Gabion Tech's Muted Debut: 10% Premium Despite 768x Oversubscription

• Gabion Technologies India shares listed at Rs 89 on BSE SME, a 9.88% premium over the IPO price of Rs 81.
• The debut was considered muted, significantly missing grey market estimates of over 38% premium.
• The IPO, which aimed to raise Rs 29.16 crore, was oversubscribed 768 times, showing strong investor interest.
• Proceeds will fund working capital (Rs 22.1 crore), plant and machinery (Rs 1.05 crore), and general corporate purposes.
• Gabion, incorporated in 2008, manufactures gabions and geosynthetic materials for civil engineering and infrastructure.

Why It Matters: Gabion Tech's shares debuted with a modest 10% premium, falling short of high grey market expectations.