Gabriel Pet Straps Limited IPO
- IPO Date31 Jan, 2024 to 02 Feb, 2024
- Listing Date07 Feb, 2024
- Face Value₹10 per share
- Issue Price₹101 to ₹101 per share
- Lot Size1200 Shares
- Minimum Investment₹1,21,200
- Listing AtBSE SME
- Total Issue Size7,98,000 Shares
(aggregating up to ₹8.06 Cr) - Fresh Issue7,98,000 Shares
(aggregating up to ₹8.06 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue18,48,840
- Shareholding post issue26,46,840
IPO Dates
Closing Date
02 Feb, 2024
Initiation of Refunds
06 Feb, 2024
Listing Date
07 Feb, 2024
31 Jan, 2024
Opening Date
05 Feb, 2024
Basis of Allotment
06 Feb, 2024
Credit of Shares
Gabriel Pet Straps Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 2400 | ₹2,42,400 |
| Retail (Min) | 1 | 1200 | ₹1,21,200 |
| Retail (Max) | 1 | 1200 | ₹1,21,200 |
Gabriel Pet Straps Limited Promoter Holding
The Promoters of the company are Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 69.84% |
Gabriel Pet Straps Limited COMPANY INFORMATION
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 bidding started from January 31, 2024 and ended on February 2, 2024. The allotment for Gabriel Pet Straps IPO was finalized on Monday, February 5, 2024. The shares got listed on BSE SME on February 7, 2024. Gabriel Pet Straps IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400. 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. Refer to Gabriel Pet Straps IPO RHP for detailed information.
Gabriel Pet Straps Limited was founded in 2020 and manufactures and sells Pet Straps under the brand name Gabriel for the packaging of heavy materials.
The company offers tailor-made packaging solutions in various sizes and colors, as well as the additional option of printing directly on the strapping, for various industries such as cotton bales, fibres, packaging, paper, waste cloth, etc.
The manufacturing facility of Gabriel Pet Straps is located in Rajkot, Gujarat. The company manufactures pet straps in widths ranging from 9 mm to 32 mm and thicknesses from 0.70 mm to 1.30 mm.
Gabriel operates across India and has a distribution network in 10 states for the domestic market.
As of October 31, 2023, the company employed 26 people (including laborers) in its factory and office.
FAQs About Gabriel Pet Straps Limited Ipo
Gabriel Pet Straps Limited IPO will open on 31 Jan, 2024 and close on 02 Feb, 2024. Investors must apply within this period to participate.
The Gabriel Pet Straps Limited IPO price band is set between ₹101.00 and ₹101.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹121200.00.
The Gabriel Pet Straps Limited IPO shares are expected to be listed on 07 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Gabriel Pet Straps Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Gabriel Pet Straps Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.