Gabion Technologies IPO Day 3: Check live subscription status, allotment date and steps

Gabion Technologies IPO: Geotechnical engineering and infrastructure solutions company Gabion Technologies' initial public offering has been subscribed 616.30 times so far on the final day of bidding on Thursday, January 8.

It received bids for 1,58,85,79,200 shares as against 25,77,600 shares on offer, as per the BSE data until 2:34 pm. The qualified institutional buyers' part was booked 199.23 times, while the non-institutional investors' portion was subscribed 867.75 times. The category for individual investors was subscribed to 708.25 times.

The ₹29.16-crore initial share sale, with a price band of ₹76 to ₹81 per share, is a fresh issuance of 36 lakh shares.

The objectives of the offer include working capital requirements, general corporate purposes and capital expenditure for buying plant and machinery.

The lot size is 1,600 shares. The least investment for an individual investor is two lots or 3,200 shares.

Gabion Technologies India is engaged in designing, manufacturing and installing services of gabions, rockfall protection nettings and geosynthetic materials for infrastructure development and environmental protection projects.

Gabion Technologies IPO: Allotment and listing date

The basis of allotment of the Gabion Technologies India IPO is expected to be finalised on January 9. The listing on the BSE SME platform will occur on January 13.

How to check Gabion Technologies IPO allotment status on BSE

• Go to BSE's allotment status page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as ‘Equity’
• From the ‘Issue Name’ list, select ‘Gabion Technologies Ltd’
• Add PAN or IPO application number
• Press the 'Search' button

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

• Go to the registrar's bid finalisation page: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, pick ‘Gabion Technologies Ltd'
• Fill in your IPO application number, PAN or Demat account number
• Click on ‘Submit’

Gabion Technologies IPO GMP

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