Gabion Tech IPO Listing: This IPO filled the pockets of investors, 826 times subscription, know the details!

Gabion Tech IPO Listing: Gabion Technologies India, a steel gabion manufacturing company, made a grand debut on the BSE SME platform today. Its IPO received a tremendous response from investors, with a total subscription of 826 times..

The shares were issued at a price of ₹81 per share. They debuted on BSE SME at ₹89.00, giving IPO investors a listing gain of 9.88%. However, the joy of IPO investors did not last long as the share price fell. It hit the lower circuit at ₹84.55, which means IPO investors are now at a profit of 4.38%.

How will the money received from Gabion Tech IPO be used?

Gabion Tech’s ₹29 crore IPO was open for subscription from January 6-8. The IPO received a good response from investors and was oversubscribed a total of 826.00 times. The reserved portion for Qualified Institutional Buyers (QIBs) was subscribed 271.13 times (except anchor investors), the portion for Non-Institutional Investors (NIIs) was subscribed 1,467.78 times and the retail investor portion was subscribed 867.23 times.

36 lakh new shares with face value of ₹ 10 were issued in the IPO. Of the funds raised from these shares, ₹1.06 crore will be used to purchase plant and machinery, ₹22.11 crore will be used for working capital needs and the remaining amount will be used for general corporate purposes.

About Gabion Tech

Established in February 2008, Gabion Technologies India manufactures steel gabions and provides geosynthetics, geotechnical engineering and ground improvement services worldwide. The company manufactures Double-Twisted Hexagonal Steel Wire Mesh Gabion, Defense Gabion, PP Rope Gabion, High-Tensile Rockfall Protection Netting, Reinforced Geomats and High-Strength Flexible Geogrid.

Its clients are from sectors like infrastructure, retaining walls, slopes, rockfall protection, irrigation and mining. It has so far completed 76 projects worth ₹127.61 crore, which include 36 road projects, 12 railway projects, 8 private commercial projects, 9 energy projects, 3 mining projects, 3 airport projects, 3 defense projects and 2 water resource projects.

The financial condition of the company has continuously strengthened. In FY2023, it reported a net profit of ₹3.41 crore, which increased to ₹5.82 crore in FY2024 and ₹6.63 crore in FY2025.

During this period, the company’s total income grew to ₹101.17 crore at a compound annual growth rate (CAGR) of more than 13%. In the current financial year 2026, from April to November 2025, the company has already achieved a net profit of ₹4.30 crore and total income of ₹60.66 crore. As of end-November 2025, the company had total debt of ₹52.05 crore, while its reserves and surplus stood at ₹16.32 crore.