Gabriel Pet Straps Limited IPO Message Board (Page 4)

22+36+39 3hni applied

Gabriel Pet Straps IPO,
FF Retail apps

Gabriel Pet Straps IPO,
0 allotment

Missed to apply in HNI, now applied 2 retails

Applied
20/8/8/1

Applied FF.

HNI subs have shot up significantly in last 20 mins.
Maybe result of significant fund lying around idle .

​@GrayIsTheNewBlack 
R u applying here?
Thanks

​@sbipo , yes
But I have already sold it.
Not keeping open.

Applied 2 applications 27 lot and 23 lot

Join me with 20 lots

mujhe ye janna hai bus ke ye PROSTOKS naam ki bimari kis insaan ne banayi hai or jab manage nhi hoti hai cheeze to trading account open nhi krne chahiye na .. meri life ka sabse worst decision tha jab maine PROSTOKS mai account open karwaya

​@Share Tiger Many banks, brokers have faced issue. Prostocks is no exception. Always use third party portals or ASBA if something like this happens

​@GrayIsTheNewBlack third party portal kaise use krte hai or maine same bank mai dusre broker se apply kiya to ho gya easily or retil mai bhi apply kiya to error aayi

Any one want to join 15 lot application?

For ppl dismissing the IPO - the financials on this page are wrong currently. Please take a look at the RHP.

They reported results in Aug (for Apr-Jul) and then in Oct (covering Aug till 15-Oct). So on this page, it's only showing 2.5 months data. In this period with 4.5 Cr topline, 17.3L PAT (which has a one-time 5.5L deferred tax, so more accurately 23 L), that translates to a runrate of 21.6 Cr topline and 1.1 Cr PAT. So the biz is closer to 1.2x sales (which is growing) and 25x PE (not 90 PE).

This may still seem expensive given it's not a high value-add segment, but at 25 Cr market cap and low float, it can surprise on the upside.

Couple of points relevant for PAT expansion in the RHP
- Build-out of a solar plant - electricity is a fairly high cost (4%) and high risk (power fluctuations / cuts) element of the biz; so can improve utilization and margins. Can save 50L / yr at current scale, and should come into effect within 3-6 months.
- Clearance of debt will also help a little (20-25L / yr) since it's the high interest NBFC debt being cleared

@Sanchit Jain since you were looking for something left on the table. Still not sure I will apply here, will take a call later in the afternoon.

​@MuStrFc I'm only considering the 2.5 month period to extrapolate, where deferred tax is extra (similarly, in any period where tax was not paid, the effective tax rate needs to be included in PAT calculations). In my view, unless they have more deferred tax to pay, it is one-time, and 23 L PAT is reflective of any 2.5 month period going forward. If you use the entire Apr-mid Oct numbers to extrapolate, the PE will be different.

Capacity increase is not covered suitably in the RHP - but I presume they will just raise debt / use the debt they already have to add more capacity as required

Applied 45/45/12/12/12; since funds are free and I don't see much downside (not sure if too much upside - we'll see)

Anyone applied with 2/3/4 lot applications??

16800 Shares applied

16800 Shares applied

Applied multiple HNI and Retails

Applied 3 application

Anyone joining me in 14 lots application. How many minimum persons should be there for eligible in draw?

HOS S2 13k

GMP 15+

Applied 7 hni applications.. anyone join for 11 lot..