Gabion Technologies IPO GMP Gains As Subscription Soars On Final Day; Check Allotment And Listing Date

The initial public offering (IPO) of Gabion Technologies which opened for subscription on Tuesday, January 6, will conclude its subscription process today, January 8. The SME IPO continued its fantastic run on Day 2 with investors bidding for 50,21,90,400 shares against the 25,77,600 shares on offer. The 29.16-crore SME issue was subscribed over 190 times on Day 2.

The grey market premium for the IPO has remained strong, despite surging investor interest; the GMP has increased by 20% since January 2, when it was Rs 25.

Incorporated in 2008, Gabion Technologies India Ltd. manufactures steel gabions and offers geosynthetics, geotechnical engineering and ground improvement services worldwide.

As subscription for the Gabion Technologies IPO enters its final day, here’s a look at the latest grey market premium (GMP), offer size, price band, allotment date, listing date and other key details.

The latest GMP for the Gabion Technologies IPO stood at Rs 32 per share on January 8. With a price band of Rs 81, the estimated listing price is around Rs 113 per share (GMP + upper limit of the issue price). The latest GMP suggests an expected listing gain of around 39.51% per share compared to the upper end of the issue price.

Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.

According to the latest BSE data, the IPO has been oversubscribed 463.02 times on Thursday.

• Qualified Institutional Buyers (QIBs): 86.88 times

• Non-Institutional Investors: 650.06 times

• Retail Investors: 568.93 times

Investors have bid for 1,19,34,72,000 shares against the 25,77,600 on offer.

Gabion Technologies IPO is a book-built issue worth Rs 29.16 crore. The IPO consists entirely of a fresh issue of 36 lakh equity shares. The price band for the issue has been fixed at Rs 76 to Rs 81 per share.

The lot size for one application is 1,600 shares. Retail investors are required to apply for a minimum of two lots, or 3,200 shares, amounting to a minimum investment of Rs 2,59,200 based on the upper limit of the IPO price band.

GYR Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, while Kfin Technologies Ltd. has been appointed as the registrar.

The IPO will conclude its subscription on Thursday, December 8. The allotment of shares for the Gabion Technologies IPO is expected to be finalised on January 9. The company’s shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 13.

Investors who bid for the the IPO can verify their share allotment status on the websites on BSE and Kfin Technologies.

The company plans to use the net proceeds from the IPO mainly to meet its working capital requirements. Around Rs 1.06 crore will be utilised for capital expenditure. The remaining funds will be used for general corporate purposes to support business operations and growth.

Gabion Technologies manufactures steel gabions and offers geosynthetics, geotechnical engineering, and ground improvement services globally. Its product portfolio includes hexagonal wire mesh gabions, defence gabions, rockfall protection nettings, reinforced geomats and flexible geogrids.

For the fiscal ended March 31, 2025, the company reported an Ebitda of Rs 15.06 crore, compared to Rs 13.16 crore in FY24. Profit after tax rose to Rs 6.63 crore in FY25 from Rs 5.82 crore in the preceding financial year. However, total income declined to Rs 101.17 crore in FY25 from Rs 104.97 crore in the previous financial year.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.