The Gala Precision Engineering has begun on 02-September-2024. It will close on 04-September-2024. The Total IPO Size is 167.93 Crore. The company set its IPO price is 503-529 Rs Per Share.
Basically, there are three basic categories in Gala Precision Engineering IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
Gala Precision Engineering is incorporated in 2009.
Gala Precision Engineering is a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers; coil & spiral springs (“CSS”) and special fastening solution (“SFS”) supplying to original equipment manufacturers
Their business primarily comprises of (i) springs technology division, under which They manufacture DSS including wedge lock washers (“WLW”), CSS and (ii) SFS in which we manufacture anchor bolts, studs and nuts.
The Products mainly used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.
Customers include global OEMs, tier 1 and channel partners across the sectors such as John Deere India Private Limited, Faiveley Transport Rail Technologies India Private Limited (a Wabtec Company), Brembo Brake India Private Limited, BUFAB India Fasteners Private Limited, Altra Industrial Motion India Private Limited, Endurance Technologies Limited, Enercon GmbH, EXEDY Clutch India Private Limited, Hitachi Astemo Chennai Private Limited, L&T Electrical & Automation Products (a unit of Schneider Electric Private Limited), LPS Bossard Private Limited, MSL Driveline Systems Limited, SAL Automotive Limited, Schaeffler India Limited, Turbo Energy Private Limited, Vestas Wind Technology India Private Limited, Wuerth Industrial Services India Private Limited etc.
Name of Selling Shareholder
Vishanji Harshi Gala, Kirit Vishanji Gala (HUF), Nayna Gala, Satish Kotwani, Hemlata Dhiraj Shah, Dhiraj Nanchand Shah, Urmil Dhiraj Shah, Rupa Sunil Mehta are the Promoters.
Company Promoters
Kirit Vishanji Gala and Smeet Kirit Gala are the Promoters.
Gala Precision Engineering IPO Date, Details & Price Band
The Gala Precision Engineering IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 02-September-2024 |
| IPO Closing Dates | 04-September-2024 |
| Price Band | 503-529 Rs |
| Fresh size | 135.34 Crore |
| OFS size | 32.59 Crore |
| Total IPO size | 167.93 Crore |
| Minimum bid (lot size) | 28 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Gala Precision Engineering IPO Market Lot
The Gala Precision Engineering IPO minimum market lot is 28 shares With 14,812 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 28 | 14,812 ₹ |
| Retail Maximum | 13 | 364 | 192,556 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-24 | 188.69 | 204.38 | 22.33 |
| 31-Mar-23 | 170.39 | 167.08 | 24.21 |
Gala Precision Engineering IPO GMP & Grey Market Premium
Gala Precision Engineering IPO GMP Grey market premium has been started today. Check Latest Gala Precision Engineering IPO GMP, Kostak Rates and Subject to Sauda Price here.
Gala Precision Engineering IPO Prospectus
Gala Precision Engineering IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download Gala Precision Engineering IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor List | Download |
Gala Precision Engineering IPO Form Download
Gala Precision Engineering IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download Gala Precision Engineering IPO forms.
Gala Precision Engineering IPO Allotment Date & Details
| Allotment Date | 05-Sep-2024 |
| Initiation of refunds | 06-Sep-2024 |
| Transfer of shares to Demat accounts | 06-Sep-2024 |
| Listing Date | 07-Sep-2024 |
| Check Allotment Status | Click here |
Registrar of Gala Precision Engineering
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Gala Precision Engineering Contact Details
Gala Precision Engineering Limited
A-801, 8th Floor
Thane One DIL Complex, Ghodbunder Road Majiwade,
Thane (West)-400610
Phone: +91 22-6930 9224
Email: [email protected]
Website: https://www.galagroup.com/
Gala Precision Engineering IPO Lead Managers
PL Capital Markets Private Limited
3rd Floor, Sadhana House, 570, P. B. Marg, Worli, Mumbai – 400 018,
Maharashtra, India.
Telephone: +91 22 6632 2222
Email: [email protected]
Website: www.plindia.com
Investor Grievance ID: [email protected]
Contact Person: Wincy Nadar/Ashwinikumar Chavan
SEBI Registration Number: INM000011237