Gabion Technologies IPO Soars 768x, Listing Soon on BSE SME

• Gabion Technologies IPO closed with an overwhelming 768.13 times subscription, attracting bids worth Rs 16,037 crore.
• All investor categories, including non-institutional (1,085.88x), retail (867.23x), and QIBs (271.13x), showed massive oversubscription.
• Grey Market Premium (GMP) surged to nearly 40%, indicating strong investor confidence ahead of listing.
• Share allotment is set for January 9, with shares expected to list on BSE SME by January 13.
• The New Delhi-based company plans to use the Rs 29.16 crore IPO proceeds for working capital, machinery, and general corporate purposes.

Why It Matters: Gabion Technologies IPO saw massive oversubscription and strong GMP, signaling a bullish market debut.