The Gabriel Pet Straps IPO date has been confirmed from January 31, 2024, and closes on February 2, 2024. Read the post to learn about Gabriel Pet Straps IPO GMP.
Gabriel Pet Straps Developers IPO is a fixed price issue of Rs 8.06 crores. The 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.
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Bidding Dates
Jan 31-Feb 2
Price Range
₹101 per share
Face Value
₹10 per share
GMP
₹50
Gabriel Pet Straps IPO GMP
The Gabriel Pet Straps IPO GMP Today is ₹50.
IPO Overview
Gabriel Pet Straps IPO is a fixed-price offering of Rs 8.06 crore. The issue is wholly new, with 7.98 lakh shares issued. Gabriel Pet Straps’ initial public offering (IPO) begins subscriptions on January 31, 2024 and ends on February 2, 2024. The allotment for the Gabriel Pet Straps IPO is expected to be completed on Monday, February 5, 2024. Gabriel Pet Straps IPO will be listed on BSE SME, with a tentative listing date of Wednesday, February 7, 2024. Gabriel Pet Straps’ IPO price is ₹101 per share. Gabriel Pet Straps IPO date.
The minimum lot size for an application is 1200 shares. The minimum investment for retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400. As of October 31, 2023, the company had 26 employees at its plant and office.
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 |
Gabriel Pet Straps Limited Financial Information
| 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 | ||||
Gabriel Pet Straps 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 |
Company Profile
Gabriel Pet Straps Limited was established in 2020 and manufactures and sells Pet Straps under the brand name Gabriel for the packaging of heavy items. The company provides custom packaging solutions in a variety of sizes and colours, as well as the option of printing directly on the strapping, for industries such as cotton bales, fibres, packaging, paper, waste cloth, and so on. Gabriel Pet Straps’ production facility is located in Rajkot, Gujarat. The company produces pet straps ranging in width from 9 mm to 32 mm and thickness from 0.70 mm to 1.30 mm. Gabriel
operates throughout India and has a distribution network in ten states for domestic sales.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Gabriel Pet Straps Limited |
| Phone number | +91 8849254043 |
| Email ID | investors@gabrielpetstraps.com |
| Website | gabrielpetstraps.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
