The initial public offering (IPO) of Gabion Technologies Ltd created a buzz last week, receiving an incredible 826 times subscription.
The IPO, worth Rs 29.16 crore on the BSE SME platform, was priced in the range of Rs 76 to Rs 81 per share.
On the final day of bidding, investors applied for 197.97 crore shares against only 23.96 lakh shares on offer.
Retail investors: 867.23x subscription
Non-institutional investors (NII): 1,467.78x subscription
Qualified institutional buyers (QIB): 271.13x subscription
This overwhelming response reflects strong investor confidence in the company.
About Gabion Technologies
Incorporated in February 2008, Gabion Technologies India Ltd manufactures steel gabions and provides solutions in geosynthetics, geotechnical engineering, and ground improvement.
The company serves both domestic and international markets, making it a notable player in infrastructure and civil engineering sectors.
Gabion Technologies IPO Grey Market Premium
Market observers report that Gabion Technologies’ unlisted shares are trading at Rs 116 per share in the grey market, a 43% premium over the upper IPO price of Rs 81.
This indicates strong demand ahead of the BSE SME listing on January 13, 2026.
Grey market premium (GMP) reflects how much investors are willing to pay above the IPO price, based on market sentiment.
How to Check IPO Allotment Status
The IPO allotment for Gabion Technologies has been finalized.
Investors can check their status online using these options:
Via Registrar (KFintech)
Visit KFintech IPO Status
Select ‘Gabion Technologies Limited’ under ‘Select IPO’
Enter your application number, demat account, or PAN
Click Submit to view your allotment
Via BSE Website
Visit BSE IPO Allotment
Select Equity under Issue Type and choose Gabion Technologies Limited
Enter your application number or PAN
Complete the verification and click Search
Via NSE Website
Visit NSE IPO Check
Follow the instructions to check allotment status
IPO Details and Financial Performance
Gabion Technologies’ IPO is a fresh issue of 36 lakh equity shares.
The public offer was open from January 6 to January 8, 2026, and allotment was expected on January 9, 2026.
The company plans to list its shares on the BSE SME platform on January 13, 2026, at the IPO price band of Rs 76–81 per share.
Book-running lead manager: GYR Capital Advisors Pvt Ltd
Registrar: KFin Technologies Ltd
Market maker: Giriraj Stock Broking Pvt Ltd
Financial snapshot: In FY25, Gabion Technologies’ revenue fell by 4% compared with FY24, but profit after tax rose by 14%, showing improved efficiency and profitability.
