The first IPO of 2026 is here, and it’s Gabion Technologies’ turn.
The IPO will open for subscription from January 6 to January 8, 2026.
Even before the IPO opens, the company’s shares are already generating buzz in the gray market, trading at a premium of over 30%.
The total size of the IPO is up to ₹29 crore.
IPO Price and Grey Market Performance
Gabion Technologies’ IPO price is fixed at ₹81 per share.
Meanwhile, the shares are trading at a grey market premium (GMP) of ₹25, which suggests they could list around ₹106 per share when they hit the market.
The listing is expected on January 13, 2026, on the SME platform of BSE. Share allotment will be finalized on January 9, 2026.
How to Invest and About the Company
Private investors can apply for two lots, which together include 3,200 shares.
This means a minimum investment of ₹2,59,200 is required.
Gabion Technologies, incorporated in February 2008, manufactures steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services.
Their products include double twisted hexagonal steel wire mesh gabions, defense gabions, PP rope gabions, high-tensile rockfall protection nettings, and reinforced geomats.
Promoters of the company include Madhusudan Sarda, Urvashi Sarda, Priyanandini Sarda, and ARS Merchants Private Limited.
