Gabion Technologies India Ltd IPO
Infrastructure Developers & Operators
Price Band
₹76 – ₹81
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹259200
Issue Size
₹29.16Cr
Opens
2026-01-06
Closes
2026-01-08
Listing
13-01-2026
Subscription Status
Qualified Institutional Buyers
271.13 x
Non-Institutional Investor
1084.4 x
Retail Individual Investor
856.72 x
Total
762.85 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1H1501013
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Gabion Technologies is engaged in the manufacturing, design, trading, and installation of solutions, including gabions, rockfall protection nettings, and geosynthetic materials, catering to the diverse needs of civil engineering, infrastructure development, and environmental protection projects. A gabion is a wire mesh box filled with stones, used in construction for erosion control, slope stabilisation, retaining walls, and infrastructure protection because of its strength and flexibility. The company’s business is divided into three verticals: Manufacturing and Supply: This includes mechanically woven double-twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, high-tensile rockfall protection nettings, rockfall fences/barriers, reinforced geomats, and high-strength flexible geogrids. Design and Construction Services: The company provides end-to-end services for the design and construction of gabion structures, slope stabilisation using anchor-mesh systems, and other solutions in the areas of geosynthetics, geotechnical engineering, and ground improvement techniques. Trading: Gabion Technologies also trades in auxiliary products that are not manufactured by them but are required by their target customers.
Pros
- • Gabion Technologies’ products, services and technologies are utilised across sectors and industry segments, including infrastructure projects, railway embankment formation, protection of roads and railway tracks from landslides, airport runway developments, protection of hydro power projects, river channelisation and river front developments, mining and thermal power plant waste disposal, energy pipelines protection, and beach protection, among others.
- • The company is accredited with IS 16014:2018, ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, and OHSAS 18001:2007 for quality management system, and IS 16014:2012.
- • The company claims to have independently completed 76 work contracts, having an aggregate contract value of Rs 127.60 crore. This includes 36 projects in the roads sector, 12 in the Railways, eight in the private commercial sector, nine in the energy sector, three in mining, three in airports, three in Defence sector and two in the water resources sector. As of the date of the RHP, the company’s work order book stood at Rs 172.47 crore.
Cons
- • The company markets its products across 29 States and Union Territories. However, a major portion of its revenue comes from the states in Northern and Eastern India. Revenue from Northern and Eastern India for the period ended November 30, 2025 and FY5, FY24 and FY23 came in at Rs 39.28 crore (66.23%), Rs 76.46 crore (76.99%), Rs 76.91 crore (73.95%) and Rs 67.32 crore (85.73%), respectively. Any slowdown in business in these states could significantly impact the financials of the company.
- • The company is dependent on a few suppliers for the procurement of raw materials. Since it does not have any long-term agreements with these suppliers, any supply disruption or price fluctuations could have a material impact on its business and finances.
- • As of November 30, 2025, 21.70% of Gabion Technology’s revenue came from projects undertaken by government authorities and government-funded entities, where contracts are awarded through a competitive tendering process. The company competes with infrastructure players, and any failure to qualify may result in loss of business. The company cannot provide any assurance that the bids submitted by it will be accepted or that it will be awarded the contract.
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