Gabion Technologies IPO Day 1: Check live subscription status, price band, lot size and key details

Gabion Technologies IPO: The initial public offering of geotechnical engineering and infrastructure solutions provider Gabion Technologies India opened for subscription on Tuesday, January 6. The issue will conclude on January 8.

The ₹29.16 crore initial share sale, with a price band of ₹76 to ₹81 per share, is exclusively a fresh issuance of 36,00,000 equity shares, with no offer for sale (OFS) component.

The funds generated will be allocated for meeting capital expenditure needs for purchasing plant and machinery, working capital requirements and general corporate purposes.

Gabion Technologies IPO Day 1: Subscription status

Gabion Technologies IPO: Lot size

A lot consists of 1,600 shares. The least investment for an individual investor is 3,200 shares.

Prior to the IPO, the company mobilised ₹8.2 crore from eight anchor investors, including HDFC Bank, 360-ONE group, Neo Asset Management, Vorton Opportunities Fund, Master Growth 369, Vikasa India EIF I Fund Incube Global Opportunities, Tiger Strategies Fund-I and SB Opportunities Fund-II.

The firm allocated a little over 10.22 lakh shares at ₹81 per share, which is the upper price band of the issue.

Gabion Technologies IPO timeline: Allotment and listing date

• Subscription period: January 6 to January 8
• Finalisation of basis of allotment: January 9
• Initiation of refunds: January 12
• Credit of equity shares to Demat account: January 12
• Listing on NSE and BSE: January 13

Gabion Technologies India Ltd, incorporated in 2008, manufactures, designs, and installs services of gabions, geosynthetic materials, and rockfall protection nettings to meet the needs of infrastructure development and environmental protection projects.

Gabion Technologies IPO GMP

According to media reports and investorgain.com, Gabion Technologies India's unlisted shares are trading at ₹111, reflecting a grey market premium of 37.04% over the upper price band of ₹81.