Gabriel Pet Straps was incorporated on 12 November 2020. The company is engaged in the manufacturing and selling of pet straps under its brand name “Gabriel”, widely used in packaging of heavy materials. It produces pet strap from 9mm to 32mm in width and thickness ranging from 0.70mm to 1.30mm.
| Bidding Dates |
|---|
| 31 Jan 2024 - 02 Feb 2024 |
| Subscription |
|---|
| 232.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,200 | 1 | 1 | 1200 | 798.0 K | ₹101 | 69.85 % | ₹80.6 M | RHP DOC |
Gabriel Pet Straps IPO SUBSCRIPTION STATUS
02 Feb '24Gabriel Pet Straps IPO overall subscription rate was 232.56 times the total available shares
Gabriel Pet Straps IPO retail subscription rate was 116.08 times in the retail segment
Gabriel Pet Straps IPO non-institutional investor subscription rate was 349.04 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Feb 2024 (Day 3) | 116.08x | 349.04x | - |
01 Feb 2024 (Day 2) | 17.71x | 4.39x | - |
31 Jan 2024 (Day 1) | 1.66x | 0.82x | - |
Gabriel Pet Straps FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 5.2 | 150.0 | 0.3 | 0.9 |
| FY22 | 0.4 | 96.6 | -1.9 | -32.6 |
| FY21 | 0.0 | 0.8 | -6.3 | -9.3 |
Gabriel Pet Straps IPO SUBSCRIPTION STATUS DETAILS
Gabriel Pet Straps had 798.0 K shares on offer
Gabriel Pet Straps IPO offer price was ₹101
Gabriel Pet Straps IPO minimum Investment was ₹121200
Gabriel Pet Straps IPO issue size was ₹ 80.6 M
Gabriel Pet Straps had a minimum lot size of 1200 Shares per application
Gabriel Pet Straps NUMBER OF SHARES ON OFFER
Gabriel Pet Straps IPO IMPORTANT DATES
| Issue Open Date | 31 Jan 2024 |
| Issue close Date | 02 Feb 2024 |
| Allotment Date | 05 Feb 2024 |
| Refund Date | 06 Feb 2024 |
| Demat Account Credit Date | 06 Feb 2024 |
| Listing Date | 07 Feb 2024 |
| Listing on Exchange(s) | BSE |
| Gabriel Pet Straps Allotment Status | Exchange |
Gabriel Pet Straps IPO subscription opened on 31 Jan 2024, and closed on 02 Feb 2024
IPO allotment for Gabriel Pet Straps was finalized on Monday, 05 Feb 2024
IPO listing for Gabriel Pet Straps was on BSE on Wednesday, 07 Feb 2024
Gabriel Pet Straps IPO LISTING GAINS
| Issue Price (adjusted) | 101.0 |
| Listing Open Price | 115.0 |
| Listing Close Price | 120.8 |
| Listing Gain% | 13.9% |
| Current Gain% | -15.3% |
Gabriel Pet Straps Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gabriel Pet Straps Ltd. | 85.5 | 22.6 | 12.1 | 0.1 | 4.7 | 3.9 | 184.6 | 5.3 | 7.1 | ||||
| Pasupati Acrylon Ltd. | 62.4 | 556 | 5.8 | 0 | 0.5 | 16 | 11 | 1018.8 | 61 | 69.9 | 97.6 | 10.7 | 269.2 |
| Vardhman Acrylics Ltd. | 44.7 | 359.5 | 8.6 | 0 | 1.1 | 10.7 | 8 | 333.8 | 12.3 | 27.2 | 130.5 | 5.2 | 351.5 |
| Indian Acrylics Ltd. | 5.8 | 78.9 | -3.3 | -0.1 | 0.2 | 0 | -6.8 | 357.4 | -9.4 | -24.1 | 22 | -1.8 | 22 |
| Aadi Industries Ltd. | 8.8 | 8.8 | -48.2 | 5.4 | 0 | -7.1 | 0 | -99.4 | -0.2 | -8.8 | -0.2 | -9 |
Gabriel Pet Straps INFORMATION ON IPO ISSUE
About Gabriel Pet Straps
Gabriel Pet Straps was incorporated on 12 November 2020. The company is engaged in the manufacturing and selling of pet straps under its brand name “Gabriel”, widely used in packaging of heavy materials. It produces pet strap from 9mm to 32mm in width and thickness ranging from 0.70mm to 1.30mm.
Object of the Issue
- 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 the setup of a solar power plant.
- General corporate purposes.
Gabriel Pet Straps - PROMOTERS
| Name |
|---|
| Shah Jay Pareshbhai |
| Varasada Vimal Dayabhai |
| Kavathiya Vivek Dharmendrabhai |
Gabriel Pet Straps Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Gabriel Pet Straps Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Gabriel Pet Straps Strengths
Quality assurance
The company adheres to quality standards as prescribed by customers to meet the desired requirement; hence, it gets repetitive orders from the customers. The company focuses on maintaining a consistent level of service, thereby building customer loyalty for its brand
Customer base across geographies
The company has a customer base across industries and geographies. Its customers are typically engaged in various industries, including cotton bales, fiber, packaging, paper, waste cloth, etc., and are spread across various geographies, which helps it mitigate risks resulting from customer, industry, and geographic concentration
Scalable business model
The company's business model is scalable. It is customer-centric and requires optimum utilisation of existing resources, assuring quality supply and achieving consequent economies of scale
Gabriel Pet Straps Risks
Outstanding litigation
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the business, reputation, and results of operations
High debt-equity ratio
The company has a higher debt-equity ratio which requires significant cash flows to service the debt obligations, and this, together with the conditions and restrictions imposed by the financing arrangements, may limit its ability to operate freely
Competitive pressures
The company faces significant competitive pressures from other players in the business, as the industry segments in which it operates are fragmented. Its inability to compete effectively would be detrimental to the business
IPO FAQs
The promoters of the company are Shah Jay Pareshbhai, Varasada Vimal Dayabhai and Kavathiya Vivek Dharmendrabhai.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 101.0 - 101.0.
The IPO application opens on Jan 31, 2024 and closes on Feb 02, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 121,200.0, the maximum value for this IPO is Rs 121,200.0.
This IPO will be allotted on Feb 05, 2024.
The refund will be credited to your account on Feb 06, 2024.
The allotted shares will be credited to your demat on Feb 06, 2024.
Gabriel Pet Straps Ltd.’s shares listed on the stock exchanges on Feb 07, 2024.