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Gabriel Pet Straps IPO: Packaging Innovation Unveiled

Gabriel Pet Straps Limited Overview

Founded in 2020, the company manufactures and sells Pet Straps under the brand name Gabriel for packaging heavy materials.
Tailor-made packaging solutions offered in various sizes and colors, including the option of printing directly on the strapping.
Manufacturing facility located in Rajkot, Gujarat, producing pet straps in widths from 9 mm to 32 mm and thicknesses from 0.70 mm to 1.30 mm.
Operations across India with a distribution network in 10 states.
Financials (Restated): Revenue increased by 54.93%, and profit after tax rose by 1511.96% between March 31, 2022, and March 31, 2023.

IPO Details:

Issue Period: January 31, 2024, to February 2, 2024
Issue Type: Fixed Price Issue IPO
Issue Size: Rs 8.06 crores, comprising a fresh issue of 7.98 lakh shares
Price: ₹101 per share
Lot Size: 1200 Shares

Financial Information

Assets: ₹1,067.69 Lakhs
Revenue: ₹451.90 Lakhs
Profit After Tax: ₹17.30 Lakhs
Net Worth: ₹203.30 Lakhs
Total Borrowing: ₹630.91 Lakhs

Key Performance Indicators

ROE: 23.99%
ROCE: 46.89%
Debt/Equity: 1.19
Row: 20.83%
P/BV (Price to Book Value): 1.42

Post IPO Metrics

EPS (Earnings Per Share): ₹1.12
P/E (Price to Earnings) Ratio: 90.14
Objects of the Issue: Repayment or prepayment of borrowings
Acquisition of land