Gabriel Pet Straps is scheduled to hit the market on January 31, 2024 and close on February 02, 2024. Gabriel Pet Straps plans to raise around ₹8.06 Cr through an IPO with a sale of up to 798,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2020, Gabriel Pet Straps Limited is a key player in the manufacturing and distribution of Pet Straps, marketed under the brand name Gabriel, designed specifically for heavy material packaging. The company specializes in providing customized packaging solutions, offering an array of sizes and colors, with an additional option for direct printing on the strapping. Gabriel Pet Straps caters to diverse industries, including cotton bales, fibers, packaging, paper, waste cloth, among others.
Situated in Rajkot, Gujarat, the manufacturing facility of Gabriel Pet Straps produces pet straps ranging from 9 mm to 32 mm in width and 0.70 mm to 1.30 mm in thickness. The company extends its operations across India, maintaining a robust distribution network spanning 10 states in the domestic market. As of October 31, 2023, Gabriel Pet Straps Limited employed a workforce of 26 individuals, encompassing both factory and office personnel.
Gabriel Pet Straps IPO Details
Gabriel Pet Straps IPO opens on Jan 31, 2024, and closes on Feb 02, 2024. The Listing date for Gabriel Pet Straps IPO is on Feb 07, 2024. The price band for IPO is ₹101 per share and lot size of 1200 Shares.
| IPO Date | Jan 31, 2024 to Feb 02, 2024 |
| Listing Date | Feb 07, 2024 |
| Price | ₹101 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹8.06 Cr |
| Face Value | ₹10 per share |
Gabriel Pet Straps IPO Tentative Timetable
Gabriel Pet Straps opening date is January 31, 2024 and close date is February 02, 2024. The IPO allotment date is February 05, 2024. The refund initiation of IPO is on February 06, 2024. The credit of shares in demat account is on February 06, 2024. The listing date is on February 07, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 31, 2024 |
| IPO Closing | Feb 02, 2024 |
| IPO Allotment Date | Feb 05, 2024 |
| Refund Initiation | Feb 06, 2024 |
| Shares Credit to Demat | Feb 06, 2024 |
| Lisiting Date | Feb 07, 2024 |
Gabriel Pet Straps IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹121,200 |
| Retail(Maximum) | 1 | 1200 | ₹121,200 |
| HNI (Minimum) | 2 | 2400 | ₹242,400 |
Gabriel Pet Straps IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.84% |
Gabriel Pet Straps IPO Review
Gabriel Pet Straps Ltd. (GPSL) is set to launch its maiden IPO, presenting itself as a manufacturer and marketer of pet straps under the brand “Gabriel.” Specializing in the production of pet straps widely used in heavy material packaging, GPSL has transformed from an LLP firm to a public limited company as of August 02, 2023. The company operates in a competitive and fragmented market, supplying customized bulk packaging solutions to diverse industries such as Cotton Bales, Fiber, Packaging, Paper, and Waste Cloth. The IPO comprises 798,000 equity shares at a fixed price of Rs. 101 per share, aiming to mobilize Rs. 8.06 cr. GPSL's distribution network spans 10 states as of October 15, 2023, with a PAN India presence. While the company has shown average financial performance, with total income/net profit of Rs. 15.01 cr. / Rs. 0.52 cr. in FY23, concerns arise about the sustainability of its boosted growth in FY23. The financials indicate an average EPS of Rs. 7.07 and an average RONW of 9.75% over the last three fiscal years.
Post-IPO, the company's market cap is expected to reach Rs. 26.73 cr., with a P/BV of 2.84 based on its NAV of Rs. 35.54 per share. However, the exorbitant P/E of 47.20 based on annualized FY24 earnings raises questions about the issue's pricing. The absence of declared dividends and the highly competitive market further contribute to the skepticism. Shreni Shares Ltd. leads the IPO, and given the competitive segment and pricing concerns, potential investors may exercise caution and consider alternative investment options.
Despite being engaged in a competitive and fragmented market, GPSL's IPO presents certain risks, particularly with concerns about its sustainability and exorbitant pricing. The company's transformation from an LLP to a public limited company adds an additional layer of complexity. Investors may exercise prudence and consider the risks associated with the company's performance and competitive landscape before deciding to participate in this IPO. The absence of a dividend track record and the highly competitive market dynamics may make this offering less appealing for certain investors.
Gabriel Pet Straps IPO Subscription Status (Bidding Details)
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Gabriel Pet Straps IPO FAQs
What is Gabriel Pet Straps IPO?
Gabriel Pet Straps is issuing 798,000 equity shares with a face value of ₹10 each, totaling up to ₹8.06 Cr. The shares are being offered at a price of ₹101 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Gabriel Pet Straps IPO will open?
Gabriel Pet Straps will open on January 31, 2024 for QIB, NII, and Retail Investors.
When Gabriel Pet Straps IPO will end?
Gabriel Pet Straps will end on February 02, 2024.
What is Gabriel Pet Straps IPO Size?
Gabriel Pet Straps IPO size is ₹8.06 Cr.
What is Gabriel Pet Straps IPO Price Band?
Gabriel Pet Straps price band is ₹101 per share.
What is the Gabriel Pet Straps IPO Allotment Date?
Gabriel Pet Straps allotment date is February 05,2024.
What is the Gabriel Pet Straps IPO Listing Date?
Gabriel Pet Straps listing date is February 07, 2024. The IPO is to be listed on BSE and NSE.
How to Gabriel Pet Straps IPO through Zerodha?
To apply for the IPO “Gabriel Pet Straps” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Gabriel Pet Straps IPO through Upstox?
To apply for the IPO “Gabriel Pet Straps” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Gabriel Pet Straps IPO Allotment Status?
For Gabriel Pet Straps IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Gabriel Pet Straps IPO GMP?
You can check out here: Gabriel Pet Straps IPO GMP