The first IPO of 2026 is almost here – Gabion Technologies is opening its IPO for subscription from January 6 to January 8, 2026.
Even before the IPO opens, the company’s shares are creating a buzz in the market.
In the gray market, Gabion Technologies shares are already trading at a premium of over 30%, signaling strong investor interest.
The total IPO size is up to ₹29 crore.
IPO Price and Grey Market Premium
The IPO price of Gabion Technologies shares is set at ₹81 per share.
In the gray market, the shares are trading with a premium of ₹25, which means they could list at around ₹106 when they hit the stock market.
The shares are expected to be listed on the SME platform of BSE on January 13, 2026, while the IPO allotment will be finalized on January 9.
How to Invest and About the Company
Private investors can bid for only two lots, totaling 3,200 shares, which means a minimum investment of ₹2,59,200.
The company’s promoters include Madhusudan Sarda, Urvashi Sarda, Priyanandini Sarda, and ARS Merchants Private Limited.
Gabion Technologies, incorporated in February 2008, specializes in steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services.
The company manufactures double twisted hexagonal steel wire mesh gabions, defense gabions, PP rope gabions, high-tensile rockfall protection nettings, and reinforced geomats.
This IPO is attracting attention because of its strong grey market performance, making it an interesting opportunity for investors looking to enter the SME segment.