The "Final Tally": Subscription Breakdown
Data as of 5:00 PM, January 8, 2026
| Investor Category | Subscription Status |
|---|---|
| Retail Individual (RII) | ~708x (Massive demand for the 3,200-share lot) |
| Non-Institutional (NII/HNI) | ~867x |
| Qualified Institutional (QIB) | ~199x |
| Overall Subscription | ~616.30x |
Listing & Grey Market Cues
- Grey Market Premium (GMP): Currently trading at ₹30–₹32 over the issue price.
- Estimated Listing Price: Approximately ₹111–₹113 (Issue Price of ₹81 + GMP).
- Projected Gain: Investors are eyeing a potential 37% to 40% listing pop when the shares debut on January 13, 2026.
Why Did Investors Rush In? — 3 Growth Engines
- Specialized Infrastructure Play: Gabion is a niche player in soil erosion control and slope stabilization—technologies that are becoming mandatory for India's massive hill-region road and railway projects (like the Char Dham and Himalayan rail links).
- Robust Financials: The company reported a Profit After Tax (PAT) of ₹6.63 crore in FY25. More impressively, it maintains a Return on Net Worth (RoNW) of over 30%, indicating high capital efficiency.
- Order Book Visibility: As of late 2025, the company had a strong work order book of ₹172.47 crore, providing revenue visibility for the next two fiscal years.
Important Dates for Bidders
- Allotment Finalization: January 9, 2026 (Tomorrow)
- Refund Initiation: January 12, 2026
- Credit of Shares to Demat: January 12, 2026
- Listing Day (BSE SME): January 13, 2026
Loading comments...