Gabriel Pet Straps Limited IPO is set to launch on 29 January, 2023. The company initiated its business operations in the year 2020. It sells and manufactures PET straps under the brand name Gabriel. It offers packaging solutions to its clients in various sizes and colours. The company also provides the option of printing on direct straps used in industries such as fibres, cotton bales, paper, waste cloth, packaging etc. Its manufacturing is done in Rajkot and they can build straps from 9 mm to 32 mm. Gabriel PET Straps Limited has a distribution network in 10 states in India and has an employee base of 26 people.
Gabriel Pet Straps Limited IPO DETAILS
Gabriel Pet Straps Limited IPO is set to launch on 31 January, 2023. The subscription timeline extends till 2 February, 2023. The size for the IPO is 8.06 Crore Rs. Shares issued through fresh issue mode are worth Rs 8.06 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 101 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Gabriel Pet Straps Limited IPO
| IPO OPENING DATE | 31 January, 2023 |
| CLOSING DATE FOR IPO | 2 February, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 101 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 8.06 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 8.06 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 7 February, 2023 |
Gabriel Pet Straps Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 31 January, 2023 |
| CLOSING DATE FOR IPO | 2 February, 2023 |
| IPO ALLOTMENT DATE | 5 February, 2023 |
| REFUNDS | 6 February, 2023 |
| DEMAT A/C CREDITED ON | 6 February, 2023 |
| IPO LISTING DATE | 7 February, 2023 |
Gabriel Pet Straps Limited IPO begins for subscription from 31 January 2023. The IPO subscription would continue till 2 February, 2023. The allotment status for the shareholders who applied would come on 5 February, 2023. The refunds for the ones who did not get allotment would be initiated on 6 February, 2023. The DEMAT accounts of shareholders would be credited on 6 February, 2023. The listing of the company would be completed on 7 February, 2023.
Gabriel Pet Straps Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 121200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 242400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 121200 Rs. |
| Maximum | 2400 shares | 242400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 106 | 491 | 742 |
| Revenue | 7 | 968 | 1500 |
| PAT | – | (-3.68) | 51.96 |
Gabriel Pet Straps Limited had an asset base of 106 Lakh Rs in 2021. This increased to 491 Lakh Rs in 2022 and 742 Lakh Rs in 2023. The revenue of the firm was just 7 Lakh Rs in the year 2021. This increased to 968 Lakh Rs in the year 2022. The revenue of the firm was 1500 Lakh Rs in the year 2023. The company suffered a loss of 3.68 Lakh Rs in the year 2022. The profit of the firm for the year 2023 was 51.96 Lakh Rs.
PROS
- It offers packaging solutions to its clients in various sizes and colours. Gabriel Pet Straps Limited also provides the option of printing on direct straps used in industries such as fibres, cotton bales, paper, waste cloth, packaging etc.
- Its manufacturing is done in Rajkot and they can build straps from 9 mm to 32 mm.
- The Company has a distribution network in 10 states in India and has an employee base of 26 people.
Gabriel Pet Straps Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Gabriel Pet Straps Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
