Gabion Technologies India shares experienced a sharp decline today, hitting the 5% lower circuit after their debut on the stock market. The company's initial public offering (IPO) listed on the BSE SME platform on January 13, 2025, marking a significant day for investors.
Stock Debut and Initial Performance
Gabion Technologies shares began trading at ₹89 per share on the BSE SME. This opening price represented a premium of 9.87% over the IPO issue price of ₹81 per share. The debut showed initial strength, but the stock quickly faced selling pressure.
Lower Circuit Triggered
Following the listing, Gabion Technologies shares slumped by 5% from their opening price. The stock was locked in at the lower circuit limit of ₹84.55 per share. Despite this drop, the current price still reflects a gain of 4.38% compared to the original IPO price.
Grey Market Premium and Street Estimates
The listing performance fell below market expectations. Before the debut, the grey market premium (GMP) for Gabion Technologies IPO was ₹31 per share. This GMP had indicated a potential debut at a premium of more than 38%, making the actual listing a disappointment for some traders.
IPO Details and Timeline
Gabion Technologies IPO opened for subscription on January 6, 2026, and closed on January 8, 2026. The allotment of shares was completed on January 9, with the listing following on January 13. The company raised ₹29.16 crore through this book-building issue, which involved a fresh issue of 36 lakh shares.
The price band for the IPO was set between ₹76 and ₹81 per share. GYR Capital Advisors Pvt. Ltd. acted as the book running lead manager for the offering. Kfin Technologies Ltd. served as the registrar for the Gabion Technologies IPO.
Current Market Status
As of 10:30 AM, Gabion Technologies share price stood at ₹84.55 per share on the BSE SME. This price reflects a 5% decrease from the listing price but maintains a 4.38% increase over the issue price. The stock's movement highlights the volatility often seen in SME listings.
Investors are closely watching Gabion Technologies as it navigates its early days in the public market. The lower circuit hit underscores the challenges new listings can face amid market pressures.
