IPO Details
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 06 to Jan 08 2026
Price Band
₹76 - 81
Current GMP
₹89.0 (+9.88%)
Subscription
825.99 times
IPO Details
| IPO Date | 6 to 8 Jan, 2026 |
| Listing Date | Tue, Jan 13, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹76 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹ 29 Cr) |
| Reserved for Market Maker | 1,80,800 shares (agg. up to ₹ 1 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 34,19,200 shares (agg. up to ₹ 28 Cr) |
| Share Holding Pre Issue | 99,75,360 shares |
| Share Holding Post Issue | 1,35,75,360 shares |
| BSE Script Code | 544675 |
| ISIN | INE1H1501013 |
IPO Date
6 to 8 Jan, 2026
Listing Date
Tue, Jan 13, 2026
Face Value
₹ 10 per share
Price Band
₹76 to ₹81
Issue Price
₹81 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
36,00,000 shares (agg. up to ₹ 29 Cr)
Reserved for Market Maker
1,80,800 shares (agg. up to ₹ 1 Cr) Giriraj Stock Broking Pvt.Ltd.
Net Offered to Public
34,19,200 shares (agg. up to ₹ 28 Cr)
Share Holding Pre Issue
99,75,360 shares
Share Holding Post Issue
1,35,75,360 shares
BSE Script Code
544675
ISIN
INE1H1501013
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 271.13 |
| Non-Institutional Buyers*** | 1,467.78 |
| bNII (bids above ₹10L) | 1,780.71 |
| sNII (bids below ₹10L) | 841.91 |
| Individual Investors | 867.21 |
| Total ** | 825.99 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
271.13
Non-Institutional Buyers***
1,467.78
bNII (bids above ₹10L)
1,780.71
sNII (bids below ₹10L)
841.91
Individual Investors
867.21
Total **
825.99
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jan 6 , 2026 (Day 1) | 1.47 | 93.60 | 104.21 | 72.38 | 82.25 | 61.66 |
| Jan 7 , 2026 (Day 2) | 6.45 | 325.83 | 372.27 | 232.94 | 275.21 | 209.45 |
| Jan 8 , 2026 (Day 3) | 271.13 | 1,467.78 | 1,780.71 | 841.91 | 867.21 | 825.99 |
DayJan 6
, 2026 (Day 1)
QIB (Ex Anchor)1.47
NII*93.60
NII (> ₹10L)104.21
NII (< ₹10L)72.38
Individual Investors82.25
Total61.66
DayJan 7
, 2026 (Day 2)
QIB (Ex Anchor)6.45
NII*325.83
NII (> ₹10L)372.27
NII (< ₹10L)232.94
Individual Investors275.21
Total209.45
DayJan 8
, 2026 (Day 3)
QIB (Ex Anchor)271.13
NII*1,467.78
NII (> ₹10L)1,780.71
NII (< ₹10L)841.91
Individual Investors867.21
Total825.99
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 13-01-2026 | 81.00 | 31(38.27%) | 112 |
| 12-01-2026 | 81.00 | 31(38.27%) | 112 |
| 11-01-2026 | 81.00 | 35(43.21%) | 116 |
| 10-01-2026 | 81.00 | 35(43.21%) | 116 |
| 09-01-2026 | 81.00 | 31(38.27%) | 112 |
| 08-01-2026 | 81.00 | 32(39.51%) | 113 |
| 07-01-2026 | 81.00 | 30(37.04%) | 111 |
| 06-01-2026 | 81.00 | 30(37.04%) | 111 |
| 05-01-2026 | 81.00 | 30(37.04%) | 111 |
| 04-01-2026 | 81.00 | 27(33.33%) | 108 |
| 03-01-2026 | 81.00 | 27(33.33%) | 108 |
| 02-01-2026 | 81.00 | 25(30.86%) | 106 |
| 01-01-2026 | 81.00 | 25(30.86%) | 106 |
| 31-12-2025 | 81.00 | 25(30.86%) | 106 |
Date13-01-2026
Price81.00
GMP31(38.27%)
Estimate List Price112
Date12-01-2026
Price81.00
GMP31(38.27%)
Estimate List Price112
Date11-01-2026
Price81.00
GMP35(43.21%)
Estimate List Price116
Date10-01-2026
Price81.00
GMP35(43.21%)
Estimate List Price116
Date09-01-2026
Price81.00
GMP31(38.27%)
Estimate List Price112
Date08-01-2026
Price81.00
GMP32(39.51%)
Estimate List Price113
Date07-01-2026
Price81.00
GMP30(37.04%)
Estimate List Price111
Date06-01-2026
Price81.00
GMP30(37.04%)
Estimate List Price111
Date05-01-2026
Price81.00
GMP30(37.04%)
Estimate List Price111
Date04-01-2026
Price81.00
GMP27(33.33%)
Estimate List Price108
Date03-01-2026
Price81.00
GMP27(33.33%)
Estimate List Price108
Date02-01-2026
Price81.00
GMP25(30.86%)
Estimate List Price106
Date01-01-2026
Price81.00
GMP25(30.86%)
Estimate List Price106
Date31-12-2025
Price81.00
GMP25(30.86%)
Estimate List Price106
IPO Important Dates
| IPO Open | Tue, Jan 6, 2026 |
| IPO Close | Thu, Jan 8, 2026 |
| Allotment | Fri, Jan 9, 2026 |
| Refund | Mon, Jan 12, 2026 |
| Credit of Shares | Mon, Jan 12, 2026 |
| Listing | Tue, Jan 13, 2026 |
IPO Open
Tue, Jan 6, 2026
IPO Close
Thu, Jan 8, 2026
Allotment
Fri, Jan 9, 2026
Refund
Mon, Jan 12, 2026
Credit of Shares
Mon, Jan 12, 2026
Listing
Tue, Jan 13, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 4,800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 11,200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 12,800 | ₹10,36,800 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,59,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,59,200
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹3,88,800
ApplicationS-HNI (Max)
Lots7
Shares11,200
Amount₹9,07,200
ApplicationB-HNI (Min)
Lots8
Shares12,800
Amount₹10,36,800
Key Performance Indicator
| ROCE | 19.17% |
| Debt/Equity | 2.12 |
| RoNW | 30.05% |
| PAT Margin | 6.60% |
| EBITDA Margin | 14.89% |
| Price to Book Value | 3.67 |
ROCE
19.17%
Debt/Equity
2.12
RoNW
30.05%
PAT Margin
6.60%
EBITDA Margin
14.89%
Price to Book Value
3.67
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Gabion Technologies India Ltd. | 6.64 | 6.64 | 22.08 | 30.05 | ||
| SRM Contractors Ltd. | 23.97 | 23.97 | 120.09 | 22.40 | 19.96 | 4.47 |
Company NameGabion Technologies India Ltd.
EPS (Basic)6.64
EPS (Diluted)6.64
NAV (₹ per share)22.08
P/E (x)
RoNW (%)30.05
P/BV Ratio
Company NameSRM Contractors Ltd.
EPS (Basic)23.97
EPS (Diluted)23.97
NAV (₹ per share)120.09
P/E (x)22.40
RoNW (%)19.96
P/BV Ratio4.47
IPO Reservation
| Market Maker Shares Offered | 1,80,800 (5.02%) |
| 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 (HNI) 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%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Market Maker Shares Offered
1,80,800 (5.02%)
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 (HNI) 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%)
Total Shares Offered
36,00,000 (100.00%)
Information about 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.
The company serves various sectors, including infrastructure, retaining walls, slopes, rockfall protection, irrigation, and mining.
The company has completed 76 projects with a total contract value of Rs 12,760.59 lakhs, including 36 in roads, 12 in railways, 8 in private commercial, 9 in energy, 3 in mining, 3 in airports, 3 in defence, and 2 in water resources.
Product Portfolio: Gabion boxes, revet mattresses, DT mesh netting, sack gabions, tailmesh fascia units, high-tensile rockfall protection netting, 3D geo-composite geomats, rockfall barriers, geotextiles, geobags, HDPE geomembranes, PET geogrids, PP geogrids, jute geotextiles, coir mats, 3D drain sheets, concrete geomats, and steel anchors.
As of November 30, 2025, the company had 159 full-time employees. They also hire contractual workers as needed, based on site requirements.
Company Strength:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 22.11 2 Meeting Capex Requirements for purchasing of plant and machinery 1.06 3 General Corporate Purposes 3.00
Disclaimer
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