Four institutional investors made significant acquisitions in Gabion Technologies India on January 13, collectively purchasing over 6% equity stake in the steel wire mesh gabions manufacturer during its market debut. The company's shares demonstrated strong performance on the first trading day, rallying 5% to close at ₹93.41 on the BSE after touching an intraday high of ₹93.45 and low of ₹84.55.

Major Stake Acquisitions in Gabion Technologies

Vorton Opportunities Fund, managed by Vorton Capital, emerged as the largest buyer among the four investors. The alternative investment fund acquired 4.97 lakh additional shares, representing 3.66% of the paid-up equity, at ₹89 per share for a total investment of ₹4.42 crore.

Vorton Capital already held a 1.01% stake (1.37 lakh shares) in Gabion Technologies, which it acquired through the company's IPO anchor book on January 5. The company specializes in manufacturing steel wire mesh gabions and provides services in geo-systems, geotechnical engineering, and ground improvement techniques.

IPO Performance and Market Response

The Gabion Technologies IPO, valued at ₹29 crore, attracted exceptional investor interest, closing with over 768 times subscription on January 8. This robust demand translated into strong debut performance, with the stock maintaining positive momentum throughout the trading session.

Royal Alpha Growth-backed Royal Alpha Opportunity Fund and Kamal Kumar Dugar and Co both acquired 99,200 equity shares each, though at different price points. While Royal Alpha purchased at ₹89 per share, Kamal Kumar Dugar and Co secured shares at the lower price of ₹84.55 per share.

Concurrent Activity in Tarmat

In a separate transaction, steel supplier Arton Global acquired 2.46 lakh shares in construction engineering company Tarmat, representing a 1.02% stake. The purchase was executed at ₹52.25 per share for a total consideration of ₹1.28 crore.

Tarmat shares experienced significant buying interest on January 13, surging 13.8% to close at ₹54.03 amid high trading volumes on the NSE. This represented the biggest single-day rally for the construction engineering company since July 2025, indicating strong market confidence in the sector.

Gabion Technologies India experienced a volatile trading debut on January 13, 2025, as shares listed on BSE SME with a strong premium but quickly hit the lower circuit limit due to selling pressure.

Market Performance and Listing Details

The geotechnical engineering company's shares opened at ₹89 per share on BSE SME, marking a 9.87% premium over the issue price of ₹81. However, the initial enthusiasm was short-lived as the stock faced immediate selling pressure and declined to hit the 5% lower circuit.

At 10:30 AM, Gabion Technologies shares were locked at the 5% lower circuit of ₹84.55, though this price still represented a 4.38% gain from the original issue price.

IPO Subscription and Market Expectations

The listing performance fell short of market expectations as indicated by grey market premium trends. Prior to listing, Gabion Technologies IPO commanded a grey market premium of ₹31 per share, suggesting a potential debut at over 38% premium to the issue price.

Company Profile and Business Operations

Gabion Technologies India operates as a manufacturer of steel gabions while providing comprehensive geosynthetics, geotechnical engineering, and ground improvement services on a global scale. The company's product portfolio includes specialized engineering solutions for infrastructure and construction applications.

Key products manufactured by the company include:

• Double Twisted Hexagonal Steel Wire Mesh Gabions
• Defence Gabions
• PP Rope Gabions
• Hi-tensile Rockfall Protection Nettings
• Reinforced Geomat
• High Strength Flexible Geogrid

IPO Structure and Financial Details

The public offering was structured as a book-building issue that raised ₹29.16 crores entirely through a fresh issue of 36 lakh shares. The price band was set between ₹76 to ₹81 per share, with the final issue price at the upper end of the range.

The company serves a diverse client base including government entities, contractors, private customers, consultants, and authorities requiring geosynthetics, geotechnical engineering, and ground improvement solutions.