Gabion Technologies India Limited IPO

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Gabion Technologies India was incorporated on February 18, 2008 by its Promoter, Mr. Madhusudan Sarda. Since its inception, the Company has built strong capabilities in the field of geosynthetics, geotechnical engineering, and ground improvement solutions, serving infrastructure, civil engineering, and environmental protection projects across India.

Business Model and Core Strengths

Gabion Technologies India operates as an integrated, end-to-end infrastructure solutions provider, combining manufacturing, trading, design, engineering, and project execution under one roof. The Company functions not only as a product manufacturer and supplier but also as a works contractor and technology partner, capable of delivering turnkey EPC solutions for complex infrastructure projects.

Business Verticals

The Company operates through three key business verticals:

1. Manufacturing: Mechanically woven Double Twisted Hexagonal Steel Wire Mesh Gabions, Defence Gabions, PP Rope Gabions, Gabion Mattress, Sack Gabions, Tail Mesh Gabions, High Tensile Rockfall Protection Nettings and Rockfall Barriersa and Reinforced Geomats and High Strength Flexible Geogrids. Steel Gabions remain the primary and flagship product of the Company.

2. Services (Design & Execution): Design and construction of Gabion structures, Slope stabilization using Anchor-Mesh systems, Geotechnical engineering and ground improvement solutions and Turnkey execution of government and private works contracts. Gabion Technologies India undertakes EPC and works contracts with minimal reliance on third parties, ensuring quality control and timely execution.

3. Trading: Woven and non-woven geotextiles, Geocells, PP and PET Geogrids, Geomembranes, geomats, drainage composites and Anchors, weld mesh, chain-link mesh, drainage pipes. This enables customers to source a complete basket of geosynthetic and infrastructure products from a single vendor.

End-Use Applications and Industry Presence

The products and services of Gabion Technologies India are extensively used across multiple sectors, including:

i) Roads, railways, airports, and water resources
ii) Energy, mining, and defence
iii) Real estate developments, resorts, and commercial complexes

Applications include retaining walls, reinforced soil structures, slope stabilization, erosion control, rockfall protection, flood protection walls, river training, ash pond lining, ground improvement, and land reclamation.

Project Execution Track Record

Since incorporation, Gabion Technologies India has Successfully completed 76 projects with an aggregate value of ₹12,760.59 lakhs, Executed projects across roads, railways, energy, mining, airports, defence, and water resources and Built a strong order book of ₹17,247.44 lakhs as of the RHP date.

Objects of the Gabion Technologies India Limited IPO:

Company proposes to utilize the funds being raised towards the following objects: 1. Working capital requirements (₹ 22.11 cr) 2. Capex Requirement for purchasing plant and machinery (₹ 1.05 cr) 3. General Corporate Purposes.

Gabion Technologies India Limited IPO Details:

Open Date: Jan 06 2026
Close Date: Jan 08 2026
Total Shares: 36,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 29 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 76-81 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 13 2026

Promoters And Management:

1. Mr. Madhusudan Sarda (48) is the Chairman, Managing Director and Promoter of the Company. He holds a B.Sc. in Electrical Engineering and Computer Science from MIT and has over 25 years of experience in marketing, gabion manufacturing, and geotechnical engineering. He oversees the Company’s sales, project execution, operations, and strategic decision-making. 2. Mrs. Urvashi Sarda (45) is a Promoter and Whole-Time Director. She holds a Bachelor’s degree in Computer Science from the University of Pune and has over 17 years of experience in gabion manufacturing and geotechnical engineering. She has been associated with the Company since 2009 and manages design and operational functions. 3. Ms. Priyanandini Sarda (22) is a Promoter and Non-Executive Director. She holds a B.Sc. in Psychology from the University of Durham and joined the Company on November 11, 2024, contributing to the Company’s long-term vision.

Financials of Gabion Technologies India Limited IPO:

Particulars 8M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 60 100 105.00 79
EBITDA (Cr) 11 15 13 6
EBITDA Margins 18% 15% 13% 8%
PAT (Cr) 4 7 6 3
PAT Margins 7% 7% 6% 4%
ROCE 11.6% 19.2% 21.9% 14.4%
OPerating Cash Flow 1.98 2.12 2.37 3.06
Debt to Equity Ratio(In Times) -0.21 -3.62 -1.84 -4.31

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Gabion Technologies India Limited 100 15% 7% 19.2% 2.12 109.96 15.71
SRM Contractors Limited 527 15% 9% 31% 0.20 1220 17.60
NOTE:Forward P/E 18.32 is According to FY 2026 PAT

Lead Manager of Gabion Technologies India Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Gabion Technologies India Limited IPO:

  1. Kfin Technology Private Limited

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