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Gabion Technologies India Ltd IPO

Status: Closed

Overview

IPO date
06 Jan 2026 to 08 Jan 2026
Face value
₹ 10 per share
Price
₹ 76 to ₹81 per share
Issue Size
3,600,000 shares
(aggregating up to ₹ 29.16 Cr)
Allotment Date
09 Jan 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Infrastructure Developers & Operators

Objectives of Gabion Technologies India Ltd IPO

Gabion Technologies India Ltd IPO Strategy

About Gabion Technologies India Ltd

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T&C*

Strengths vs Risks of Gabion Technologies India Ltd

Know the pros & cons

Strengths

  • arrowExperienced Promoters and Management Team.
  • arrowLong standing relationships with customers.
  • arrowEfficient operational team.
  • arrowConsistent financial performance.
  • arrowScalability due to scarcity in supply.

Risks

  • arrowWe generate our major portion of sales from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • arrowWe are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on our business operations and financial conditions.
  • arrowSome percentage of our revenue depends on acceptance of the bids submitted to the government and other agencies. Our performance could be affected in case majority of the bids are not accepted/ awarded.
  • arrowOur Registered Office from where we operate, is on rental basis and is not owned by us. If we are unable to renew or continue the lease arrangements on commercially acceptable or favorable terms in the future, it may adversely impact our operations.
  • arrowWe operate in the Gabion manufacturing industry where there are low entry barriers and is highly competitive. Our failure to successfully compete may adversely affect our business, financial condition, results of operations and prospects.
  • arrowOur Promoters, Directors, related entities and other ventures promoted by our promoters are engaged in a similar line of business and we do not have a non-compete agreement or contract with any of these entities, and hence a potential conflict of interest may arise.
  • arrowOur business is manpower intensive and is dependent on our ability to attract, retain and train skilled and semi-skilled workers. High attrition rates, labour shortages or work stoppages could adversely affect our operations.
  • arrowWe require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.
  • arrowOur Company and our Directors are party to certain legal proceeding. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • arrowOur business is manpower intensive. Our business may be adversely affected by work stoppages, increased wage demands by our employees, or increase in minimum wages across various states, inability to attract or train skilled personnel and if we are unable to engage new employees at commercially attractive terms.
  • arrowThere have been certain lapses and discrepancies and/or typographical errors in Statutory filings. We cannot assure you that no regulatory action will be initiated against us and that no penalties will be imposed on us on account of these lapses.
  • arrowThe company Non-Executive Director, Priyanandini Sarda has limited work experience in the field of Gabion Industry as on the date of this DRHP.
  • arrowOur Company and our Directors are party to certain legal proceeding. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • arrowWe appoint contract labour for carrying out certain of our ancillary operations and we may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on our results of operations, cash flows and financial condition.
  • arrowOur operations at our manufacturing facility could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
  • arrowOur business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
  • arrowAny non-compliance or delays in GST Return Filings may expose us to penalties from the regulators.
  • arrowAny non-compliance or delays in EPF Return Filings may expose us to penalties from the regulators.
  • arrowOur Promoters have issued personal guarantees in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • arrowIf we fail to deliver our products or services in accordance with contractual requirements, we could be subject to significant costs or liability and our reputation could be harmed.
  • arrowCompany may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the DRHP.
  • arrowWe are required to furnish financial and performance bank guarantees and letter of credits as part of our business. Our inability to arrange such guarantees and/or letters of credit may adversely affect our cash flows and financial condition.
  • arrowOur ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • arrowWe have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
  • arrowOur actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.
  • arrowOur business is subject to seasonal and other fluctuations that may affect our cash flows and business operations.
  • arrowIts own a large fleet of equipment and vehicles, resulting in fixed costs to the Company. Moreover, the Company is subject to operational risks on account of obsolescence, destruction, breakdown of its equipment and vehicles or failures to repair or maintain such equipment and vehicles. Further, if the company does not continually enhance its business with the most recent equipment and technology, the company ability to maintain and expand its markets may be adversely affected.
  • arrowIncreases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on its business, results of operations and financial condition.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • arrowThe Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require it to reschedule the company expenditure and may have a bearing on its expected revenues and earnings.
  • arrowThe Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • arrowIts agreements with banks and financial institutions for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company growth plans.
  • arrowBidding for a tender involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reductions in the expected rates of return and profitability estimates.
  • arrowInherent risk for expanding its business internationally which may potentially impact the company financial standing and operational performance.
  • arrowIts may not be successful in implementing the company business strategies.
  • arrowExcessive dependence on Punjab National Bank and ICICI Bank Limited in respect of loan facilities obtained by the company.
  • arrowThe Company's may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
  • arrowInformation relating to its production capacities and the historical capacity utilization of the company production facilities included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and futures production and capacity utilization may vary.
  • arrowThe activities carried out at its manufacturing facilities can cause injury to people or property in certain circumstances.
  • arrowFraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • arrowIts ability to pay dividends in the future will depend upon the company futures earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • arrowCertain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • arrowAny Penalty or demand raised by statutory authorities in futures will affect its financial position of the Company.
  • arrowAny futures issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE SME Platform in a timely manners or at all.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • arrowA Suit has been filed alleging supply of Non-Satisfactory Product. Any disruption in the quality of products could have a material adverse effect on our business operations and financial conditions.
  • arrowHigh Debt-Equity Ratio may adversely impact our financial flexibility and growth prospects of our company.
  • arrowThere have been certain lapses and discrepancies and/or typographical errors in Statutory filings. We cannot assure you that no regulatory action will be initiated against us and that no penalties will be imposed on us on account of these lapses.
  • arrowWe may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.
  • arrowWe appoint contract labour through Independent Contractor for carrying out certain of our ancillary operations and we may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on our results of operations, cash flows and financial condition.
  • arrowAny negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
  • arrowOur operations at our manufacturing facility could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
  • arrowAdverse Political and Social Developments in Nepal May Materially Impact Our Business and Operations.
  • arrowOur business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
  • arrowAny non-compliance or delays in GST Return Filings may expose us to penalties from the regulators.
  • arrowAny non-compliance or delays in EPF and ESIC Return Filings may expose us to penalties from the regulators.
  • arrowOur Promoters have issued personal guarantees in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • arrowOur Non-Executive Director, Ms. Priyanandini Sarda has limited work experience in the field of Gabion Industry as on the date of this RHP.
  • arrowAll of our directors lack prior experience as Directors in Listed Companies.
  • arrowWe are required to comply with lender's charge over properties in respect of financial facilities under applicable sections of Companies Act, 2013, any failure to such compliance may result into penalties which may adversely impact our business operations.
  • arrowOur insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
  • arrowIf we fail to deliver our products or services in accordance with contractual requirements, we could be subject to significant costs or liability and our reputation could be harmed.
  • arrowCompany may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the RHP.
  • arrowWe are required to furnish financial and performance bank guarantees and letter of credits as part of our business. Our inability to arrange such guarantees and/or letters of credit may adversely affect our cash flows and financial condition.
  • arrowWe have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
  • arrowOur ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • arrowOur actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.
  • arrowOur business is significantly dependent on the expertise, experience, and continued involvement of our directors, senior management, and key managerial personnel.
  • arrowWe own a large fleet of equipment and vehicles, resulting in fixed costs to our Company. Moreover, our Company is subject to operational risks on account of obsolescence, destruction, breakdown of our equipment and vehicles or failure to repair or maintain such equipment and vehicles. Further, if we do not continually enhance our business with the most recent equipment and technology, our ability to maintain and expand our markets may be adversely affected.
  • arrowIncreases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on our business, results of operations and financial condition.
  • arrowThe average cost of acquisition of Equity Shares by our Promoters is lower than the Issue Price.
  • arrowWe are exposed to Foreign Currency Exchange Rate Fluctuations
  • arrowWe are subject to various safety, health, environmental, labour, and workplace-related laws and regulations in the jurisdictions in which we operate. Non-compliance to any of such losses may adversely impact our business operations.
  • arrowAny Variation or changes in the Utilization of the Net Proceeds shall be subject to certain compliance requirements.
  • arrowOur inability to establish and maintain effective Internal Controls and Compliance Systems may result in errors or misstatements in our financial statements, regulatory non-compliance, operational inefficiencies, or losses in revenues.
  • arrowAny shortage or unavailability of Electricity or Water may adversely affect our manufacturing operations.
  • arrowWe are prone to risks associated with malfunctions or disruptions in Basic Information Technology Systems. Any failure in association with malfunctions or disruptions in IT system may adversely impact the business operations.
  • arrowDue to inaccurate forecasting and inventory management, our company may lead to operational inefficiencies and revenue losses.
  • arrowThe Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of our management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require us to reschedule our expenditure and may have a bearing on our expected revenues and earnings.
  • arrowThe company is required to obtain consents under environmental laws for operating the company's anufacturing facility. However, any failures obtains such consents may adversely impact its business operations.
  • arrowThe company is required to effectively utilize its manufacturing capacity to maximize operational efficiency, any underutilization may result into under manufacturing and resulting into adverse impact on business operations.
  • arrowThe company is required to address contingent liabilities not provided for.
  • arrowThe Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • arrowInadvertently infringe upon the intellectual property rights of others.
  • arrowThe company's agreements with banks and financial institutions for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company's growth plans.
  • arrowBidding for a tender involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates.
  • arrowInherent risk for expanding the company's business internationally which may potentially impact its financial standing and operational performance.
  • arrowBeing a listed company may strain the company's resources.
  • arrowThe company may not be successful in implementing the company's business strategies.
  • arrowExcessive dependence on Punjab National Bank and ICICI Bank Limited in respect of loan facilities obtained by the company.
  • arrowThe company may require further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which the company may not be able to procure and any future equity offerings by it.
  • arrowInformation relating to its production capacities and the historical capacity utilization of the company's production facilities included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • arrowThe activities carried out at the company's manufacturing facilities can cause injury to people or property in certain circumstances.
  • arrowFraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • arrowCertain data mentioned in this Red Herring Prospectus has not been independently verified.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the BSE SME Platform in a timely manner or at all.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.

Gabion Technologies India Ltd Peer Comparison

Understand the company’s industry standing

Gabion Technologies India Ltd
SRM Contractors Ltd
Face Value
10
10
Standalone / Consolidated
Consolidated
Standalone
Total Income Rs. Cr.
101.1714
542.0486
EPS-Basis
6.64
23.97
EPS-Diluted
---
---
NAV Per Share
22.08
120.09
P/E-Basic EPS
---
22.40
P/E-Diluted EPS
---
---
RONW(%)
30.05
19.96
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 06 Jan 2026 & closes on 08 Jan 2026.

Gabion Technologies India Limited was incorporated February 18, 2008 as Gabion Technologies India Private Limited', dated February 18, 2008. Subsequently, Company converted into a public limited company and the name of the Company has been changed to Gabion Technologies India Limited' and a fresh certificate of incorporation dated December 10, 2024 is issued by the Central Processing Centre. The Company started manufacturing facility at Paunta Sahib in Himachal Pradesh and began production of Gabion and DT Mesh Netting in 2009. In 2013, it began the designing and execution in specialized projects followed by production in hi-tensile nettings. Later, it started working as Government Contractor in 2019. A Wholly Owned Foreign Subsidiary, called Gabion Technologies BD Limited, got incorporated in Bangladesh in 2021. Further, a foreign subsidiary, Gabion Technologies Nepal Private Limited was acquired in 2022. At present, Company is engaged in manufacturing, designing, trading and installation of services of Gabions, rock fall Protection Nettings, and geo-synthetic Materials, to meet the requirements in civil engineering, infrastructure development, and environmental protection projects. Further, it is engaged in manufacturing of mechanically woven Double Twisted Hexagonal Steel Wire Mesh Gabions, defense Gabions, PP Rope Gabions, Hi-tensile rock fall Protection Nettings, Reinforced Geomat, High Strength Flexible Geogrid with the vision to provide products, services and technology to government entities, contractors, private customers, consultants, and authorities in the fields of Geosynthetics, Geotechnical Engineering, and Ground Improvement Techniques. Since incorporation, the Company so far, has completed nearly 63 specialized projects in 2025. Further, the products, services and technologies are extensively utilized across a wide range of sectors including infrastructure projects such as roads, railways, airports, irrigation and water resources sector, energy, mining, defense, real estate developments of resorts, commercial building complexes, IIT's for applications such as road and railway embankments formation, protection of roads and railway tracks from landslides, airport runway developments, protection of hydro power projects, river channelization and river front developments, mining and thermal power plant waste disposal, energy pipelines protection, beach protection etc. Company came up with the IPO, comprising a fresh issue of 36,00,000 equity shares of Rs 10 each and raised Rs 29.16 crores on January 8, 2026.

Gabion Technologies India Ltd IPO will close on 08 Jan 2026.

  • Experienced Promoters and Management Team.
  • Long standing relationships with customers.
  • Efficient operational team.
  • Consistent financial performance.
  • Scalability due to scarcity in supply.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Madhusudan Sarda --- --- --- ---
2 Urvashi Sarda --- --- --- ---
3 Priyanandini Sarda --- --- --- ---
4 ARS Merchants Pvt Ltd --- --- --- ---

  • We generate our major portion of sales from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • We are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on our business operations and financial conditions.
  • Some percentage of our revenue depends on acceptance of the bids submitted to the government and other agencies. Our performance could be affected in case majority of the bids are not accepted/ awarded.
  • Our Registered Office from where we operate, is on rental basis and is not owned by us. If we are unable to renew or continue the lease arrangements on commercially acceptable or favorable terms in the future, it may adversely impact our operations.
  • We operate in the Gabion manufacturing industry where there are low entry barriers and is highly competitive. Our failure to successfully compete may adversely affect our business, financial condition, results of operations and prospects.
  • Our Promoters, Directors, related entities and other ventures promoted by our promoters are engaged in a similar line of business and we do not have a non-compete agreement or contract with any of these entities, and hence a potential conflict of interest may arise.
  • Our business is manpower intensive and is dependent on our ability to attract, retain and train skilled and semi-skilled workers. High attrition rates, labour shortages or work stoppages could adversely affect our operations.
  • We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.
  • Our Company and our Directors are party to certain legal proceeding. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • Our business is manpower intensive. Our business may be adversely affected by work stoppages, increased wage demands by our employees, or increase in minimum wages across various states, inability to attract or train skilled personnel and if we are unable to engage new employees at commercially attractive terms.
  • There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. We cannot assure you that no regulatory action will be initiated against us and that no penalties will be imposed on us on account of these lapses.
  • The company Non-Executive Director, Priyanandini Sarda has limited work experience in the field of Gabion Industry as on the date of this DRHP.
  • Our Company and our Directors are party to certain legal proceeding. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • We appoint contract labour for carrying out certain of our ancillary operations and we may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on our results of operations, cash flows and financial condition.
  • Our operations at our manufacturing facility could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
  • Our business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
  • Any non-compliance or delays in GST Return Filings may expose us to penalties from the regulators.
  • Any non-compliance or delays in EPF Return Filings may expose us to penalties from the regulators.
  • Our Promoters have issued personal guarantees in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • If we fail to deliver our products or services in accordance with contractual requirements, we could be subject to significant costs or liability and our reputation could be harmed.
  • Company may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the DRHP.
  • We are required to furnish financial and performance bank guarantees and letter of credits as part of our business. Our inability to arrange such guarantees and/or letters of credit may adversely affect our cash flows and financial condition.
  • Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • We have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
  • Our actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.
  • Our business is subject to seasonal and other fluctuations that may affect our cash flows and business operations.
  • Its own a large fleet of equipment and vehicles, resulting in fixed costs to the Company. Moreover, the Company is subject to operational risks on account of obsolescence, destruction, breakdown of its equipment and vehicles or failures to repair or maintain such equipment and vehicles. Further, if the company does not continually enhance its business with the most recent equipment and technology, the company ability to maintain and expand its markets may be adversely affected.
  • Increases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on its business, results of operations and financial condition.
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require it to reschedule the company expenditure and may have a bearing on its expected revenues and earnings.
  • The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • Its agreements with banks and financial institutions for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company growth plans.
  • Bidding for a tender involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reductions in the expected rates of return and profitability estimates.
  • Inherent risk for expanding its business internationally which may potentially impact the company financial standing and operational performance.
  • Its may not be successful in implementing the company business strategies.
  • Excessive dependence on Punjab National Bank and ICICI Bank Limited in respect of loan facilities obtained by the company.
  • The Company's may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
  • Information relating to its production capacities and the historical capacity utilization of the company production facilities included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and futures production and capacity utilization may vary.
  • The activities carried out at its manufacturing facilities can cause injury to people or property in certain circumstances.
  • Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • Its ability to pay dividends in the future will depend upon the company futures earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • Any Penalty or demand raised by statutory authorities in futures will affect its financial position of the Company.
  • Any futures issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE SME Platform in a timely manners or at all.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • A Suit has been filed alleging supply of Non-Satisfactory Product. Any disruption in the quality of products could have a material adverse effect on our business operations and financial conditions.
  • High Debt-Equity Ratio may adversely impact our financial flexibility and growth prospects of our company.
  • There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. We cannot assure you that no regulatory action will be initiated against us and that no penalties will be imposed on us on account of these lapses.
  • We may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.
  • We appoint contract labour through Independent Contractor for carrying out certain of our ancillary operations and we may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on our results of operations, cash flows and financial condition.
  • Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
  • Our operations at our manufacturing facility could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
  • Adverse Political and Social Developments in Nepal May Materially Impact Our Business and Operations.
  • Our business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
  • Any non-compliance or delays in GST Return Filings may expose us to penalties from the regulators.
  • Any non-compliance or delays in EPF and ESIC Return Filings may expose us to penalties from the regulators.
  • Our Promoters have issued personal guarantees in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • Our Non-Executive Director, Ms. Priyanandini Sarda has limited work experience in the field of Gabion Industry as on the date of this RHP.
  • All of our directors lack prior experience as Directors in Listed Companies.
  • We are required to comply with lender's charge over properties in respect of financial facilities under applicable sections of Companies Act, 2013, any failure to such compliance may result into penalties which may adversely impact our business operations.
  • Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
  • If we fail to deliver our products or services in accordance with contractual requirements, we could be subject to significant costs or liability and our reputation could be harmed.
  • Company may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the RHP.
  • We are required to furnish financial and performance bank guarantees and letter of credits as part of our business. Our inability to arrange such guarantees and/or letters of credit may adversely affect our cash flows and financial condition.
  • We have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
  • Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • Our actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.
  • Our business is significantly dependent on the expertise, experience, and continued involvement of our directors, senior management, and key managerial personnel.
  • We own a large fleet of equipment and vehicles, resulting in fixed costs to our Company. Moreover, our Company is subject to operational risks on account of obsolescence, destruction, breakdown of our equipment and vehicles or failure to repair or maintain such equipment and vehicles. Further, if we do not continually enhance our business with the most recent equipment and technology, our ability to maintain and expand our markets may be adversely affected.
  • Increases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on our business, results of operations and financial condition.
  • The average cost of acquisition of Equity Shares by our Promoters is lower than the Issue Price.
  • We are exposed to Foreign Currency Exchange Rate Fluctuations
  • We are subject to various safety, health, environmental, labour, and workplace-related laws and regulations in the jurisdictions in which we operate. Non-compliance to any of such losses may adversely impact our business operations.
  • Any Variation or changes in the Utilization of the Net Proceeds shall be subject to certain compliance requirements.
  • Our inability to establish and maintain effective Internal Controls and Compliance Systems may result in errors or misstatements in our financial statements, regulatory non-compliance, operational inefficiencies, or losses in revenues.
  • Any shortage or unavailability of Electricity or Water may adversely affect our manufacturing operations.
  • We are prone to risks associated with malfunctions or disruptions in Basic Information Technology Systems. Any failure in association with malfunctions or disruptions in IT system may adversely impact the business operations.
  • Due to inaccurate forecasting and inventory management, our company may lead to operational inefficiencies and revenue losses.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of our management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require us to reschedule our expenditure and may have a bearing on our expected revenues and earnings.
  • The company is required to obtain consents under environmental laws for operating the company's anufacturing facility. However, any failures obtains such consents may adversely impact its business operations.
  • The company is required to effectively utilize its manufacturing capacity to maximize operational efficiency, any underutilization may result into under manufacturing and resulting into adverse impact on business operations.
  • The company is required to address contingent liabilities not provided for.
  • The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • Inadvertently infringe upon the intellectual property rights of others.
  • The company's agreements with banks and financial institutions for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company's growth plans.
  • Bidding for a tender involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates.
  • Inherent risk for expanding the company's business internationally which may potentially impact its financial standing and operational performance.
  • Being a listed company may strain the company's resources.
  • The company may not be successful in implementing the company's business strategies.
  • Excessive dependence on Punjab National Bank and ICICI Bank Limited in respect of loan facilities obtained by the company.
  • The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which the company may not be able to procure and any future equity offerings by it.
  • Information relating to its production capacities and the historical capacity utilization of the company's production facilities included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • The activities carried out at the company's manufacturing facilities can cause injury to people or property in certain circumstances.
  • Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • Certain data mentioned in this Red Herring Prospectus has not been independently verified.
  • Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the BSE SME Platform in a timely manner or at all.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.

The Issue type of Gabion Technologies India Ltd is Book Building - SME.

The minimum application for shares of Gabion Technologies India Ltd is 3200.

The total shares issue of Gabion Technologies India Ltd is 3600000.

Initial public issue of up to 36,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Gabion Technologies India Limited (the "Company" or "GTIL" or "Issuer") at an issue price of Rs.81 per equity share (including a share premium of Rs. 71 per equity share) for cash, aggregating up to Rs.29.16 crores ("Public Issue") out of which up to 1,80,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 81 per equity share for cash, aggregating Rs.1.46 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of up to 34,19,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 81 per equity share for cash, aggregating up to Rs.27.70 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute up to 26.52% and up to 25.19% respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 81 per equity share of face value Rs. 10/- each. The floor price is 8.1 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.