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Peer
Review
Subscription
Allotment
IPO is an SME IPO with and . The company will raise upto for from the IPO. The IPO issue size is , fresh issue: and offer for sale: .
is the lead manager and is the registrar of IPO.
The IPO will open for subscription on and close on . The basis of allotment will be decided on and IPO shares will be listed on at .
Price band for IPO is , minimum and maximum amount required for retail investor is ( shares, lots), minimum amount required for sHni investor is ( shares, lots) and maximum amount for which shni investor can apply for is ( shares, lots). Minimum amount required for bHni investor is ( shares, lots).
IPO Details, Price, Market Lot
IPO Details |
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| IPO Open Date | |
| IPO Close Date | |
| IPO Issue Size | |
| Issue (Sale Type) | |
| Fresh Issue | |
| Offer for Sale | |
| Offered to Public | |
| Reserved for Market Maker | |
| Market Maker | |
| Share Holding (Pre Issue) | |
| Share Holding (Post Issue) | |
| Listing At | |
IPO Reservation |
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| Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII), is reserved for QIB, and is reserved for market maker . | |
| Retail Quota | |
| NII Quota | |
| QIB Quota | |
| Market Maker Quota | |
| Total | |
IPO Price |
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| has set a price band of , lot size is of and face value is . | |
| Face Value | |
| Price Band | |
| Lot Size | |
| IPO Issue Type | |
IPO Date (Time Table, Tentative) |
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| IPO will open for subscription on and close on . Basis of allotment will be decided on , initiation of refund will begin on and IPO will be listed on at . | |
| IPO Open Date | |
| IPO Close Date | |
| Basis of Allotment Date | |
| Initiation of Refunds | |
| Credit of Share to Demat Account | |
| IPO Listing Date | |
| IPO Cut-off time (UPI mandate confirmation) | |
Company Promotor & Promotor's Holding |
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| Madhusudan Sarda, Urvashi Sarda, Priyanandini Sarda and ARS Merchants Pvt. Ltd are the promoters of company. | |
| Pre Issue Promotor Holding | |
| Post Issue Promotor Holding | |
IPO Registrar |
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IPO Lead Manager |
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| is the book running lead manager, is the registrar and the market maker of the IPO | |
IPO Financial Indicator (valuations) |
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| Market Capitalization | |
| Debt/Equity | |
| ROCE | |
| RONW | |
| P/BV | |
| PAT Margin | |
| EBITDA | |
IPO P/E ratio and EPS |
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| EPS (Pre IPO) | |
| EPS (Post IPO) | |
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| P/E ratio (Post IPO) | |
IPO Lot Size and Required Amount
has set a price band of and lot size is of . Retail investors can bid for a minimum and maximum of lots ( shares), requiring an investment of . Small HNI (sHNI) investors can bid for a minimum of lots ( shares), requiring an investment of and maximum of lots ( shares), requiring an investment of .Big HNI (bids > 10 Lakh, bHNI) investors can bid for a minimum of Lots ( shares), requiring an investment of . Calculated at the cut-off price (the upper end of the price band).
| Number of Shares Per Lot = | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | |||
| Retail (Maximum) | |||
| S-HNI (Minimum) | |||
| S-HNI (Maximum) | |||
| B-HNI (Minimum) | |||
| Number of Shares Per Lot = | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
Financials
| 30 Nov 25 ₹ in crore | 31 Mar 25 ₹ in crore | 31 Mar 24 ₹ in crore | 31 Mar 23 ₹ in crore | |
|---|---|---|---|---|
| Assets | 100.58 | 87.52 | 70.12 | 51.77 |
| Revenue | 60.66 | 101.17 | 104.97 | 78.88 |
| Profit After Tax | 4.3 | 6.63 | 5.82 | 3.41 |
| EBITDA | 10.76 | 15.06 | 13.16 | 6.39 |
| Net Worth | 26.33 | 22.03 | 15.41 | 9.65 |
| Total Borrowing | 52.05 | 46.71 | 36.37 | 29.46 |
| Reserves & Surplus | 16.32 | 12.02 | 13.71 | 7.97 |
IPO Listed Peers Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Gabion Technologies India Ltd | (Gabion) | 6.64(Gabion) | 6.64(Gabion) | 22.08(Gabion) | 30.05(Gabion) | (Gabion) |
| SRM Contractors Ltd | 22.40(SRM) | 23.97(SRM) | 23.97(SRM) | 120.09(SRM) | 19.96(SRM) | 4.47(SRM) |
About
Incorporated in 2008, based in New Delhi, Gabion Technologies India Limited is a civil engineering and geosynthetics company that manufactures steel wire mesh gabions and related geo engineering products for infrastructure and environmental applications. The company started its operation by manufacturing steel wire mesh gabions and gradually added geosynthetics and ground improvement solutions for domestic and select international markets.As of 30 November 2025, the company employed about 159 full‑time employees and also uses contract labour at project sites.
Products and services
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Key products include: It includes double twisted hexagonal steel wire mesh gabions, defence gabions, PP rope gabions, revet mattresses, sack gabions, high tensile rockfall protection netting, geomats, rockfall barriers, geotextiles, geobags, HDPE geomembranes, PET/PP geogrids, jute geotextiles, coir mats, 3D drain sheets, concrete geomats and steel anchors.
- Technical services: It covers geotechnical design, ground improvement techniques, site execution and turnkey project implementation in roads, railways, hydraulic structures, mining, airports and hill area slope protection.
Projects, clients
- The company has completed 76 projects with an aggregate contract value of about ₹127.6 crore, including 36 road projects, 12 railways, 8 private commercial, 9 energy, 3 mining, 3 airports, 3 defence and 2 water resources projects.
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Serves both government and private sector: key customer categories include central and state agencies, infrastructure contractors, consultants and private industrial clients.
Business overview
- The company provides infrastructure solutions such as gabion structures, retaining walls, slope and rockfall protection, and products or services for irrigation and mining projects.
- It has completed several projects across roads, railways, energy, airports, defence and water resources, giving it diversified exposure within core infrastructure.
- Promoters include Madhusudan Sarda, Urvashi Sarda, Priyanandini Sarda and ARS Merchants Pvt. Ltd., who will also retain majority control post issue.
Objects of the Issue
| S.No | Particulars | Amount |
|---|---|---|
| 1 | Working Capital Requirements | up to 22.11 crore |
| 2 | Capital Expenditure Requirements for purchasing of plant and machinery | Up to 1.06 crore |
| 3 | General Corporate Purposes | |
| Total |
IPO Review (Strength & Weakness)
Strength
- Focused niche in infrastructure solutions (gabion, retaining walls, slope protection) linked to high spend sectors like roads, railways, defence and mining.
- Strong return ratios and stable margins displays the reasonably efficient operations.
- Entirely a fresh issue, with proceeds mainly for working capital and some capex (capex requirements for purchasing of plant and machinery), which can support growth.
Weakness
- Business depends heavily on the infrastructure and government spending cycle, and tender based work is typically competitive with possible margin pressure.
- High leverage, any slowdown, delay or cancellations in infrastructure orders can create pressure because of interest costs.
IPO Subscription Status Today (Live)
| Contact & Address | |
| Gabion Technologies India Ltd 38, SF Near MCD Park Mohammadpur New Delhi, New Delhi, 110066 Phone: 9818793385 Email: compliance@gabionindia.com Website: https://gabionindia.com/ |
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| IPO Prospectus & Documents | |
| IPO Prospectus | |
IPO FAQs
IPO is an SME IPO. The company will raise upto for . Face value is , Price band is , and cutt off price is . The IPO opens on and closes on . is the registrar and shares of IPO will be listed at .
The issue size of IPO is . For fresh issue: and for offer for sale: .
Price band for IPO is . Applying IPO application at cutt off price (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of IPO is of . Minimum order quantity for retail investor is shares ( lots) and required amount is . Minimum order quantity for sHNI is shares ( lots) and required amount is . Minimum order quantity for bHNI investor is shares ( lots) and required amount is .
The investors portion reserved for QIB is , reserved for HNI is and reserved for retail investors.
The IPO will be available for subscription from to . IPO open date is and close date is .
Allotment date for IPO is . On the allotment date, after the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is .
The IPO will be listed on at .