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Gabion Technologies India SME IPO

Gabion Technologies India IPO — date, price band, GMP & allotment 2026

Gabion Technologies India specializes in manufacturing infrastructure and construction solutions, including gabions and related civil engineering products. The IPO proceeds will fund capacity expansion and technological upgrades. With India’s growing infrastructure demand, Gabion Technologies India is set to strengthen its presence in the construction sector, providing investors a chance to invest in an evolving market-driven business.

Stock price

Gabion Technologies India is listed — here is the live share price.

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The verdict
May Apply
60 / 100 · 1 review
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Grey market premium
₹31
+38% over ₹81 issue price
GMP history →
Subscribed
768.12×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹2,59,200
2 lots · 3200 shares at ₹81
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 11 September.

Key dates Listed
  1. Open 06 Jan 2026
  2. Close 08 Jan 2026
  3. Allotment 09 Jan 2026
  4. Refund/credit 12 Jan 2026
  5. Listing 13 Jan 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 6 to 8 Jan, 2026
Price Band ₹76 to 81
Face Value ₹10
Lot Size 1600 Shares
Issue Size ₹₹29 Cr. Cr
Sale Type Fresh capital only
Listing On BSE SME
Employee Discount NA
Registrar KFin Technologies Limited
Min Investment ₹ 2,59,200
Reservation
QIB 49.88%
NII 15.02%
Retail 35.1%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 1600 shares at the ₹81 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹31
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 3,200 ₹2,59,200
Retail (max) 2 3,200 ₹2,59,200
HNI (min) 3 4,800 ₹3,88,800

Three years of numbers

All figures in ₹ crore, as reported in the Gabion Technologies India offer document.

Total income
60.66
105
101
61
31 Mar 202431 Mar 202530 Nov 2025
Profit after tax
4.30
6
7
4
31 Mar 202431 Mar 202530 Nov 2025
EBITDA
10.76
13
15
11
31 Mar 202431 Mar 202530 Nov 2025
Borrowing vs net worth
52.05 / 26.33
31 Mar 202431 Mar 202530 Nov 2025
Borrowing Net worth
Metric 30 Nov 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 100.58 87.52 70.12 51.77
Total Income 60.66 101.17 104.97 78.88
Profit After Tax 4.30 6.63 5.82 3.41
EBITDA 10.76 15.06 13.16 6.39
NET Worth 26.33 22.03 15.41 9.65
Reserves and Surplus 16.32 12.02 13.71 7.97
Total Borrowing 52.05 46.71 36.37 29.46

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Gabion Technologies India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
17.04
EPS (₹)
4.75
RoCE
19.17%
RoNW
30.05%
PAT Margin
6.60%

Gabion Technologies India IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹4.75
P/E Ratio (x) 17.04
Market Cap at Offer Price (₹ Cr) ₹73.33

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹81 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹26.17 Cr of the issue is earmarked to named objects.

Working Capital Requirements ₹22.11 Cr
Meeting Capex Requirements for purchasing of plant and machinery ₹1.06 Cr
General Corporate Purposes ₹3.00 Cr

About the company

Gabion Technologies India Limited was incorporated in 2008 and is headquartered in New Delhi, established with a focus on geotechnical engineering and infrastructure solutions. Promoted and led by industry professionals including Madhusudan Sarda, the company has built expertise in manufacturing steel wire mesh gabions and related products. Over the years, it has expanded its capabilities with a manufacturing base and project execution experience across infrastructure and environmental applications.
The company operates an integrated business model covering design, manufacturing, trading, and turnkey project execution. Its product and service portfolio includes gabions, rockfall protection systems, geosynthetics, and ground improvement solutions used in roads, railways, mining, defence, and water resource projects. It caters to government bodies, contractors, and private clients, offering end-to-end solutions from engineering to installation, thereby positioning itself as a complete geotechnical solutions provider.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
ARS Merchants Pvt.Ltd, Madhusudan Sarda, Priyanandini Sarda and Urvashi Sarda
Promoter holding
100% 73.47%
Pre-issue → post-issue
Registered office
38, SF, Near MCD Park, Mohammadpur, New Delhi, New Delhi, 110066
9818793385

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
GYR Capital Advisors Pvt.Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

GYR Capital Advisors Pvt.Ltd.

10 issues handled (2 mainboard, 8 SME)
Listed in Profit 90% 9 of 10 listed
Avg Listing Gain +39.2% across 10 issues
Listed Below Issue 1 of 10 listed

Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Gabion Technologies India
Email

Frequently asked

What is the GMP of Gabion Technologies India?

The current Grey Market Premium is ₹31, or 38% over the issue price.

What is the Gabion Technologies India IPO price band?

₹76 to ₹81, on a face value of ₹10.

When is the allotment?

The basis of allotment is 9 January 2026, with listing on 13 January 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Gabion Technologies India IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹31
Subscribed
768.12×
Min bid
₹2,59,200
Size my application