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Gabion Technologies IPO GMP, Price, Analysis & Details

Gabion Technologies India IPO, classified under the SME IPO category, is a book-built issue of Rs. 29.16 Cr by Gabion Technologies India Limited. The company is engaged in manufacturing steel gabions and also provides geosynthetics, geotechnical engineering, and ground improvement services.

It manufactures Double Twisted Hexagonal Steel Wire Mesh Gabions, Defence Gabions, PP Rope Gabions, high-tensile rockfall protection nettings, reinforced geomats, and high-strength flexible geogrids for government agencies, departments, and private sector clients, including contractors and consultants operating in the fields of geosynthetics, geotechnical engineering, and ground improvement technology.

The company caters to industries such as construction, mining, irrigation, rockfall protection, and others.

Product Catalogue:

Gape covers, revet mattresses gabions, double twisted mesh nettings, sack gabions, tail mesh fascias, high tensile rockfall netters, three-dimensional geo-composite geomats, rockfall barriers, geotextile bags, geobags, polypropylene geogrids, PET geogrids, coir geotextiles, jute geotextile mats, three-dimensional drain mats, concrete geomats, steel anchors, and 3D geomats.

Gabion Technologies India IPO Details

The Gabion Technologies India IPO will open on 06 Jan 2026 and close on 08 Jan 2026. The IPO allotment is scheduled for 09 Jan 2026, while refund initiation is expected on 12 Jan 2026.

This SME IPO of Rs. 29.16 crore consists entirely of a fresh issue of 0.36 crore shares.

The expected listing date for the Gabion Technologies India IPO is Tuesday, 13 Jan 2026, with shares proposed to be listed on the BSE SME platform.

The price band for the Gabion Technologies India IPO is fixed at Rs. 76 to Rs. 81.

IPO Timetable (Tentative)

Events Date
IPO Opening DateJan 06, 2026
IPO Closing DateJan 08, 2026
IPO Allotment Date Jan 09, 2026
Refund Initiation Jan 12, 2026
IPO Listing DateJan 13, 2026

Company Financials

(Amount in Cr)

Particulars31 Mar 202531 Mar 202431 Mar 2023
Assets87.5270.1251.77
Total Income101.17104.9778.88
PAT6.635.823.41
EBITDA15.0613.166.39
Net Worth22.0315.419.65
Reserves & Surplus12.0213.717.97
Total Borrowing46.7136.3729.46

Cash Flows

(Amount in lac)

Net Cash Flow 31 Mar 202531 Mar 202431 Mar 2023
Net Cash Flow Operating Activities(362.56)(184.73)(431.37)
Net Cash Flow Investing Activities(293.95)(146.45)(2,143.76)
Net Cash Flow Financing Activities612.22339.261,976.37

Revenue Bifurcation

(Rs. in Lac)

                                    (Source: RHP)

The Objective of the Issue

The company proposes to utilise the Net Proceeds from the Issue for the following objectives:

  • To meet its working capital requirements, amounting to approximately Rs. 22.11 Cr.
  • To fund capital expenditure for the purchase of plant and machinery, amounting to approximately Rs. 1.06 Cr.
  • General corporate purposes.

Listed Peers of Gabion Technologies India Ltd.

Name of the CompanyFace Value (Rs.)EPS (Rs.)P/E Ratio (x)
SRM Contractors Limited1023.9722.40

Valuation

KPIValue
ROCE19.17%
Debt / Equity2.12
RoNW30.05%
PAT Margin6.60%
EBITDA Margin14.89%
Price to Book Value3.67

Evaluation of P/E Ratio

Considering the period ended FY 2025, with an EPS of Rs. 6.64 from the previous year, the resulting P/E ratio stands at 12.19x.

IPO's Strengths

  • In-house team with strong expertise in design and execution.
  • Dual role as both producer and contractor enables delivery of superior, contract-specific products.
  • Large and diversified client base.
  • Competitive cost structure.
  • High-quality products.

IPO’s Weaknesses  

  • Limited availability of funds.
  • Restricted production capacity for related products.
  • Challenges in hiring and retaining skilled human resources due to the relatively small size of the business.
  • Delays in upgrading plant and machinery could reduce the company’s competitive advantage.

Gabion Technologies India IPO GMP (Grey Market Premium)

Gabion Technologies India IPO GMP stands at Rs. 30.00 as of 08 Jan 2026, at the time of writing this information.

Gabion Technologies India IPO Summary

IPO Opening & Closing Date 06 Jan, 2026 to 08 Jan, 2026
Face Value Rs. 10 per Share
Issue PriceRs. 76 to Rs. 81 per Share.
Lot Size1600 Shares
Issue Size36,00,000 Shares (Rs. 29 Cr)
Offer for Sale -
Fresh Issue 36,00,000 Shares (Rs. 29 Cr)
Listing atBSE, SME
Issue Type Bookbuild issue IPO
Registrar Kfin Technologies Ltd.

IPO Lot Details 

Retail investors can apply for a minimum of 2 lots (3,200 shares) amounting to Rs. 2,59,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 lots (4,800 shares) for Rs. 3,88,800.

Minimum Lot Investment (Retail) 2 Lots
Maximum Lot Investment (Retail) 2 Lots
HNI (Min)3 Lots

Gabion Technologies India IPO Allotment Status

To check the Gabion Technologies India IPO allotment status, visit the official registrar’s website or the BSE website. Below are the links for your reference:

BSE Website - ​BSE IPO allotment status

Promoters And Management of Gabion Technologies India Ltd.

  • Mr. Madhusudan Sarda
  • Mrs. Urvashi Sarda
  • Ms. Priyanandini Sarda
  • M/s. ARS Merchants Private Limited.
Pre-Issue Promoter Shareholding100%
Post-Issue Promoter Shareholding-

IPO Lead Managers

  • GYR Capital Advisors Pvt. Ltd. 

Dividend Policy

The company has not declared or paid any dividend during the last three financial years.

Conclusion

The Gabion Technologies India IPO offers exposure to the growing geosynthetics and infrastructure solutions market, supported by a diverse product range and government-linked demand. While high debt levels and cash flow pressures remain key challenges, the company’s profitability is improving, and its valuation is reasonable for an SME IPO. Investors with a long-term perspective and higher risk tolerance should carefully consider the company’s scalability and execution capabilities before investing.

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