Gabriel Pet Straps Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹50(49.50%)
Premium (ELP)
Gabriel Pet Straps Limited's achieved publicly listed status following its IPO debut on Feb 07, 2024 at the BSE platform. The offering successfully mobilized 7,98,000 Shares, with 7,98,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹101 to ₹101, starting from minimum lots of 1200 shares. The subscription window from Jan 31, 2024 through Feb 02, 2024 enabled investor participation across market segments.
Share allocation was completed on Feb 05, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Gabriel Pet Straps Limited, founded in 2020, manufactures and sells PET straps under the Gabriel brand, offering customized packaging solutions in various sizes, colors, and even printed options for industries such as cotton bales, fibers, packaging, paper, and waste cloth. The company’s manufacturing unit in Rajkot, Gujarat produces PET straps ranging from 9 mm to 32 mm in width and 0.70 mm to 1.30 mm in thickness. With a distribution network spread across 10 states, it serves customers throughout India, and as of October 31, 2023, the company employed a team of 26 people, including factory and office staff.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Shah Jay Pareshbhai
- Mr. Varasada Vimal Dayabhai
- Mr. Kavathiya Vivek Dharmendrabhai
Gabriel Pet Straps Limited
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