Gabion Technologies India IPO
smelistedAbout the company
Gabion Technologies India is engaged in manufacturing, designing, trading and installation of services required by the civil engineering, infrastructure development, and environmental protection projects. The company operates across 3 business verticals- (i) manufacturing and supply of geosynthetic and geotechnical products such as, defence gabions, steel gabions, rockfall protection systems, geomats and geogrids, (ii) engineering, design and construction services and (iii) trading in auxiliary products that are required by its customers. The company provides services to government bodies, PSUs, contractors, and private clients in various infrastructure sectors like roads, railways, irrigation, energy, mining, defence, and real estate. Its products find application in retaining walls, slope protection, rockfall barriers, river training, flood protection, ground improvement, and ash pond development, among others. The company takes up turnkey EPC projects and is prequalified to bid independently for government tenders, having bid for projects up to ₹2,558.79 lakh. Product wise, manufacturing contributed 57.03% of the company’s FY25 revenue, trading 9.4% and services 33.50%. Sector wise, private sector accounted for 64.3%, while the government sector accounted for 35.6%. Domestic revenue was led by states such as Odisha, Himachal Pradesh and Karnataka while exports constituted of exports to Bhutan and Nepal.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 08 Jan | ₹32 | ₹113 | +2 |
| 07 Jan | ₹30 | ₹111 | 0 |
| 06 Jan | ₹30 | ₹111 | 0 |
| 05 Jan | ₹30 | ₹111 | +3 |
| 04 Jan | ₹27 | ₹108 | 0 |
| 03 Jan | ₹27 | ₹108 | +2 |
| 02 Jan | ₹25 | ₹106 | 0 |
| 01 Jan | ₹25 | ₹106 | 0 |
Strengths
- Long-standing relationships with customers supporting repeat orders and business stability
- Integrated manufacturing and project execution model improving quality control and cost efficiency
- Diversified product portfolio including gabions, rockfall protection systems, and geosynthetics
- Improving financial performance with better operating efficiency over recent periods
- Experienced promoters and management team with strong execution capabilities
Risks
- Operations from leased premises may pose continuity risk if agreements are not renewed
- Intense competition in the infrastructure and geotechnical solutions space
- Promoters’ involvement in other businesses may lead to potential conflicts of interest
- Dependence on a limited number of suppliers for key raw materials
- Revenue dependence on limited geographic regions increasing concentration risk
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed06 Jan 2026Bidding starts for all investor categories
IPO Closes
Completed08 Jan 2026Last day to place your bid
Basis of Allotment
Completed09 Jan 2026Share allotment finalised
Refund Initiation
Completed12 Jan 2026Refunds credited for non-allottees
Credit to Demat
Completed12 Jan 2026Allotted shares credited to demat account
Listing on Exchange
Completed13 Jan 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹129,600 | 1 | ₹129,600 | 1 lot only |
| HNI | 2 | 3200 | ₹259,200 | 2 | ₹259,200 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,847,134 | 14.5 | 0 | 0.00x | 100% |
| NII | 15% | 554,140 | 4.35 | 0 | 0.00x | 100% |
| Retail | 35% | 1,292,994 | 10.15 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
