Gabion Tech IPO Debuts Strong, Shares Soar 14.81% on First Trading Day
Business
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Moneycontrol•13-01-2026, 16:54
Gabion Tech IPO Debuts Strong, Shares Soar 14.81% on First Trading Day
- •Gabion Technologies India's IPO was oversubscribed 826 times, indicating strong investor interest.
- •Shares, issued at ₹81, listed at ₹89 on BSE SME, providing a 9.88% listing gain.
- •After an initial dip to the lower circuit, the stock recovered to hit the 5% upper circuit at ₹93.45.
- •Gabion Tech closed its first trading day at ₹93.00, securing a 14.81% profit for IPO investors.
- •The company plans to use IPO funds for plant machinery, working capital, and general corporate purposes.
Why It Matters: Gabion Tech IPO delivered a strong debut, closing 14.81% above its issue price on day one.
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