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Gala Precision Engineering Ltd

Castings, Forgings & Fastners

Offer Period :

2nd to 4th Sep 2024

Gala Precision Engineering Limited is a reputable manufacturer specializing in precision engineering components and assemblies. Renowned for their commitment to quality and innovation, Read more...they serve various industries such as automotive, aerospace, and healthcare, delivering reliable and high-performance solutions to their clients worldwide. Read less

Gala Precision Engineering Ltd IPO Details

IPO Date 2nd to 4th Sep 2024 Minimum Investment ₹14812 / 1 Lots
Listing Date 2024-09-09 Maximum Investment ₹192556 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹167.93 Crores
Price ₹529 to ₹529 per share Fresh Issue ₹135.34 Crores
Lot Size 1 Lots (28 Shares) Offer For Sale ₹ 32.59
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 2nd to 4th Sep 2024
Listing Date 2024-09-09
Face Value ₹10 per share
Price ₹529 to ₹529 per share
Lot Size 1 Lots (28 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14812 / 1 Lots
Maximum Investment ₹192556 / 13 Lots
Total Issue Size ₹167.93 Crores
Fresh Issue ₹135.34 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

2nd Sep

IPO Starts

4th Sep

IPO Ends

5th Sep

Allotment Date

6th Sep

Initiation of Refund

6th Sep

Credit of Shares to Demat Account

9th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 74.58 0
Public Group 25.42 0

Gala Precision Engineering Ltd IPO Reservation

QIB Shares Offered 634883(20%)
NII (HNI) Shares Offered 476162(15%)
Retail Shares Offered 1111046(35%)
Anchor Investor Shares Offered 952325(30%)
Total Shares Offered 3174416
Total Shares With Anchor Investor 3174416

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Gala Precision Engineering Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 4918 6200
Email Id galaprecision.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Gala Precision Engineering Ltd IPO Lead Manager

1. PL Capital Markets Pvt Ltd

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Gala Precision Engineering Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Gala Precision Engineering Ltd

1. The Company is a well-established manufacturer of precision engineering solutions with diverse product portfolio for multiple user industries.

2. The Company has long-standing relationships of over 15 years with both Indian and global OEM and Tier 1 customers.

3. The Company has well equipped manufacturing facilities along with in-house design and other capabilities which offer scale, flexibility, and comprehensive solutions.

4. The Company has an experienced management team supported by large, diverse, and skilled work force.

5. The Company has a track record from incorporation of consistent financial growth and performance characterized by operational efficiency and high repeat business.

6. The Company is certified as a great workplace in the category of "Mid-size organisations" by the Great Place to Work Institute, India. The certificate is valid from November 2023 to November 2024.

Risks Involved

1. The loss of any of its key customers or significant reduction in the company productions and sales of, or demand for its products from the company significant customers may adversely affect its business, results of operations and financial condition.

2. Its Business and revenue from operations of the Company is dependent on demand of customer's products. Any loss of, or a significant reduction in purchases by such customers due to the reduction in demand of its customers products could adversely affect the company's business.

3. The company does not have any Exclusivity Arrangements with the customers and with the suppliers.

4. The Company is involved in a patent infringement suit, and an adverse outcome in this proceeding may adversely affect its business, financial condition and growth strategy.

5. Its revenue is dependent on the springs technology segment of the company's business. Any downturn in the spring technology segment can adversely impact its business, results of operations, cash flow and financial condition of the Company.

6. The company does not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

7. Its business is dependent on the performance of the application industries with a large portion of revenue being derived from a select few of application industries. Any downturn in the application industries can adversely impact the company's business, results of operations, cash flow and financial condition of the Company.

8. The Company is involved in certain legal proceedings, and an adverse outcome in any such proceedings may adversely affect its business, financial condition and growth strategy.

9. The company has entered into transactions with related parties. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.

10. The Company's operations are subject to varied business risks and our Company's insurance cover may prove inadequate to cover the economic losses of the Company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 188.68 170.39 145.62
Total Liabilities 188.68 170.39 145.62
Total Expenses 176.79 149.38 136.74
Total Revenue 
204.38 167.08 147.96
Profit After Tax 22.33 24.21 6.63
EBITDA 38.28 38.7 22.35
Adjusted EBITDA 0 0 0

Gala Precision Engineering Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-09 544244 GALAPREC
INE0RE001014
₹529 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹529 ₹529
Open ₹750 ₹721.1
Low ₹721 ₹721.1
High ₹787.45 ₹757.15
Low ₹721 ₹721.1

Frequently Asked Questions

What is Gala Precision Engineering Ltd IPO?

Answer Field

Gala Precision Engineering Ltd IPO is a Mainboard IPO of 31,74,416 equity shares of a face value of ₹10 aggregating up to ₹167.93 Crores. The issue is priced at ₹529 to ₹529 per share. The minimum order quantity is 28 Shares. The IPO opens on September 02, 2024, and closes on September 04, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Gala Precision Engineering Ltd IPO will open?

Answer Field

The Gala Precision Engineering Ltd IPO opens on September 02, 2024 and closes on September 04, 2024.

What is the lot size of Gala Precision Engineering Ltd?

Answer Field

Gala Precision Engineering Ltd lot size is 28 shares, and the minimum amount required is ₹14,812.

How to apply for Gala Precision Engineering Ltd IPO?

Answer Field

You can apply in Gala Precision Engineering Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Gala Precision Engineering Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Gala Precision Engineering Ltd IPO will be done on September 05, 2024, and the allotted shares will be credited to your demat account by September 06, 2024.

When is Gala Precision Engineering Ltd IPO listing date?

Answer Field

The Gala Precision Engineering Ltd listing date is September 09, 2024.

Who is the registrar of Gala Precision Engineering Ltd IPO?

Answer Field

The registrar of Gala Precision Engineering Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

PL Capital Markets Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Gala Precision Engineering Ltd IPO?

Answer Field

The fresh issue size is ₹135.34 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Gala Precision Engineering Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 28 shares and ₹14,812 amount.

How can I approve the UPI mandate request for Gala Precision Engineering Ltd IPO?

Answer Field

To apply for Gala Precision Engineering Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Gala Precision Engineering Ltd?

Answer Field

The price of each Gala Precision Engineering Ltd share will be ranging in between ₹529 to ₹529 per share.

What is the cut-off time for the UPI mandate for Gala Precision Engineering Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 04, 2024.

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