Gabion Technologies IPO is a book-built issue worth ₹29.16 crore and consists entirely of a fresh issue of 0.36 crore shares.
The IPO will open for subscription on January 6, 2026, and close on January 8, 2026. The allotment is expected to be finalized on January 9, 2026, while the shares are likely to list on the BSE SME platform on January 13, 2026.
The price band for the IPO has been fixed at ₹76 to ₹81 per share. Investors must apply for a minimum lot of 1,600 shares. Retail investors need to invest at least ₹2,59,200 (for 3,200 shares) at the upper price band. For HNI investors, the minimum application is 3 lots or 4,800 shares, requiring an investment of ₹3,88,800.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd. is acting as the registrar. Giriraj Stock Broking Pvt. Ltd. has been appointed as the market maker.
Gabion Technologies IPO Objectives
- Funding capital expenditure of up to ₹105.67 lakh for purchasing plant and machinery.
- Utilising up to 15% of net proceeds or ₹10 crore, whichever is lower, for general corporate purposes.
- Meeting increased working capital requirements to support projected ₹120 crore revenue for FY2025–26.
About Gabion Technologies
Gabion Technologies India was incorporated in February 2008. It designs and supplies engineering solutions used to strengthen land and structures. In simple terms, it makes steel and geosynthetic products that help protect roads, slopes, riverbanks, railways, and other infrastructure from erosion, landslides, and rockfalls.
The company manufactures gabion boxes, rockfall protection nets, geomats, geogrids, and other ground-support materials. It also provides geotechnical and ground improvement services for government projects, contractors, and private clients.
Gabion Tech has worked across sectors like roads, railways, energy, defence, airports, mining, and water resources, completing 76 projects so far. With a mix of permanent staff and site-based workers, the company supports infrastructure development both in India and overseas.
Industry Outlook
- India’s infrastructure market is expected to grow from USD 223.6 billion in 2025 to USD 353.1 billion by 2030, growing at nearly 10% annually. The government is spending 3.3% of GDP on infrastructure, mainly on roads and transport. This creates steady demand for gabions used in slope protection and erosion control.
- The market for gabion in India is projected to grow at 11.18% CAGR from FY2025 to FY2032, rising from USD 16.23 million to USD 37.89 million. Large road projects, including 83,000 km of rural roads, are using gabions widely.
- Rapid urban growth and the push for climate-resilient infrastructure are increasing the use of gabions. They are now common in cities, flood-prone areas, parks, and landscaping projects.
How to Apply for the Gabion Technologies IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Gabion Technologies IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How to Check the Allotment Status of Gabion Technologies IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Gabion Technologies IPO
Registered Office Address: 38, SF, Near MCD Park, Mohammadpur, New Delhi, New Delhi, 110066
Phone: 9818793385
Email: compliance@gabionindia.com
Gabion Technologies IPO Reservation
| Investor Category | % of Issue |
| Market Maker | 5.02% |
| QIB | 47.38% |
| NII (HNI) | 14.27% |
| Retail | 33.33% |
| Total | 100.00% |
Gabion Technologies IPO Lot Size Details
| Application Category | Lots | Shares | Amount (₹) |
| Individual Investors (Retail) – Min | 2 | 3,200 | 2,59,200 |
| Individual Investors (Retail) – Max | 2 | 3,200 | 2,59,200 |
| S-HNI – Min | 3 | 4,800 | 3,88,800 |
| S-HNI – Max | 7 | 11,200 | 9,07,200 |
| B-HNI – Min | 8 | 12,800 | 10,36,800 |
Gabion Technologies IPO Promoter Holding
The company’s promoters are ARS Merchants Private Limited, Mr. Madhusudan Sarda, Ms. Priyanandini Sarda, and Mrs. Urvashi Sarda.
| Promoter Details | Shareholding |
| Promoter Holding (Pre-Issue) | 100% |
| Promoter Holding (Post-Issue) | To be updated |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Gabion Technologies IPO
| Metric | Period ended 30.11.2025 |
| EBITDA Margin (%) | 17.73% |
| PAT Margin (%) | 7.11% |
| Return on Net Worth (%) | 16.33% |
| Return on Capital Employed (RoCE)(%) | 11.55% |
Gabion Technologies IPO Prospectus
Gabion Technologies IPO Registrar and Lead Managers
Gabion Technologies IPO Lead Managers
- GYR Capital Advisors Pvt.Ltd.
Registrar for Gabion Technologies IPO
Name: Kfin Technologies Ltd.
Phone No.: 04067162222, 04079611000
Email: gabion.ipo@kfintech.com
Financial Performance of Gabion Technologies
| Metric | 30.11.2025 | 31.3.2025 | 31.3.2024 | 31.3.2023 |
| Revenue from Operations (₹ Lakhs) | 6,042.40 | 10,036.38 | 10,476.44 | 7,875.79 |
| Total Income (₹ Lakhs) | 6,066.18 | 10,117.14 | 10,497.00 | 7,887.57 |
| EBITDA (₹ Lakhs) | 1,075.62 | 1,506.02 | 1,315.82 | 638.56 |
| Profit attributable to equity shareholders (₹ Lakhs) | 429.91 | 661.97 | 576.37 | 341.25 |
| Net Worth (₹ Lakhs) | 2,632.91 | 2,203.00 | 1,541.03 | 964.67 |
Gabion Technologies Peer Comparison
| Company Name | EPS (₹) | P/E Ratio | RoNW (%) | Total Income (₹ in lakhs) |
| SRM Contractors Limited | 23.97 | 22.40 | 19.96% | 54,204.86 |
| Gabion Technologies | 6.64 | NA | 30.05% | 10,117.14 |
Strengths and Opportunities for Gabion Technologies IPO
- Experienced in-house design and execution team delivering complex, safe, regulator-approved infrastructure solutions.
- Integrated manufacturer and contractor model ensures quality control, cost efficiency, competitive pricing.
- Wide customer base supported by pan-India offices and strong technical understanding expertise.
- Strict quality standards aligned with ASTM, EN, IS ensure durable, reliable products.
- Timely delivery enabled through efficient planning, strong logistics, and ready inventory management.
- One-stop solution offering design, supply, installation, and post-project technical support advisory services.
- Continuous adoption of new products and technologies addressing evolving infrastructure needs market.
- Competitive pricing achieved through vertical integration, bulk sourcing, and optimised manufacturing processes.
Risks and Threats for Gabion Technologies IPO
- The company faces regional dependency risk as most of its revenue is concentrated in Northern and Eastern India.
- It has a limited number of suppliers which may disrupt the procurement of raw materials.
- Operations run from rented office; lease non-renewal could impact business.
- The gabion industry is very competitive, making profits harder to maintain.
- Promoters’ other businesses may cause conflicts, as no non-compete exists.
- High attrition rates create challenges for retaining a skilled workforce, which could affect operational efficiency.
- The business requires multiple licenses; non-compliance could disrupt operations materially.
- Pending legal proceedings may adversely affect the company’s financial condition and reputation.
