Gabriel Pet Straps IPO Date, Reservation, Lot Size, Applying Procedure!

Gabriel Pet Straps Limited company is going public with an IPO on January 31, 2024and the IPO will close on February 2, 2024. The issue price for this IPO application is INR 101 per shareand the face value of each share is INR 10.

Gabriel Pet Straps IPO Date

Gabriel Pet Straps Limited is a company engaged in the manufacturing and selling of PET straps under the brand name “Gabriel.”

The company is going public with an IPO on January 31, 2024, and the IPO will close on February 2, 2024. The issue price for this IPO application is INR 101 per share, and the face value of each share is INR 10.

The company is issuing 798,000 shares (INR 8.06 crores) as a fresh issue. The Gabriel Pet Straps IPO allotment date is February 5, 2024, and the tentative date of Gabriel Pet Straps IPO listing is February 7, 2024.

Gabriel Pet Straps IPO Reservation

• The IPO reservation period for Gabriel Pet Straps is from January 31st to February 2nd, 2024.
• Reservations can be made through your registered demat account with your broker or through online platforms like Zerodha.
• You will need to have sufficient funds in your demat account to cover the cost of your reservation.
• Minimum reservation size is 1200 shares.

Applying for Gabriel Pet Straps IPO Through Zerodha

Guide on applying for the Gabriel Pet Straps IPO through Zerodha:

Eligibility:

• You must be a Zerodha customer with a valid demat account linked to UPI.
• Minimum application size is 1200 shares (Rs. 121,200 at current issue price).

Steps:

Login: Go to the Zerodha website and log in to your Zerodha Console.

Access IPO Section:

• Click on Portfolio from the top menu.
• In the Portfolio section, find the IPOs link and click on it.

Find Gabriel Pet Straps IPO:

• Look for the “Gabriel Pet Straps Limited” row in the list of available IPOs.
• Click on the “Bid” button for this row.

Enter Application Details:

• Enter the UPI ID that is connected to your bank account.
• Specify the quantity of shares you want to apply for (in multiples of 1200).
• Enter the bid price (you can leave it blank to accept the cut-off price).

Review and Submit:

• Carefully review the application details, including the total amount payable.
• Click on “Submit” to proceed.

Authorise UPI Payment:

• You’ll be redirected to your UPI app (e.g., BHIM, Google Pay) to authorise the payment.
• Enter your UPI PIN to complete the application and block the funds in your account.

Gabriel Pet Straps IPO 2024 Lot Size

The minimum lot size for the Gabriel Pet Straps IPO is 1200 shares. This means you must apply for a minimum of 1200 shares, and then in multiples of 1200 shares thereafter.

Here’s a breakdown of the key details:

• Minimum Lot Size: 1200 shares
• Issue Price: ₹101 per share
• Minimum Investment: 1200 shares * ₹101/share = ₹121,200

Note:

• There is no maximum limit on the number of shares you can apply for, but remember to consider your budget and investment goals.
• The allotment of shares is not guaranteed, and investors may receive fewer shares than they apply for.

Gabriel Pet Straps Limited Financial Highlights

Revenue Growth (FY 2022-2023):

• Gabriel Pet Straps Limited witnessed a remarkable 54.93% increase in revenue.
• Revenue soared from ₹968.57 million to ₹1,500.60 million.

Profit After Tax (PAT) Surge:

• PAT exhibited an extraordinary rise of 1511.96%.
• Profit After Tax escalated from ₹-3.68 million to ₹51.96 million.

Balance Sheet Snapshot:

• Total Assets expanded from ₹491.96 million to ₹1,067.69 million.
• Net Worth increased from ₹183.74 million to ₹203.30 million.

Reserves and Surplus:

• Reserves and Surplus amounted to ₹18.42 million.

Borrowing Dynamics:

• Total Borrowing witnessed substantial growth, rising from ₹273.06 million to ₹630.91 million.