New Delhi, 06 January (H.S.): Gabion Technologies India Limited, a manufacturer of steel gabions, has launched its initial public offering (IPO) worth ₹29.16 crore. The subscription window for the IPO will remain open until January 8, with allotment scheduled for January 9.

Allotted shares will be credited to demat accounts on January 12, and the company’s shares are expected to be listed on the BSE SME platform on January 13.The IPO price band has been set between ₹76 and ₹81 per share, with a lot size of 1,600 shares. Retail investors can bid for up to two lots (3,200 shares), requiring an investment of up to ₹259,200.

The issue comprises 36 lakh new shares with a face value of ₹10 each.Ahead of the IPO opening, Gabion Technologies India raised ₹8.28 crore from eight anchor investors on January 5. These include HDFC Bank Limited, Neo Dynamic Strategic Fund, Master Growth 369, Warthon Opportunities Fund, SB Opportunities Fund, Tiger Strategies Fund, 360 One Treasury Solutions Fund, and Vikasa India EIF Fund.

The IPO allocation is as follows: 47.38% reserved for qualified institutional buyers (QIBs), 33.33% for retail investors, 14.27% for non-institutional investors (NIIs), and 5.02% for market makers. Giriraj Stock Broking Private Limited is the market maker for the issue, while Kefin Technologies Limited is the registrar. JVR Capital Advisors Private Limited has been appointed as the book-running lead manager.

Financially, Gabion Technologies India has shown consistent improvement, according to its draft red herring prospectus (DRHP) filed with SEBI. The company reported a net profit of ₹3.41 crore in FY 2022-23, which rose to ₹5.82 crore in FY 2023-24 and further increased to ₹6.63 crore in FY 2024-25.

As of November 2025, the company has already earned a net profit of ₹4.30 crore in the current fiscal year.Revenue saw a modest fluctuation, rising from ₹78.88 crore in FY 2022-23 to ₹104.97 crore in FY 2023-24, before slightly dipping to ₹101.17 crore in FY 2024-25. As of November 2025, the company’s revenue stood at ₹60.66 crore.

The company’s debt burden has increased steadily, from ₹29.46 crore at the end of FY 2022-23 to ₹36.37 crore in FY 2023-24, ₹46.71 crore in FY 2024-25, and ₹52.05 crore as of November 2025.Reserves and surplus have also grown, from ₹7.97 crore in FY 2022-23 to ₹13.71 crore in FY 2023-24, ₹12.02 crore in FY 2024-25, and ₹16.32 crore as of November 2025.

EBITDA (earnings before interest, taxes, depreciation, and amortization) rose from ₹6.39 crore in FY 2022-23 to ₹13.16 crore in FY 2023-24, further increasing to ₹15.06 crore in FY 2024-25. As of November 2025, EBITDA stood at ₹10.76 crore.

Hindusthan Samachar / Jun Sarkar