30-Jan-2024
2 mins read
Gabriel Pet Straps Limited IPO 2024 is open for subscription from Wednesday, January 31, 2024 and will close on Friday, February 2, 2024. The price is decided at Rs 101 per share. The minimum lot size of this application for the retail category is 1200 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,21,200 (101 x 1200 shares). However for HNI category the minimum investment amount is required Rs 2,42,400 (101 x 2400 shares). Gabriel Pet Straps Limited IPO 2024 is a fixed price issue of Rs 8.06 crores. The issue is entirely a fresh issue of 7.98 lakh equity shares. The allotment for this IPO is expected to be finalized on Monday, February 5, 2024. Gabriel Pet Straps IPO will list on NSE SME and listing date fixed on Wednesday, February 7, 2024. The book running lead manager of Gabriel Pet Straps Limited is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Gabriel Pet Straps Limited IPO is Shreni Shares.
About Gabriel Pet Straps Company
Gabriel Pet Straps Limited is engaged in the business of manufacturing and selling of Pet Straps under their brand name Gabriel. It is widely used in packaging heavy materials. Company is founded in 2020, it is quite new but in the last few years they expanded their business in the domestic market and reached 10 states all over india. Company offers customized bulk packaging solutions to different industries such as Cotton Bales, Fober, Packaging, Paper, Waste, Cloth etc. Over the years, Company has developed expertise in this field and upgraded their technology by adding several automatic machinery and equipment to the plant which help to boost the production capacity and improve the quality of the products. Their manufacturing facility is located in Rajkot, Gujarat.
Objectives of the IPO
The objectives of the Gabriel Pet Straps IPO is to raise funds for the Repayment or prepayment of borrowings availed by the company from banks, NBFC and other financial instruments. Other than that net proceeds from this IPO will be used for the acquisitions of land. Also to fund the capital expenditure requirements of the company for setting up a solar plant and net proceeds will also serve for the general corporate purposes.
Financial Performance of Gabriel Pet Straps Limited
Company’s revenue increased by 54.93% and profit after tax increased by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,067.69 | 742.16 | 491.96 | 106.64 |
| Revenue | 451.9 | 1,500.60 | 968.57 | 7.7 |
| Profit After Tax | 17.3 | 51.96 | -3.68 | |
| Net Worth | 203.3 | 249.41 | 183.74 | 98.19 |
| Reserves and Surplus | 18.42 | |||
| Total Borrowing | 630.91 | 297.48 | 273.06 | |
| Amt in Lakhs |
Other Important Details of Gabriel Pet Straps Limited IPO
| IPO Date | January 31, 2024 to February 2, 2024 |
| Listing Date | 7-Feb-24 |
| Face Value | Rs 10 per share |
| Price | Rs 101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 798,000 shares (amounting to Rs 8.06 Crore) |
| Fresh Issue | 798,000 shares (amounting to Rs 8.06 Crore) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,848,840 |
| Shareholding post issue | 2,646,840 |
| Market Maker portion | 44,400 shares Shreni Shares |
Lot Size of Gabriel Pet Straps Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | Rs121,200 |
| Retail (Max) | 1 | 1200 | Rs121,200 |
| HNI (Min) | 2 | 2,400 | Rs 242,400 |
IPO Reservation of Gabriel Pet Straps Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Gabriel Pet Straps Limited and Their Holdings
The Promoters of the company are Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.
| Shareholding Pre Issue | 100.00% |
| Shareholding Post Issue | 69.84% |
Time-Table of Gabriel Pet Straps Limited IPO 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 |
Key Performance Indicator of Gabriel Pet Straps Limited IPO 2024
The market capitalization of Gabriel Pet Straps Limited Rs 26.73 crore.
| 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 |
Lead Manager(s) of Gabriel Pet Straps Limited IPO 2024
The lead manager for Gabriel Pet Straps Limited IPO is Shreni Shares Limited.
How to Apply for Gabriel Pet Straps Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Gabriel Pet Straps Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Gabriel Pet Straps Limited IPO 2024
The registrar for Gabriel Pet Straps Limited IPO is Bigshare Services Private Limited. To check your allotment status, please click on this link below https://www.bigshareonline.com/ipo_Allotment.html
FAQs
- What is Gabriel Pet Straps Limited IPO 2024?
Gabriel Pet Straps Limited IPO 2024 is a fixed price issue of Rs 8.06 crores. The issue is entirely a fresh issue of 7.98 lakh equity shares. The price is decided at Rs 101 per share. The minimum lot size of this application for the retail category is 1200 shares. The allotment for this IPO is expected to be finalized on Monday, February 5, 2024.
- Who are the lead managers for the Gabriel Pet Straps Limited IPO 2024?
Shreni Shares Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the Gabriel Pet Straps Limited handling the IPO’s administrative aspects.
- How can I apply for the Gabriel Pet Straps Limited IPO 2024?
The public subscription of this IPO will open on January 31, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The proceeds will be used for Repayment or prepayment of borrowings availed by the company from banks, NBFC and other financial instruments. Other than that net proceeds from this IPO will be used for the acquisitions of land and funding the capital expenditure requirements of the company.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Gabriel Pet Straps Limited IPO 2024 by visitinghttps://www.bigshareonline.com/ipo_Allotment.html
- What is the financial performance of Gabriel Pet Straps Limited?
Company’s revenue increased by 54.93% and profit after tax increased by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.