
Emerging SME Services · BSE
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.
Price Band
₹101
Issue Size
₹8.06 Cr
Lot Size
1200 shares
GMP
+49.5%
Est. Listing
₹151
at current GMP
Subscribed
246.26x
overall
Open
31 Jan 2024
Close
2 Feb 2024
Allotment
5 Feb 2024
Refund
6 Feb 2024
Demat Credit
7 Feb 2024
Listing
7 Feb 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
5 Feb 2024
Basis finalization
Refunds Initiate
6 Feb 2024
Mandate release
Demat Credit
7 Feb 2024
Shares in demat
Listing Debut
7 Feb 2024
Trading begins
Gabriel Pet Straps Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹8.06 Crores. The shares are offered at a price band of ₹101 to ₹101 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,21,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-07, while un-allotted funds or UPI block mandates will be released on 2024-02-06.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.