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Gabriel Pet Straps Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Gabriel Pet Straps Ltd IPO

Registered Office: Plot #23 Radhe Industrial Area,Paddhari Bypass J.Nagar H.Ways , Rajkot - 360110 , Gujarat , India.
Phone : +91 88492 54043   Fax:
Email :  investors@gabrielpetstraps.com  
Website :  www.gabrielpetstraps.com
Initial public offering of 7,98,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Gabriel Pet Straps Limited ("Gabriel" or "The Company" or "The Issuer") for cash at a price of (Rs)101/- per equity share (including a premium of (Rs)91/- per equity share) ("Issue Price") aggregating to (Rs)8.06 crores ("The Issue") of which 44,400 equity shares aggregating to (Rs)0.45 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 7,53,600 equity shares of face value of (Rs)10/- each at an issue price of (Rs)101/- per equity share aggregating to (Rs)7.61 crores ("Net Issue"). The issue and the net issue will constitute 30.15% and 28.47% of the post issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 10.1 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Jan-24 02-Feb-24 (Rs)101.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 7.37
Shreni Shares Ltd
Project Financed through Current Offer 8.06  
Post Issue Equity Share Capital 2.65  
Issue Price (Rs)101.00  
 
Projects
Repayment or Prepayment in full or in part of borrowings availed by the company from banks financial institutions and non banking financial companiesFunding of capital expenditure requirements of the company towards set up of Solar Power Plant
Acquisitions of landGeneral corporate purposes
Promoted By
Shah Jay Pareshbhai  
Varasada Vimal Dayabhai  
Kavathiya Vivek Dharmendrabhai  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd