IPO Details
Bidding Dates
To be announced
Minimum Investment
₹1,21,200
Price Range
₹101 per share
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
7,98,000 equity shares aggregating up to ₹805.98 lakh
Investor category and sub category
RIIs | NIIs | QIBs | Eligible employees |About Gabriel Pet Straps Ltd
Gabriel Pet Straps Limited was originally established as a Limited Liability Partnership Firm named "M/s. Gabriel Pet Straps LLP" on November 12, 2020. The company specialises in the manufacturing and selling of Pet Straps, marketed under "Gabriel," which are widely utilised for packaging heavy materials. The product range includes Pet Straps ranging from 9mm to 32mm in width and thickness from 0.70mm to 1.30mm.
Gabriel Pet Straps Limited employs a unique manufacturing process, using virgin raw material (hot-washed pet bottle flakes) and non-virgin raw material (used pet straps grinding) to produce high-quality pet straps. The company is committed to continuous improvement and innovation, leveraging new technologies to enhance customer experience and capitalise on industry growth opportunities.
The company provides customised bulk packaging solutions to various industries, including Cotton Bales, Fiber, Packaging, Paper, and Waste Cloth. Over the years, Gabriel Pet Straps Limited has invested in upgrading technology and adding automatic machinery to boost production capacity and product quality.
Adhering to the "Waste to Best Process" philosophy, the company operates extrusion lines with state-of-the-art quality control and testing machinery. Gabriel Pet Straps Limited offers pet straps in different sizes and colours and provides the option of direct printing on the straps. The company maintains strong relationships with reliable material suppliers, ensuring a steady supply of raw materials that meet specified dimensions.
The manufacturing facilities of Gabriel Pet Straps Limited are well-equipped with machinery and handling equipment to facilitate a smooth production process and efficient logistics. The company prioritises safety by adhering to key safety norms established through internal safety protocols.
Pet straps, primarily utilised by the cotton industry (45% share), find applications in automotive, appliances, and other sectors. In India, approximately 30 manufacturers operate, with the western region being the main supplier. The market is anticipated to witness a substantial CAGR of 14% from 2015 to 2020.
Gabriel Pet Straps Ltd IPO Details
Gabriel Pet Straps Ltd IPO Dates
The exact dates are yet to be announced.
Gabriel Pet Straps Ltd IPO Price Band
Gabriel Pet Straps Limited’s IPO is a fresh issue IPO of up to ₹8.06 crore. It is a fixed-price issue. The price range is set at ₹101 per share, including a premium of ₹91 per share.
Gabriel Pet Straps Ltd IPO Lot Size
The lot size for Gabriel Pet Straps Limited’s IPO is 1,200 shares.
Gabriel Pet Straps Ltd IPO Objectives
The objectives for the IPO of Gabriel Pet Straps Limited are as follows:
- Repayment or Prepayment of Borrowings: Utilizing an estimated amount of ₹173.07 lakh from the net proceeds to repay or prepay, either in full or in part, the borrowings availed by the company from banks, financial institutions, and non-banking financial companies. As of October 15, 2023, the aggregate outstanding borrowings of the company is ₹630.90 lakh.
- Acquisition of Land: Gabriel Pet Straps Limited plans to allocate an estimated amount of ₹197.93 crores from the net proceeds for acquiring land in Rajkot, Gujarat, to set up a solar power plant.
- Funding Capital Expenditure for Solar Power Plant Setup: Allocating an estimated amount of ₹292.50 crores from the net proceeds to fund the capital expenditure requirements of Gabriel Pet Straps Limited for establishing a Solar Power Plant.
- General Corporate Purpose: The remaining net proceeds, not exceeding 25% of the gross proceeds of the Issue, will be utilised for general corporate purposes. The specific amount for this purpose is yet to be disclosed.
How to Check the Allotment Status of the Gabriel Pet Straps Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Gabriel Pet Straps Ltd
- Registered office: Plot No. 23, Radhe Industrial Area, Paddhari Bypass, Behind Reliance Petrol Pump, Jamnagar Highway, Paddhari, Rajkot-360110, Gujarat, India
- Phone: +91 8849254043
- E-mail: investors@gabrielpetstraps.com
IPO Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue from Operations | 1,500.60 | 968.57 | 7.70 |
| Sales Growth (%) | 54.92% | 13,726.71% | NA |
| EBITDA Margin (%) | 11.64% | 7.13% | 0.00% |
| Profit After Tax (PAT) | 51.96 | (3.68) | 0.00 |
| PAT Margin (%) | 3.46% | (0.38%) | 0.00% |
| Total Borrowings | 297.48 | 273.06 | 0 |
| Cash & Cash Equivalents | 13.29 | 2.57 | 3.81 |
| Debt to Equity Ratio(x) | 1.19 | 1.49 | 0.00 |
| Return on Equity (%) | 23.99% | -2.61% | 0.00% |
| Return on Capital Employed (RoCE) (%) | 46.89% | 9.88% | 0.00% |
| Earning Per Share (EPS) in absolute (₹) | 14.84 | (1.05) | 0.00 |
Know before investing
Strengths
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Gabriel Pet Straps Limited is led by a seasoned management team, including Promoters Mr Shah Jay Pareshbhai, Mr Kavathiya Vivek Dharmendrabhai, and Mr Varasada Vimal Dayabhai, with a proven track record in driving operational and financial growth.
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Positioned in a dynamic industry with approximately 30 manufacturers, Gabriel Pet Straps Limited operates in a market expected to grow at a high CAGR of 14% from 2015 to 2020. PET Straps hold significant positions as the third-largest market in terms of revenues and the second-largest production volume within the recycled PET industry.
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Located in Rajkot, Gujarat, the company benefits from skilled and cost-effective manpower. Eligibility for government subsidies and an in-house manufacturing facility equipped with advanced processes ensure optimal quality control.
Risks
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The company's dependency on its manufacturing facility in Paddhari, Rajkot (Gujarat), poses risks of disruptions due to strikes, work stoppages, or increased wage demands, potentially impacting operations and financial performance.
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The company faces the risk of order cancellations, recalls, and product liability claims if defects or non-compliance with quality standards in its products or raw materials exist.
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A substantial portion of the company's revenue comes from pet straps. Gabriel Pet Straps Limited's success hinges on its ability to anticipate industry needs, efficiently develop products, and meet client requirements promptly. Failure in these aspects may impact the company's reputation, revenue, and overall financial health.
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Gabriel Pet Straps Ltd IPO FAQs
Gabriel Pet Straps IPO is a fixed-price IPO. The exact dates are yet to be announced.
The exact dates are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot of 1,200 shares, with a minimum investment of ₹1,21,200.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
