Gabriel Pet Straps IPO - Review & Fundamental Analysis

Gabriel Pet Straps IPO

Gabriel Pet Straps’ IPO includes a fresh Issue of up to 7,98,000 Equity Shares of the Company at INR 101 per share, totaling INR 8.06 crores. The company intends to use the funds raised for borrowing repayment, land acquisition, solar plant setup, and corporate purposes.

Gabriel Pet Straps Ltd IPO – Important Details

Gabriel Pet Straps IPO DateJanuary 31, 2024 to February 2, 2024
Gabriel Pet Straps IPO Listing DateFebruary 7, 2024
Gabriel Pet Straps IPO PriceINR 101 per share
Gabriel Pet Straps IPO Lot Size1200 Shares
Gabriel Pet Straps IPO Total Issue SizeINR 805.98 Lakhs
Gabriel Pet Straps IPO Basis of AllotmentFebruary 5, 2024
Gabriel Pet Straps IPO Initiation of RefundsFebruary 6, 2024
Gabriel Pet Straps IPO Credit of Shares to DematFebruary 6, 2024
Gabriel Pet Straps IPO Issue TypeFixed Price Issue
Gabriel Pet Straps IPO Listing AtBSE SME

Gabriel Pet Straps Limited IPO – Company Profile

Gabriel Pet Straps innovatively crafts packaging solutions with 9mm to 32mm width and 0.70mm to 1.30mm thickness. Blending virgin and non-virgin materials ensures quality, meeting growing industry demands with customer satisfaction.

They provide customized bulk packaging solutions for industries like Cotton Bales, Fiber, Packaging, and Paper. Our upgraded technology and automated machinery ensure high-quality products, offering diverse sizes, colors, and optional printing.

Their manufacturing facilities have machinery and handling equipment, ensuring a smooth manufacturing process and logistics. They prioritize safety by adhering to internal protocols and upholding essential safety norms within their premises.

Gabriel Pet Straps Limited IPO – Fundamental Analysis

Gabriel Pet Straps Limited’s IPO shows remarkable revenue growth and profitability improvements. Despite rising expenses and liabilities, earnings, RoNW, and EPS have positively turned around. However, a decreasing current ratio indicates potential liquidity concerns, requiring careful consideration for potential investors.

Revenue

Gabriel Pet Straps Limited’s revenue has escalated remarkably from ₹7.70 lakhs in 2021 to ₹1500.08 lakhs in 2023, indicating significant growth and market expansion.

Expenses

Expenses rose from ₹7.70 million in 2021 to ₹1,420.28 million in 2023, suggesting increased operational activities, although at a higher scale than revenue growth.

Profit and Loss After Tax

The company’s profit after tax showed a positive shift, from none in 2021 to ₹51.96 lakhs in 2023, indicating improving profitability and operational efficiency.

RoNW (Return on Net Worth)

RoNW improved drastically from 0% in 2021 to 20.83% in 2023, reflecting a significant increase in the return on shareholder’s equity.

Diluted EPS only (Earnings Per Share)

Diluted EPS recovered from 0 in 2021 to ₹14.84 in 2023, demonstrating the company’s turnaround in earnings and potential for future profitability.

NAV per Equity Share (Net Asset Value)

NAV per equity share has consistently increased from ₹981.94 in 2021 to ₹2494.14 in 2023, showing growth in the company’s asset value per share.

Total Assets

The company’s total assets grew steadily from ₹106.64 lakhs in 2021 to ₹742.16 lakhs in 2023, indicating an expansion in the company’s operational scale.

Total Liabilities

The company’s total liabilities increased from ₹308.22 lakhs in 2022 to ₹492.75 lakhs in 2023, reflecting higher financial obligations due to expansion.

Debt-Equity Ratio

The debt-to-equity ratio varied, increasing to 1.49 in 2022 and slightly decreasing to 1.19 in 2023, indicating changes in the company’s financial leverage.

Current Ratio

The current ratio decreased from 8.95 in 2021 to 1.54 in 2023, suggesting tighter liquidity and higher utilization of short-term assets for liabilities.

Gabriel Pet Straps Limited IPO Financial Information

ParticularAs at 31 March 2021As at 31 March 2022As at 31 March 2023
Revenue (₹ in lakhs)7.70966.431500.08
Equity (₹ in lakhs)98.19183.74249.41
Expenses (₹ in Million)7.70973.821,420.28
Profit and Loss After Tax (₹ in lakhs)0.003.6851.96
RoNW (%)0(2.00)20.83
Diluted EPS only (₹)0(1.05)14.84
NAV per Equity Share (₹)981.941837.392494.14
Total Assets (in lakhs)106.64491.96742.16
Total Liabilities (in lakhs) 8.45308.22492.75
Debt-Equity Ratio0.001.491.19
Current Ratio8.952.121.54

Gabriel Pet Straps Ltd IPO Peer Comparison

Gabriel Pet Straps Limited demonstrates superior financial performance compared to its peers, with an EPS of ₹14.84, RoNW at 20.83%, and NAV of ₹71.26. This positions it as a more attractive investment opportunity relative to its competitors.

CompanyFace Value per Equity Share (₹)P/E Ratio (Times)EPS (₹)RoNW (%)NAV per Equity Share (Basic) (₹)
Gabriel Pet Straps Limited106.8114.8420.8371.26
Vera Synthetic Limited10NA3.699.5138.77

Gabriel Pet Straps Ltd IPO Objective

The main objective of Gabriel Pet Straps’ IPO is to utilize the raised funds for loan repayment,  land acquisition, solar power plant setup, and the remaining for diverse corporate purposes.

  1.  Repayment of borrowings: The Company intends to utilize INR 1.73 crores for repayment and prepayment of certain borrowings availed by their Company from the Net Proceeds, aiming to determine borrowings for prepayment based on factors like restrictions, lender consents, penalties, legal considerations, and commercial aspects.
  2.  Acquisition of Land: The Company intends to utilize INR 1.97 crores to acquire Land to set up a solar power plant to reduce the cost of production of their existing facility.
  3.  Funding of capital expenditure: The Company intends to utilize INR 2.92 crores from the Net Proceeds for financing of capital expenditure requirements of their Company towards the setup of a Solar Power Plant.
  4.  General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including funding for marketing, corporate contingencies, business needs, commissions, employee welfare, operational expenses, and more.

Gabriel Pet Straps Limited IPO Risks and Challenges

Gabriel Pet Straps’ IPO risks include potential liabilities from litigation and operational challenges. Raw material dependencies, global uncertainties, and manufacturing facility risks threaten costs, demand, and financial outcomes.

  • The company discloses potential liabilities from litigation, joint claims, and unforeseen developments, highlighting the possibility of provisions due to legal changes or adverse rulings extending to consumer complaints, regulatory actions, and employee grievances.
  • The company’s operations depend on the raw material prices and availability of pet straps, particularly pet bottles. Global demand uncertainties, supply disruptions, and economic factors may raise costs. Passing cost increases to customers may affect demand and financial outcomes.
  • Dependence on their manufacturing facility in Paddhari, Gujarat, exposes them to equipment breakdowns, compliance issues, labor disputes, regulatory notices, and local protests, potentially disrupting business operations.

Gabriel Pet Straps Ltd IPO – Industry & Market Potential

Manufacturers prioritize brilliant factory transformations, investing in cloud, edge computing, and 5G. Over 60% collaborate with tech firms. Cyber security gains importance as they advance to the metaverse for resilience against cyber threats.

Manufacturing, a vital driver of India’s economy, plans to contribute 25% to GDP by 2025. It seeks global competitiveness, job creation, and sustained growth by embracing digital transformation and automation.

The global polyester straps market, valued at US$ 693.7 Mn in 2017, is expected to reach US$ 1,388.6 Mn by 2027, driven by the rising demand for materials transportation and the eco-friendly nature of Pet straps made from recycled Pets. 

Gabriel Pet Straps Ltd IPO – Type of Offer

Gabriel Pet Straps will issue 7,98,000 new shares aggregating to INR 8.06 crores. This fund will be used for borrowing repayment, land acquisition, solar plant setup, and corporate purposes.

Gabriel Pet Straps IPO Offer Size

The offer size of Gabriel Pet Straps’ IPO is INR 8.06 crores. The offer includes an issue of 7.98 lakh shares at INR 101 per share.

Gabriel Pet Straps Ltd IPO Allotment Structure

Gabriel Pet Straps Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 44,400 shares for Market Makers.

  • Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
  • Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
  • Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 40,000 shares for this purpose.

 How to apply for a Gabriel Pet Straps IPO through Alice Blue?

To apply for the Gabriel Pet Straps IPO through Alice Blue, you would typically follow these steps:

  1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
  1. Check for IPO Details: Once your account is active, you can check for the Gabriel Pet Straps IPO details in the IPO section of the Alice Blue platform.
  1. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  1. Submit the Application: Confirm all your details and submit your application.

  You can apply for Gabriel Pet Straps’ IPO at Alice Blue in just a few clicks!

Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How to Check Gabriel Pet Straps IPO Allotment Status on Alice Blue?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Gabriel Pet Straps IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Gabriel Pet Straps IPO.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.

Apart from Alice Blue, there are other ways to check the allotment status of the Gabriel Pet Straps IPO:

●   Registrar’s Website: Visit the website of Bigshare Services Private Limited , the registrar of the Gabriel Pet Straps IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

●   BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.

Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.

Gabriel Pet Straps Limited IPO Offer Registrar

The registrar for the Gabriel Pet Straps Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

Bigshare Services Private Limited

Office No. S6-2, 6th Floor,

Pinnacle Business Park, Next to Ahura Centre,

Mahakali Caves Road,

Andheri East,

Mumbai – 400 093,

Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com

Gabriel Pet Straps IPO FAQs

1. What is the allotment date of the Gabriel Pet Straps IPO? 

The allotment date of the Gabriel Pet Straps IPO is February 5, 2024.

2. What is the price band of Gabriel Pet Straps IPO? 

The price band of the Gabriel Pet Straps IPO is INR 101 per share.

3. What is the size of the Gabriel Pet Straps IPO? 

The Gabriel Pet Straps IPO Issue includes a fresh Issue of up to 7,98,000 Equity Shares of the Company, totaling INR 8.06 crores. The Company intends to use the funds raised for borrowing repayment, land acquisition, solar plant setup, and corporate purposes.

4. What is the listing date of the Gabriel Pet Straps IPO? 

The listing date of the Gabriel Pet Straps IPO is February 7, 2024.

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