Gabriel Pet Straps IPO will open for subscription from 31 January 2024. The company aims for an issue size of ₹8.06 Cr through this IPO.
Company Overview
| Full name | Gabriel Pet Straps Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://www.gabrielpetstraps.com/ |
About Company
Incorporated in 2020, Gabriel Pet Straps is actively involved in the production and sale of Pet Straps under the ‘Gabriel’ brand. These straps are extensively utilized for packaging heavy materials. The company manufactures Pet Straps with widths spanning from 9mm to 32mm and thickness ranging from 0.70mm to 1.30mm.
The products are available for purchase both locally and nationally. Gabriel boasts a widespread presence across PAN India, with a network of distributors spanning 10 states ( Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, and Uttar Pradesh) for the domestic market. As of 31 October 2023, Gabriel has a workforce of 26 individuals, encompassing both employees and workers, deployed across its plant and office.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 31 January 2024 |
| IPO Closing | 02 February 2024 |
| Basis of Allotment | 05 February 2024 |
| Initiation Refund | 06 February 2024 |
| Credit to Demat Account | 06 February 2024 |
| Listing Date | 07 February 2024 |
Gabriel Pet Straps IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹8.06 Cr – 798,000 shares |
| Fresh Issue | ₹8.06 Cr – 798,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹101 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 44,400 shares |
| Shareholding pre-issue | 1,848,840 |
| Shareholding post-issue | 2,646,840 |
| Listing Exchange | BSE SME |
Gabriel Pet Straps IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
Gabriel Pet Straps IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 31 Mar – 15 Oct 2023 | |
| Revenue | 7.70 | 966.43 | 1,500.08 | 424.89 |
| Expenses | 7.70 | 973.82 | 1,420.28 | 420.63 |
| Net income | 0.00 | 3.68 | 51.96 | 17.30 |
Gabriel Pet Straps Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0 | (1.05) | 14.84 |
| PE ratio | – | – | 6.81 |
| RONW (%) | 0.00 | (2.00) | 20.83 |
| NAV | 981.94 | 1,837.39 | 2,494.14 |
| EBITDA (%) | 0.00 | 7.13 | 11.64 |
| ROCE (%) | 0.00 | 9.88 | 46.89 |
| Debt/Equity | 0.00 | 1.49 | 1.19 |
Company Promoters
- Mr. Shah Jay Pareshbhai
- Mr. Varasada Vimal Dayabhai
- Mr. Kavathiya Vivek Dharmendrabhai.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.84% |
Gabriel Pet Straps IPO Lead Manager(s)
SHRENI SHARES LIMITED
A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Gabriel Pet Straps Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Gabriel Pet Straps Contact Details
GABRIEL PET STRAPS LIMITED
Plot No. 23, Radhe Industrial Area, Paddhari Bypass,
Behind Reliance Petrol Pump, Jamnagar Highway,
Paddhari, Rajkot-360110, Gujarat, India
Phone: +91 88492 54043
E-mail: investors@gabrielpetstraps.com
Website: www.gabrielpetstraps.com
Gabriel Pet Straps IPO Allotment Status
Gabriel Pet Straps IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Gabriel Pet Straps IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
