Updated on 13.01.2026 @ 9:40 AM
Gabion Technologies India Limited (GTIL), a specialised infrastructure entity incorporated in 2008, is entering the primary market to unlock value from its niche expertise in geotechnical engineering. You can track details of all the coming, live and closed IPOs at our IPO calendar which is updated regularly.
Operating as a manufacturer, designer, and installer of gabions, rockfall protection systems, and geosynthetic materials, the company services the critical need for slope stabilisation and erosion control in India's expanding infrastructure landscape.
The company is set to launch its Initial Public Offering (IPO) on Tuesday, January 6, 2026 and close on Thursday, January 8, 2025, with a price band fixed at ₹76 to ₹81 per share.
With a robust order book of ₹172.47 Crores, GTIL aims to raise approximately ₹29.16 Crores through a fresh issue to fund its working capital and reduce its debt burden.
In this article, you will find Gabion Technologies IPO GMP today, allotment date, price band, and a detailed review. And, you can check the subscription status of this and other IPOs at our IPO subscription status hub page.
Briefs of Gabion Technologies IPO Details:
- Price Band: ₹76 – ₹81 per share
- IPO Open / Close Dates: January 6, 2026 – January 8, 2026
- Lot Size: 1,600 Shares (Note: Retail Minimum Application is 2 Lots / 3,200 Shares)
- Issue Size: 36,00,000 Equity Shares / ₹29.16 Crores
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Kfin Technologies Ltd.
- Listing Exchange: BSE SME
The IPO’s registrar, KFin Technologies Limited, handles allotment and refund processing. If you have any allotment-related queries, our complete guide on how to check allotment status at Kfintech walks you through the entire procedure.
WHAT IS THE Gabion Technologies IPO GMP Today?
You can check the latest GMP of this and other issues at our GMP hub page. (GMP is an unofficial data and is not regulated). The issue is listed at the premium of 9.88% far below its rumored GMP of 31 Rs.
Listing Update:
| Type | Issue Price | Open | Gain/loss % |
| Lisiting | 81.00 | 89.00 | 9.88 |
Source: BSE
What Are The Important Gabion Technologies IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Tuesday, January 6, 2026
- IPO Close Date: Thursday, January 8, 2026
- Basis of Allotment Date: Friday, January 9, 2026
- Refund Initiation Date: Monday, January 12, 2026
- Credit of Shares: Monday, January 12, 2026
- Listing Date: Tuesday, January 13, 2026
What Are The Objectives of Gabion Technologies IPO?
The company intends to utilise the net proceeds for the following strategic purposes:
- Working Capital (22.11 Crores): To fund the high working capital requirements inherent in long-term infrastructure projects and milestone-based billing.
- Capital Expenditure Requirements (1.05 Crores) : Capital Expenditure Requirements for the purchase of plant and Machinery
- General Corporate Purposes: For operational flexibility and business expansion.
How is The Financial Performance of Gabion Technologies (GTIL)?
The following table summarises the financial performance of the company based on restated financial statements.
(Figures in ₹ Crores)
Particulars | Period Ended 30 Nov 25 | 31 Mar 25 | 31 Mar 24 | 31 Mar 23 |
Total Income | 60.66 | 101.17 | 104.97 | 78.88 |
Profit After Tax | 4.30 | 6.62 | 5.76 | 3.41 |
EBITDA | 10.76 | 15.06 | 13.16 | 6.39 |
Total Borrowing | 52.05 | 46.71 | 36.37 | 29.46 |
Total Assets | 100.58 | 87.52 | 70.12 | 51.77 |
Financial Analysis & Observations:
Total Income:
The company reported a Total Income of ₹60.66 Crores for the period ended November 2025. While FY25 revenue (₹101.17 Crores) saw a slight consolidation compared to FY24, the current run-rate suggests stable execution capabilities backed by a healthy order book of over ₹172 Crores.
Profit After Tax (PAT):
Profitability has improved, with PAT margins rising to 7.11% in the November 2025 period compared to 6.60% in FY25. This uptick is attributed to the execution of higher-margin specialized geotechnical service contracts.
EBITDA:
Operational efficiency is a key highlight, with EBITDA margins expanding significantly to 17.73% in November 2025 (up from 8.10% in FY23). This indicates strong pricing power in its niche gabion and rockfall protection segment.
Total Borrowing:
The debt levels remain high at ₹52.05 Crores (Nov 2025), resulting in a leveraged balance sheet. The IPO proceeds destined for debt repayment are critical to improving the company's financial health.
Assets:
The asset base has crossed ₹100 Crores, largely comprising current assets like inventory and receivables, which reflects the capital-intensive nature of infrastructure contracting where materials must be stocked in advance.
P/E Ratio and Peer Comparison
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹ 6.64, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 12.20x at the upper end of the price band (₹81).
P/E Ratio = ₹81 (Price) / ₹6.64 (Earnings Per Share)
P/E Ratio ≈ 12.20x
Peer Comparison Table (FY 2024-25 Data)
| Company | Total Income (₹ Crores) | P/E Ratio | RoNW (%) | Debt/Equity |
Gabion Technologies | 101.17 | ~12.20 | 30.05 | ~1.98 |
| SRM Contractors Ltd | 542.05 | 22.40 | 19.96 | 0.15 |
Analysis:
Gabion Technologies is entering the market with a P/E multiple of approximately 12.20x. This compares to its listed peer, SRM Contractors, which trades at a P/E of 22.40x. On profitability, GTIL reports a Return on Net Worth (RoNW) of 30.05%, while SRM Contractors reports an RoNW of 19.96%. GTIL's financial structure also involves a higher level of debt compared to its peers.
Industry Outlook
Growth Potential:
The Indian infrastructure sector is projected to grow at a CAGR of 9.57% through 2030.
Market Trends:
The government’s focus on "Parvatmala" (ropeway development) and hill-road expansion mandates sustainable erosion control. GTIL's specialization in rockfall protection puts it in a sweet spot to win contracts in difficult terrains where standard construction methods fail.
What Are The Strengths and Risks of Gabion Technologies IPO?
Strengths:
- Integrated Model: GTIL is not just a trader; it manufactures gabions and provides engineering installation services, capturing the entire value chain.
- Strong Order Book: With orders worth ₹172.47 Crores, the company has strong revenue visibility for the next 1.5 to 2 years.
- Capacity: The company operates at a high capacity utilisation of 93.50%, indicating strong demand for its products.
Risks:
- Geographical Concentration: A significant chunk (66%) of revenue comes from Northern and Eastern India, exposing the company to regional climatic and political risks.
- High Debt: The debt-to-equity ratio is high (~1.98). While the IPO will reduce this, the company remains sensitive to interest rate fluctuations.
- Attrition: The company reported a high employee attrition rate of 55% in FY25, which poses a risk to technical execution capabilities.
Key Considerations for Investors
This section is for information purposes only and does not constitute financial advice.
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 1,600 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (3,200 Shares), amounting to ₹2,59,200. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category may technically be treated as HNI (Small-HNI) depending on final allotment norms.
- Valuation: At ~12.2x P/E, the valuation is attractive compared to peers.
- Risk Profile: The company is high-growth and high-margin but carries a heavy debt load and high attrition.
Standard Disclaimer: This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
Key Takeaways
- IPO Price: ₹81 per share (Upper Band).
- Min Investment: ₹2,59,200 (3,200 Shares).
- Allotment Date: January 09, 2026.
- Listing: BSE SME platform on January 13, 2026.
FAQs on Gabion Technologies IPO
What is Gabion Technologies IPO GMP today?
As of January 1, 2026, the GMP for Gabion Technologies is observed at ₹22 per share. This indicates that the shares are trading at a premium of approximately 27% over the upper issue price of ₹81 in the unofficial market.
The GMP is a dynamic market sentiment indicator. Please check trusted financial news portals or our dedicated GMP section for the latest updates.
What is Gabion Technologies IPO price band?
The price band is fixed at ₹76 to ₹81 per equity share.
What is Gabion Technologies IPO allotment date?
The allotment status is expected to be finalized on Friday, January 9, 2026. You can check allotment status of this and other IPOs at our ipo allotment status hub page.
How to check Gabion Technologies IPO allotment status?
Investors can check the status on the website of Kfin Technologies Ltd. (the Registrar) or via the BSE IPO allotment portal.
What is Gabion Technologies IPO listing date?
The shares are tentatively scheduled to list on Tuesday, January 13, 2026.
Investment Perspective on Gabion Technologies IPO
Gabion Technologies offers a niche infrastructure play with strong margins and a robust order book. The valuation leaves room for upside compared to peers like SRM Contractors. However, the high debt levels and unusually high minimum investment ticket size are factors that investors must weigh carefully.
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