Gala Precision Engineering IPO Details
| IPO Open Date: | September 2, 2024 |
| IPO Close Date: | September 4, 2024 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹503 to ā¹529 Per Share |
| Issue Size: | Approx ā¹167.93 Crores, 3,174,416 Equity Shares |
| Fresh Issue: | Approx ā¹135.34 Crores, 2,558,416 Equity Shares |
| Offer for Sale: | Approx 616,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Gala Precision Engineering IPO Market Lot
The Gala Precision Engineering IPO minimum market lot is 28 Shares with ā¹14,812 application amount. The retail investors can apply up-to 13 lots with 28 shares or ā¹14,812 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 28 | ā¹14,812 |
| Retail Maximum | 13 | 364 | ā¹192,556 |
| S-HNI Minimum | 14 | 392 | ā¹207,368 |
| B-HNI Minimum | 68 | 1,904 | ā¹1,007,216 |
Gala Precision Engineering IPO Dates
The Gala Precision Engineering IPO date is September 2 and the close date is September 4. The Gala Precision Engineering IPO allotment will be finalized on September 5 and the IPO listing on September 9.
| IPO Open Date: | September 2, 2024 |
| IPO Close Date: | September 4, 2024 |
| Basis of Allotment: | September 5, 2024 |
| Refunds: | September 6, 2024 |
| Credit to Demat Account: | September 6, 2024 |
| IPO Listing Date: | September 9, 2024 |
Promoters of Gala Precision Engineering
The promoters of the company are Kirit Vishanji Gala and Smeet Kirit Gala.
About Gala Precision Engineering
Gala Precision Engineering, with over three decades of experience, is a leading specialist in the design and manufacturing of high-precision components such as High Tensile Fasteners, Coil & Spiral Springs, Disc & Strip Springs, and Wedge Lock Washers. The company offers global standards such as German DIN while providing customization to match client needs. It Serves over 175 global customers across 25+ countries. Gala’s global footprint includes an office in Frankfurt, Germany to support its European clients, as a significant portion of its sales are generated internationally.
The company is expanding its production capabilities by establishing a new facility in Tamil Nadu dedicated to special fastening solutions. On top of this, they practice lean manufacturing and make use of automation to improve productivity as well as reduce errors.
Gala Precision Engineering Company Financial Report
The company reported revenue of ā¹204.38 crores in 2024 against ā¹167.08 crore in 2023. The company reported profit of ā¹22.33 crores in 2024 against loss of ā¹24.21 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹147.96 | ā¹136.74 | ā¹6.63 | ā¹145.62 |
| 2023 | ā¹167.08 | ā¹149.38 | ā¹24.21 | ā¹170.39 |
| 2024 | ā¹204.38 | ā¹176.79 | ā¹22.33 | ā¹188.69 |
Gala Precision Engineering IPO Valuation – FY2024
Check Gala Precision Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 23.59% |
| ROCE: | 19.91% |
| EBITDA Margin: | 19.86% |
| PAT Margin: | 10.93% |
| Debt to equity ratio: | 0.53 |
| Earning Per Share (EPS): | ā¹22.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.38% |
| Net Asset Value (NAV): | ā¹103.30 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Harsha Engineers International Limited | 12.24 | 44.33 | 9.48 | 129.09 | 1421.79 Cr. |
| SKF India Limited | 111.6 | 48.50 | 20.57 | 542.63 | 4664.14 Cr. |
| Sundram Fasteners Limited | 24.83 | 54.49 | 15.37 | 162.81 | 5720.47 Cr. |
| Rolex Rings Limited | 57.30 | 40.83 | 17.37 | 329.81 | 1236.82 Cr. |
| Sterling Tools Limited | 15.37 | 24.70 | 12.38 | 124.11 | 938.51 Cr. |
| Ratnaveer Precision Engineering Limited | 7.61 | 24.69 | 12.32 | 51.78 | 602.40 Cr. |
Objects of the Issue
- 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 purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
- Repayment/ prepayment, in full or part, of certain borrowings availed by the company; and
- General corporate purposes.
Gala Precision Engineering IPO Review
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Gala Precision Engineering IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Pl Capital Markets Private Limited
Company Address
Gala Precision Engineering Limited
A-801, 8th Floor
Thane One DIL Complex, Ghodbunder Road Majiwade,
Thane (West)-400610
Phone: +91 22-6930 9224
Email: [email protected]
Website: https://www.galagroup.com/
Gala Precision Engineering IPO FAQs
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Note: The Gala Precision Engineering IPO price band and date are officially announced. The (Gala Precision Engineering IPO grey market premium) will be added to the IPO GMP page as it will start).
13 Responses
Hi
It will be done by today
HOW I CAN GET ALLOTMENT IN SME IPO I HAD ALREADY APPLIED 10 TIMES BUT NOT GET YET ANY ALLOTMENT
Hi Deepak,
Keep Applying the IPOs
how can i know that i got the gala precision engineering ltd today
It will be allotted by today night you can check by tomorrow morning.
Pl send/ advise the link to check the allotment.
Who can apply under S-HNI and B-HNI category. There is little chance of allotment under retail category for IPO.
Hi team,
I applied around 5-10 ipo as a retail investor.
I applied via axis bank and zerodha app.
But none of the IPO got alloted , Is there any idea on what basis allotment is decided and can you suggest any ways to get the allocation?
Hi
The allotment is done on lottery basis, there are so many retailers are not getting allotment, there is no bank or app is a issue, you can apply via the same method and keep applying. you will get the allotment in future.
you should apply from multiple apps only one application is accepted for one pan card . you can bid for more than one bids in single application . your application will be rejected if you apply for more than one .
apply with multiple account
try to apply with the senior citizen demat account , will get change more, my personal preference .
Hi
You can apply via your demat account, there is no category of senior citizen.