comparison
Company EPS P/E Market Cap (Cr)
SRM Contractors Limited 23.97 22.40 20
Promoters & Holding Pattern

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%

Strengths & Risks

Strengths
  • Heavily oversubscribed — 301.2x overall (so far).
  • Strong institutional (QIB) demand — 2,823.8x.
  • Strong return on equity — 30%.
Risks & Concerns
  • Revenue fell 4% in the latest reported year.
  • Elevated leverage — debt/equity of 2.12.
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Gabion Technologies

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.

Company Contact Information

Gabion Technologies India Ltd. Address, 38, SF, Near MCD Park, Mohammadpur, New Delhi, New Delhi, 110066

Objects of the Issue
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 IPO — Quick Take

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).

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.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Gabion Technologies IPO is Rs 77 to Rs 81 per share. Face value is Rs 10 per share.

Retail investors must apply for a minimum of 1 lot of 1600 shares, requiring an investment of Rs 1,29,600.

Gabion Technologies IPO opens for subscription on January 06, 2026 and closes on January 08, 2026.

The expected allotment date for Gabion Technologies IPO is January 09, 2026. Refunds for unsuccessful applicants are expected on January 12, 2026.

Gabion Technologies IPO is scheduled to list on January 13, 2026 on BSE. BSE script code: 544675, ISIN: INE1H1501013.

The current GMP (Grey Market Premium) of Gabion Technologies IPO is +Rs 31 (+38.3% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Gabion Technologies IPO is currently subscribed 301.20 times overall — retail at 228.42x, QIB at 2,823.76x, NII at 386.29x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 228.42x for Gabion Technologies IPO, the estimated retail allotment probability is approximately 0.50%. This is a low probability — approximately 1 out of every 100 retail applications may receive allotment.

The registrar for Gabion Technologies IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Gabion Technologies IPO are GYR Capital Advisors Pvt. Ltd..

The promoter(s) of Gabion Technologies are Mr. Madhusudan Sarda, Mrs. Urvashi Sarda, Ms. Priyanandini Sarda and M/s. ARS Merchants Private Limited.

Gabion Technologies IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

See the full Gabion Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.

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