Gabion Technologies IPO allotment: Check status online on BSE, KFin Technologies websites; listing date, time here

Gabion Technologies IPO allotment: The basis of allotment for the Gabion Technologies IPO is expected to be finalised on Friday, January 9. Investors who have applied for the initial public offering can head to the websites of BSE and KFin Technologies to check bid finalisation details.

The initial share sale was subscribed 768.13 times, according to the BSE data. It got bids for 1,97,99,42,400 shares as against 25,77,600 shares on offer.

Non-institutional investors led the bidding, subscribing their portion 1,085.88 times. The individual investor part was booked 867.23 times. The category for qualified institutional buyers was subscribed 271.13 times.

The IPO was entirely a fresh issuance of 36 lakh shares worth ₹29.16 crore, with no offer for sale (OFS) component.

The money raised will be utilised for working capital needs, corporate general purposes and capital expenditure for purchasing plant and machinery.

The price band was fixed at ₹76 to ₹81 per share. A lot consisted of 1,600 shares and the minimum investment for an individual investor was two lots or 3,200 shares.

Gabion Technologies India designs, manufactures and installs services of rockfall protection nettings, gabions and geosynthetic materials for environmental protection projects and infrastructure development.

Gabion Technologies IPO allotment date and time

Gabion Technologies IPO allotment status is likely to be finalised on Friday, January 9, by late evening.

How to check Gabion Technologies IPO allotment status online on BSE

• Visit allotment status page of BSE: https://bseindia.com/investors/appli_check.aspx
• Keep the issue type as 'Equity'
• Pick ‘Gabion Technologies Limited’ from ‘Issue Name’ dropdown
• Fill in your IPO application number or PAN (Permanent Account Number) details
• Hit the 'Search' button

Steps to check Gabion Technologies IPO allotment status online on KFin Technologies

• Visit KFin Technologies' bid finalisation website: https://ipostatus.kfintech.com/
• Choose ‘Gabion Technologies Ltd' from the ‘Select IPO’ section
• Add your IPO application number, Demat account number or PAN
• Press the ‘Submit’ button

Gabion Technologies IPO listing date and time

Shares of Gabion Technologies will hit the BSE SME platform on Tuesday, January 13, at 10 am.

Gabion Technologies IPO GMP

According to media reports and investorgain.com, unlisted shares of Gabion Technologies India are trading at ₹113, reflecting a grey market premium of 39.51%, or ₹32, over the upper price band of ₹81.