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Gabriel Pet Straps IPO is a fixed price issue of Rs 8.06 crores. The issue is entirely a fresh issue of 7.98 lakh shares.
Gabriel Pet Straps IPO bidding started from January 31, 2024 and ended on February 2, 2024. The allotment for Gabriel Pet Straps IPO was finalized on Monday, February 5, 2024. The shares got listed on BSE SME on February 7, 2024.
Gabriel Pet Straps IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
Shreni Shares Limited is the book running lead manager of the Gabriel Pet Straps IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Gabriel Pet Straps IPO is Shreni Shares.
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 |
| Price | ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 798,000 shares (aggregating up to ₹8.06 Cr) |
| Fresh Issue | 798,000 shares (aggregating up to ₹8.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,848,840 |
| Share holding post issue | 2,646,840 |
| Market Maker portion | 44,400 shares Shreni Shares |
Gabriel Pet Straps IPO offers 798,000 shares. 376,800 (47.22%) to NII, 376,800 (47.22%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 44,400 (5.56%) |
| Other Shares Offered | 376,800 (47.22%) |
| Retail Shares Offered | 376,800 (47.22%) |
| Total Shares Offered | 798,000 (100%) |
Gabriel Pet Straps IPO opens on January 31, 2024, and closes on February 2, 2024.
| IPO Open Date | Wednesday, January 31, 2024 |
| IPO Close Date | Friday, February 2, 2024 |
| Basis of Allotment | Monday, February 5, 2024 |
| Initiation of Refunds | Tuesday, February 6, 2024 |
| Credit of Shares to Demat | Tuesday, February 6, 2024 |
| Listing Date | Wednesday, February 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 2, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 69.84% |
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 |
| Revenue | 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 Rs 26.73 Cr.
| KPI | Values |
|---|---|
| ROE | 23.99% |
| ROCE | 46.89% |
| Debt/Equity | 1.19 |
| RoNW | 20.83% |
| P/BV | 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...
The Gabriel Pet Straps IPO is subscribed 246.20 times on February 2, 2024 7:02:00 PM. 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) |
|---|---|
| Other | 361.56 |
| Retail | 122.92 |
| Total | 246.20 |
Total Application : 56,375 (179.54 times)
| Listing Date | February 7, 2024 |
| BSE Script Code | 544108 |
| NSE Symbol | |
| ISIN | INE0QZF01012 |
| Final Issue Price | ₹101 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹101.00 |
| ₹115.00 |
| ₹111.20 |
| ₹120.75 |
| ₹120.75 |
Gabriel Pet Straps Limited
Plot No. 23, Radhe Industrial Area,
Paddhari Bypass, Behind Reliance Petrol Pump,
Jamnagar Highway, Paddhari, Rajkot - 360110
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
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Gabriel Pet Straps IPO is a SME IPO of 798,000 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 Shares.
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 Shares, and the minimum amount required is ₹121,200.
You can apply in Gabriel Pet Straps IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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