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02 May 2024

Gabriel Pet Straps Limited IPO

Gabriel Pet Straps Limited having the world's best production line in the Pet Strap industry. They are specialized in Pet Strap cutting used in cotton ginning industry with Pan India presence with more than 1000 Customers in the industry. They have a daily capacity of 8-15 metric tonnes, not only offering our customers Pet Straps, they also offer other value added products such as tools for attaching Straps. Directors having 8 years of wide experience in this segment, ﬁrm is having a strong grip on the market. They produce Pet Strap from 9MM to 32MM width and thickness ranging from 0.5MM to 1.27MM. With their innovative ideas in products their clients get a total packaging solution from them.

Quality and timely delivery of order of product comes as a priority for Gabriel PET Straps Limited. 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 price is ₹101 per share. The minimum lot size for an application is 1200 Shares. 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.

Gabriel Pet Straps IPO Overview

Detail	Description
IPO Date	January 31, 2024 to February 2, 2024
Listing Date	February 7, 2024
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 Timeline (Tentative Schedule)

Detail	Description
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

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹121,200
Retail (Max)	1	1200	₹121,200
HNI (Min)	2	2,400	₹242,400

Gabriel Pet Straps IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	-
Market Maker Shares Offered	44,400 (5.56%)
Other Shares Offered	376,800 (47.22%)
Retail Shares Offered	376,800 (47.22%)
Total Shares Offered	798,000 (100%)

Gabriel Pet Straps IPO Promoter Holding

Share Holding Pre Issue	100.00%
Share Holding Post Issue	69.84%

Company & Financials

Gabriel Pet Straps Ltd. (GPSL) is the company that was originally incorporated as Gabriel Pet Straps LLP in November 2020, got converted into a public limited company on August 02, 2023. GPSL 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 products, pet straps are 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. The company has PAN India presence with distributors network in 10 states as of October 15, 2023.It offers customized bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth etc. Over the years it has developed expertise and upgraded technology by adding several automatic machines and equipment to the plant, which has helped it boost production capacity and the quality of products.

Gabriel Pet Straps Limited Financial Information

Period Ended	15 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

KPI	Values
ROE	23.99%
ROCE	46.89%
Debt/Equity	1.19
RoNW	20.83%
P/BV	1.42

	Pre IPO	Post IPO
EPS (Rs)	2.81	1.12
P/E (x)	35.94	90.14

Objectives of Gabriel Pet Straps IPO

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:

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.
4. General corporate purposes.

Gabriel Pet Straps IPO Review

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 a longer gestation period. There is no harm in skipping this pricey bet.

FAQs for Gabriel Pet Straps IPO

What Is The Allotment Date Of The Gabriel Pet Straps IPO?

The allotment date of the Gabriel Pet Straps IPO is February 5, 2024.
What Is The Price Band Of Gabriel Pet Straps IPO?

The price band of the Gabriel Pet Straps IPO is INR 101 per share.
What Is The Size Of The Gabriel Pet Straps IPO?

The Gabriel Pet Straps IPO Issue includes a fresh Issue of up to 7,98,000 Equity Shares of the Company, totaling INR 8.06 crores. The Company intends to use the funds raised for borrowing repayment, land acquisition, solar plant setup, and corporate purposes.
What Is The Listing Date Of The Gabriel Pet Straps IPO?

The listing date of the Gabriel Pet Straps IPO is February 7, 2024.