Gabriel Pet Straps SME IPO GMP

Gabriel Pet Straps Limited, a pioneer in the production and sale of Pet Straps, is set to make its mark on the BSE SME Exchange with a promising Initial Public Offering (IPO). In this comprehensive blog, we will explore the details of the Gabriel Pet Straps SME IPO, including its Grey Market Premium (GMP), day-wise GMP trend, company overview, strengths, objectives, and crucial dates for potential investors.

Gabriel Pet Straps SME IPO Details:

The IPO boasts a total issue size of Rs 8.06 Cr, comprising a 100% Fresh Issue. Investors can apply for shares from January 31 to February 02, 2024, with a face value of Rs 10 per share. The issue price is fixed at Rs 101 per share, and the lot size is 1200 shares or its multiples as specified in the offer document.

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Also Read: Upcoming IPO in India

Gabriel Pet Straps SME IPO GMP:

As of the latest update, the Grey Market Premium for Gabriel Pet Straps SME IPO stands at ₹50. With a price band of ₹101.00, the estimated listing price is ₹151 (cap price + today’s GMP), indicating an expected percentage gain/loss per share of 49.50%.

Day-wise IPO GMP Trend:

Here is the GMP data for Gabriel Pet Straps SME IPO: [ Last Updated: 07 Feb, 2024; 09:00]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
07-02-2024₹101.00₹5045600₹151 (49.5%)
06-02-2024₹101.00₹5045600₹151 (49.5%)
05-02-2024₹101.00₹5045600₹151 (49.5%)
04-02-2024₹101.00₹5045600₹151 (49.5%)
03-02-2024₹101.00₹5045600₹151 (49.5%)
02-02-2024₹101.00₹5045600₹151 (49.5%)
01-02-2024₹101.00₹1110000₹112 (10.89%)
31-01-2024₹101.00₹109100₹111 (9.9%)
30-01-2024₹101.00₹0₹101 (0%)

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Latest IPO GMP:

Stay updated on the live GMP status of Gabriel Pet Straps SME IPO and other upcoming/closed IPOs on the IPO GMP Dashboard at Stockesta.com. Regular updates on IPO GMP performance help investors track and compare GMP with the listing price.

Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium reflects the unofficial/unregulated market price at which an IPO is traded before its official listing. Investors should note the potential volatility and exercise caution when making investment decisions based on GMP alone.

Also Read: When Can a Company Go for IPO in India

About Gabriel Pet Straps Limited:

Founded in November 2020, Gabriel Pet Straps specializes in producing and selling Pet Straps under the brand name “Gabriel.” These straps, used for packing heavy materials, are available in various sizes, colors, and can be printed directly. The company employs a “Waste to Best Process” philosophy, utilizing a blend of virgin and non-virgin materials to manufacture high-quality Pet Straps.

Gabriel Pet Straps SME IPO Strengths:

  • Management experience.
  • Commitment to quality assurance.
  • Established relationships with reliable suppliers.
  • Diverse customer base across industries and geographies.
  • In-house manufacturing facility with advanced machines.
  • Optimal utilization of resources and scalable business model.

Also read: Benefits and Risks of Investing in IPO

Gabriel Pet Straps SME IPO Objectives:

The Net Proceeds from the IPO will be utilized for:

  1. Repayment or prepayment of borrowings.
  2. Acquisition of land.
  3. Funding capital expenditure for setting up a Solar Power Plant.
  4. General corporate purposes.

Gabriel Pet Straps SME IPO Dates:

  • SME IPO Open Date: 31-01-2024
  • SME IPO Close Date: 02-02-2024
  • Basis of Allotment Finalization Date: 05-02-2024
  • Refunds Initiation Date: 06-02-2024
  • Credit of Shares to Demat Account Date: 06-02-2024
  • SME IPO Listing Date: 07-02-2024 (Tentative)

Also Read: What is an IPO?

Conclusion:

The Gabriel Pet Straps SME IPO presents an enticing investment opportunity in the packaging solutions sector. While the GMP signals positive market sentiment, potential investors are advised to conduct thorough research, analyze the company’s strengths, and assess market conditions before making informed investment decisions. Always consider all factors and consult financial experts to ensure the right investment strategy.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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