Gala Precision Engineering IPO is scheduled to open on September 02, 2024, and will subsequently close on September 04, 2024. This book-built issue aims to raise approximately ₹167.93 crores. Specifically, it includes a fresh issue of ₹135.34 crores and also features an offer for sale of up to 616,000 equity shares, each with a face value of ₹10.
Table of contents
- Gala Precision Engineering IPO Overview
- Company Details
- Key Dates
- Gala Precision Engineering Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Gala Precision Engineering IPO GMP (Grey Market Premium)
- Gala Precision Engineering IPO Application Form PDF
- IPO Subscription Status
- IPO Allotment Status
- IPO Review
- IPO Registrar
- IPO Lead Manager
- Gala Precision Engineering Contact
Gala Precision Engineering IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Gala Precision Engineering |
| Industry | Engineering |
| IPO Issue Type | Book Built Issue |
| Open Date | September 02, 2024 |
| Close Date | September 04, 2024 |
| Total Issue Size | ₹167.93 Crores(3,174,416 Equity Shares) |
| Face Value | ₹5 Per Equity Share |
| Fresh Issue | ₹135.34 Crores(2,558,416 Equity Shares) |
| Price Band | ₹503 to ₹529 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 28 shares |
| Offer for Sale | ₹32.59 Crores(616,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Gala Precision Engineering, with over three decades of expertise, is a leading specialist in designing and manufacturing high-precision components, including High Tensile Fasteners, Coil & Spiral Springs, Disc & Strip Springs, and Wedge Lock Washers. The company adheres to global standards like German DIN while offering customized solutions tailored to client needs. Serving over 175 global customers across 25+ countries, Gala has a strong international presence, including an office in Frankfurt, Germany, to support its European clients, with a significant portion of its sales generated abroad.
To expand its production capabilities, Gala is establishing a new facility in Tamil Nadu dedicated to special fastening solutions. The company also implements lean manufacturing practices and leverages automation to enhance productivity and reduce errors.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 02, 2024 |
| IPO Close Date | September 04, 2024 |
| Basis of Allotment | September 05, 2024 |
| Refunds | September 06, 2024 |
| Credit to Demat Account | September 06, 2024 |
| IPO Listing Date | September 09, 2024 |
Gala Precision Engineering Financials (₹ in Crores)
| Period Ended | 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 |
| Reserves and Surplus | ₹94.67 | ₹81.13 | ₹56.79 |
| Total Borrowing | ₹55.03 | ₹58.6 | ₹56.89 |
Objective of the Issue
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts;
- Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
- Repayment/ prepayment, in full or part, of certain borrowings availed by the company; and
- General corporate purposes.
Company Promoters
- Mr. Kirit Vishanji Gala
- Mr. Smeet Kirit Gala
Gala Precision Engineering IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Gala Precision Engineering IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Gala Precision Engineering. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Gala Precision Engineering IPO Application Form PDF
To download the Gala Precision Engineering IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
IPO Subscription Status
This IPO subscription kicks off on September 02, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
IPO Allotment Status
To check the allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
To check the allotment status, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- To be Updated Soon
Risk:
- To be Updated Soon
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: ecorentacar.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Manager
- Pl Capital Markets Private Limited
Gala Precision Engineering Contact
Gala Precision Engineering Limited
A-801, 8th FloorThane One DIL Complex,
Ghodbunder Road Majiwade,
Thane (West)-400610
Phone: +91 22-6930 9224
Email: investor.relations@galagroup.com
Website: https://www.galagroup.com/
Gala Precision Engineering’s offer size is ₹81.94 crores.
Gala Precision Engineering’s public offer price is ₹59 to ₹61 per share.
Gala Precision Engineering lot size is 2000 shares.
For Gala Precision Engineering GMP please refer to this IPO GMP Page.
The Gala Precision Engineering allotment date is September 5, 2024.
Gala Precision Engineering listing date is September 9, 2024. The IPO is to be listed on BSE.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
