Mumbai, January 8, 2026: Gabion Technologies India Limited (GTIL) has entered the final day of its IPO subscription today after witnessing an overwhelming response over the first two days of bidding. By the close of Day 2 on January 7, the issue was subscribed 194.83 times, reflecting intense demand across investor categories.
The IPO, which opened on January 6, will close for subscription later today, January 8, 2026.
Day 2 Recap: Subscription Multiplies Sharply
As of 5:00 PM on January 7, the IPO received bids for 50.22 crore equity shares against 25.78 lakh shares on offer. Investor interest accelerated significantly on Day 2, building on the strong momentum seen on the opening day.The Retail Individual Investor (RII) segment emerged as a key driver, subscribing 275.21 times, supported by more than 1.03 lakh applications.
The Non-Institutional Investor (NII) category also saw extraordinary traction, closing Day 2 with a subscription of 241.25 times. Within this segment, bids from investors applying for more than ₹10 lakh pushed the HNI portion to a subscription of 372.80 times, underlining aggressive participation from high-value applicants.
Institutional Interest Strengthens
The Qualified Institutional Buyer (QIB) segment, which typically sees bids closer to the end of the issue, picked up meaningfully on Day 2. The category was subscribed 6.45 times, with participation from foreign institutional investors adding depth to the order book ahead of the final day.Subscription Snapshot After Day 2
As of January 7, 2026 | Market Close (BSE)| Category | Shares Reserved | Shares Bid For | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 6,83,200 | 44,08,000 | 6.45 |
| Non-Institutional Investors (NII) | 6,94,400 | 16,75,26,400 | 241.25 |
| • NII (Above ₹10 lakh) | 3,42,400 | 12,76,46,400 | 372.80 |
| • NII (Up to ₹10 lakh) | 1,71,200 | 3,98,80,000 | 232.94 |
| Retail Individual Investors (RII) | 12,00,000 | 33,02,56,000 | 275.21 |
| Total | 25,77,600 | 50,21,90,400 | 194.83 |
Anchor Allocation Provided Early Confidence
Ahead of the public issue, Gabion Technologies India completed its anchor investor allocation on January 5, 2026, allotting 10,22,400 equity shares at ₹81 per share, the upper end of the price band. The anchor book raised ₹8.28 crore, with participation from institutional investors including HDFC Bank Limited, offering early validation to the IPO.Final Day in Focus
With the IPO now in its final day, market participants will closely watch:- Any further buildup in QIB participation
- Sustainability of strong retail and HNI demand
- Final cut-off trends across the price band
About the Company
Gabion Technologies India Limited, incorporated in February 2008, operates in the infrastructure and civil engineering solutions space. The company is engaged in the manufacturing, design, supply, trading, and installation of gabions, rockfall protection systems, and geosynthetic materials, catering to slope stabilisation, erosion control, and infrastructure protection projects across India.The company serves government bodies, private contractors, and institutional clients through an integrated business model supported by in-house manufacturing capabilities, technical design expertise, and on-site execution strength.
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