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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 ₹101.00 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). The minimum lot size investment for 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 Date | January 31, 2024 to February 2, 2024 |
| Listing Date | February 7, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,98,000 shares (aggregating up to ₹8.06 Cr) |
| Reserved for Market Maker | 44,400 shares Shreni Shares Ltd. (aggregating up to ₹0.4484 Cr) |
| Net Offered to Public | 7,53,600 shares (aggregating up to ₹7.61 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 18,48,840 shares |
| Share Holding Post Issue | 26,46,840 shares |
Gabriel Pet Straps IPO offers total 7,98,000 shares. Out of which 3,76,800 (47.22%) allocated to NII, 3,76,800 (47.22%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 44,400 (5.56%) |
| NII (HNI) Shares Offered | 3,76,800 (47.22%) |
| Retail Shares Offered | 3,76,800 (47.22%) |
| Total Shares Offered | 7,98,000 (100.00%) |
Gabriel Pet Straps IPO opens on January 31, 2024, and closes on February 2, 2024.
| IPO Open Date | Wed, Jan 31, 2024 |
| IPO Close Date | Fri, Feb 2, 2024 |
| Tentative Allotment | Mon, Feb 5, 2024 |
| Initiation of Refunds | Tue, Feb 6, 2024 |
| Credit of Shares to Demat | Tue, Feb 6, 2024 |
| Tentative Listing Date | Wed, Feb 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 2, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Gabriel Pet Straps Limited's revenue increased by 54.93% and profit after tax (PAT) rose by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 15 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,067.69 | 742.16 | 491.96 | 106.64 |
| Total Income | 451.90 | 1,500.60 | 968.57 | 7.70 |
| Profit After Tax | 17.30 | 51.96 | -3.68 | |
| Net Worth | 203.30 | 249.41 | 183.74 | 98.19 |
| Reserves and Surplus | 18.42 | |||
| Total Borrowing | 630.91 | 297.48 | 273.06 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Gabriel Pet Straps IPO is ₹26.73 Cr.
| KPI | Values |
|---|---|
| ROE | 23.99% |
| ROCE | 46.89% |
| Debt/Equity | 1.19 |
| RoNW | 20.83% |
| Price to Book Value | 1.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.81 | 1.12 |
| P/E (x) | 35.94 | 90.14 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects
[Dilip Davda] The company is in a highly competitive and fragmented segment of straps. It was a LLP firm till August 02, 2023 and got converted in to public limited company on the said date. It has posted an average financial performance so far, and based on that the issue appears exorbitantly priced. The tiny post-IPO paid-up equity capital indicates longer gestation period. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | February 7, 2024 |
| BSE Script Code | 544108 |
| NSE Symbol | |
| ISIN | INE0QZF01012 |
| Final Issue Price | ₹101 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹115.00 |
| Low | ₹111.20 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Gabriel Pet Straps Ltd.
Plot No. 23, Radhe Industrial Area,
Paddhari Bypass, Behind Reliance Petrol Pump,
Jamnagar Highway, Paddhari, Rajkot - 360110
Jamnagar, Gujarat
Phone: +91 8849254043
Email: investors@gabrielpetstraps.com
Website: http://www.gabrielpetstraps.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Gabriel Pet Straps IPO is a SME IPO of 7,98,000 equity shares of the face value of ₹10 aggregating up to ₹8.06 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on January 31, 2024, and closes on February 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 January 31, 2024 and closes on February 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 Tuesday, February 6, 2024. Check the Gabriel Pet Straps IPO allotment status.
The Gabriel Pet Straps IPO listing date is on Wednesday, February 7, 2024.
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