Gabion Technologies Limited
Bookbuilding IPO · BSE
- Price band
- ₹76 - ₹81
- Lot size
- 1,600 shares
- Issue amount
- ₹29 cr
- Total subscription
- 826.08×
- Opens
- 6 Jan 2026
- Closes
- 8 Jan 2026
- Allotment
- 9 Jan 2026
- Listing
- 13 Jan 2026
Offer at a glance
Issue overview
- Issue size
- 36,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,21,600
- Fresh issue
- ₹29 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 99,75,360
- Shares after issue
- 1,35,75,360
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,59,200 |
| sHNI | 3 | 4,800 | ₹3,88,800 |
| bHNI | 8 | 12,800 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 8 Jan 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 375 | 3,21,270 |
| HNIs(10L +) | 71 | 45,257 |
| HNIs (2-10L) | 36 | 27,992 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.53 | 1,500.43 |
| RETAIL | 9.72 | 8,429.44 |
| HNIs 2+ | 1.39 | 1,167.49 |
| HNIs 10+ | 2.77 | 4,940.17 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 4.31 | 6.64 | 5.78 | 3.42 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 11.55 | 19.17 | 21.86 | 14.41 |
| RONW | 16.33 | 30.05 | 37.4 | 35.37 |
| PRE IPO(PE) | 0 | 12.18 | 0 | 0 |
| POST IPO(PE) | 17.04 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Gabion Technologies India Limited | 12.18 | 81.00 | 10.00 | 22.08 | 30.05 | 6.64 |
| SRM Contractors Limited | 22.40 | 536.95 | 10.00 | 120.09 | 19.96 | 23.97 |
Company information
Company profile
Incorporated in February 2008, Gabion Technologies India Limited is engaged in manufacturing steel gabions and providing geosynthetics, geotechnical engineering, and ground improvement solutions for infrastructure and civil engineering projects in India and overseas. The company manufactures products such as double twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, high-tensile rockfall protection nettings, reinforced geomats, flexible geogrids, geotextiles, geomembranes, geobags, rockfall barriers, and steel anchors, catering to sectors including roads, railways, irrigation, mining, energy, airports, defence, retaining walls, and slope protection. It serves government bodies, contractors, private clients, and consultants and has completed 76 projects with a total contract value of Rs 12,760.59 lakhs across roads, railways, private commercial, energy, mining, airports, defence, and water resources. As of November 30, 2025, the company had 159 full-time employees and also engages contractual workers based on project requirements.
Strengths
- In-House Design & Execution Expertise: Experienced internal team capable of handling complex infrastructure projects, with designs reviewed by reputed institutions like IITs and approved by authorities such as MoRTH.
- Integrated Manufacturer–Contractor Model: Operates as both a manufacturer and contractor, enabling better cost control, quality assurance, and timely project execution.
- Wide Customer Reach & One-Stop Solutions: Serves clients across India with a broad product range and end-to-end solutions, making project execution simpler for customers.
Risk factors
- Dependence on Limited Suppliers: Relies on a small number of suppliers, making it vulnerable to supply disruptions and raw material price fluctuations.
- Highly Competitive Industry: Faces intense competition due to low entry barriers, which may impact pricing and profitability.
- Product Quality & Legal Risk: An ongoing civil suit related to product quality could affect reputation and financial performance if the outcome is unfavorable.
Promoters
Mr. Madhusudan Sarda
Mrs. Urvashi Sarda
Ms. Priyanandini Sarda
M/s. ARS Merchants Private Limited
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
38, SF Near MCD Park Mohammadpur New Delhi, New Delhi, 110066
9818793385
[email protected]Company website ↗Understanding GTIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.