Gabriel Pet Straps Limited IPO
BSE SMEListed On: Feb 7, 2024 at ₹ 115.0
₹ 242400 /2400 Shares
*Min Investment
31 Jan, 2024
Open Date02 Feb, 2024
Close Date05 Feb, 2024
Allotment Date07 Feb, 2024
Listing DateGabriel Pet Straps Limited IPO Issue Details
- Issue Price ₹101 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 7,98,000 shares(aggregating up to ₹8.06 crore)
- Fresh Share 7,98,000 shares(aggregating up to ₹8.06 crore)
- Listing at BSE SME
- List Price 115.0
- Listing Date 2024-02-07
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | ₹1,21,200 |
| Retail(max) | 1 | 1200 | ₹1,21,200 |
| NII (min) | 2 | 2,400 | ₹2,42,400 |
Gabriel Pet Straps Limited IPO Reservation
Gabriel Pet Straps Limited IPO offers total 798,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,376,800 (47.22%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 44,400 (5.56%) | |
| Retail Shares Offered | 376,800 (47.22%) | |
| Total Shares Offered | 798,000 (100%) |
Gabriel Pet Straps Limited IPO Details
Gabriel Pet Straps Limited IPO is an SME IPO, priced at ₹101 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 7,98,000 equity shares, aggregating up to ₹8.06 crores..
The IPO bidding window is open from Jan 31, 2024 to Feb 2, 2024. The allotment is expected to be finalized on Feb 5, 2024, and the tentative listing date is Feb 7, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,21,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,42,400.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Gabriel Pet Straps Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 376,800 | 376,800 | 753,600 |
Day 1 31-01-24 06:00 PM | 0.87 x | 1.76 x | 1.31 x |
Day 2 01-02-24 06:00 PM | 4.52 x | 18.75 x | 11.64 x |
Day 3 02-02-24 06:00 PM | 369.60 x | 122.92 x | 246.26 x |
Gabriel Pet Straps Limited Valuations
Gabriel Pet Straps Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 742.16 | 491.96 | 106.64 |
| Revenue | 1,500.60 | 968.57 | 7.70 |
| Profit After Tax | 51.96 | -3.68 | N/A |
About Gabriel Pet Straps Limited Company
Gabriel Pet Straps Limited is an Indian company, which was incorporated in the year 2020 and has its own brand named Gabriel. It is manufacturing and selling Pet Straps under the above-mentioned brand for the packaging of heavy materials.
The company provides custom-made packaging solutions in all sizes and colours. They also provide a value added feature of printing directly on the strapping for industries such as cotton bales, fibres, packaging, paper, waste cloth, etc.
The manufacturing unit of Gabriel Pet Straps is at Rajkot, Gujarat. The units make pet straps in widths between 9 mm and 32 mm and thicknesses between 0.70 mm and 1.30 mm.
Gabriel has operations throughout India and has a distribution network in 10 states for the domestic market.
The company had 26 employees (laborers included) in its factory and office as on October 31, 2023.
Gabriel Pet Straps Limited - Promoter(s)
Mr. Shah Jay Pareshbhai
Mr. Varasada Vimal Dayabhai
Mr. Kavathiya Vivek Dharmendrabhai
Pre Issue Share Holding : 100%
Post Issue Share Holding : 69.84%
Gabriel Pet Straps Limited IPO - Issue Objectives
Repayment or prepayment, in full or in part, of borrowings availed by the company from banks, financial institutions and non-banking financial companies
Acquisition of land
Funding of capital expenditure requirements of the company towards set up of Solar Power Plant
General corporate purposes.
Gabriel Pet Straps Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Gabriel Pet Straps Limited | 2.81 | 2.81 | 71.26 | 35.94 | 20.83 | 1.42 | Standalone |
| Vera Synthetic Limited | 3.69 | N/A | 38.77 | N/A | 9.51 | N/A | Standalone |
Notes:
- CMP and P/E Ratio has been mentioned as NA as scripts of Vera Synthetic Limited have not traded in the last one year from November 15, 2023.
- The Issue Price determined by Gabriel Pet Straps Limited in consultation with the Lead Manager is justified by our Company in consultation with the Lead Manager on the basis of the above parameters.
Contact Details
Gabriel Pet Straps Limited
Plot No. 23, Radhe Industrial Area, Paddhari Bypass, Behind Reliance Petrol Pump, Jamnagar Highway, Paddhari, Rajkot - 360110
+91 8849254043
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Gabriel Pet Straps Limited IPO - FAQs
Ans. Gabriel Pet Straps Limited IPO is a SME IPO. The issue is priced at ₹101 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jan 31, 2024, and closes on Feb 2, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Gabriel Pet Straps Limited IPO opens on Jan 31, 2024 and closes on Feb 2, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Gabriel Pet Straps Limited IPO is 798,000 shares(aggregating up to ₹8.06 Cr).
Ans. The Gabriel Pet Straps Limited IPO price band is set between ₹101 per equity share.
Ans. To apply for Gabriel Pet Straps Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Gabriel Pet Straps Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Gabriel Pet Straps Limited IPO is Feb 5, 2024.
Ans. The Gabriel Pet Straps Limited IPO will be listed on Feb 7, 2024.
Ans. Follow the steps to check the Gabriel Pet Straps Limited IPO allotment status online.
