Gala Precision Engineering Ltd
Price Range
₹503 - ₹529
Min. Quantity
28
Closes on
4 September 2024
Min. investment
₹14,812/364 Shares
Gala Precision Engineering Ltd IPO Timeline
Gala Precision Engineering Limited was incorporated as Gala Precision Engineering Private Limited' a Private Limited Company, pursuant to the Certificate of Incorporation issued by the RoC on February 23, 2009. The name of the Company was changed to Gala Precision Engineering Limited', upon conversion into a Public Company,and a fresh Certificate of Change of Name was issued on October 25, 2023 by the RoC.
| Event | Date |
|---|---|
| Gala Precision Engineering Ltd IPO Opening Date | 2 September 2024 |
| Gala Precision Engineering Ltd IPO Closing Date | 4 September 2024 |
| Basis of Allotment | 5 September 2024 |
| Initiation of Refunds | 6 September 2024 |
| Credit of Shares to Demat | 6 September 2024 |
| Gala Precision Engineering Ltd IPO Listing Date | 9 September 2024 |
Gala Precision Engineering Ltd IPO Details
| Gala Precision Engineering Ltd IPO Date | 2 September 2024 to 4 September 2024 |
| Gala Precision Engineering Ltd IPO Face Value | ₹10 per share |
| Gala Precision Engineering Ltd IPO Price | ₹503 to ₹529 per share |
| Gala Precision Engineering Ltd IPO Lot Size | 28 |
| Issue Size | Shares of ₹10 (aggregating up to ₹167.93 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹135.34 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹32.59 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 6,33,724 of the Net Offer |
| Retail Shares Offered | Not less than 11,09,017 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 4,75,293 of the Net Offer |
| Company Promoters | Kirit Vishanji Gala, Smeet Kirit Gala |
Gala Precision Engineering Ltd IPO Lot Size
The Gala Precision Engineering Ltd IPO lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹1,92,556).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 28 | ₹14,812 |
| Maximum | 13 | 364 | ₹1,92,556 |
- Strengths
- Risks
- Opportunities
- The Company is a well-established manufacturer of precision engineering solutions with diverse product portfolio for multiple user industries.
- The Company has long-standing relationships of over 15 years with both Indian and global OEM and Tier 1 customers.
- The Company has well equipped manufacturing facilities along with in-house design and other capabilities which offer scale, flexibility, and comprehensive solutions.
- The Company has an experienced management team supported by large, diverse, and skilled work force.
- The Company has a track record from incorporation of consistent financial growth and performance characterized by operational efficiency and high repeat business.
- 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.
Company Financials
Gala Precision Engineering Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 188.56 | 202.2 | 21.74 |
| 03-2023 | 171.16 | 165.05 | 18.17 |
| 03-2022 | 154.5 | 146.06 | 8.17 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up a new facility at Vallam Vadagal SIPCOT for MFG high tensile fasteners and hex bolts
- Funding capital expenditure requirements towards purchase of equipment plant and machinery at
- Repayment/prepayment in full or part of certain borrowings availed by the company
- General corporate purposes
Gala Precision Engineering Ltd IPO Promoter Holding
| Pre Issue Share Holding | 27.61% |
| Post Issue Share Holding | 22.03% |
Gala Precision Engineering Ltd IPO Subscription Status (Bidding Detail)
The Gala Precision Engineering Ltd IPO is subscribed 201.41 times on 4 September 2024 05:00:00 PM. The public issue subscribed 91.95 times in the retail category, 232.54 times in the QIB category, and 414.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 232.54 | 414.62 | 91.95 | 259 | 201.41 |
Gala Precision Engineering Ltd IPO Prospectus
Gala Precision Engineering Ltd IPO Listing Date
| Listing Date | 9 September 2024 |
| BSE Script | 544244 |
| NSE Symbol | GALAPREC |
| Listing In | BSE, NSE |
| ISIN | INE0RE001014 |
| IPO Price | ₹529 |
| Face Value | ₹10 |
Company Contact Information
A-801 8th Flr Thane 1 Dil CmpxGhodbunder Road Majiwade,Thane (West)-400610
Phone: +91 22 6930 9224
Email: investor.relations@galagroup.com
Website: www.galagroup.com
Gala Precision Engineering Ltd IPO Registrar
Gala Precision Engineering Ltd IPO Lead Manager(s)
- PL Capital Markets Pvt Ltd
FAQ
What is the issue size of Gala Precision Engineering Ltd IPO?
I have pre-applied for Gala Precision Engineering Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.