Gabion Technologies India Limited IPO
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:
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:
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:
Registrar of Gabion Technologies India Limited IPO:
Discussion on Gabion Technologies India Limited IPO:
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