Gabriel Pet Straps Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 31, 2024 to February 2, 2024 |
| Listing Date | February 7, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 101 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 7,98,000 shares (aggregating up to ₹ 8.06 Cr) |
| Fresh Issue | 7,98,000 shares (aggregating up to ₹ 8.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,48,840 |
| Share holding post issue | 26,46,840 |
| Market Maker portion | 44,400 shares Shreni Shares |
About Gabriel Pet Straps Limited IPO
Gabriel Pet Straps Limited having the world's best production line in the Pet Strap industry. They are specialized in Pet Strap cutting used in cotton ginning industry with Pan India presence with more than 1000 Customers in the industry. They have a daily capacity of 8-15 metric tonnes, not only offering our customers Pet Straps, they also offer other value added products such as tools for attaching Straps. Directors having 8 years of wide experience in this segment, firm is having a strong grip on the market. They produce Pet Strap from 9MM to 32MM width and thickness ranging from 0.5MM to 1.27MM. With their innovative ideas in products their clients get a total packaging solution from them.
Quality and timely delivery of order of product comes as a priority for Gabriel PET Straps Limited. Gabriel Pet Straps IPO is a fixed price issue of Rs 8.06 crores. The issue is entirely a fresh issue of 7.98 lakh shares. Gabriel Pet Straps IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. Shreni Shares Limited is the book running lead manager of the Gabriel Pet Straps IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Gabriel Pet Straps IPO is Shreni Shares.
Objectives of Gabriel Pet Straps IPO
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Repayment or prepayment, in full or in part, of borrowings availed by the company from banks, financial institutions and non-banking financial companies.
- 2. Acquisition of land.
- 3. Funding of capital expenditure requirements of the company towards set up of Solar Power Plant.
- 4. General corporate purposes.
Gabriel Pet Straps IPO Review
The company is in a highly competitive and fragmented segment of straps. It was a LLP firm till August 02, 2023 and got converted in to public limited company on the said date. It has posted an average financial performance so far, and based on that the issue appears exorbitantly priced. The tiny post-IPO paid-up equity capital indicates a longer gestation period. There is no harm in skipping this pricey bet.
Gabriel Pet Straps Limited IPO Financial Information
Latest Revenue
451.90
₹ Crore
Profit After Tax
17.30
₹ Crore
Net Worth
203.30
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 15 Oct 2023 | 1,067.69 | 451.90 | 17.30 | 203.30 | — | ||||
| 31 Mar 2023 | 742.16 | 1,500.60 | 51.96 | 249.41 | — | ||||
| 31 Mar 2022 | 491.96 | 968.57 | -3.68 | 183.74 | — | ||||
| 31 Mar 2021 | 106.64 | 7.70 | — | 98.19 | — | ||||
| Amount in ₹ Crore | |||||||||
Gabriel Pet Straps Limited Key Performance Indicator
| 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Gabriel Pet Straps Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |