Gala Precision Engineering IPO
About Gala Precision Engineering
Gala Precision Engineering is a company that specializes in making tiny but incredibly important parts for machines. They’re like the wizards behind the scenes, turning metal into magical components that make everything from wind turbines to cars work smoothly.
What do they make?
- Springs: These are the stretchy metal bits that give things like doors and locks their bounce. Gala makes all sorts of springs, from the tiny ones you find in watches to the big ones used in giant machines.
- Washers: These are flat, round discs that go between bolts and nuts to make sure they fit snugly. Gala makes special washers that are perfect for locking things in place.
- Fasteners: These are the things that hold things together, like screws and bolts. Gala makes special fasteners that are perfect for specific jobs.
Who do they work with?
Gala works with a lot of different companies, from big factories to small businesses. They even sell their products to customers in over 25 countries!
What makes them special?
- Quality: Gala is known for making high-quality products that meet strict standards.
- Experience: They’ve been in business for a long time and know their stuff.
- Global reach: They sell their products all over the world.
But there are also some things to think about:
- Risk: Like any business, Gala faces risks, such as losing big customers or getting into legal trouble.
- Dependence: They rely on a few key industries, so if those industries slow down, it could hurt their business.
Overall, Gala Precision Engineering is a company that plays a vital role in making the world go round. They’re dedicated to making high-quality products and are always looking for new ways to improve.
Note: Refer to Gala Precision Engineering IPO RHP for detailed information.
Financials of Gala Precision Engineering IPO
Gala Precision Engineering IPO Details
| IPO Date | September 2, 2024 to September 4, 2024 |
| Listing Date | September 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹503 to ₹529 per share |
| Lot Size | 28 Shares |
| Total Issue Size | 3,174,416 shares (aggregating up to ₹167.93 Cr) |
| Fresh Issue | 2,558,416 shares (aggregating up to ₹135.34 Cr) |
| Offer for Sale | 616,000 shares of ₹10 (aggregating up to ₹32.59 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,111,584 |
| Share holding post issue | 12,670,000 |
Gala Precision Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 9,50,586 (29.95%) |
| QIB Shares Offered | 6,33,724 (19.96%) |
| NII (HNI) Shares Offered | 4,75,293 (14.97%) |
| bNII > ₹10L | 3,16,862 (9.98%) |
| sNII < ₹10L | 1,58,431 (4.99%) |
| Retail Shares Offered | 11,09,017 (34.94%) |
| Employee Shares Offered | 5,796 (0.18%) |
| Total Shares Offered | 31,74,416 (100%) |
Gala Precision Engineering IPO Subscription Status
Gala Precision Engineering IPO subscribed 201.41 times. The public issue subscribed 91.95 times in the retail category, 232.54 times in QIB, and 414.62 times in the NII category by September 4, 2024 (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 232.54 | 633,724 | 14,73,66,856 | 7,795.71 |
| Non-Institutional Buyers | 414.62 | 475,293 | 19,70,67,584 | 10,424.88 |
| bNII (bids above ₹10L) | 439.67 | 316,862 | 13,93,13,916 | 7,369.71 |
| sNII (bids below ₹10L) | 364.54 | 158,431 | 5,77,53,668 | 3,055.17 |
| Retail Investors | 91.95 | 1,109,017 | 10,19,70,988 | 5,394.27 |
| Employees | 258.95 | 5,796 | 15,00,856 | 79.40 |
| Total | 201.41 | 2,223,830 | 44,79,06,284 | 23,694.24 |
Gala Precision Engineering IPO Subscription Details Day-wise
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 September 2, 2024 | 0.86 | 20.80 | 12.36 | 38.95 | 10.96 |
| Day 2 September 3, 2024 | 5.06 | 133.09 | 44.55 | 119.92 | 52.41 |
| Day 3 September 4, 2024 | 232.54 | 414.62 | 91.95 | 258.95 | 201.41 |
Gala Precision Engineering IPO GMP & Listing
| IPO Name | Allotment Price | GMP | Expected Listing | Listing Price | Total Gains |
|---|---|---|---|---|---|
| Gala Precision Engineering | 529 | 245 | 774 | 721 | 36.31% |
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