Gabion Technologies IPO
07,January 2026. By -Kaushik
Gabion Technologies India Limited, a specialized player in the geotechnical and infrastructure protection sector, launched its Initial Public Offering (IPO) as an SME issue on the BSE SME platform. The company focuses on manufacturing and installing gabions, rockfall protection systems, geosynthetics, and related solutions for critical infrastructure projects across India. Incorporated in 2008 and headquartered in New Delhi, Gabion Technologies has established a strong presence in slope stabilization, erosion control, river training, and environmental protection works.
With India’s massive infrastructure push—including roads, railways, defense, airports, and irrigation—the demand for such niche engineering solutions is rising steadily. Gabion Technologies operates a manufacturing unit in Paonta Sahib, Himachal Pradesh, and has executed over 75 projects across 29 states and Union Territories. The company holds key certifications like ISO 9001:2015, ISO 14001:2015, and IS 16014:2018, underscoring its commitment to quality and sustainability.
IPO Key Details and Timeline
The Gabion Technologies IPO is a 100% fresh issue aimed at raising funds for business expansion. Here are the essential details:
Issue Size — ₹29.16 crore (approximately ₹29 crores)
Fresh Issue — 36,00,000 equity shares
Face Value — ₹10 per share
Price Band — ₹76 to ₹81 per share
IPO Open Date — January 6, 2026
IPO Close Date — January 8, 2026
Allotment Date — January 9, 2026
Listing Date — January 13, 2026 (on BSE SME)
Lot Size — 1,600 shares (minimum application for retail investors: 2 lots, amounting to ₹2,59,200 at the upper price band)
Reservation — QIB: ~50%, Retail: ~35%, NII/HNI: ~15%
The proceeds will primarily fund working capital requirements (around ₹22 crore), with the remainder allocated to capital expenditure for plant and machinery, and general corporate purposes. This positions the company to scale operations amid growing government infrastructure spending.
Financial Performance and Growth Prospects
Gabion Technologies has shown resilience in a competitive sector. For FY25 (ended March 2025), the company reported revenue of approximately ₹101.17 crores (down 4% from ₹104.97 crores in FY24), but profit after tax (PAT) increased by 14% to ₹6.63 crores from ₹5.82 crores. This improvement reflects better margins, operational efficiency, and a shift toward higher-value projects.
In the partial period up to late 2025, the company recorded healthy order inflows, with confirmed service work orders worth over ₹84 crore as of October 2025. Its integrated model—combining manufacturing, design, supply, and installation—provides a competitive edge in executing complex geotechnical projects for government entities, contractors, and private clients.
The company’s focus on sectors like road and rail protection, defense, and environmental solutions aligns perfectly with India’s long-term infrastructure growth story. Expansion plans, including a proposed manufacturing unit in Assam, could further boost capacity and geographical reach.
Grey Market Premium (GMP) and Listing Expectations
Ahead of the IPO opening, the grey market premium (GMP) traded strongly in the range of ₹18–₹30 per share, indicating potential listing gains of 25–37% over the upper price band (potential listing price around ₹106–₹112). While GMP is unofficial and can fluctuate, it reflects positive investor sentiment toward SME IPOs in 2026, driven by infrastructure tailwinds and renewed retail interest.
However, SME IPOs carry inherent risks, including market volatility, execution challenges, supplier dependencies, and competition. Investors should approach with a long-term perspective, as the company has demonstrated improving profitability despite revenue fluctuations.
Why Consider Gabion Technologies IPO?
Gabion Technologies offers exposure to a niche, high-barrier segment within India’s booming infrastructure sector. With steady PAT growth, strong order book visibility, and funds earmarked for working capital and expansion, it appeals to investors seeking SME opportunities with real-economy linkages.
As the IPO opens on January 6, 2026, interested retail and HNI investors can apply via ASBA or UPI through their brokers. Always review the Red Herring Prospectus (RHP) for complete risk factors and consult a financial advisor before investing.
This SME IPO could be a timely addition to diversified portfolios betting on India’s infrastructure-led growth in 2026 and beyond.
Disclaimer :
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred.
