Gabion Technologies India Ipo
Gabion Technologies India IPO Review & Key Points
Review: May Apply
Rating: 3
IPO Lead Managers aka Merchant Bankers
GYR Capital Advisors Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | January 6, 2026 |
| IPO Close Date | January 8, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹76 to ₹81 Per Share |
| Issue Size | Approx ₹29 Crores |
| Fresh Issue | Approx ₹29 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,59,200 |
| Retail Maximum | 2 | 3,200 | ₹2,59,200 |
| S-HNI Minimum | 3 | 4,800 | ₹3,88,800 |
| S-HNI Maximum | 7 | 11,200 | ₹9,07,200 |
| B-HNI Minimum | 8 | 12,800 | ₹10,36,800 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 10,22,400 Shares | 28.40% |
| QIB (Ex. Anchor) | 6,83,200 Shares | 18.98% |
| NII Shares Offered | 5,13,600 Shares | 14.27% |
| Retail Shares Offered | 12,00,000 Shares | 33.33% |
| Anchor Bidding Date | January 5, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,22,400 Shares |
| Anchor Size | 8.28 Cr. |
| lock-in period end date 50% shares (30 Days) | February 8, 2026 |
| lock-in period end date 50% shares (90 Days) | April 9, 2026 |
| IPO Open Date: | January 6, 2026 |
| IPO Close Date: | January 8, 2026 |
| Basis of Allotment: | January 9, 2026 |
| Refunds: | January 12, 2026 |
| Credit to Demat Account: | January 12, 2026 |
| IPO Listing Date: | January 13, 2026 |
| IPO Bidding Cut-off Time: | January 8, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 99,75,360 | 100.00% |
| Promoter Holding Post Issue | 1,35,75,360 | -% |
| Purpose | Crores |
| Working Capital Requirements | ₹22.11 |
| Meeting Capex Requirements for purchasing of plant and machinery | ₹1.06 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹78.88 | ₹74.26 | ₹3.41 | ₹51.77 |
| 2024 | ₹104.97 | ₹97.04 | ₹5.82 | ₹70.12 |
| 2025 | ₹101.17 | ₹92.12 | ₹6.63 | ₹87.52 |
| November 2025 | ₹60.66 | ₹54.83 | ₹4.30 | ₹100.58 |
| KPI | Values |
| ROE: | 30.05% |
| ROCE: | 19.17% |
| EBITDA Margin: | 14.89% |
| PAT Margin: | 6.60% |
| Debt to equity ratio: | 2.12 |
| Earning Per Share (EPS): | ₹6.64 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.05% |
| Net Asset Value (NAV): | ₹22.08 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| SRM Contractors Limited | 23.97 | 22.40 | 19.96% | 120.09 | 542.05 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |