Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Gabriel Pet Straps Ltd has approved increasing the authorised share capital to Rs. 10 crore (1 crore equity shares of Rs. 10 each). It has also approved issuing up to 19,95,400 equity shares at Rs. 256 per share to non-promoters (public) on a preferential basis, raising around Rs. 51.08 crore. Additionally, up to 15,30,000 fully convertible warrants will be issued to the Promoter and Promoter Group at Rs. 256 per warrant, convertible into equity within 18 months, potentially raising another Rs. 39.17 crore. Both issuances carry a face value of Rs. 10 plus a premium of Rs. 246 per share. The company has called an Extra Ordinary General Meeting on August 29, 2025, to seek shareholder approval. The list of allottees includes around 190 public allottees and 5 promoter group members.
The company is set to raise approximately Rs. 90 crore in fresh capital, which could lead to dilution for existing shareholders. Promoter participation through warrants signals confidence in the business, but the preferential issue at a set price may also weigh on the stock if priced below market levels. Shareholders should watch the EGM outcome and the final issue price relative to the market price.