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Bidding Date
02-Sep-2024 to
04-Sep-2024
Issue Size
₹167.93 Cr
Price Band
₹503 to ₹529
Allotment date
05-Sep-2024
Listing date
09-Sep-2024
Lot size
28
No. of shares
31,74,416
Fresh issue/OFS
₹135.34 Cr/₹32.59 Cr
Gala Precision Engineering Ltd is a precision component manufacturer specializing in technical springs and fastening solutions, serving a global clientele across various sectors. Their primary products include disc & strip springs (DSS), coil & spiral springs (CSS), and special fastening solutions (SFS), which are supplied to original equipment manufacturers (OEMs), Tier 1 suppliers, and channel partners. The company's products are utilized in industries such as renewable energy, automotive, railways, electrical, off-highway equipment, and general engineering. Established with a strong foundation in manufacturing disc and strip springs since 1989, they have expanded their product offerings over the years, incorporating CSS in 2015 and SFS in 2018.
Read our in-depth analysis of the Gala Precision Engineering Ltd IPO Here 
Category
Status
QIBs
232.5x
NIIs
414.6x
Retail
91.9x
Others
258.9x
Total
201.4x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Sai Parenteral’s | 372 - 392 | 24-Mar-2026 to 27-Mar-2026 |
| TIPCO Engineering India | 84 - 89 | 23-Mar-2026 to 25-Mar-2026 |
The issue size of Gala Precision Engineering is ₹167.93 Cr.
Gala Precision Engineering falls into Machinery & Equipments industry.
The Gala Precision Engineering IPO will be listed on both NSE and BSE.
The open and close dates for the Gala Precision Engineering are 02-Sep-2024 & 04-Sep-2024.
The price band for the Gala Precision Engineering ipo is ₹503 to ₹529
The listing date of Gala Precision Engineering IPO is 09-Sep-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Gala Precision Engineering total subscription ratio is 201.4X.
Key financial of the Gala Precision Engineering are:
| Gala Precision Engineering | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 202.55 | 165.47 | 145.28 |
| EBIT (₹ Cr) | 32.37 | 21.62 | 13.75 |
| Proft after Tax (₹ Cr) | 21.99 | 24.21 | 6.63 |
| Debt (₹ Cr) | 54.93 | 58.53 | 56.82 |
| Net Worth (₹ Cr) | 104.45 | 83.66 | 59.32 |
| RoE (%) | 21.06 | 28.94 | 11.18 |
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