Gabriel Pet Straps Limited IPO

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Company engaged in the manufacturing and selling of PET straps under the brand name “Gabriel.” These PET straps, varying in width from 9mm to 32mm and thickness from 0.70mm to 1.30mm, are primarily used for packaging heavy materials. The company takes pride in its sustainable production approach, using a blend of virgin raw materials (hot washed PET bottle flakes) and recycled materials (used PET straps grinding). This not only reflects an eco-friendly approach but also addresses the growing environmental concerns in manufacturing.

The company has a robust market presence across India, with a distribution network spread over 10 states. This wide geographic footprint underscores their strong domestic market penetration. The product’s versatility is further highlighted by its application in various industries, including Cotton Bales, Fiber, Packaging, Paper, and Waste Cloth, suggesting a broad customer base.

Technological advancements and the addition of automatic machinery have significantly enhanced the company’s production capacity and product quality. This continuous improvement strategy, coupled with the company’s philosophy of “Waste to Best Process,” indicates a commitment to innovation and efficiency.

Quality control is a key focus, with the manufacturing process utilizing extrusion lines technology and quality testing machinery to maintain high standards. The ability to customize products in terms of size, color, and the option for direct printing on the straps demonstrates a customer-centric approach and adaptability to specific market demands.

The company’s operational efficiency is also evident in its well-equipped manufacturing facilities, which include necessary machinery and handling equipment, ensuring a smooth manufacturing process and effective logistics. A strong emphasis on safety protocols within the manufacturing premises further reflects a responsible and employee-centric culture.

Customer engagement is a strategic focus, with the sales team actively seeking customer feedback and insights, enabling the company to stay attuned to market trends and evolving customer needs. This approach is crucial for continual product development and maintaining market relevance.

The SWOT analysis reveals the company’s strengths, weaknesses, opportunities, and threats, providing a balanced view of its position in the market. Strengths like experienced management, quality assurance, strong supplier relationships, and a diverse customer base provide a solid foundation for growth. Weaknesses such as rising raw material costs and capital-intensive nature of the industry present challenges that need to be navigated. Opportunities in the domestic and international market signify potential for expansion, while threats like fluctuating raw material costs and changes in government policies require strategic risk management.

In conclusion, the company’s business overview portrays a dynamic and growth-oriented organization with a strong focus on quality, innovation, sustainability, and customer satisfaction. Its strategic approach, combined with experienced leadership and robust financial performance, positions it well for future growth and market expansion.

Objects of the Gabriel Pet Straps Limited IPO:

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects i. Repayment or prepayment, in full or in part, of borrowings availed by the company from banks, financial institutions and non-banking financial companies; ii. Acquisition of land; iii. Funding of capital expenditure requirements of the company towards set up of Solar Power Plant; and iv. General corporate purposes.

Gabriel Pet Straps Limited IPO Details:

Open Date: Jan 31 2024
Close Date: Feb 02 2024
Total Shares: 798,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Issue
Issue Size: 8.06 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 101 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 07 2024

Promoters And Management:

Mr. Shah Jay Pareshbhai, aged 36, is a key figure in the company, serving as the Promoter, Chairman, Managing Director, and Chief Financial Officer. He earned a Bachelor of Commerce from Saurashtra University, Gujarat, in 2008. With 8 years of experience in the pet straps industry, including roles at M/s. Shah Manilal Somchand and M/s. Shah and Company, he has extensive knowledge in trading PET grinder, Flex Straps, and plastic granules. Additionally, he has 3 years of partnership experience in a previous firm and 7 years as a remisier with M/s. Ventura Securities Limited. Since the company's inception, Mr. Pareshbhai has played a pivotal role as Managing Director and, as of October 25, 2023, as CFO. He oversees accounts, finance, marketing, and administration, contributing his result-oriented, focused, and hardworking approach to strategic decision-making and board guidance. Mr. Kavathiya Vivek Dharmendrabhai, 31, is a Promoter and Whole Time Director of the Company. Although he lacks a formal graduation degree, his 8 years of industry experience with M/s. Balaji Poly Strep, specializing in Polypropylene strap production, speaks volumes. Additionally, he has 3 years of experience from a previous partnership in a limited liability firm. Since the company's inception, Mr. Dharmendrabhai has been a vital part of the team. He is responsible for managing operational aspects, ensuring efficient project execution, resource utilization, and adherence to timelines, quality standards, and client requirements. Mr. Varasada Vimal Dayabhai, 38, serves as a Promoter and Whole Time Director of the Company. Without a formal graduation degree, he brings 7 years of experience in box dyeing manufacturing through his sole proprietorship, M/s. Adarsh Enterprise. Additionally, he has 3 years of experience from a prior partnership in a limited liability firm. Mr. Dayabhai has been integral to the company since its beginning, overseeing on-field operations, production, and human resource management.

Financials of Gabriel Pet Straps Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 8 966 1,500 903
Other Income 0 2 0.5 28
Total Revenue 8 969 1,501 931
Cost of Materials Consumed 0 677 1,147 712
Purchase of Stock-in-trade 7 76 1 19
Changes in inventories -0.4 0.4 0 0
Employees Benefit Expenses 0 56 50 10
Other Expenses 1 90 127 82
EBITDA 0 69 175 107
Depreciation & Amortisation 0 51 58 23
Finance cost 0 23 37 33
EBIT 0 18 117 84
OPM (%) 0.00% 7.11% 11.63% 11.48%
PBT 0 -5 80 51
Tax 0 -1.6 28 20
PAT 0 -4 52 31
NPM (%) 0.00% -0.38% 3.46% 3.29%
No.of Shares 26.46 26.46 26.46 26.46
EPS 0.00 -0.13 1.96 1.15

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Gabriel Pet Straps Limited 15 0.5 1.96 51.4 101 27
Vera Synthetic Limited 41 1.8 3.69 16.3 52 26
* All the data is as per FY23.

Lead Manager of Gabriel Pet Straps Limited IPO:


Registrar of Gabriel Pet Straps Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Gabriel Pet Straps Limited Plot No. 23, Radhe Industrial Area, Paddhari Bypass, Behind Reliance Petrol Pump, Jamnagar Highway, Paddhari, Rajkot - 360110 Phone: +91 8849254043 Email: Website:

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