Gala Precision Engineering IPO
Open MainLineCurrent GMP
₹260 (+49.15%)
Price Band
₹ 503 – 529
Lot Size
28
Issue Size
₹167.93 Cr
Minimum Investment
₹14812 (28 Shares)
Listing Date
09 September 2024
Subscription
201.41x
About the Company
Incorporated in 2009, Gala Precision Engineering Limited is one of the leading precision component manufacturers of technical springs like disc & strip springs (DSS). This includes wedge lock washers, coil & spiral springs (CSS) and special fastening solutions (SFS) supplied to the original equipment manufacturers (OEMs), Tier 1 and channel partners.
The company’s business primarily comprises (i) the springs technology division, under which we manufacture DSS, including wedge lock washers (WLW), CSS and (ii) SFS, in which we manufacture anchor bolts, studs and nuts.
Peer Details
As per DRHP, the company has 5 listed peers, which are mentioned below:
- Harsha Engineers International Limited.
- SKF India Limited.
- Sundram Fasteners Limited.
- Rolex Rings Limited.
- Sterling Tools Limited.
Promoters
The promoters of the company are
- Kirit Vishanji Gala
- Smeet Kirit Gala.
Promoters Holding
Holding Pre Issue
74.56%
Holding Post Issue
0.00%
Objects of the Issue
The objectives of Gala Precision Engineering Limited IPO are listed below:
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu to manufacture high tensile fasteners and hex bolts.
- Funding capital expenditure towards the installation of additional machinery.
- Repayment/ prepayment, in full or part, of certain borrowings.
- General corporate purposes.
Address / Contact Info
Gala Precision Engineering Limited
A-801, 8th Floor
Thane One DIL Complex, Ghodbunder Road Majiwade,
Thane (West)-400610
Phone: +91 22-6930 9224
Email: investor.relations@galagroup.com
Website: https://www.galagroup.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 02 September 2024
IPO Close Date
Wednesday, 04 September 2024
Basis of Allotment
Thursday, 05 September 2024
Initiation of Refunds
Friday, 06 September 2024
Credit of Shares to Demat
Friday, 06 September 2024
Listing Date
Monday, 09 September 2024 — NSE & BSE
Important Dates
Open Date
02 September 2024
Close Date
04 September 2024
Basis Of Allotment
05 September 2024
Listing Date
09 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 188.69 | 170.39 | 145.62 |
| Revenue | 204.38 | 167.08 | 147.96 |
| Profit After Tax | 22.33 | 24.21 | 6.63 |
| Net Worth | 104.45 | 83.66 | 59.32 |
| Reserve & Surplus | 94.67 | 81.13 | 56.79 |
| Total Borrowings | 55.03 | 58.6 | 56.89 |
EPS Pre
22.09%
EPS Post
17.60%
P/E Pre
23.95
P/E (Post Issue)
30.01x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 23.59 |
| ROCE % | 19.91 |
| Debt / Equity | 0.53 |
| RoNW % | 21.38 |
| PbW | 5.12 |
| Pat Margin % | 11.89 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 950586 | 29.95 | 0 |
| Qualified Institutions | 633724 | 19.96 | 0 |
| Non-Institutional | 475293 | 14.97 | 0 |
| BNII | 316862 | 9.98 | 808 |
| SNII | 158431 | 4.99 | 404 |
| Retail Investors | 1109017 | 34.94 | 39607 |
| Employees | 5796 | 0.18 | 0 |
| Total | 3174416 | 100 | 0 |
Subscription Status ( Wed, 04 Sep 24 01:29 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 633724 | 147366856 | 232.54x |
| Non-Institutional | 475293 | 197066240 | 414.62x |
| BNII | 316862 | 139313916 | 439.67x |
| SNII | 158431 | 57752324 | 364.53x |
| Retail Investors | 1109017 | 101973984 | 91.95x |
| Employees | 5796 | 1500828 | 258.94x |
| Total | 2223830 | 447907908 | 201.41x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 28 | 14,812.00 |
| Retail (Max) | 13 | 364 | 192,556.00 |
| S-HNI (Min) | 14 | 392 | 207,368.00 |
| S-HNI (Max) | 67 | 1,876 | 992,404.00 |
| B-HNI (Min) | 68 | 1,904 | 1,007,216.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- PL Capital Markets Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Gala Precision Engineering IPO is a Book-building IPO worth ₹167.93 crores. The price band is ₹503 to 529 per share. The IPO opens on Mon, Sep 2, 2024 and closes on Wed, Sep 4, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Gala Precision Engineering IPO opens on Mon, Sep 2, 2024 and closes on Wed, Sep 4, 2024
Gala Precision Engineering IPO Price Band is ₹503 to 529.
Gala Precision Engineering IPO lot size is 28, and the minimum amount required for application is ₹14812.
The minimum investment for Gala Precision Engineering IPO is approximately ₹14812 based on the upper price band.
To apply for the Gala Precision Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 4, 2024. After submission, funds are blocked until the basis of allotment of Gala Precision Engineering IPO is finalised.
Gala Precision Engineering IPO issue size is ₹167.93 crores.
Gala Precision Engineering IPO allotment date is Sat, Jun 27, 2026.
The registrar for Gala Precision Engineering IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Gala Precision Engineering IPO through their official website or helpline.
The Gala Precision Engineering IPO GMP (Grey Market Premium) is ₹260 as of Wed, Sep 4, 2024. Based on the upper price band of ₹529 per share, the estimated Gala Precision Engineering IPO listing price is ₹789, indicating a potential listing gain of approximately 31% over the issue price.