February 7, 2024
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Gabriel Pet Straps IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Gabriel Pet Straps IPO Post Listing Review :
Listed at Rs.115, at premium of 13.86% over the issue price of Rs. 101. The listing has been quite below the expectations of the grey market.
Gabriel Pet Straps IPO Subscription
On 2 February 2024 5.00 pm (Day 3) (Closed)
Review: Solid response on D 3
NII: 376800 Shares 361.56 T
RII: 376800 Shares 122.91 T
Total: 753600 Shares 246.20 T
Total Bids of Rs.1984.37 Cr
What is the business of Gabriel Pet Straps?
The Company is engaged in the manufacturing and selling of Pet Straps under its brand name of “Gabriel” widely used in packaging of heavy materials. It produces Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. Its product, pet straps is manufactured in appropriate composition of virgin content raw material i.e., hot washed pet bottle flakes and non-virgin content raw material i.e. used pet straps grinding. It aspires to keep improving its products, backed with innovative new technologies to provide a great experience to its customers.
Its products are sold both, domestically. it has PAN India presence with its distributors network in 10 states for its domestic market (based on sales made for the period ended on October 15, 2023 and August 02, 2023 and for the financial year ended March 31, 2023, 2022 and 2021).
It offers customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth etc. Over the years the company has developed expertise and upgraded its technology by adding several automatic machineries and equipment to the plant, which has helped it boost its production capacity and the quality of our products.
Get more information about the company @ www.gabrielpetstraps.com
| Gabriel Pet Straps IPO Details | |
| IPO opens on | 31 January 2024 |
| IPO closes on | 02 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 798000 Sh /Rs 8.06 Cr |
| * Fresh Issue | 798000 Sh /Rs 8.06 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 44400 Sh. |
| Net offer to Public | 753600 Sh./Rs.7.61 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 101 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in Gabriel Pet Straps IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 376800 | 3.81 |
| RII (50%) | 376800 | 3.80 |
| Total Shares | 753600 | 7.61 |
| Retail portion will be oversubscribed by | 314 | |
| Forms | ||
| How much Shares to Apply in Gabriel Pet Straps IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 121200 |
| Min HNI Application | 2400 Sh | Rs.242400 |
Who are the Promoters of Gabriel Pet Straps IPO?
THE PROMOTERS OF OUR COMPANY ARE MR. SHAH JAY PARESHBHAI, MR. VARASADA VIMAL DAYABHAI AND MR. KAVATHIYA VIVEK DHARMENDRABHAI
What are the Objects of Baweja Studios IPO?
The Offer comprises of a Fresh Issue of Equity shares, by the Company and an Offer for Sale.
Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
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; and
4. General corporate purposes.
| Gabriel Pet Straps IPO Tentative timetable | |
| IPO opens on | 31 January 2024 |
| IPO Closes on | 02 February 2024 |
| IPO Allotment on | 05 February2024 |
| Refund Initiation | 06 February 2024 |
| Credit of Shares | 06 February 2024 |
| Listing on | 07 February 2024 |
| Registered Office of the Company Plot No. 23, Radhe Industrial Area, Paddhari Bypass, Behind Reliance Petrol Pump, Jamnagar Highway, Paddhari, Rajkot-360110, Gujarat, India, |
| Who is the Lead Manager of Gabriel Pet Straps IPO? Shreni Shares Ltd |
| Who is the Registrar to IPO? Bigshare SERVICES Pvt Ltd |
| Gabriel Pet Straps IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 0.08 | 0 | 0 | 0 |
| 2021-22 | 9.69 | (0.05) | (1.05) | (2.00) |
| 2022-23 | 15.01 | 0.80 | 14.84 | 20.83 |
| Book Value of the Share on | 31.03.2023 | Rs 11 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 101 | |||
| Gabriel Pet Straps IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 6.81 |
| Price/BV Ratio | 9.18 |
| Upper price/BV after IPO | |
How Gabriel Pet Straps IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Gabriel Pet Straps | 10 | – 6.81 | |
| Veera Synthetics | 10 | – | – |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Gabriel Pet Straps IPO To the point Guidance
The Company is engaged in the manufacturing and selling of Pet Straps under its brand name of “Gabriel” widely used in packaging of heavy materials. It produces Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm.
Size: Being a SME IPO, the size of the IPO (Rs 7.61 Cr) is very small, as per the recent trend. With just 314 Applications, the retail portion will get one time subscribed. Considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has shown sharp rise in the top line and bottom line of F22 & F23. This raises eyebrows. Its products have nothing novel and such products can be manufactured by any other manufacturers. Fundamentally, we find this IPO not so attractive, however the lead manager Shreni Shares ltd may pull the investors and huge oversubscription is not ruled out.
Quicklinks
Gabriel Pet Straps IPO GMP Detail IPO GMP today details?
Gabriel Pet Straps IPO
Gabriel Pet Straps IPO FAQs
What is Gabriel Pet Straps IPO?
Gabriel Pet Straps IPO is a SME IPO of 798000 equity shares of the face value of Rs. 10 aggregating up to Rs.8.06 Crores. The issue is priced at Rs.101 per share. The minimum order quantity is 1200 Shares.
When Gabriel Pet Straps IPO will open?
Gabriel Pet Straps IPO opens on January 31, 2024, and closes on February 2, 2024.
What is the lot size of Gabriel Pet Straps IPO?
Gabriel Pet Straps IPO lot size is 1200 Shares, and the minimum amount required is Rs.121200.
How to apply for Gabriel Pet Straps IPO?
You can apply in Gabriel Pet Straps IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Gabriel Pet Straps IPO allotment?
The finalization of Basis of Allotment for Gabriel Pet Straps IPO will be done on February 3, 2024, and the allotted shares will be credited to your demat account by February 4, 2024.
When is Gabriel Pet Straps IPO listing date?
Gabriel Pet Straps IPO listing date is not yet announced. The tentative date of Gabriel Pet Straps IPO listing is February 5, 2024.
