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Gala Precision Engineering Limited

  • Minimum Investment
    ₹14,084
  • Price Range
    ₹503 - ₹529
  • Issue Size
    ₹167.93 Cr
  • Lot Size
    28 shares

Proceeds of this IPO to be used for

Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts

Funding capital expenditure requirements towards the purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra

Repayment/ prepayment, in full or part, of certain borrowings availed by the company

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Gala Precision Engineering Limited

Product customization

The company's diverse product range and wide applications have enabled it to build a broad customer base across various geographies and industries. The company can develop tailored products and solutions to meet customer specifications, allowing cross-selling opportunities and increased wallet share.

Customer relationship

The company's diverse product portfolio serves a wide range of customers, having catered to over 175 clients across 25 countries. Strong customer relationships are built on high-quality products, reliable supply, collaborative development, and adherence to international standards.

Legal proceeding

The company is involved in significant civil litigations concerning a patent infringement suit. An adverse outcome in this case could negatively impact the company's business and financial condition

Dependent of one segment

The company's revenue heavily relies on the springs technology segment, which contributed 80.1% of revenue in FY24. Any downturn in this segment could adversely affect the company's business, operations, and financial condition.

Dependent on third-party transporters

The company depends on third-party transportation for the delivery of raw materials and finished products. Any disruption in their operations or a decline in service quality could negatively impact the company's business.

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Gala Precision Engineering Limited

Gala Precision Engineering Ltd. was incorporated on February 23, 2009. The company is a precision component manufacturer specializing in technical springs such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). These products are supplied to original equipment manufacturers (OEMs), Tier 1 suppliers, and channel partners.
  • Promoter
    Kirit Vishanji Gala
  • Promoter
    Smeet Kirit Gala

Gala Precision Engineering Limited IPO FAQs

What is Gala Precision Engineering Limited IPO?

Gala Precision Engineering Limited IPO refers to the initial public offering of shares by Gala Precision Engineering Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Gala Precision Engineering Limited IPO?

For Gala Precision Engineering Limited IPO the issue size is ₹168 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Gala Precision Engineering Limited IPO?

For Gala Precision Engineering Limited IPO the minimum investment is ₹14,084. The minimum investment for Gala Precision Engineering Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Gala Precision Engineering Limited IPO?

For Gala Precision Engineering Limited IPO the lot size is 28 shares. The lot size of Gala Precision Engineering Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Gala Precision Engineering Limited IPO on Share.Market?

To apply for Gala Precision Engineering Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Gala Precision Engineering Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Gala Precision Engineering Limited IPO?

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Gala Precision Engineering Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Gala Precision Engineering Limited IPO?

For Gala Precision Engineering Limited IPO the allotment date is September 5, 2024. The allotment date of Gala Precision Engineering Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Gala Precision Engineering Limited IPO?

For Gala Precision Engineering Limited IPO, the subscription opens on September 2, 2024 and closes on September 4, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
201.39x Oversubscribed