Gabion Technologies
January 6, 2026 – January 8, 2026
| Price | ₹76 - ₹81 |
| GMP Rumors * | ₹11 |
|---|---|
| Lot size | 1600 |
| Issue size | ₹29.00 cr |
| Allotment | Jan 9, 2026 |
| Listing | Jan 13, 2026 |
Gabion Technologies Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 259200 | 375 |
| sHNI | 3 | 4800 | 388800 | 36 |
| bHNI | 8 | 12800 | 1036800 | 71 |
Gabion Technologies Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1022400 | 28.4% |
| QIB | 683200 | 18.98% |
| HNI | 513600 | 14.27% |
| INDIVIDUAL | 1200000 | 33.33% |
| Market Maker | 180800 | 5.02% |
| Total | 3600000 | 100% |
Gabion Technologies About
IPO Details
| Total Issue Size | 36,00,000 shares (aggregating up to ₹29.00 Cr) |
| Fresh Issue | 36,00,000 shares (aggregating up to ₹29.00 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 99,75,360 shares |
| Share Holding Post Issue | 1,35,75,360 shares |
| Reserved for Market Maker | 1,80,800 shares (aggregating up to ₹1.00 Cr) |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. |
Key Performance Indicators (KPI)
| KPI | Nov-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RONW | 16.33% | 30.05% | 37.40% | 35.37% |
| ROCE | 11.55% | 19.17% | 21.86% | 14.41% |
| EPS (BASIC) | 4.31 | 6.64 | 5.78 | 3.42 |
| P/E Pre IPO | 12.18 | |||
| P/E Post IPO | 17.04 |
Company Financial (In ₹Crore)
| Period Ended | Nov-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 100.58 | 87.52 | 70.12 | 51.77 |
| Total Income | 60.66 | 101.17 | 104.97 | 78.88 |
| Profit After Tax | 4.3 | 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 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Gabion Technologies India Limited | 12.18 | 81.00 | 10.00 |
| SRM Contractors Limited | 22.40 | 536.95 | 10.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Gabion Technologies India Limited | 22.08 | 30.05 | 6.64 |
| SRM Contractors Limited | 120.09 | 19.96 | 23.97 |
About Company
Founded in February 2008, Gabion Technologies India Limited is engaged in the manufacturing of steel gabions and the provision of geosynthetics, geotechnical engineering, and ground improvement solutions, catering to clients across India and international markets.
Business Activities
The company manufactures and supplies a wide range of engineered products, including double twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, high-tensile rockfall protection nettings, reinforced geomats, and high-strength flexible geogrids. Its solutions are used by government bodies, contractors, private customers, consultants, and authorities involved in geosynthetics, geotechnical engineering, and ground improvement projects.
End-Use Sectors: Gabion Technologies serves multiple infrastructure segments such as roads, railways, retaining walls, slope stabilization, rockfall protection, irrigation, mining, airports, defence, energy, and water resources.
Project Track Record: The company has successfully completed 76 projects with an aggregate contract value of ₹12,760.59 lakhs, comprising projects across roads, railways, private commercial developments, energy, mining, airports, defence, and water resources sectors.
Product Portfolio: Its product range includes 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 and PP geogrids, jute geotextiles, coir mats, 3D drain sheets, concrete geomats, and steel anchors.
Strength
In-house Design & Execution Expertise: The company has an experienced in-house team capable of designing and executing complex infrastructure solutions such as retaining walls, slope stabilization, and structural systems. Designs are evaluated by reputed institutions like IITs and validated by authorities such as MoRTH, ensuring quality, safety, and regulatory compliance.
Integrated Manufacturer–Contractor Model: Operating as both a manufacturer and contractor, the company produces its own engineered products and deploys them in execution projects. This integrated model enhances cost efficiency, quality control, and timely delivery for both government and private sector clients.
Wide Customer Reach & One-Stop Solutions: With a pan-India marketing and project network, the company serves a diverse customer base across sectors. Its ability to supply core products along with complementary solutions enables single-source procurement, simplifying project execution and strengthening client relationships.
Weakness
Dependence on Limited Suppliers & Raw Material Price Volatility: The company relies on a few suppliers in limited locations without long-term contracts. Any supply disruption or price fluctuation in key raw materials such as steel and coated wires could adversely impact operations and financial performance.
Highly Competitive Industry with Low Entry Barriers: The gabion manufacturing sector is highly competitive with low entry barriers. Intense competition from existing and new players may affect market share, pricing power, and profitability.
Product Quality & Ongoing Legal Dispute: A civil suit alleging supply of non-satisfactory products is pending. Any adverse outcome or quality-related issues could impact the company’s reputation, finances, and business operations.