SME
IPO ·
BSE SME
Gabion Technologies India Ltd
Listed
Incorporated in February 2008, Gabion Technologies India Limited manufactures steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services globally.
Issue details
Price band
₹76 – ₹81
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,59,200
Issue size
₹29.16 Cr
Fresh issue
₹27.70 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
6 Jan 2026
Closes
8 Jan 2026
UPI mandate cut-off
5:00 PM on 8 Jan 2026
Allotment
9 Jan 2026
Refunds
12 Jan 2026
Shares in demat
12 Jan 2026
Listing
13 Jan 2026
Subscription and listing
Subscription
573.45x
Listing price
₹89
Registrar
Kfin Technologies Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
573.45x
Total applications
3,92,373
Anchor investors
Amount raised
₹8.28 Cr
Bid date
5 Jan 2026
50% lock-in ends
7 Feb 2026
Rest lock-in ends
8 Apr 2026
Listing day
Issue price
₹81
Open
₹89.00
High
₹93.45
Low
₹84.55
Day close
₹93.41
Listing gain at open
+9.88%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
17,05,600
47.38%
Anchor Investor Shares Offered
10,22,400
28.40%
QIB (Ex. Anchor) Shares Offered
6,83,200
18.98%
NII Shares Offered
5,13,600
14.27%
bNII > ₹10L
3,42,400
9.51%
sNII < ₹10L
1,71,200
4.76%
Retail Shares Offered
12,00,000
33.33%
Market Maker Shares Offered
1,80,800
5.02%
Total Shares Offered
36,00,000
100.00%
Finaccle’s quick read
Avoid
FY25 income down 4%, PAT up 14%, D/E 2.12, post-issue P/E 17.04x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in February 2008, Gabion Technologies India Limited manufactures steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services globally. The company manufactures Double Twisted Hexagonal Steel Wire Mesh Gabions, Defence Gabions, PP Rope Gabions, Hi-tensile Rockfall Protection Nettings, Reinforced Geomat, and High Strength Flexible Geogrid to supply products and services for Government entities, contractors, private customers, consultants, and authorities in Geosynthetics, Geotechnical Engineering, and Ground Improvement Techniques.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
—
ROCE
19.17%
Debt / equity
2.12
PAT margin
6.60%
P/E post issue
17.04
Market cap
₹109.96 Cr
Use of IPO money
Working Capital Requirements
₹22.11 Cr
Meeting Capex Requirements for purchasing of plant and machinery
₹1.06 Cr
General Corporate Purposes
₹3.00 Cr
Issue expenses
₹3.00 Cr
Strengths
Risks to watch
!
Revenue fell 4% in FY25
!
High leverage: debt to equity 2.12
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.60%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.