Gabion Technologies made its stock market debut on the BSE SME platform, listing at Rs 89 per share, a 9.88% premium to its IPO price of Rs 81. Despite the strong listing, the shares later hit a 5% lower circuit, trading at Rs 84.55. The IPO, which raised Rs 29.16 crore, was heavily oversubscribed, exceeding 768 times, particularly by non-institutional and retail investors. However, the listing performance fell short of grey market expectations, where shares were reportedly trading at a higher premium.