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 opens for subscription on January 31, 2024 and closes on February 2, 2024. The allotment for the Gabriel Pet Straps IPO is expected to be finalized on Monday, February 5, 2024. Gabriel Pet Straps IPO will list on BSE SME with tentative listing date fixed as Wednesday, February 7, 2024.
Gabriel Pet Straps IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
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.
Refer to Gabriel Pet Straps IPO DRHP for detailed information.
Gabriel Pet Straps IPO Details
| IPO Date | January 31, 2024 to February 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 798,000 shares (aggregating up to ₹8.06 Cr) |
| Fresh Issue | 798,000 shares (aggregating up to ₹8.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,848,840 |
| Share holding post issue | 2,646,840 |
| Market Maker portion | 44,400 shares Shreni Shares |
Gabriel Pet Straps IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Gabriel Pet Straps IPO Timeline (Tentative Schedule)
Gabriel Pet Straps IPO opens on January 31, 2024, and closes on February 2, 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 |
Gabriel Pet Straps IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
Gabriel Pet Straps IPO Promoter Holding
The Promoters of the company are Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 69.84% |
About Gabriel Pet Straps Limited
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.
Gabriel Pet Straps Limited Financial Information (Restated)
Gabriel Pet Straps Limited’s revenue increased by 54.93% and profit after tax (PAT) rose by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,067.69 | 742.16 | 491.96 | 106.64 |
| Revenue | 451.90 | 1,500.60 | 968.57 | 7.70 |
| Profit After Tax | 17.30 | 51.96 | -3.68 | |
| Net Worth | 203.30 | 249.41 | 183.74 | 98.19 |
| Reserves and Surplus | 18.42 | |||
| Total Borrowing | 630.91 | 297.48 | 273.06 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Gabriel Pet Straps IPO is Rs 26.73 Cr.
| KPI | Values |
|---|---|
| ROE | 23.99% |
| ROCE | 46.89% |
| Debt/Equity | 1.19 |
| RoNW | 20.83% |
| P/BV | 1.42 |
Check Gabriel Pet Straps IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.81 | 1.12 |
| P/E (x) | 35.94 | 90.14 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.
Objects of the Issue (Gabriel Pet Straps IPO Objectives)
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 IPO Review (Avoid)
[Dilip Davda] 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 longer gestation period. There is no harm in skipping this pricey bet. Read detail review..
Gabriel Pet Straps Limited Contact Details
Gabriel Pet Straps Limited
Plot No. 23, Radhe Industrial Area,
Paddhari Bypass, Behind Reliance Petrol Pump,
Jamnagar Highway, Paddhari, Rajkot – 360110
Phone: +91 8849254043
Email: investors@gabrielpetstraps.com
Website: http://www.gabrielpetstraps.com/
Gabriel Pet Straps IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.htmlV