Gabion Technologies IPO Soars: 195x Subscribed on Day 2 Amid Investor Frenzy

• Gabion Technologies IPO oversubscribed 194.83 times on Day 2, driven by strong investor demand across all categories.
• Investors bid for 50.21 crore equity shares against an offer size of 25.77 lakh shares via 1.2 lakh applications.
• Retail and non-institutional investors led the subscription, bidding 275.21x and 241.25x respectively; QIBs subscribed 6.45x.
• Shares traded at a 37% premium in the grey market, indicating strong pre-listing interest.
• The company aims to raise Rs 29.16 crore, utilizing proceeds for working capital, plant machinery, and general corporate purposes.

Why It Matters: Gabion Technologies IPO witnessed overwhelming investor interest, oversubscribing nearly 195 times.