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GALA PRECISION ENGINEERING LIMITED IPO

GALA PRECISION ENGINEERING LIMITED IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
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Subscription:
Listed Price: ₹ 721.10 (+36.31%)

GALA PRECISION ENGINEERING LIMITED's successfully transitioned to public market status with its listing on NSE, BSE on 09-09-2024. The IPO mobilized 31,74,416 Shares in cumulative capital, including 25,58,416 Shares for corporate expansion and ₹32.59 Cr for shareholder liquidity management.

The public offering was conducted within the price parameters of ₹503 to ₹529, with minimum investment lots of 28 shares. subscription activity between 02-09-2024 and 04-09-2024 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 05-09-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

GALA PRECISION IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
GALA PRECISION IPO Key Performance Indicator
Company Financials ( In Crores )

GALA PRECISION IPO About Company

Incorporated in February 2009, Gala Precision Engineering Limited manufactures high-precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), serving OEMs across sectors including electrical, off-highway equipment, infrastructure, automotive, and railways. With a strong global presence, the company supplies over 175 customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Gala Precision operates two manufacturing facilities in Wada, Palghar, Maharashtra, and is expanding through a new plant at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, dedicated to high-tensile fasteners and new products such as bolts. As of June 30, 2024, the company employs 294 permanent staff across manufacturing, logistics, quality assurance, tool room development, and HR, supported by an additional 390 contract employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


GALA PRECISION IPO Strength Factors

  1. Wide Range of Products: The company provides a variety of precision engineering solutions across different industries, meeting diverse customer needs with ease.
  2. Strong Customer Relationships: With 15+ years of experience, the company has built long-lasting partnerships with both Indian and global OEMs and Tier 1 customers, earning their trust and reliability.
  3. Modern Manufacturing Facilities: The company operates advanced manufacturing units with in-house design capabilities, offering flexible, scalable, and all-in-one solutions to support its growth and market competitiveness.

GALA PRECISION IPO Risk Factors

  1. Customer Dependency: The company depends heavily on a few key customers, so losing any of them or facing a big drop in their demand could seriously hurt its business and profits.
  2. Legal Risk: The company is facing a patent infringement lawsuit, which could lead to financial losses and disrupt its business plans and future growth.
  3. No Exclusive Agreements: Without exclusive contracts with customers and suppliers, the company could face tough competition and supply chain issues, which may affect its market position and smooth operations

GALA PRECISION IPO Lead Manager(s)

  • PL Capital Markets Private Limited

GALA PRECISION IPO Promoter(s)

  1. Kirit Vishanji Gala
  2. Kirit Vishanji Gala

GALA PRECISION IPO Company Details

GALA PRECISION ENGINEERING LIMITED
Phone:
address:

GALA PRECISION IPO Registrar

Link Intime India Private Limited
Name:
Phone:

GALA PRECISION IPO FAQs