Gabriel Pet Straps IPO Subscription Status, Price, GMP, Details

Gabriel Pet Straps IPO price is Rs 101 per share. The minimum lot size for an application is 1200 Shares.

Gabriel Pet Straps IPO: 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.

Gabriel Pet Straps Limited’s revenue increased by 54.93% and profit after tax (PAT) rose by 1511.96% between the financial year ending with March 31, 2023.

Gabriel Pet Straps IPO Subscription Status, Price, GMP, Details below.

Gabriel Pet Straps IPO Subscription Status

Gabriel Pet Straps IPO subscribed 1.31 times. The public issue subscribed 1.76 times in the retail category by January 31, 2024 7:02:00 PM.

Gabriel Pet Straps IPO Price

Gabriel Pet Straps IPO price is Rs 101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is Rs 121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 242,400.

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 Details

• IPO Date January: 31, 2024 to February 2, 2024
• Face Value: Rs 10 per share
• Price: Rs 101 per share
• Lot Size: 1200 Shares
• Total Issue Size: 798,000 shares
• Fresh Issue: 798,000 shares
• Share holding pre issue: 1,848,840
• Share holding post issue: 2,646,840
• Market Maker portion: 44,400 shares

Gabriel Pet Straps IPO Date

Gabriel Pet Straps IPO opens on January 31, 2024, and closes on February 2, 2024.

• IPO Open Date: Wednesday, January 31, 2024
• IPO Close Date: Friday, February 2, 2024
• Basis of Allotment: Monday, February 5, 2024
• Initiation of Refunds: Tuesday, February 6, 2024
• Credit of Shares to Demat: Tuesday, February 6, 2024
• Listing Date: Wednesday, February 7, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on February 2, 2024

Gabriel Pet Straps IPO GMP

Gabriel Pet Straps SME IPO last GMP is Rs 10, last updated Jan 31st 2024. With the price band of 101.00, Gabriel Pet Straps SME IPO’s estimated listing price is Rs 111.The expected percentage gain/loss per share is 9.90%.

Gabriel Pet Straps IPO Promoter

The Promoters of the company are Mr. Shah Jay Pareshbhai, Mr. Varasada Vimal Dayabhai, and Mr. Kavathiya Vivek Dharmendrabhai.

Gabriel Pet Straps IPO Review

(Dilip Davda) The company is in a highly competitive and fragmented segment of straps. It was a LLP firm till August 02, 2023 and got converted in to public limited company on the said date. It has posted an average financial performance so far, and based on that the issue appears exorbitantly priced. The tiny post-IPO paid-up equity capital indicates longer gestation period. There is no harm in skipping this pricey bet.

Read More: Nova Agritech IPO Subscription Status, Price, GMP, Review

• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.