Gabion Technologies IPO Opens: Strong GMP Signals Robust Investor Demand

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AuthorIshaan Verma|Published at:
Gabion Technologies IPO Opens: Strong GMP Signals Robust Investor Demand
Overview

Gabion Technologies India's IPO opens tomorrow, January 6, 2026, aiming to raise ₹29.16 crore. Unlisted shares command a significant grey market premium (GMP) of 33.33% (₹27), trading at ₹108 against the upper price band of ₹81, indicating strong investor interest ahead of the BSE SME listing.

IPO Opens Amidst Strong Grey Market Buzz

Gabion Technologies India, a manufacturer of gabions, rockfall protection nettings, and geosynthetic materials, is set to open its initial public offering (IPO) on January 6, 2026. The maiden share sale aims to raise ₹29.16 crore, with early indicators from the grey market pointing to robust investor enthusiasm.

Premium Signals Positive Sentiment

Unlisted shares of Gabion Technologies were trading at a significant premium in the grey market. Sources indicate shares commanded ₹108 apiece, reflecting a ₹27 premium per share. This represents a substantial grey market premium (GMP) of 33.33% over the IPO's upper price band of ₹81.

IPO Offering Details

The public issue comprises an entirely fresh issue of 3.6 million equity shares, with no offer-for-sale component. The price band for the IPO is set between ₹76 and ₹81 per share. A retail investor will need to apply for a minimum of two lots, aggregating 3,200 shares, requiring an investment of ₹2,59,200 at the upper price limit.

Subscription and Listing Timeline

The three-day subscription window will close on January 8, 2026. The basis of allotment is expected by January 9, with shares tentatively credited to demat accounts by January 12. Gabion Technologies is slated to list on the BSE SME platform on January 13, 2026. GYR Capital Advisors is the sole book-running lead manager, with KFIN Technologies acting as registrar.

Fund Utilization Plan

Gabion Technologies plans to deploy ₹22.11 crore from the net proceeds towards working capital needs. An additional ₹1.05 crore will be used for the purchase of plant and machinery. The remainder will be allocated for general corporate purposes.

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