Gabion Technologies is set to list its shares on the BSE SME platform, and investors are already buzzing about a strong 37% grey‑market premium.
Key IPO Details
- Issue size: ₹29 crore (fresh issue only)
- Shares offered: 3.6 million equity shares
- Price band: ₹76‑₹81 per share
- Subscription period: Jan 6 – Jan 8
- Listing date: Jan 13 on BSE SME
Pricing Insight
The grey‑market premium (GMP) is around ₹30 per share, suggesting a potential listing price near ₹110‑₹112 if the trend holds. Remember, GMP is an informal sentiment gauge and can shift as the listing approaches.
Who Can Subscribe?
- Qualified Institutional Buyers (QIBs): ~47% of the issue
- Retail investors: ~33% of the issue (minimum 2 lots = 3,200 shares, about ₹2.59 lakh at the top price)
- Non‑institutional investors: remaining portion (HNI entry at roughly ₹3.88 lakh)
What Does Gabion Technologies Do?
The company makes steel gabions and provides geosynthetics, geotechnical engineering, and ground‑improvement solutions. Its products are used in infrastructure projects such as roads, railways, airports, irrigation, mining, and defence works, especially for slope stabilisation, retaining walls and rock‑fall protection.
Track Record
- 76 projects completed with a total contract value of about ₹128 crore
- Order book includes government agencies, private contractors and infrastructure developers
- Workforce: 159 employees plus project‑based contractual labour
Financial Snapshot
For FY25, revenue fell 4% year‑on‑year, but profit after tax rose 14%, indicating improving profitability despite a slight dip in sales.
Use of IPO Proceeds
- Working capital: ~₹22 crore
- Capital expenditure: small portion
- General corporate purposes: remaining amount
How to Apply
Retail investors can apply through their broker or online trading platform during the subscription window. Ensure you meet the minimum lot requirement and have sufficient funds for the chosen price band.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before investing.