Gala Precision Engineering IPO open date is September 2, 2024 and the IPO will close on September 4, 2024. Gala Precision Engineering is a Book Built Issue. The company to raise around ₹167.93 crores via IPO that comprises fresh issue of ₹135.34 crores and offer for sale up to 616,000 equity shares with face value of ₹10 each..
Gala Precision Engineering IPO price band is ₹503 to ₹529. The retail quota is 35%, QIB is 50%, and HNI is 50%. Gala Precision Engineering IPO to list on NSE and BSE on September 9, 2024. The allotment of Gala Precision Engineering IPO date is September 6, 2024.
The company reported revenue of ₹204.38 crores in 2024 against ₹167.08 crore in 2023. The company reported profit of ₹22.33 crores in 2024 against loss of ₹24.21 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Gala Precision Engineering IPO Details
| IPO Open Date: | September 2, 2024 |
| IPO Close Date: | September 4, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹503 to ₹529 Per Share |
| Issue Size: | Approx ₹167.93 Crores, 3,174,416 Equity Shares |
| Fresh Issue: | Approx ₹135.34 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 ₹14,812 application amount. The retail investors can apply up-to 13 lots with 28 shares or ₹14,812 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 28 | ₹14,812 |
| Retail Maximum | 13 | 364 | ₹192,556 |
| S-HNI Minimum | 14 | 392 | ₹207,368 |
| B-HNI Minimum | 68 | 1,904 | ₹1,007,216 |
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 ₹204.38 crores in 2024 against ₹167.08 crore in 2023. The company reported profit of ₹22.33 crores in 2024 against loss of ₹24.21 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹147.96 | ₹136.74 | ₹6.63 | ₹145.62 |
| 2023 | ₹167.08 | ₹149.38 | ₹24.21 | ₹170.39 |
| 2024 | ₹204.38 | ₹176.79 | ₹22.33 | ₹188.69 |
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): | ₹22.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.38% |
| Net Asset Value (NAV): | ₹103.30 |
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
What is Gala Precision Engineering IPO?
Gala Precision Engineering IPO is a main-board IPO. The company is going to raise ₹167.93 Crores via IPO. The issue is priced at ₹503 to ₹529 pr equity share. The IPO is to be listed on BSE & NSE.
When Gala Precision Engineering IPO will open for subscription?
The IPO is to open on September 2, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 4, 2024.
What is Gala Precision Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Gala Precision Engineering IPO?
You can apply for Gala Precision Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Gala Precision Engineering Issue Size?
Gala Precision Engineering issue size is ₹167.93 crores.
What is Gala Precision Engineering IPO Price Band?
Gala Precision Engineering IPO Price Band is ₹503 to ₹529.
What is Gala Precision Engineering IPO Lot Size?
The minimum bid is 28 Shares with ₹14,812 amount.
What is the Gala Precision Engineering IPO Allotment Date?
Gala Precision Engineering IPO allotment date is September 5, 2024.
What is the Gala Precision Engineering IPO Listing Date?
Gala Precision Engineering IPO listing date is September 9, 2024. The IPO is to list on BSE and NSE.