Gabion Tech lists with a modest 10% gain despite massive 768x IPO demand

Shares of Gabion Technologies India had a lukewarm debut on January 13, listing at ₹89 per share on the BSE SME platform. This translates into a modest 9.88% gain over its IPO price of ₹81.

At listing, the company’s market capitalisation stood at ₹120.82 crore.

Listing vs grey market expectations:
The stock’s listing performance fell well short of market expectations. Before listing, Gabion’s shares were trading in the grey market at around ₹112, implying a premium of over 38%—much higher than the actual listing gains.