Gabriel Pet Straps Limited

About the company

## **About  Gabriel Pet Straps Limited** ### Incorporated in 2020, Gabriel Pet Straps Limited is engaged in the manufacturing and selling of Pet Straps under the brand name of “Gabriel” widely used in packaging of heavy materials. They produce Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. Their product, pet straps is manufactured in appropriate composition of virgin content raw material i.e., hot washed pet bottle flakes and non-virgin content raw material i.e. used pet straps grinding. They aspire to keep improving their products, backed with innovative new technologies to provide a great experience to their customers. They believe their products enable them to capitalise on growth opportunities and increasing demand of their industry. The company has  PAN India presence with their distributors network in 10 states for their domestic market and they offer customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth etc. Over the years we have developed expertise and upgraded their technology by adding several automatic machineries and equipment to the plant, which has helped them boost their production capacity and the quality of their products. The Company believes in the phrase “Waste to Best Process.” They manufacture on extrusion lines using technology equipped with optimum quality control and testing machinery, ensuring the standard of quality. The pet straps are in different size, colours along with the additional option of printing directly on the Straps. The companyCompany maintains a base of reliable material suppliers who consistently provide materials of appropriate dimensions as per our requirements. The raw materials procured from their suppliers are assembled and fabricated according to the manufacturing requirements of their products. After the raw materials are fabricated, the product is then processed for finished goods. Their manufacturing facilities are well equipped with the required facilities including machinery, other handling equipments to facilitate smooth manufacturing process and easy logistics. They endeavour to maintain safety in tier premises by adhering to key safety norms, established through our internal safety protocols. As Gabriel Pet Straps Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives. 1. Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies;  1. Acquisition of land; 1.  Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant and  1. General corporate purposes. Here are key details about the Gabriel Pet Straps Limited IPO: Company Name| **Gabriel Pet Straps Limited**|  | Gabriel Pet Straps Limited IPO Opening Date| **January 31, 2024** ---|---|---|---|--- Company Incorporated On|**2020**Gabriel Pet Straps Limited IPO Price band|**₹101 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   31 Jan 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   02 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   06 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   05 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   07 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.