DelaPlex IPO vs Gabriel Pet Straps IPO

Comparision between DelaPlex IPO and Gabriel Pet Straps IPO.

IPO Details

DelaPlex IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Gabriel Pet Straps IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	DelaPlex IPO	Gabriel Pet Straps IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DelaPlex IPO is up to ₹46.08 Cr whereas the issue size of the Gabriel Pet Straps IPO is up to ₹8.06 Cr. The final issue price of DelaPlex IPO is ₹192.00 per share and of Gabriel Pet Straps IPO is ₹101.00 per share.

	DelaPlex IPO	Gabriel Pet Straps IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹186.00 per share
Issue Price (Upper)	₹192.00 per share
Issue Price (Final)	₹192.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	18,00,000 shares	7,98,000 shares
Fresh Issue Size (Amount)	up to ₹34.56 Cr	up to ₹8.06 Cr
OFS Issue Size	6,00,000 shares
OFS Issue Size (Amount)	up to ₹11.52 Cr
Issue Size Total	24,00,000 shares	7,98,000 shares
Issue Size Total (Amount)	up to ₹46.08 Cr	up to ₹8.06 Cr

IPO Timetable

DelaPlex IPO opens on Jan 25, 2024, while Gabriel Pet Straps IPO opens on Jan 31, 2024. The closing date of DelaPlex IPO and Gabriel Pet Straps IPO is Jan 30, 2024, and Feb 02, 2024, respectively.

	DelaPlex IPO	Gabriel Pet Straps IPO
Anchor Bid Date	Jan 24, 2024
Issue Open	Jan 25, 2024	Jan 31, 2024
Issue Close	Jan 30, 2024	Feb 02, 2024
Basis Of Allotment (Tentative)	Jan 31, 2024	Feb 05, 2024
Initiation of Refunds (Tentative)	Jan 31, 2024	Feb 06, 2024
Credit of Share (Tentative)	Feb 01, 2024	Feb 06, 2024
Listing date (Tentative)	Feb 02, 2024	Feb 07, 2024
Anchor Lockin End date 1	Mar 01, 2024	Mar 06, 2024
Anchor Lockin End date 2	Apr 30, 2024	May 05, 2024

Financials

DelaPlex IPO P/E ratio is 17.75, as compared to Gabriel Pet Straps IPO P/E ratio of 35.94.

DelaPlex IPO

Gabriel Pet Straps IPO

Financial

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,185.45	2,638.33	1,790.90	1,100.77
Revenue	2,814.28	5,521.81	5,034.06	3,633.30
Profit After Tax	425.53	790.72	611.87	404.00
Net Worth	2,775.58	2,350.05	1,559.32	947.45
Reserves and Surplus	2,774.58	2,349.05	1,558.32	946.45
Amount in ₹ Lakhs

Gabriel Pet Straps Limited Financial Information (Restated)

Gabriel Pet Straps Limited's revenue increased by 54.93% and profit after tax (PAT) rose by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	15 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,067.69	742.16	491.96	106.64
Revenue	451.90	1,500.60	968.57	7.70
Profit After Tax	17.30	51.96	-3.68
Net Worth	203.30	249.41	183.74	98.19
Reserves and Surplus	18.42
Total Borrowing	630.91	297.48	273.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.66%

69.84%

P/E Ratio

17.75

35.94

Market Cap

₹174.91 Cr.

₹26.73 Cr.

ROE

40.45%%

23.99%%

ROCE

56.73%%

46.89%%

Debt/Equity

1.19

EPS

₹10.82

₹2.81

RoNW

56.73%%

20.83%%

Shares Offered

In the DelaPlex IPO retail investors (RII) are offered 7,97,400 shares while in Gabriel Pet Straps IPO retail investors are offered 7,97,400 shares. Qualified institutional buyers (QIB) are offered 4,55,400 shares in DelaPlex IPO and 0 shares in Gabriel Pet Straps IPO.

	DelaPlex IPO	Gabriel Pet Straps IPO
Anchor Investor Reserveration	6,82,800 shares
Market Maker Reserveration	1,22,400 shares	44,400 shares
QIB	4,55,400 shares	0 shares
NII	3,42,000 shares	3,76,800 shares
RII	7,97,400 shares	3,76,800 shares
Employee	0 shares	0 shares
Others
Total	15,94,800 shares	7,53,600 shares

Bids Received (Subscription)

DelaPlex IPO subscribed 177.80x in total, whereas Gabriel Pet Straps IPO subscribed 246.20x.

	DelaPlex IPO	Gabriel Pet Straps IPO
QIB (times)	90.91x
NII (times)	335.23x	361.56x
Big NII (times)
Small NII (times)
RII (times)	159.91x	122.92x
Employee (times)
Other (times)
Total (times)	177.80x	246.20x

Compare with others

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Gabriel Pet Straps IPO	Polysil Irrigation Systems IPO
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Harshdeep Hortico IPO	Alpex Solar IPO
Megatherm Induction IPO	Italian Edibles IPO
Baweja Studios IPO	Mayank Cattle Food IPO
Fonebook IPO	Docmode Health Technologies IPO
Brisk Technovision IPO	Harshdeep Hortico IPO
Qualitek Labs IPO	Megatherm Induction IPO
Euphoria Infotech India IPO	DelaPlex IPO

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