Gala Precision Engineering IPO Details
The Gala Precision Engineering IPO is a book build issue with a total issue size of ₹167.93 cr, comprising of fresh issue of 2558416 equity shares., and a offer for sale of 616000 equity shares. Gala Precision Engineering IPO opened for subscription on Sep 02, 2024 and closed on Sep 04, 2024. Gala Precision Engineering IPO is set price band at ₹503 to ₹529 per share, with a lot size of 28 shares. Minimum investment for Retail investors was ₹14,812.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 05, 2024, and listed on both the NSE and BSE on Sep 09, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. PL Capital Markets Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Gala Precision Engineering IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 503 – 529
- Lot Size
- 28
- Issue Size
- ₹167.93 Cr
- Minimum Investment
- ₹14812 (28 Shares)
- Listing Date
- 09 September 2024
Current GMP
₹260 (+49.15%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Gala Precision Engineering Limited
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.
Gala Precision Engineering IPO 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%
Gala Precision Engineering IPO Objective
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
Book Running Lead Managers
- PL Capital Markets Private Limited
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 with a total issue size of ₹167.93 crore. The Gala Precision Engineering IPO price band is ₹503 to 529 per share. The Gala Precision Engineering IPO subscription opens on Mon, Sep 2, 2024, and closes on Wed, Sep 4, 2024. The Gala Precision Engineering IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Gala Precision Engineering IPO.
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 per share.
Gala Precision Engineering IPO lot size is 28 shares, Retail investors need a minimum investment of ₹14812 based on the upper price band
The minimum investment for Gala Precision Engineering IPO is ₹14812, based on one lot of 28 shares at the upper price band of ₹529 per share.
Investors can apply for the Gala Precision Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 4, 2024. The application amount remains blocked until the Gala Precision Engineering IPO allotment is finalized.
Gala Precision Engineering IPO issue size is ₹167.93 crores.
Gala Precision Engineering IPO allotment date is Wed, Jul 1, 2026.
The registrar for Gala Precision Engineering IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Gala Precision Engineering IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.