Gabion Technologies IPO Day 2: Issue Receives 101.3x Subscription So Far; GMP At 37%

Gabion Technologies IPO GMP: The initial public offering (IPO) of Gabion Technologies Ltd is witnessing its second day of bidding today, Wednesday, January 7. The price band of the Rs 29.16-crore IPO has been fixed in the range of Rs 76 and Rs 81. Till 10:50 am on the second day of bidding on Wednesday, the IPO received a total of 101.31x times subscription, garnering bids for 24,28,24,000 shares as against 23,96,800 shares on offer.

Its retail category got a 135.16x subscription, while its non-institutional investor (NII) quota got a 155.03x subscription. Its qualified institutional buyer (QIB) category has received a 1.48x subscription.

Incorporated in February 2008, Gabion Technologies India Limited is engaged in the manufacturing of steel

gabions and offers geosynthetics, geotechnical engineering and ground improvement solutions, catering to both domestic and international markets.

Gabion Technologies IPO GMP Today

According to market observers, unlisted shares of Gabion Technologies Ltd are currently trading at Rs 111 apiece in the grey market, which is a 37.04 per cent premium over the upper IPO price of Rs 81. It indicates a strong listing. Its listing will take place on January 13, Tuesday.

The GMP had stood at 33.3 per cent last week.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Gabion Technologies IPO: More Details

Gabion Technologies is tapping the primary market with a book-built IPO of Rs 29.16 crore, comprising an entirely fresh issue of 0.36 crore equity shares. The public issue opened for subscription on January 6, 2026, and will close on January 8, 2026, with allotment likely to be finalised on January 9. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 13, 2026.

The IPO has been priced in a band of Rs 76 to Rs 81 per share. Investors can bid in lots of 1,600 shares. At the upper end of the price band, retail investors are required to invest a minimum of Rs 2,59,200 for two lots or 3,200 shares, while high net-worth individuals need to apply for at least three lots, or 4,800 shares, involving an investment of Rs 3,88,800.

GYR Capital Advisors Pvt Ltd is acting as the book-running lead manager for the issue, while Kfin Technologies Ltd has been appointed as the registrar. Giriraj Stock Broking Pvt Ltd will serve as the market maker.

On the financial front, the company reported a 4% decline in revenue in FY25 compared with FY24, even as its profit after tax rose by 14 year-on-year.