New Delhi, 13 January (H.S.): Shares of Gabion Technology India Limited, a company manufacturing steel gabions, made a premium entry into the stock market today, delighting its IPO investors. The shares were issued at ₹81 under the IPO. Today, they listed on the BSE SME platform at ₹89, a 9.88 percent premium.

However, investors faced a jolt shortly after listing as selling pressure caused the share price to decline. Profit booking began immediately after listing, driving the company's shares down to the lower circuit level of ₹84.55 by 10 AM.

Despite the lower circuit, the company's IPO investors remain in profit by 4.38 percent today.Gabion Technology India Limited's ₹29.16 crore IPO was open for subscription from January 6 to 8. The IPO received an overwhelming response from investors, getting subscribed 826 times overall.The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 271.13 times (excluding anchors).

Meanwhile, the portion for Non-Institutional Investors (NIIs) saw 1,476.78 times subscription. Similarly, the retail investors' reserved portion was subscribed 867.23 times. Under this IPO, 36 lakh new shares of ₹10 face value were issued. The company will use the proceeds for purchasing a new plant and machinery, meeting working capital requirements, and general corporate purposes.

Regarding the company's financial position, according to claims made in the Draft Red Herring Prospectus (DRHP) filed with capital markets regulator SEBI, its financial health has consistently strengthened.

In the financial year 2022-23, the company reported a net profit of ₹3.41 crore, which rose to ₹5.82 crore in the next financial year 2023-24 and jumped to ₹6.63 crore in FY 2024-25. In the current financial year, the company has already achieved a net profit of ₹4.30 crore as of the end of November 2025.

During this period, the company's revenue also experienced minor fluctuations. It recorded total revenue of ₹78.88 crore in FY 2022-23, which increased to ₹104.97 crore in FY 2023-24 before slipping to ₹101.17 crore in FY 2024-25. In the current financial year, the company has received revenue of ₹60.66 crore as of November 30, 2025.

Over this period, the company's debt has also steadily increased. At the end of FY 2022-23, the company had debt of ₹29.46 crore, which grew to ₹36.37 crore in FY 2023-24 and surged to ₹46.71 crore in FY 2024-25. In the current financial year, the debt burden stood at ₹52.05 crore as of November 2025.

During this time, the company's reserves and surplus also grew. They stood at ₹7.97 crore in FY 2022-23, rising to ₹13.71 crore in 2023-24. Similarly, in 2024-25, reserves and surplus reached ₹12.02 crore. As of November 30, 2025, in the current financial year, they have climbed to ₹16.32 crore.

Likewise, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was at ₹6.39 crore in 2022-23, increasing to ₹13.16 crore in 2023-24. In 2024-25, the company's EBITDA reached ₹15.06 crore. As of November 30, 2025, in the current financial year, it stood at ₹10.76 crore.

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Hindusthan Samachar / Jun Sarkar