Gabriel Pet Straps Limited IPO Detail
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.
Company Promoters
Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.IPO Details
| IPO Opening Date | Jan 31, 2024 |
| IPO Closing Date | Feb 02, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹101 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹8.06 Cr |
| Fresh Issue | ₹8.06 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.87x | 1.76x | 1.31x | |
| Day 2 | - | - | 4.52x | 18.75x | 11.64x | |
| Day 3 | - | - | 53.29x | 62.17x | 57.79x |
IPO Tentative Timetable
The Gabriel Pet Straps Limited IPO open date is Jan 31, 2024, and the close date is Feb 02, 2024. The issue may list on Feb 07, 2024.
| IPO Open Date | Jan 31, 2024 |
| IPO Close Date | Feb 02, 2024 |
| Basis of Allotment Date | Feb 05, 2024 |
| Initiation of Refunds | Feb 06, 2024 |
| Credit of Shares to Demat Account | Feb 06, 2024 |
| IPO Listing Date | Feb 07, 2024 |
IPO Lot Size
The Gabriel Pet Straps Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹121200 |
| Maximum | 1 | 1200 | ₹121200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.84% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 106.64 | 7.70 | |
| 31-Mar-22 | 491.96 | 968.57 | -3.68 |
| 31-Mar-23 | 742.16 | 1500.60 | 51.96 |
| 31-Oct-23 | 1067.69 | 451.90 | 17.30 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects
- 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; and
- General corporate purposes.
Gabriel Pet Straps Limited IPO Registrar:
Bigshare Services Pvt Ltd
Gabriel Pet Straps Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Gabriel Pet Straps Limited
Plot No. 23, Radhe Industrial Area,
Paddhari Bypass, Behind Reliance Petrol Pump,
Jamnagar Highway, Paddhari, Rajkot - 360110
