Gabion Technologies IPO opens on January 6, 2026, offering investors an opportunity to participate in India’s growing infrastructure and geosynthetics sector. The BSE SME IPO is priced at ₹76-₹81 per share with a total issue size of ₹29.16 crores.
Gabion Technologies IPO Key Details
| IPO Parameter | Details |
|---|---|
| IPO Open Date | January 6, 2026 |
| IPO Close Date | January 8, 2026 |
| Price Band | ₹76 – ₹81 per share |
| Lot Size | 1,600 shares |
| Minimum Investment | ₹2,59,200 (2 lots for retail) |
| Issue Size | ₹29.16 crores (Fresh Issue) |
| Face Value | ₹10 per share |
| Allotment Date | January 9, 2026 |
| Listing Date | January 13, 2026 |
| Exchange | BSE SME |
The Gabion Technologies IPO consists entirely of a fresh issue of 36 lakh equity shares with no offer-for-sale component, indicating complete capital deployment for business expansion.
Gabion Technologies IPO: Share Allocation & Subscription Strategy
The share reservation structure favors retail investors with 80.61% allocation, making it an attractive investment opportunity for individual investors. The allocation breakdown includes:
- Retail Investors (RII):
12,00,000 shares (33.33%) - Anchor Investors:
1,022,400 shares (28.40%) - QIB (Qualified Institutional Buyers):
1,705,600 shares (47.38% including anchor) - Non-Institutional Investors (NII):
513,600 shares (14.27%)
Retail investors face approximately a 1 in 33 allotment chance based on typical SME IPO subscription patterns.
Gabion Technologies IPO: Business Model & Competitive Position
Gabion Technologies India Limited, incorporated in 2008, specializes in the manufacturing and installation of gabion boxes, rockfall protection netting, geosynthetics, geogrids, geomembranes, and related infrastructure protection solutions. The company operates an integrated design-manufacture-execute business model across multiple sectors, including roads, railways, defense, airports, mining, and water resources.
The company has successfully completed 76 projects with an aggregate contract value exceeding ₹127 crores, demonstrating strong execution capabilities. In the Indian gabion and geosynthetics market, Gabion Technologies competes with well-known companies like Maccaferri, Techfab India Industries, and Garware Technical Fibres.
Gabion Technologies IPO: Financial Performance Analysis
Gabion Technologies has demonstrated consistent revenue generation with improving profitability margins over the past three fiscal years:
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) | OPM % |
|---|---|---|---|---|
| Nov 2025 (8M) | 60.66 | 4.30 | 26.33 | – |
| FY 2024-25 | 100-101 | 6.63-6.65 | 22.03 | 15% |
| FY 2023-24 | 105 | 5.82 | 15.41 | 13% |
| FY 2022-23 | 79 | 3.41 | 9.65 | 8% |
The company’s operating profit margin improved from 8% to 15% between FY2023 and FY2025, indicating enhanced operational efficiency. However, debtor days increased from 74 to 92 days, suggesting working capital management requires attention.
Gabion Technologies IPO: Fund Utilization & Growth Strategy
Gabion Technologies plans to utilize IPO proceeds strategically for business expansion:
- Working Capital Requirements:
₹22.11 crores - Capital Expenditure (Capex):
Manufacturing capacity expansion - General Corporate Purposes:
Operational efficiency enhancement
The fresh issue structure ensures all capital raised directly supports business growth rather than providing an exit to existing shareholders.
Gabion Technologies IPO: Grey Market Premiums (GMP) & Listing Expectations
Gabion Technologies IPO is trading at a grey market premium of ₹25 (30.86% premium), suggesting strong investor demand. The estimated listing price stands at ₹106, indicating potential listing gains of approximately ₹40,000 per lot. However, grey market premiums are speculative, and actual listing performance depends on market conditions and subscription levels.
Gabion Technologies IPO: Investment Risks & Considerations
Prospective investors should evaluate several risk factors before applying:
- Regional Revenue Concentration:
Limited geographical diversification may impact growth. - Working Capital Intensity:
High working capital requirements and increasing debtor days - SME Platform Volatility:
BSE SME stocks typically experience higher price volatility than mainboard listings. - Infrastructure Sector Dependency:
Business performance linked to government infrastructure spending cycles
SEBI’s recent regulatory tightening for SME IPOs, including mandatory operating profit of ₹1 crore for two of the preceding three years, has improved issuer quality but reduced listing frenzy.
Should You Apply for Gabion Technologies IPO?
Gabion Technologies presents a compelling investment case for risk-tolerant investors seeking exposure to India’s infrastructure and geosynthetics sector. The company benefits from increasing government infrastructure capital expenditure, growing adoption of sustainable construction practices, and demand for soil erosion control solutions.
Investment rationale includes the integrated business model, established project execution track record, and improving profitability margins. However, the high minimum investment of ₹2.59 lakhs and SME platform liquidity concerns may deter conservative retail investors.
How to Check Gabion Technologies IPO Allotment Status
Investors can check their allotment status on January 9, 2026, through multiple channels:
- KFin Technologies (Registrar):
Visit the official registrar website and select Gabion Technologies IPO. - BSE Website:
Access allotment status using PAN or application number - Demat Account:
Shares credited by January 10, 2026, for successful applicants
The systematic allotment process follows a lottery system for oversubscribed categories, with retail investors receiving priority allocation.
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Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should conduct independent due diligence and consult certified financial advisors before making investment decisions. Stock market investments are subject to market risks. Past performance is not indicative of future results.
