Gabion Technologies India IPO
Bookbuilding IPO | ₹29.00 Cr | Listing at BSE SME
IPO Open
Tue, Jan 06, 2026
IPO Close
Thu, Jan 08, 2026
Price Band
₹76.00 to ₹81.00
Market Cap (Pre-IPO)
₹109.96 Cr
IPO Details
| IPO Date | Jan 06, 2026 to Jan 08, 2026 |
| Listing Date | Tentative: Jan 13, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹76.00 to ₹81.00 |
| Lot Size | 1600 Shares (Minimum: ₹129,600.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹29.00 Crores |
| Total Shares Offered | 3,600,000 shares |
| Offer For Sale | 3,600,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 271.13x |
| NII | 1,467.78x |
| RII | 0.00x |
| Total | 826.00x |
Gabion Technologies India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 17,05,600 (47.38%) |
| Retail Shares Offered | 12,00,000 (33.33%) |
| NII Shares Offered | 5,13,600 (14.27%) |
Gabion Technologies India IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹259,200 |
| Retail (Max) | 2 | 3,200 | ₹259,200 |
| S-HNI (Min) | 3 | 4,800 | ₹388,800 |
| S-HNI (Max) | 7 | 11,200 | ₹907,200 |
| B-HNI (Min) | 8 | 12,800 | ₹1,036,800 |
Gabion Technologies India Financial Information (Restated Consolidated)
Gabion Technologies India Ltd.'s revenue decreased by 4% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 100.58 | 87.52 | 70.12 | 51.77 |
| Total Income | 60.66 | 101.17 | 104.97 | 78.88 |
| Profit After Tax | 4.30 | 6.63 | 5.82 | 3.41 |
| EBITDA | 10.76 | 15.06 | 13.16 | 6.39 |
| NET Worth | 26.33 | 22.03 | 15.41 | 9.65 |
| Reserves and Surplus | 16.32 | 12.02 | 13.71 | 7.97 |
| Total Borrowing | 52.05 | 46.71 | 36.37 | 29.46 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 19.17% |
| Debt/Equity | 2.12 |
| RoNW (Return on Net Worth) | 30.05% |
| PAT Margin (Profit After Tax Margin) | 6.60% |
| EBITDA Margin | 14.89% |
| Price to Book Value | 3.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.65 | 4.75 |
| P/E (x) | 12.18 | 17.04 |
| Promoter Holding | 100.00% | 0.00% |
Company Promoters
- The Promoters of the company are Mr. Madhusudan Sarda
- Mrs. Urvashi Sarda
- Ms. Priyanandini Sarda and M/s. ARS Merchants Private Limited.
Company Overview
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 Strengths
- In-house Experienced Design & Execution Team.
- The company produces high-quality products for specialized contracts as a manufacturer and contractor.
- Wide customer base
- Competitive Pricing
- Quality products
- Adoption of New Products & Technologies
- Adequate inventory ensure timely delivery
Use of Proceeds
| 1) | Working Capital Requirements | 22.11 |
| 2) | Meeting Capex Requirements for purchasing of plant and machinery | 1.06 |
| 3) | General Corporate Purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Gabion Technologies India IPO Peer Comparison
Gabion Technologies India peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Gabion Technologies India Ltd. | 6.64 | 6.64 | 22.08 | 0.00 | 30.05 | 0.00 | Consolidated |
| SRM Contractors Ltd. | 23.97 | 23.97 | 120.09 | 22.40 | 19.96 | 4.47 | - |
Quick Info
| Sector | Infrastructure and Civil Engineering Solutions |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹109.96 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 06, 2026 |
| IPO Close | Jan 08, 2026 |
| Allotment Date | Jan 09, 2026 |
| Credit to Demat | Jan 12, 2026 |
| Listing Date | Tentative: Jan 13, 2026 |
Lead Manager(s)
GYR Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Gabion Technologies IPO is a book build issue of ₹29.16 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹29.16 crore.
- Gabion Technologies IPO bidding opened for subscription on Jan 6, 2026 and will close on Jan 8, 2026. The allotment for the Gabion Technologies IPO is expected to be finalized on Jan 9, 2026. Gabion Technologies IPO will list on BSE SME with a tentative listing date fixed as Jan 13, 2026.
- Gabion Technologies IPO price band is set at ₹76 to ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,88,800.