Gabion Technologies India was incorporated on February 18, 2008. The company is engaged in the manufacturing, design, trading, and installation of gabions, rockfall protection nettings, and geosynthetic materials. Its offerings cater to civil engineering, infrastructure development, and environmental protection projects
| Bidding Dates |
|---|
| 06 Jan 2026 - 08 Jan 2026 |
| Subscription |
|---|
| 768.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,43,200 | 2 | 2 | 1600 | 3.6 M | ₹76 - ₹81 | 73.48 % | ₹273.6 M - ₹291.6 M | RHP DOC |
Gabion Technologies IPO SUBSCRIPTION STATUS
08 Jan '26Gabion Technologies IPO overall subscription rate was 768.12 times the total available shares
Gabion Technologies IPO retail subscription rate was 1153.51 times in the retail segment
Gabion Technologies IPO non-institutional investor subscription rate was 1950.22 times in the non-institutional investor category
Gabion Technologies IPO Qualified Institutional Bidder subscription rate was 143.73 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Jan 2026 (Day 3) | 1153.51x | 1950.22x | 143.73x |
07 Jan 2026 (Day 2) | 366.07x | 433.29x | 3.42x |
06 Jan 2026 (Day 1) | 109.4x | 124.34x | 0.78x |
Gabion Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 8MFY26 | 60.4 | 4.3 | -0.2 | -2.2 | 17.7% |
| FY25 | 100.4 | 6.6 | -3.6 | -6.7 | 14.9% |
| FY24 | 104.8 | 5.8 | -1.8 | -3.4 | 12.5% |
| FY23 | 78.8 | 3.4 | -4.3 | -25.7 | 8.1% |
Gabion Technologies IPO SUBSCRIPTION STATUS DETAILS
Gabion Technologies had 3.6 M shares on offer
Gabion Technologies IPO offer price was in the range ₹76 - ₹81
Gabion Technologies IPO minimum Investment was ₹243200
Gabion Technologies IPO issue size was ₹ 273.6 M - ₹ 291.6 M
Gabion Technologies had a minimum lot size of 1600 Shares per application
Gabion Technologies NUMBER OF SHARES ON OFFER
Gabion Technologies IPO IMPORTANT DATES
| Issue Open Date | 06 Jan 2026 |
| Issue close Date | 08 Jan 2026 |
| Allotment Date | 09 Jan 2026 |
| Refund Date | 12 Jan 2026 |
| Demat Account Credit Date | 12 Jan 2026 |
| Listing Date | 13 Jan 2026 |
| Listing on Exchange(s) | BSE |
| Gabion Technologies Allotment Status | Exchange/ Registrar |
Gabion Technologies IPO subscription opened on 06 Jan 2026, and closed on 08 Jan 2026
IPO allotment for Gabion Technologies was finalized on Friday, 09 Jan 2026
IPO listing for Gabion Technologies was on BSE on Tuesday, 13 Jan 2026
Gabion Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 89.0 |
| Listing Close Price | 93.4 |
| Listing Gain% | 9.9% |
| Current Gain% | -0.8% |
Gabion Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gabion Technologies India Ltd. | 80.3 | 109.1 | 13.4 | 0.6 | 0.9 | 14.3 | 6.6 | 115.6 | 14.2 | 8.1 | 22.5 | 6 | 22.5 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Gabion Technologies INFORMATION ON IPO ISSUE
About Gabion Technologies
Gabion Technologies India was incorporated on February 18, 2008. The company is engaged in the manufacturing, design, trading, and installation of gabions, rockfall protection nettings, and geosynthetic materials. Its offerings cater to civil engineering, infrastructure development, and environmental protection projects
Object of the Issue
- Funding working capital requirements of the company
- To meet capex requirement for purchasing plant and machinery
- To meet general corporate purposes
Gabion Technologies - PROMOTERS
| Name |
|---|
| Madhusudan Sarda |
| Urvashi Sarda |
| Priyanandini Sarda |
| ARS Merchants Private Limited |
Gabion Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Madhusudan Sarda | Chairman & Managing Director |
| Urvashi Sarda | Whole time Director |
| Priyanandini Sarda | Non - Executive Director |
| Vineeta Gautam | Independent Director |
| Rajagopal Karpurapu | Independent Director |
| Yumnam Joykumar Singh | Independent Director |
Gabion Technologies Book Running Lead Manager
GYR Capital Advisors Private Limited
gabiontechnologies.ipo@gyrcapitaladvisors.in
Gabion Technologies Registrar to the issue
KFIN Technologies Limited
gabion.ipo@kfintech.com
Gabion Technologies Strengths
Quality
The company follows strict quality control at every stage of production, ensuring gabions and related products meet international ASTM, EN, and IS standards. This focus on quality ensures durability, corrosion resistance, and reliable performance in demanding infrastructure environments
In-house design & execution team
The company has a skilled and experienced team capable of designing and executing complex infrastructure solutions, including retaining walls, slope stabilization, and advanced geotechnical projects, with designs approved by reputed institutions such as IITs and MoRTH engineers. It also integrates modern technologies like reinforced soil slopes, ash pond dyke stabilization, and geomembrane systems to deliver innovative, reliable, and compliant engineering solutions
Manufacturer & contractor
The company follows an integrated manufacturing and contracting model, producing its own products and using them in government and private sector projects. This approach ensures quality control, cost efficiency, and a competitive advantage while supporting long-term growth and a strong market reputation
Gabion Technologies Risks
Competition
The company operates in a highly competitive gabion manufacturing industry with low entry barriers, where intense competition from existing and new players may impact market share and profitability. Failure to differentiate products, control costs, or adapt to customer and industry trends could adversely affect its business, financial performance, and growth prospects
Approvals & licences
The company requires multiple statutory approvals, licenses, and permits to operate, many of which are subject to periodic renewal. Any failure to obtain, renew, or retain these approvals could delay operations and adversely impact its business, financial performance, and prospects
Working capital intensive
The company’s business is working capital intensive with long project implementation periods, requiring substantial financing and exposing it to funding constraints. Increasing working capital requirements and restrictions under financing arrangements may adversely affect operations and financial performance
IPO FAQs
The promoters of the company are Madhusudan Sarda, Urvashi Sarda, Priyanandini Sarda and ARS Merchants Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 81.0.
The IPO application opens on Jan 06, 2026 and closes on Jan 08, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 243,200.0, the maximum value for this IPO is Rs 259,200.0.
This IPO will be allotted on Jan 09, 2026.
The refund will be credited to your account on Jan 12, 2026.
The allotted shares will be credited to your demat on Jan 12, 2026.
Gabion Technologies India Ltd.’s shares listed on the stock exchanges on Jan 13, 2026.