IPO

Gabriel Pet Straps Ltd. IPO

Gabriel Pet Straps Ltd., established in 2023, operates in the Textiles - Synthetic/Silk sector. The company's IPO opened on January 31, 2024 and closed on February 2, 2024, with an issue price of ... Read more

Min Investment
₹ 1,21,200 / 1200 shares
Price Range
₹101
Bidding Dates
31 Jan '24 - 2 Feb '24
Total Issue Value
4.25 Cr
Lot Size
1,200
Total Issue Size
4.25 Cr
Listing At
BSE SME
Subscription
246.43 times
BSE Price
178.00 (76.24%)

IPO Timeline

  • 31 Jan 2024
    Bidding Starts
  • 2 Feb 2024
    Bidding Ends
  • 5 Feb 2024
    Allotment Finalization
  • 7 Feb 2024
    Listing

About Gabriel Pet Straps Ltd.

Our Company is engaged in the manufacturing and selling of Pet Straps under our brand name of “Gabriel” widely used in packaging of heavy materials. We produce Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. Our product, pet straps is manufactured in ... Read more

Parent organisation
Founded
Gabriel Pet Straps Ltd.
2023

Gabriel Pet Straps Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 44,400 (10.54%)
Non Institutional Investors 3,76,800 (89.46%)
Retail Individual Investors (RIIs) 3,76,800 (89.46%)

Gabriel Pet Straps Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 10.73 Cr 65.08 Lakh 7.92 Cr
31 Mar 2023 15.01 Cr 51.96 Lakh 51.96 Lakh
31 Mar 2022 9.69 Cr -3.68 Lakh -3.68 Lakh

Gabriel Pet Straps Ltd. Background

Our Company was originally formed as Limited Liability Partnership Firm under the name and style of “M/s. Gabriel Pet Straps LLP” on November 12, 2020 bearing Registration No. AAU-6830. Thereafter, our Company was converted in to a public limited company “M/s. Gabriel Pet Straps ...

Our Company is engaged in the manufacturing and selling of Pet Straps under our brand name of “Gabriel” widely used in packaging of heavy materials. We produce Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. Our 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. We aspire to keep improving our products, backed with innovative new technologies to provide a great experience to our customers. We believe our products enables us to capitalize on growth opportunities and increasing demand of our industry.

Read more

Major Events And Milestones
  • 2020
    Formed as a Limited Liability Partnership Firm in the name and style of “Gabriel Pet Straps LLP”
  • 2023
    Conversion of Limited Liability Partnership Firm into Public Limited Company in the name and style of “Gabriel Pet Straps Limited”
Gabriel Pet Straps Ltd. Object of Issues

1. Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies
2. Acquisition of land
3. Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant
4. General corporate purposes

Gabriel Pet Straps Ltd. IPO Listing Details
Listing Date
7 Feb 2024
BSE Script Code
GABRIELPET
ISIN
INE0QZF01012
Final Issue Price
₹ 101
Gabriel Pet Straps Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 101.00 -
Open ₹ 115.00 -
Low ₹ 111.20 -
High ₹ 120.75 -
Last Trade ₹ 120.75 -
Gabriel Pet Straps Ltd. Company Promoters

1. Mr. Shah Jay Pareshbhai
2. Mr. Varasada Vimal Dayabhai
3. Mr. Kavathiya Vivek Dharmendrabhai

Industry Overview

Pet straps are largely used by the cotton industry, which accounts for a 45% share, followed by automotive, appliance, and others. India has about 30 manufacturers, with the western region being the principal supplier. The market is expected to record a high CAGR of 14% from 2015 to 2020. PET ... Read more

Gabriel Pet Straps Ltd. Contact Details
Address: Plot No. 23, Radhe Industrial Area, Paddhari Bypass, Behind Reliance Petrol Pump, Jamnagar Highway, Paddhari, Rajkot Gujarat - 360110
Phone no:93760 11098
93760 11098
|
Gabriel Pet Straps Ltd. IPO Registrar
Bigshare Services Private Limited.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Gabriel Pet Straps Ltd. IPO Lead Manager(s)
Shreni Shares Ltd.
No. 217, Hive 67 Icon, Poisar Gymkhana Road, Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai Maharashtra - 400067
20897022

FAQs

When does Gabriel Pet Straps Ltd. IPO opens and closes?

Gabriel Pet Straps Ltd. IPO opens from 31st January to 2nd February 2024.

What is the size of Gabriel Pet Straps Ltd. IPO?

The size of the Gabriel Pet Straps Ltd. IPO is ₹4.25 Cr.

What is the minimum investment and lot size required for the Gabriel Pet Straps Ltd. IPO?

The minimum investment required is ₹1,21,200 and minimum lot size is 1200 shares.

When is Gabriel Pet Straps Ltd. IPO listing date?

The Gabriel Pet Straps Ltd. IPO will be listed on 7th February 2024.

What is the objective of Gabriel Pet Straps Ltd. IPO?

1. Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies
2. Acquisition of land
3. Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant
4. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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