Gabion Technologies' Initial Public Offering (IPO) has seen overwhelming investor demand, with subscription rates reaching significant multiples by its second day of bidding. The IPO, aiming to raise Rs 29.16 crore, has attracted substantial interest from retail and non-institutional investors, with qualified institutional buyers also showing participation. The grey market premium indicates a strong listing expectation, reflecting investor confidence in the company's manufacturing of gabions and geo-systems for infrastructure and environmental projects.