Gala Precision Engineering

Gala Precision Engineering

Mainboard

₹14,812 / 28 Shares

Offer Date:Sep 2, 2024 - Sep 4, 2024
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Gala Precision Engineering IPO Details

The Gala Precision Engineering IPO price band is set between ₹503-529 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 2 Sep, 2024 and closes on 4 Sep, 2024. Investors can check the allotment status on 5 Sep, 2024, while the listing date is tentatively scheduled for 9 Sep, 2024.

The total issue size is Total ₹167.93 Cr :#Fresh Issue : 2,558,416 shares, aggregating up to ₹135.34 Cr. Stay tuned for the latest Gala Precision Engineering IPO review and GMP updates.

Gala Precision Engineering IPO Review, Rating & Analysis

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Gala Precision Engineering IPO Highlights

IPO Date

Sep 2, 2024 - Sep 4, 2024

Listing Date

9 Sep, 2024

Face Value

₹10 Per Equity Share

Price Band

₹503-529 per equity share

Lot Size

28 Shares

Fresh Issue

2,558,416 Shares

Offer for Sale

616,000 shares of ₹10

Listing At

BSE, NSE

Gala Precision Engineering IPO Lot Size

The minimum market lot for Gala Precision Engineering IPO is 28 shares with an application amount of ₹14,812. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)128₹14,812
Retail (Max)13364₹1,92,556
S-HNI (Min)14392₹2,07,368
S-HNI (Max)671876₹9,92,404
B-HNI (Min)681904₹10,07,216

Gala Precision Engineering IPO Timeline

IPO Open Date
2 Sep, 2024
IPO Close Date
4 Sep, 2024
Basis of Allotment
5 Sep, 2024
Listing Date
9 Sep, 2024

Issue Price

₹503-529 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Pl Capital Markets Private Limited

Issue Size

Total ₹167.93 Cr :
#Fresh Issue : 2,558,416 shares(aggregating up to ₹135.34 Cr) +
#OFS : 616,000 shares of ₹10(aggregating up to ₹32.59 Cr)

Gala Precision Engineering IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24188.69204.3822.33104.4594.6755.03
31 Mar 23170.39167.0824.2183.6681.1358.6
31 Mar 22145.62147.966.6359.3256.7956.89

All values are in ₹ Cr.

Gala Precision Engineering IPO Valuations

EPS Pre IPO

₹22.09/-

EPS Post IPO

₹17.63/-

PE Pre IPO

23.95

PE Post IPO

30.01

ROE

23.59%

ROCE

19.91%

Debt Equity

0.53

RoNW

21.38%

PAT Margin

11.89

Price to Book Value

5.12

Promoters & Share Holding

Promoter(s) Name

  • Kirit Vishanji Gala
  • Kirit Vishanji Gala
Share Holding Pre IssueShare Holding Post Issue
74.56%55.40%

About Company

Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs).

The company's products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway.

The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs.

The company's business primarily comprises of two divisions:
(i) the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS,
(ii) SFS, producing anchor bolts, studs, and nuts.

As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland.

The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high tensile fasteners to expand the product portfolio with new products like bolts.

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Gala Precision Engineering IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved633,724
475,293

316,862    158,431
1,109,0172,223,830
Day 1 -02-09-24 05:00 PM
0.86 x
20.52

16.13 x   29.30 x
11.99 x10.71 x
Day 2 -03-09-24 05:00 PM
5.06 x
132.93

128.28 x   142.24 x
44.21 x52.21 x
Day 3 -04-09-24 05:00 PM
232.54 x
414.60

439.67 x   364.47 x
91.91 x201.39 x
Total No. of Applications:34,44,648 (Approx)
Retail Subscription:

Retail:80.56x

BHNI:85.82x

SHNI:345.96x times

Company Contact Details

Gala Precision Engineering

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/

Registrar Contact Details

Link Intime India Private Ltd

Frequently Asked Questions about Gala Precision Engineering IPO

When will Gala Precision Engineering IPO open for subscription?

The Gala Precision Engineering IPO opens on 2 Sep, 2024 and closes on 4 Sep, 2024.

What is the investors portion for Gala Precision Engineering IPO?

The investors' portion for QIB is 232.54 x, NII is 439.67 x, and Retail is 91.91 x.

How to apply for Gala Precision Engineering IPO?

You can apply for Gala Precision Engineering IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Gala Precision Engineering IPO?

The issue size of Gala Precision Engineering IPO is approx ₹Total ₹167.93 Cr :#Fresh Issue : 2,558,416 shares(aggregating up to ₹135.34 Cr) +#OFS : 616,000 shares of ₹10(aggregating up to ₹32.59 Cr) crores.

What is the price band of Gala Precision Engineering IPO?

The price band for Gala Precision Engineering IPO is ₹503 to ₹529 per equity share.

What is the lot size of Gala Precision Engineering IPO?

The minimum bid (lot size) for Gala Precision Engineering IPO is N/A shares with an investment of approx ₹14,812 .

What is the allotment date of Gala Precision Engineering IPO?

The allotment date for Gala Precision Engineering IPO is 5 Sep, 2024.

What is the listing date of Gala Precision Engineering IPO?

The listing date for Gala Precision Engineering IPO is expected to be 9 Sep, 2024.

What is the GMP of Gala Precision Engineering IPO?

The latest Grey Market Premium (GMP) for Gala Precision Engineering IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Gala Precision Engineering IPO Date, Review, Price, Allotment Details, GMP | IPOROCK