Gabion Technologies IPO was launched through the Book Built SME route by Gabion Technologies India Limited. The public issue consisted entirely of a fresh issue of equity shares. Through the IPO, the company planned to raise funds for business expansion, strengthening working capital, and supporting general corporate purposes. Following the successful completion of the public issue, the company’s equity shares were listed on the BSE SME platform.
Gabion Technologies India Limited operates in the infrastructure and engineering solutions industry by supplying products used for erosion control, slope stabilisation, retaining structures, riverbank protection, soil reinforcement, and other geotechnical applications. The company provides engineered solutions for infrastructure projects undertaken by government departments, construction companies, infrastructure developers, and engineering contractors across India.
The company’s product portfolio includes gabion boxes, gabion mattresses, geotextiles, geogrids, erosion control systems, retaining wall solutions, and other geotechnical products used in highways, railways, bridges, irrigation projects, mining operations, and water management infrastructure. Its solutions are designed to improve structural stability, minimise soil erosion, and enhance the durability of civil engineering projects.
Gabion Technologies India Limited continues to strengthen its business by expanding its product range, improving operational efficiency, investing in quality management systems, and enhancing customer relationships. The company also focuses on increasing its participation in infrastructure development projects while maintaining high standards of engineering support and product quality.
India’s infrastructure sector continues to witness significant investments in transportation networks, water conservation, urban development, highways, railways, irrigation systems, and public infrastructure projects. Increasing government expenditure and private sector participation are expected to generate long-term opportunities for companies operating in the geotechnical engineering and infrastructure solutions industry.
Since the IPO has already been completed and the company’s shares are listed on the stock exchange, investors should carefully evaluate the company’s financial performance, project execution capabilities, operational efficiency, valuation, competitive position, and long-term business prospects before making an investment decision.
Gabion Technologies IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Gabion Technologies IPO |
| Company Name | Gabion Technologies India Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹76 to ₹81 Per Share |
| Issue Size | ₹29.16 Crore |
| Fresh Issue | 36,00,000 Equity Shares |
| Offer for Sale | Nil |
| Total Issue Size | 36,00,000 Equity Shares (₹29.16 Crore) |
| IPO Open Date | 6 January 2026 |
| IPO Close Date | 8 January 2026 |
| Basis of Allotment | 9 January 2026 |
| Refund Initiation | 12 January 2026 |
| Shares Credited to Demat Account | 12 January 2026 |
| Listing Date | 13 January 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,600 Equity Shares |
| Registrar | Maashitla Securities Private Limited |
| Book Running Lead Manager | Finshore Management Services Limited |
The IPO consisted entirely of a fresh issue of equity shares without any Offer for Sale by existing shareholders. The funds raised through the public issue were proposed to support business expansion, strengthen working capital requirements, and meet general corporate purposes.
Gabion Technologies IPO Dates
The key events relating to the Gabion Technologies IPO are provided below.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 6 January 2026 |
| IPO Closing Date | 8 January 2026 |
| Basis of Allotment | 9 January 2026 |
| Refund Initiation | 12 January 2026 |
| Shares Credited to Demat Account | 12 January 2026 |
| Listing Date | 13 January 2026 |
After the allotment process was completed, successful applicants received the allotted equity shares in their demat accounts before trading commenced on the BSE SME platform. Applicants who did not receive an allotment were issued refunds according to the prescribed IPO schedule.
Gabion Technologies IPO Reservation
The equity shares offered through the public issue were reserved for different categories of investors in accordance with the applicable SME IPO regulations.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category depended on the number of valid applications received during the subscription period and the applicable regulatory guidelines governing SME public issues.
Gabion Technologies IPO Lot Size
Applications for the IPO were accepted only in the prescribed lot size announced before the issue opened for subscription.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 2 Lots (3,200 Shares) | ₹2,59,200 |
| Retail Maximum | 2 Lots (3,200 Shares) | ₹2,59,200 |
| HNI Minimum | 3 Lots (4,800 Shares) | ₹3,88,800 |
The investment values shown above are calculated using the upper price band of ₹81 per equity share. Investors were required to apply in multiples of the prescribed lot size while submitting their IPO applications.
About Gabion Technologies India Limited
Gabion Technologies India Limited is an Indian engineering company engaged in providing geotechnical and infrastructure solutions for civil construction projects. The company supplies engineered products that are widely used for soil stabilisation, erosion control, retaining structures, riverbank protection, slope reinforcement, drainage systems, and other infrastructure applications. Its solutions support the construction and maintenance of transportation networks, irrigation projects, mining sites, water management systems, and urban infrastructure.
The company offers a broad portfolio of products designed to improve structural stability and enhance the durability of civil engineering projects. By combining engineering expertise with quality-controlled products, Gabion Technologies India Limited serves government organisations, infrastructure developers, engineering consultants, contractors, and construction companies across multiple sectors.
The company continues to strengthen its operations by expanding its product portfolio, improving project execution capabilities, enhancing quality management systems, and increasing its presence in infrastructure development projects. Continuous investment in operational efficiency and customer-focused engineering solutions supports its long-term growth strategy.
Business Operations
Gabion Technologies India Limited operates across multiple segments of the infrastructure and geotechnical engineering industry.
- Gabion Solutions – The company supplies gabion boxes, gabion mattresses, and related products used for erosion control, retaining walls, and riverbank protection.
- Geosynthetic Products – It provides geotextiles, geogrids, geomembranes, and other geotechnical materials for civil engineering and infrastructure projects.
- Slope Protection Systems – The company offers engineered solutions designed to stabilise slopes and minimise soil erosion in construction projects.
- Retaining Wall Solutions – It supplies products used in retaining structures for highways, railways, bridges, mining projects, and urban infrastructure.
- River and Water Management Projects – The company supports projects involving riverbank protection, canal strengthening, flood control, and water conservation infrastructure.
- Infrastructure Project Support – Its products are supplied for highways, railways, bridges, irrigation systems, industrial developments, and public infrastructure projects.
- Engineering and Technical Assistance – The company provides technical guidance and product recommendations based on project-specific engineering requirements.
- Quality Assurance – Products undergo quality inspections to ensure compliance with engineering specifications and applicable industry standards.
- Logistics and Supply Chain Management – Efficient procurement, inventory management, and timely delivery support project execution across different regions.
- Business Expansion – The company continues to expand its market presence by strengthening customer relationships and participating in new infrastructure projects.
Industry Overview
India’s infrastructure sector plays a significant role in supporting economic growth through continuous investment in highways, railways, bridges, irrigation systems, urban development, mining, and water resource management. Geotechnical engineering products have become increasingly important for improving structural stability, preventing soil erosion, and enhancing the durability of infrastructure projects.
Government initiatives promoting infrastructure development, smart cities, transportation networks, flood management, and water conservation continue to generate long-term demand for specialised engineering products. Increasing investment from both the public and private sectors is expected to support sustained growth across the construction and infrastructure industries.
Companies with diversified product portfolios, strong engineering expertise, efficient supply chain management, and the ability to execute infrastructure projects are expected to benefit from the long-term expansion of India’s civil engineering and geotechnical solutions market.
Business Strategy
Gabion Technologies India Limited aims to strengthen its position in the infrastructure and geotechnical engineering industry by expanding its product portfolio, improving operational efficiency, and increasing participation in infrastructure projects across India. The company continues to invest in quality management systems, engineering capabilities, supply chain improvements, and customer support to enhance its competitive position.
The management also focuses on building long-term relationships with infrastructure developers, government agencies, engineering consultants, and construction companies while improving project execution efficiency and expanding into new geographical markets. Continuous investment in product quality, engineering innovation, and operational excellence remains a key component of the company’s long-term growth strategy.
By combining engineering expertise, quality-focused operations, diversified infrastructure solutions, and efficient project support services, Gabion Technologies India Limited aims to strengthen its presence in India’s growing infrastructure sector while achieving sustainable long-term business growth.
Gabion Technologies IPO Financial Information
A company’s financial performance provides valuable insight into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple financial years helps investors understand how effectively the company generates revenue, manages operating expenses, and utilises its capital. Financial performance should always be analysed together with the company’s business model, industry outlook, competitive position, and future growth strategy before making an investment decision.
Gabion Technologies Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹68.92 Crore | ₹96.74 Crore | ₹138.65 Crore |
| Total Income | ₹69.41 Crore | ₹97.58 Crore | ₹139.84 Crore |
| EBITDA | ₹8.46 Crore | ₹12.93 Crore | ₹19.54 Crore |
| Profit Before Tax (PBT) | ₹5.94 Crore | ₹9.36 Crore | ₹14.28 Crore |
| Profit After Tax (PAT) | ₹4.43 Crore | ₹6.98 Crore | ₹10.67 Crore |
| Net Worth | ₹19.82 Crore | ₹27.46 Crore | ₹38.74 Crore |
| Total Borrowings | ₹11.58 Crore | ₹10.82 Crore | ₹9.46 Crore |
Gabion Technologies India Limited has reported steady growth in revenue, profitability, and net worth during the last three financial years. The company has also maintained a balanced borrowing position while expanding its business operations. Investors should evaluate these financial results together with the company’s project execution capabilities, operational efficiency, customer base, and long-term business strategy before making an investment decision.
Gabion Technologies IPO Key Performance Indicators (KPIs)
Key financial ratios provide additional insight into the company’s profitability, capital efficiency, financial strength, and overall operating performance. These indicators help investors evaluate the company’s financial position and valuation.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 27.54% |
| Return on Capital Employed (ROCE) | 31.18% |
| Return on Net Worth (RONW) | 27.54% |
| EBITDA Margin | 13.97% |
| PAT Margin | 7.63% |
| Debt-to-Equity Ratio | 0.24 |
| Earnings Per Share (EPS) | ₹9.84 |
| Net Asset Value (NAV) Per Share | ₹35.76 |
| Price to Earnings (P/E) | 8.23x |
The financial ratios indicate healthy profitability, efficient utilisation of capital, and a balanced financial structure. Consistent earnings growth, improving net worth, and manageable debt levels strengthen the company’s financial profile. However, investors should analyse these indicators together with the company’s valuation, competitive environment, operational performance, and future growth opportunities before making an investment decision.
Objects of the Gabion Technologies IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Meeting working capital requirements.
- Expanding business operations.
- Funding general corporate purposes.
The proposed utilisation of the IPO proceeds is expected to strengthen the company’s working capital position, improve operational efficiency, support business expansion, and provide additional financial flexibility for future growth. These initiatives are intended to enhance the company’s ability to execute infrastructure projects while strengthening its long-term position in the geotechnical engineering and infrastructure solutions industry.
Gabion Technologies IPO Listing Performance
The listing performance reflects how the company’s shares performed on the stock exchange on the first day of trading after the IPO process was completed. While listing gains or discounts indicate initial investor sentiment, long-term shareholder returns depend on the company’s financial performance, project execution capabilities, operational efficiency, customer relationships, and future business growth.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 13 January 2026 |
| Issue Price | ₹81 Per Share |
| Listing Price | ₹97.20 Per Share |
| Listing Gain | ₹16.20 Per Share |
| Listing Gain (%) | 20.00% |
Gabion Technologies India Limited made a positive debut on the BSE SME platform by listing at a premium over its issue price. The listing reflected healthy investor participation during the IPO. However, the company’s long-term market performance will depend on its ability to execute infrastructure projects efficiently, expand its customer base, maintain profitability, and capitalise on opportunities in India’s infrastructure and engineering sectors.
Gabion Technologies IPO Subscription Status
The subscription figures indicate the level of investor participation during the IPO bidding period. Although strong subscription generally reflects positive market sentiment, investors should also evaluate the company’s financial performance, valuation, execution capability, and long-term business outlook before making an investment decision.
Gabion Technologies IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 38.41 Times |
| Non-Institutional Investors (NII) | 112.86 Times |
| Retail Individual Investors (RII) | 87.42 Times |
| Total Subscription | 71.93 Times |
The IPO attracted strong participation across all investor categories. The Non-Institutional Investor segment recorded the highest subscription, while Retail Individual Investors and Qualified Institutional Buyers also showed robust demand. The overall subscription reflected broad investor interest in the company’s public issue.
Gabion Technologies IPO Review
Gabion Technologies India Limited operates in the infrastructure and geotechnical engineering sector by supplying products and engineered solutions used in erosion control, slope stabilisation, retaining structures, riverbank protection, soil reinforcement, and civil construction projects. Its diversified product portfolio enables the company to serve infrastructure developers, engineering consultants, government agencies, and construction contractors across multiple sectors.
The company follows an integrated business model that combines product supply, engineering support, quality management, logistics, and project execution assistance. Continuous investment in operational efficiency, customer relationships, and product development supports its long-term growth strategy.
From a financial perspective, the company has reported consistent growth in revenue, profitability, and net worth over recent financial years. The proposed utilisation of IPO proceeds towards strengthening working capital, supporting business expansion, and meeting general corporate purposes is expected to enhance operational capabilities and support future growth.
However, investors should also consider factors such as project execution risks, dependence on infrastructure spending, fluctuations in raw material prices, competitive pressures, regulatory changes, and economic conditions before making an investment decision.
Overall, Gabion Technologies India Limited operates in an industry expected to benefit from continued investment in highways, railways, irrigation, water management, and public infrastructure. Investors should carefully evaluate the company’s financial performance, valuation, operational capabilities, competitive position, and long-term growth prospects before considering an investment.
Gabion Technologies IPO Strengths
Gabion Technologies India Limited has built its business through engineering expertise, diversified infrastructure solutions, and quality-focused operations.
- Experienced provider of geotechnical and infrastructure engineering solutions.
- Diversified product portfolio serving multiple infrastructure sectors.
- Consistent growth in revenue and profitability over recent financial years.
- Strong focus on quality standards and project execution capabilities.
- Benefits from increasing investment in infrastructure and civil engineering projects.
- Long-term opportunities supported by government infrastructure development initiatives.
Gabion Technologies IPO Risk Factors
Like other companies operating in the infrastructure engineering industry, Gabion Technologies India Limited faces several operational and business risks that investors should evaluate carefully.
- Revenue growth depends on continued infrastructure and construction activity.
- Delays in project execution may affect business performance and profitability.
- Fluctuations in raw material prices could impact operating margins.
- Intense competition within the engineering and infrastructure solutions industry may affect market share.
- Dependence on government infrastructure spending may influence future order inflows.
- Economic slowdowns or reduced capital expenditure may adversely impact demand for engineering solutions.
Gabion Technologies IPO Promoters
Gabion Technologies India Limited is promoted by experienced professionals with expertise in infrastructure development, engineering solutions, project management, and business operations. The promoters have played an important role in establishing the company’s product portfolio, strengthening customer relationships, expanding operational capabilities, and supporting long-term business growth. Their focus remains on operational excellence, quality improvement, engineering innovation, and sustainable expansion.
Gabion Technologies IPO Promoters Details
| Promoter | Designation |
|---|---|
| Gaurav Gupta | Promoter & Managing Director |
| Bhavika Gupta | Promoter & Whole-Time Director |
Gabion Technologies IPO Management Team
The company is managed by professionals with experience in engineering, infrastructure projects, finance, operations, quality management, procurement, and corporate governance. The management team focuses on improving operational efficiency, strengthening project execution, maintaining quality standards, and supporting the company’s long-term growth objectives.
| Name | Designation |
|---|---|
| Gaurav Gupta | Managing Director |
| Bhavika Gupta | Whole-Time Director |
| Rajesh Mehta | Chief Financial Officer |
| Pooja Shah | Company Secretary & Compliance Officer |
Gabion Technologies IPO Registrar Details
The registrar managed the IPO application process, finalised the basis of allotment, credited shares to successful applicants, initiated refunds where applicable, and handled investor-related services during the public issue.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | https://www.maashitla.com |
| IPO Allotment Status | https://maashitla.com/allotment-status |
| Email ID | [email protected] |
| Contact Number | +91-33-4064 5405 |
Gabion Technologies IPO Lead Manager Details
The Book Running Lead Manager coordinated the IPO process, ensured regulatory compliance, managed issue-related activities, and assisted the company throughout the public offering and listing process.
| Particular | Details |
|---|---|
| Lead Manager | Finshore Management Services Limited |
| Website | https://www.finshoregroup.com |
| Email ID | [email protected] |
| Contact Number | +91-33-2282 9335 |
Gabion Technologies India Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Gabion Technologies India Limited |
| Registered Office | Ahmedabad, Gujarat, India |
| Website | https://www.gabiontechnologies.com |
| Email ID | [email protected] |
How to Check Gabion Technologies IPO Allotment Status
Investors could check the IPO allotment status after the basis of allotment was finalised through the registrar’s website or the BSE IPO portal.
Through Maashitla Securities Private Limited
- Visit the official IPO allotment portal of Maashitla Securities Private Limited.
- Select Gabion Technologies IPO from the list of available IPOs.
- Choose any one of the available search options such as Application Number, PAN, or DP/Client ID.
- Enter the required details in the respective field.
- Click on Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Equity as the issue type.
- Choose Gabion Technologies IPO from the company list.
- Enter your Application Number or PAN Number.
- Complete the verification process.
- Click on Search to check your allotment status.
Frequently Asked Questions (FAQs)
What is the Gabion Technologies IPO?
Gabion Technologies IPO was a Book Built SME public issue consisting entirely of a fresh issue of equity shares.
What was the price band of the Gabion Technologies IPO?
The IPO was offered at a price band of ₹76 to ₹81 per equity share.
What was the issue size of the Gabion Technologies IPO?
The total issue size of the IPO was ₹29.16 Crore.
When did the Gabion Technologies IPO open and close?
The IPO opened for subscription on 6 January 2026 and closed on 8 January 2026.
On which stock exchange are Gabion Technologies shares listed?
The company’s equity shares are listed on the BSE SME platform.
Who was the registrar for the Gabion Technologies IPO?
Maashitla Securities Private Limited acted as the registrar to the issue.
Who was the Book Running Lead Manager for the Gabion Technologies IPO?
The IPO was managed by Finshore Management Services Limited as the Book Running Lead Manager.
What was the minimum lot size for the Gabion Technologies IPO?
The minimum application size was 2 lots comprising 3,200 equity shares.
What does Gabion Technologies India Limited do?
The company provides geotechnical products and engineering solutions used for erosion control, slope protection, retaining structures, soil reinforcement, riverbank protection, and infrastructure development projects.
What were the objectives of the Gabion Technologies IPO?
The company proposed to utilise the IPO proceeds for business expansion, meeting working capital requirements, and funding general corporate purposes.
