Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Jan 31, 2024 - Fri, Feb 2, 2024
Gabriel Pet Straps IPO is a fixed price issue of ₹8.06 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹8.06 crore.
Gabriel Pet Straps IPO bidding started from Jan 31, 2024 and ended on Feb 2, 2024. The allotment for Gabriel Pet Straps IPO was finalized on Feb 5, 2024. The shares got listed on BSE SME on Feb 7, 2024.
Gabriel Pet Straps IPO price is ₹101 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,21,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,42,400.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Gabriel Pet Straps IPO RHP for detailed Information.
IPO Open
Wed, Jan 31, 2024
IPO Close
Fri, Feb 2, 2024
Issue Price
₹101 per share
Market Cap (Pre-IPO)
₹26.73 Cr
| IPO Date | 31 Jan to 2 Feb, 2024 |
| Listed on | Wed, Feb 7, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,98,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 44,400 shares Shreni Shares Ltd. (agg. up to ₹0.4484 Cr) |
| Fresh Issue (Ex Market Maker) | 7,53,600 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 7,53,600 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 18,48,840 shares |
| Share Holding Post Issue | 26,46,840 shares |
| BSE Script Code | 544108 |
| ISIN | INE0QZF01012 |
Gabriel Pet Straps IPO comprises a total issue size of 7,98,000 shares. The net offer to the public is 7,53,600 shares, after excluding 44,400 shares allotted on a firm basis. Of the Net offer 3,76,800 (50.00%) allocated to NII 3,76,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,76,800 | 50.00% | 47.22% |
| Retail Shares Offered | 3,76,800 | 50.00% | 47.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 44,400 | 5.56% | |
| Total Shares Offered | 7,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Gabriel Pet Straps Limited was founded in 2020 and manufactures and sells Pet Straps under the brand name Gabriel for the packaging of heavy materials.
The company offers tailor-made packaging solutions in various sizes and colors, as well as the additional option of printing directly on the strapping, for various industries such as cotton bales, fibres, packaging, paper, waste cloth, etc.
The manufacturing facility of Gabriel Pet Straps is located in Rajkot, Gujarat. The company manufactures pet straps in widths ranging from 9 mm to 32 mm and thicknesses from 0.70 mm to 1.30 mm.
Gabriel operates across India and has a distribution network in 10 states for the domestic market.
As of October 31, 2023, the company employed 26 people (including laborers) in its factory and office.
| Period Ended | 15 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 10.68 | 7.42 | 4.92 | 1.07 |
| Total Income | 4.52 | 15.01 | 9.69 | 0.08 |
| Profit After Tax | 0.17 | 0.52 | -0.04 | |
| NET Worth | 2.03 | 2.49 | 1.84 | 0.98 |
| Reserves and Surplus | 0.18 | |||
| Total Borrowing | 6.31 | 2.97 | 2.73 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies | 1.73 |
| 2 | Acquisition of land | 1.98 |
| 3 | Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant | 2.93 |
| 4 | General Corporate Purpose | 0.74 |
| KPI | |
|---|---|
| ROE | 23.99% |
| ROCE | 46.89% |
| Debt/Equity | 1.19 |
| RoNW | 20.83% |
| PAT Margin | 3.46% |
| Price to Book Value | 1.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.81 | 1.12 |
| P/E (x) | 35.94 | 90.14 |
| Promoter Holding | 100.00% | 69.84% |
| Market Cap | ₹26.73 Cr. |
The Gabriel Pet Straps IPO is subscribed 246.2 times on February 2, 2024 7:02:00 PM (Day 3). The public issue subscribed 122.92 times in the retail category, [.] times in the QIB category, and 361.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 361.56 | 3,76,800 | 13,62,34,800 |
| Retail | 122.92 | 3,76,800 | 4,63,17,600 |
| Total | 246.2 | 7,53,600 | 18,55,39,200 |
Total Application : 56,375
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.49 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.13 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹115.00 |
| Low | ₹111.20 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Lead Manager Reports
Gabriel Pet Straps IPO is a SME IPO of 7,98,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Jan 31, 2024, and closes on Fri, Feb 2, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gabriel Pet Straps IPO using UPI as a payment gateway. Zerodha customers can apply in Gabriel Pet Straps IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gabriel Pet Straps IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gabriel Pet Straps IPO opens on Wed, Jan 31, 2024 and closes on Fri, Feb 2, 2024.
Gabriel Pet Straps IPO lot size is 1200, and the minimum amount required for application is ₹1,21,200.
You can apply in Gabriel Pet Straps IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gabriel Pet Straps IPO will be done on Monday, February 5, 2024, and the allotted shares will be credited to your demat account by Tue, Feb 6, 2024. Check the Gabriel Pet Straps IPO allotment status.
The Gabriel Pet Straps IPO listing date is on Wed, Feb 7, 2024.
