Gabriel Pet Straps Limited IPO

31 Jan 2024 - 02 Feb 2024 Individual Category SME IPO NSE

Min Investment

Price Band

₹101-₹0

Issue Size

7.98 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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31 Jan 2024

Open Date

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02 Feb 2024

Close Date

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05 Feb 2024

Allotment Date

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07 Feb 2024

Listing Date

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 Gebriel Pet Straps Limited is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Gebriel Pet Straps Limited IPO is Shreni Shares.

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About Gabriel Pet Straps Limited Ipo

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.

Founded

2020

Managing Director

Shah Jay Pareshbhai

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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