IPO Details
IPO Open Date
06 Jan 2026
IPO Close Date
08 Jan 2026
Issue Size
Approx ₹29 Crores
Price Band
₹76 to ₹81 Per Share
Total Applications
4,00,344
Listing Price
₹89.00
Listing Percent
9.88%
Important Note
"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portion of anchor investors (or market makers) is not included in the total number of shares offered.
: Market Maker portion is not included to NII/HNI.
Gabion Technologies India IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) | Total Applications |
|---|---|---|---|---|---|
| Anchor Investors | 1 | 10,22,400 | 10,22,400 | ₹ 8.28 | - |
| Market Maker | 1 | 1,80,800 | 1,80,800 | ₹ 1.46 | - |
| QIB (Ex Anchor) | 271.13 | 6,83,200 | 18,52,38,400 | ₹ 1,500.43 | - |
| Non-Institutional Buyers | 1,467.78 | 5,13,600 | 75,38,51,200 | ₹ 6,106.19 | - |
| bNII (bids above ₹10L) | 1,780.71 | 3,42,400 | 60,97,16,800 | ₹ 4,938.71 | - |
| sNII (bids below ₹10L | 841.91 | 1,71,200 | 14,41,34,400 | ₹ 1,167.49 | - |
| Individual Investors | 867.23 | 12,00,000 | 1,04,06,72,000 | ₹ 8,429.44 | - |
| Total | 826.00 | 23,96,800 | 1,97,97,61,600 | ₹ 16,036.07 | 4,00,344 |
Day-wise Subscription Details (Times)
| Date | QIB (Ex Anchor) | NII | sNII (> ₹10L) | bNII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 08 Jan 2026 | 271.13 | 1,467.78 | 1,780.71 | 841.91 | 867.23 | 826.00 |
| 07 Jan 2026 | 6.45 | 325.83 | 372.27 | 232.94 | 275.21 | 209.45 |
| 06 Jan 2026 | 1.47 | 93.60 | 104.21 | 72.38 | 82.25 | 61.66 |
Note: QIB = Qualified Institutional Buyers, NII = Non-Institutional Investors, sNII = Small NII, bNII = Big NII
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| Market Maker | 1,80,800 | ₹ 1.46 | 5.02% |
| QIB | 17,05,600 | ₹ 13.82 | 47.38% |
| Anchor Investor | 10,22,400 | ₹ 8.28 | 28.40% |
| QIB (Ex Anchor) | 6,83,200 | ₹ 5.53 | 18.98% |
| NII* | 5,13,600 | ₹ 4.16 | 14.27% |
| bNII (bids above ₹10L) | 3,42,400 | ₹ 2.77 | 9.51% |
| sNII (bids below ₹10L) | 1,71,200 | ₹ 1.39 | 4.76% |
| Retail | 12,00,000 | ₹ 9.72 | 33.33% |
| Total | 36,00,000 | ₹ 29.16 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 6,83,200 | 10,22,400 | 17,05,600 | 1,71,200 | 3,42,400 | 5,13,600 | 12,00,000 | 34,19,200 |
| Allotment price (Rs.) | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 |
| No.of applications | 112 | 8 | 120 | 28,204 | 45,245 | 73,449 | 3,18,804 | 3,92,373 |
| No.of shares applied | 18,49,13,600 | 19,84,000 | 18,68,97,600 | 14,40,94,400 | 60,95,71,200 | 75,36,65,600 | 1,02,01,72,800 | 1,96,07,36,000 |
| Amount collected (Rs.cr.) | 1,497.80 | 16.07 | 1,513.87 | 1,167.16 | 4,937.53 | 6,104.69 | 8,263.40 | 15,881.96 |
| No.of times subscribed | 270.66 | 1.94 | 109.58 | 841.67 | 1780.29 | 1467.42 | 850.14 | 573.45 |
| No.of shares allotted | 6,83,200 | 10,22,400 | 17,05,600 | 1,71,200 | 3,42,400 | 5,13,600 | 12,00,000 | 34,19,200 |
| Amount (Rs.cr.) | 5.53 | 8.28 | 13.82 | 1.39 | 2.77 | 4.16 | 9.72 | 27.70 |
| No.of allottees | 97 | 8 | 105 | 35 | 71 | 106 | 375 | 586 |
Anchor Investors Allocation
Anchor Bid Date: 05 Jan 2026
Anchor Price: ₹81.00
Anchor as % of QIBs: 59.94 %
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
HDFC BANK LTD.
HDFC BANK
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| 2 |
NEO ALTERNATIVES INVESTMENT TRUST-NEO DYNAMIC STRATEGY FUND
NEO
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| 3 |
360 ONE LVF TREASURY SOLUTIONS FUND
360 ONE
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| 4 |
Vorton Opporiunities Fund
Vorton Opporiunities Fund
|
1,37,600 | ₹ 1.11 | 13.46 | 3.82 |
| 5 |
VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES
VIKASA
|
1,36,000 | ₹ 1.10 | 13.30 | 3.78 |
| 6 |
MASTERGROWTH 369
MASTERGROWTH 369
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| 7 |
SB OPPORTUNITIES FUND II
SB OPPORTUNITIES FUND
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| 8 |
TIGER STRATEGIES FUND 1
TIGER STRATEGIES
|
1,24,800 | ₹ 1.01 | 12.21 | 3.47 |
| Total | 1,022,400 | ₹ 8.27 | 100% | 28.42% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period