Gabriel Pet Straps Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Gabriel Pet Straps Ltd IPO

Gabriel Pet Straps Limited is engaged in the manufacturing and selling of Pet Straps under its brand name of Gabriel widely used in packaging of heavy materials. The Company produces Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. Its 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. The Company aspires to keep improving its products, backed with innovative new technologies to provide a great experience to its customers.

Gabriel Pet Straps Ltd IPO Details

Total Shares Offered

₹ 7,98,000

Offer to Public

TBA

Retail Max (Shares)

₹ 3,76,800

Pre Issue Promoters Holding

₹ 18,13,840

Exchange

BSE

Issue size

TBA

IPO Open Date

Jan 31, 2024

Close Date

Feb 2, 2024

Lot Size

1200

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Feb 7, 2024

Gabriel Pet Straps Ltd IPO Dates

Jan 31, 2024

Opening date

Feb 2, 2024

Closing date

Feb 5, 2024

Basis of Allotment

Feb 6, 2024

Initiation of Refunds

Feb 6, 2024

Credit of Shares

Feb 7, 2024

Listing date

Details

Sector	Type
Sector	Plastics Products
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	376800
Retail	0x	376800
Employee	0x	0
Total	0x	798000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

376800

798000

Gabriel Pet Straps Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	2.48	0.89	1.38
EBITDA	2.87	0.90	1.96
PAT	1.56	0.65	0.52
Total Assets	46.96	9.36	5.05
Share Capital	5.60	2.65	2.49
Total Borrowings	29.29	2.69	3.30
Operating Activities (Net Cash)	1.95	0.66	1.10
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	29.29	2.69	3.30
Net Cashflow	7.10	1.89	0.13

About Gabriel Pet Straps Ltd

Gabriel Pet Straps Limited 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, the Company was converted in to a public limited company M/s. Gabriel Pet Straps Limited on August 03, 2023 pursuant to the provisions of Chapter XXI of the Companies Act and fresh a certificate of Incorporation dated August 03, 2023 was issued by Registrar of Companies, Central Registration Centre vide CIN No. U22201GJ2023PLC143546.

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 Straps has been the third largest market of recycled PET Industry in terms of revenues, while it has been the second largest market in terms of production volume.

Peer Comparison:

Vera Synthetic Ltd

Gabriel Pet Straps Ltd Key Points

Strengths

Management Experience.

Quality Assurance.

Existing relationship with suppliers.

Customer base across geographies and industries.

Location of the manufacturing unit, in-house manufacturing facility with equipped machines and processes.

Risk

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

The costs of the raw materials that the company uses in its manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may have a material adverse effect on its business, financial condition, results of operations and cash flows.

Its business is dependent and will continue to depends on the company manufacturing facility, and its subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

Strategy

Expanding its clientele Network by Geographic expansion.

Reduction of operational costs and achieving functional efficiency.

Focus on cordial relationship.

Focus on dealing in quality standard products.

Technology enhancements.

How To Apply for Gabriel Pet Straps Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

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

Gabriel Pet Straps Ltd's IPO offers shares for up to 8.06 It begins on Jan 31, 2024 and ends on Feb 2, 2024.

What is the price of the Gabriel Pet Straps Ltd IPO?

The price of Gabriel Pet Straps Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Gabriel Pet Straps Ltd IPO?

The Gabriel Pet Straps Ltd IPO opens on Jan 31, 2024 and closes on Feb 2, 2024.

When will the Gabriel Pet Straps Ltd IPO be allotted?

The allotment for the Gabriel Pet Straps Ltd IPO will be finalised on Feb 5, 2024. The shares will be listed on BSE and NSE on Feb 7, 2024.

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

The minimum lot size for Gabriel Pet Straps Ltd IPO is 1200 shares, priced between NA to NA per share.

What is the GMP of Gabriel Pet Straps Ltd IPO?

The GMP (Grey Market Premium) of Gabriel Pet Straps Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Gabriel Pet Straps Ltd IPO?

To check the allotment status of Gabriel Pet Straps Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Gabriel Pet Straps Ltd IPO getting listed?

The Gabriel Pet Straps Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 31, 2024, and closes on Feb 2, 2024. The allotment is finalised on Feb 5, 2024.

How do you apply for the Gabriel Pet Straps Ltd IPO?

To apply for the Gabriel Pet Straps Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.