Gabion Technologies India IPO 2026 — Company Overview, Issue Details, Financials & Investment Insights
New Delhi, India — January 1, 2026 — Gabion Technologies India Limited (GTIL), a specialist infrastructure materials and geotechnical solutions company, has formally launched its Initial Public Offering (IPO) scheduled to open on 6 January 2026, marking its transition from a private infrastructure supplier to a publicly-listed SME on the BSE SME platform.
The IPO is a pivotal step for the firm, enabling it to fund expansion plans, strengthen working capital and enhance its plant capacity to meet rising demand across civil engineering, environmental protection and infrastructure segments.
What Does Gabion Technologies Do?
Founded in 2008, Gabion Technologies India is a manufacturer and supplier of gabion solutions and geosynthetic engineering products used in ground support systems such as retaining walls, slope stabilisation, rockfall protection and drainage systems.
The company’s portfolio includes:
- Gabion Boxes & Revet Mattresses
- Rockfall Protection Nettings
- Geocomposites & Geogrids
- Geomats and Geotextiles
- Ground improvement and slope stabilisation systems
Its products are deployed across sectors including roads & highways, railways, energy, irrigation, mining and defence projects, serving both public-sector and private infrastructure projects.
Gabion Technologies IPO Timeline & Structure
Key dates:
| Event | Date |
|---|---|
| IPO Open | 6 January 2026 |
| IPO Close | 8 January 2026 |
| Allotment Finalisation | 9 January 2026 |
| Refunds Initiated | 12 January 2026 |
| Shares Credited | 12 January 2026 |
| BSE SME Listing | 13 January 2026 |
Issue details:
- IPO Size: ~₹27.36–₹29.16 crore (Fresh issue only)
- Price Band: ₹76 to ₹81 per share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹2,59,200 (at upper price band for 2 lots)
- Listing: BSE SME platform
The IPO is a 100% fresh offer — meaning there is no Offer For Sale (OFS) — and it will raise capital exclusively via new equity to support the company’s future growth.
Use of IPO Proceeds
According to the Red Herring Prospectus, Gabion Technologies intends to use the IPO funds for:
- Working capital requirements (~₹22.11 crore)
- Purchase of plant and machinery (~₹1.05 crore)
- General corporate purposes
These funds are aimed at scaling production capacity, strengthening inventory, and expanding operations to meet projected revenue growth.
Financial Snapshot
Here’s a summary of Gabion Technologies’ financial performance over recent years (in ₹ lakhs):
| Metric (₹ Lakhs) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue from Operations | 7,875.79 | 10,476.44 | 10,036.38 |
| EBITDA | 638.56 | 1,315.82 | 1,506.02 |
| Profit After Tax (PAT) | 341.25 | 576.37 | 661.97 |
| Net Worth | 964.67 | 1,541.03 | 2,203.00 |
Key financial ratios:
- Net Worth: ₹22.03 crore
- ROCE: ~19.17%
- ROE: ~30.05%
- P/BV: ~3.67
- EPS (Pre-IPO): ₹6.65
- P/E (Pre-IPO): ~12.18
These figures reflect a business that has shown steady revenue growth, improving profitability and healthy return measures — important indicators for IPO-ready investors.
Industry & Market Context
India’s infrastructure development landscape is expected to grow significantly, with projections estimating the infrastructure market rising from $223.6 billion in 2025 to over $350 billion by 2030, driven by investment in roads, railways, smart cities and water resource projects. Gabion Technologies’ products are strategically positioned in this ecosystem, being crucial for ground stabilisation, slope protection, and sustainable engineering solutions.
Investment Considerations — Strengths & Risks
Strengths
✔ Established track record in geotechnical solutions since 2008
✔ Diversified product portfolio with repeat government and private clients
✔ Strong technical expertise in infrastructure support systems
✔ Healthy profitability and growth trajectory prior to IPO
Risks
⚠ Heavy reliance on cyclical infrastructure spending
⚠ Competitive landscape with larger materials & engineering firms
⚠ Geographic concentration of revenue may impact stability
⚠ Working capital pressure due to project timelines and receivables
Prospective investors should weigh these factors and consult financial advisors before subscribing.
Grey Market Premium (GMP) & Demand Signals
Ahead of listing, grey market trades have indicated a premium over the upper price band, reflecting some investor interest in Gabion Technologies’ IPO ahead of its 13 January 2026 listing.
Conclusion
The Gabion Technologies India IPO represents a significant milestone for the company as it moves from private ownership to public markets. With a focused product range in geotechnical engineering and an expanding infrastructure sector in India, GTIL aims to leverage IPO capital to streamline operations and fuel growth. Investors looking at SME IPOs may find Gabion’s steady financials and strategic niche compelling, though attention should be paid to broader market conditions and infrastructure spending cycles.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investment decisions should be based on individual research and consultation with qualified advisors.
