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Gabriel Pet Straps IPO
Price Band
₹
Issue Size
₹8.06 Cr
Lot Size
1,200 shares
Min Investment
₹121,200
GMP
+₹50.0 (49.5%)
Issue Price
₹101.0
Subject to Sauda
₹45600
Paid only if allotted
Gabriel Pet Straps IPO AI Summary
- Gabriel Pet Straps IPO is listed on BSE SME in the Other Industrial Products sector.
- Subscription window: 31 Jan–02 Feb 2024, listing on 07 Feb 2024.
- Current GMP is +₹50.0 (49.5%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Gabriel Pet Straps IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Gabriel Pet Straps IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+49.5%
Est. Listing
₹151.0
Updated: 25 Jul 2026 14:07
About the Company
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.
Company Financials (₹ Cr)
As of 2023-10-31
| Period Ended | 15 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 10.68 | 7.42 | 4.92 | 1.07 |
| Total Income | 4.52 | 15.01 | 9.69 | 0.08 |
| Profit After Tax | 0.17 | 0.52 | -0.04 | |
| NET Worth | 2.03 | 2.49 | 1.84 | 0.98 |
| Reserves and Surplus | 0.18 | |||
| Total Borrowing | 6.31 | 2.97 | 2.73 |
Key Ratios
EPS
₹2.81
NAV
₹2494.14
ROE
23.99%
ROCE
46.89%
RoNW
20.83%
P/B Value
1.42
P/E Ratio
35.94
Market Cap
₹26.73 Cr
PAT Margin
3.46%
Debt/Equity
1.19
Peer Comparison
| Company | NAV | RoNW | EPS Basic | P/E (x) | EPS Diluted |
|---|---|---|---|---|---|
| Vera Synthetic Limited | 38.77 | 9.51% | 3.69 | — | — |
| Gabriel Pet Straps Limited This IPO | 71.26 | 20.83% | 2.81 | 35.94 | 2.81 |
Promoters
Shah Jay Pareshbhai, Varasada Vimal Dayabhai and Kavathiya Vivek Dharmendrabhai
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies 1.73 2 Acquisition of land 1.98 3 Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant 2.93 4 General Corporate Purpose 0.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹0.08 Cr in the period ending 31 Mar 2021, rising to ₹9.69 Cr by 31 Mar 2022, then increasing further to ₹15.01 Cr by 31 Mar 2023. However, in the most recent period ending 15 Oct 2023, total income decreased to ₹4.52 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was a loss of ₹0.04 Cr in the period ending 31 Mar 2022, which improved to a profit of ₹0.52 Cr by 31 Mar 2023. In the latest period ending 15 Oct 2023, profit after tax was ₹0.17 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Gabriel Pet Straps Limited has an implied P/E ratio of 35.94 at the issue price, compared to peers like Vera Synthetic Limited, which has a P/E of 9.51. This suggests Gabriel is priced at roughly 3.8 times trailing earnings, while peers are trading at a significantly lower range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO on its debut day. It reflects the demand and supply dynamics in the unofficial market for shares before they are officially listed.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to price fluctuations and uncertainties in early trading.
IPO Timeline, Explained
The IPO process includes several key dates: the open date is January 31, 2024, and the close date is February 2, 2024. Allotment of shares will occur on February 5, 2024, with the listing date set for February 7, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance.
This evaluation is generated from Gabriel Pet Straps's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Gabriel Pet Straps IPO GMP today?
Gabriel Pet Straps IPO GMP today is +₹50.0 (49.5%). GMP is an unofficial grey-market indicator and can change daily.
When does Gabriel Pet Straps IPO open and close?
Gabriel Pet Straps IPO opens on 31 January 2024 and closes on 02 February 2024.
When does Gabriel Pet Straps IPO list on the stock exchange?
Gabriel Pet Straps IPO listed on 07 February 2024 at ₹151.0.
What is the lot size for Gabriel Pet Straps IPO?
The lot size for Gabriel Pet Straps IPO is 1200 shares, requiring a minimum investment of ₹121,200.
What is the lot size for the IPO?
The lot size for the Gabriel Pet Straps IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹121,200.
What is the issue price of the shares?
The issue price of the shares is ₹101.0.
When is the listing date for the IPO?
The listing date for the IPO is February 7, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Jan 2024
Close
02 Feb 2024
Allotment
05 Feb 2024
Listing
07 Feb 2024
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