Gabion Technologies' initial public offering concluded with remarkable investor enthusiasm, recording an overall subscription of 826 times during its three-day bidding period from January 6 to 8. The BSE SME issue attracted significant attention from investors across all categories, demonstrating strong market confidence in the company's prospects.

Subscription Details

The ₹29.16 crore IPO received overwhelming response from investors, with detailed subscription figures highlighting broad-based participation:

The issue attracted bids for 19,97,97,61,600 shares against the 23,96,800 shares on offer, reflecting exceptional investor interest in the steel gabions manufacturer.

IPO Structure and Timeline

The Gabion Technologies IPO comprised entirely a fresh issue of 36 lakh shares, priced between ₹76 and ₹81 per share. The company has outlined a clear timeline for post-bidding activities:

Checking Allotment Status

Investors can verify their allotment status through two primary channels. On the BSE website, applicants need to visit the allotment page, select equity under issue type, choose Gabion Technologies India Limited from the dropdown, enter their application number or PAN, complete captcha verification, and click search. Alternatively, through KFinTech IPO allotment page, investors can select Gabion Technologies India Ltd from the dropdown, choose identification method (PAN, Application Number, or Demat Account), enter relevant details, and submit to view allotment status.

Market Intermediaries and Company Background

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

Gabion Technologies India Ltd., incorporated in February 2008, specializes in manufacturing steel gabions and providing geosynthetics, geotechnical engineering, and ground improvement services globally. The company serves government bodies, contractors, private clients, consultants, and authorities across sectors including infrastructure development, retaining walls, slope stabilization, rockfall protection, irrigation projects, and mining.

Gabion Technologies' Initial Public Offering (IPO) concluded with remarkable investor enthusiasm, receiving 768.13 times subscription on January 8, the final day of bidding. The New Delhi-based manufacturer of steel gabions, rockfall protection nettings, and geosynthetic materials attracted overwhelming demand across all investor categories.

Subscription Details

The IPO received exceptional response with investors bidding for 197.99 crore equity shares worth ₹16,037 crores against the offer size of 25.77 lakh shares through 3.98 lakh applications during the January 6-8 bidding period.

Grey Market Premium and Timeline

The strong subscription demand reflected in the grey market premium, which climbed to nearly 40% at the time of reporting, increasing from the earlier 37% premium according to market observers. The IPO share allotment will be finalized by January 9, while trading on BSE SME is expected to commence on January 13.

IPO Structure and Fund Utilization

Gabion Technologies approached capital markets to raise ₹29.16 crores through the IPO of 36 lakh shares, priced at the upper end of the ₹76-81 per share range. The company plans to utilize the IPO proceeds primarily for working capital requirements and purchasing plant and machinery, with remaining funds allocated for general corporate purposes.

Business Operations and Order Book

The company operates with a manufacturing unit located at Paonta Sahib, Himachal Pradesh, and provides services in geo-systems, geotechnical engineering, and ground improvement techniques. Gabion Technologies has independently completed 76 work contracts worth ₹127.60 crores across diverse sectors including road, railway, energy, mining, defence, and airport infrastructure.

GYR Capital Advisors served as the book running lead manager for the Gabion Technologies IPO, facilitating this successful public offering in the SME segment.