Gala Precision Engineering IPO GMP Today, Gala Precision Engineering IPO Grey Market Premium Updates |
Gala Precision Engineering IPO, Latest target, Opening gain
Gala Precision Engineering IPO began on 02 September 2024. It will close on 04 September 2024. The Total IPO Size is ₹167.93 Crore Approx. The company set its IPO price is ₹503 to ₹529 per share Per Share. There are three basic categories in Gala Precision Engineering IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
The company’s business primarily comprises of two divisions:
(i) the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS,
(ii) SFS, producing anchor bolts, studs, and nuts.
As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland.
As of June 30, 2024, the company has 294 permanent employees and 390 contract employees. The permanent workforce includes 182 manufacturing workers, 19 employees for stores and logistics, 19 employees for quality assurance, 14 employees for tool room development and maintenance, and 22 employees for human resources and administration.
Gala Precision Engineering IPO Details:
| Issuer | Gala Precision Engineering IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 02 September, 2024 | |
| Issue Closes: 04 September, 2024 | ||
| Price Brand | ₹503 to ₹529 per share | |
| Issue Size | ₹167.93 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 28 Shares | |
| Retail (Max) | ₹1,92,556 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 3,174,416 shares | |
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Gala Precision Engineering IPO GMP Rates day by day
Gala Precision Engineering IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 28 | 14,812 |
| Retail (Max) | 13 | 364 | 1,92,556 |
| S-HNI (Min) | 14 | 392 | 2,07,368 |
| S-HNI (Max) | 67 | 1,876 | 992,404 |
| B-HNI (Min) | 68 | 1,904 | 1,007,216 |
Gala Precision Engineering IPO Date, Allotment & Listing:
| Gala Precision Engineering IPO Opening Date: | September 02, 2024 |
| Gala Precision Engineering IPO Closing Date: | September 04, 2024 |
| Basis of Allotment: | September 05, 2024 |
| Initiation of Refunds: | September 06, 2024 |
| Credit to Demat Account: | September 06, 2024 |
| Listing Date: | September 09, 2024 |
Gala Precision Engineering Limited Financial Information (Restated)
Gala Precision Engineering Limited’s revenue increased by 22% and profit after tax (PAT) dropped by -8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 188.69 | 170.39 | 145.62 | |||||||||||||||||||||||||||
| Revenue | 204.38 | 167.08 | 147.96 | |||||||||||||||||||||||||||
| Profit After Tax | 22.33 | 24.21 | 6.63 | |||||||||||||||||||||||||||
| Net Worth | 104.45 | 83.66 | 59.32 | |||||||||||||||||||||||||||
| Reserves and Surplus | 94.67 | 81.13 | 56.79 | |||||||||||||||||||||||||||
| Total Borrowing | 55.03 | 58.6 | 56.89 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Gala Precision Engineering IPO is Rs 670.24 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 19.91% |
| Debt/Equity | 0.53 |
| RoNW | 21.38% |
| P/BV | 5.12 |
| PAT Margin (%) | 11.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.09 | 17.63 |
| P/E (x) | 23.95 | 30.01 |
Objects of the Issue (Gala Precision Engineering IPO Objectives)
The company proposes to utilise the Net Proceeds towards funding the following objects:
- 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 ALLOTMENT STATUS
How to Apply for Gala Precision Engineering IPO?
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How to Apply Gala Precision Engineering IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Gala Precision Engineering”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Gala Precision Engineering IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Gala Precision Engineering”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Gala Precision Engineering IPO is a main-board initial public offering of 3,174,416 Equity shares of the face value of ₹10 aggregating up to ₹167.93 Crores. The issue price of the IPO is ₹503 to ₹529 Per Equity Share. The minimum order quantity is 28 Shares per application and the offer type is Book Built Issue. The IPO opens on September 02, 2024 and closes on September 04, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Gala Precision Engineering IPO opens on September 02, 2024 and closes on September 04, 2024.
You can apply in Gala Precision Engineering IPO online using either UPI or ASBA as payment method. Pl Capital Markets Private Limited is the book running lead manager of the Gala Precision Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for Gala Precision Engineering IPO will be done on September 05, 2024, and the allotted shares will be credited to your demat account by September 06, 2024.
Check the Gala Precision Engineering IPO allotment status.
The Gala Precision Engineering IPO listing date is not yet announced. The tentative date of Gala Precision Engineering IPO listing is September 09, 2024.
Gala Precision Engineering lot size is 28 Shares and the minimum order quantity is 1 Shares.