Gabriel Pet Straps Ltd - IPO

Gabriel Pet Straps Ltd IPO Details

Initial public offering of 7,98,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Gabriel Pet Straps Limited (Gabriel or The Company or The Issuer) for cash at a price of Rs. 101/- per equity share (including a premium of Rs. 91/- per equity share) (Issue Price) aggregating to Rs. 8.06 crores (The Issue) of which 44,400 equity shares aggregating to Rs. 0.45 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 7,53,600 equity shares of face value of Rs. 10/- each at an issue price of Rs. 101/- per equity share aggregating to Rs. 7.61 crores (Net Issue). The issue and the net issue will constitute 30.15% and 28.47% of the post issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 10.1 times of the face value.

Objective of issue

Repayment or Prepayment in full or in part of borrowings availed by the company from banks financial institutions and non banking financial companies. Acquisitions of land. Funding of capital expenditure requirements of the company towards set up of Solar Power Plant. General corporate purposes.

Gabriel Pet Straps Ltd Contact Details

Gabriel Pet Straps Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@gabrielpetstraps.com

Website - www.gabrielpetstraps.com