IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
26,20,616 Equity Shares
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |About Gala Precision Engineering Limited
Incorporated in 2009, Gala Precision Engineering Limited is one of the leading precision component manufacturers of technical springs like disc & strip springs (DSS). This includes wedge lock washers, coil & spiral springs (CSS) and special fastening solutions (SFS) supplied to the original equipment manufacturers (OEMs), Tier 1 and channel partners.
The company’s business primarily comprises (i) the springs technology division, under which we manufacture DSS, including wedge lock washers (WLW), CSS and (ii) SFS, in which we manufacture anchor bolts, studs and nuts.
During CY23, the global DSS & WLW market was valued at ~US$ 891 million and is projected to grow at a CAGR of 6.1% during CY23-26. The Indian DSS & WLW market is showing a similar growth trajectory and is expected to register a CAGR of 6.6% during FY24-27, with the market value in FY24 being ~US$ 115 million.
Gala Precision Engineering Limited IPO Details
Gala Precision Engineering Limited IPO Dates
Gala Precision Engineering Limited IPO is a mix of fresh issue and an offer for sale. Gala Precision Engineering Limited’s IPO will be listed on the BSE and NSE. It is a book-built issue IPO.
Gala Precision Engineering Limited IPO Price Band
The price range of the IPO has not been fixed yet.
Gala Precision Engineering Limited IPO Lot Size
The lot size of the IPO has not been fixed yet.
Gala Precision Engineering Limited IPO Objectives
The objectives of Gala Precision Engineering Limited IPO are listed below:
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu to manufacture high tensile fasteners and hex bolts.
- Funding capital expenditure towards the installation of additional machinery.
- Repayment/ prepayment, in full or part, of certain borrowings.
- General corporate purposes.
Peer Details
As per DRHP, the company has 5 listed peers, which are mentioned below:
- Harsha Engineers International Limited.
- SKF India Limited.
- Sundram Fasteners Limited.
- Rolex Rings Limited.
- Sterling Tools Limited.
How To Check the Allotment Status of the Gala Precision Engineering Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Gala Precision Engineering Limited
Registered office: A-801, 8th Floor, Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West), Maharashtra, India, 400610
Phone: +91 22-6930 9224
E-mail: investor.relations@galagroup.com
IPO Financials
| Particulars | Period Ended on September 30, 2023 | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 966.53 | 1,670.82 | 1,479.63 | 1,068.56 |
| Profit After Tax (PAT) | 95.97 | 242.12 | 66.31 | 23.55 |
| Assets | 1,812.12 | 1,703.86 | 1,456.17 | 1,343.10 |
| Net Worth | 927.94 | 836.55 | 593.16 | 530.08 |
| Total Borrowings | 581.96 | 585.98 | 568.92 | 589.55 |
Know before investing
Strengths
2-
The company is a well-established manufacturer of precision engineering solutions with a diverse product portfolio for multiple user industries.
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The company is focused on leveraging in-house design and development capabilities to grow its product offerings and capitalise on future trends.
Risks
2-
The company’s business could be impacted by the loss of any of its key customers or a significant reduction in production and sales of, or demand for its production from its significant customers, which may adversely affect its business, results of operations and financial condition.
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The company is involved in certain legal proceedings, and an adverse outcome in any such proceedings may adversely affect its business, financial condition and growth strategy.
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Gala Precision Engineering Limited IPO FAQs
Gala Precision Engineering Limited IPO is a mix of fresh issue and an offer for sale.
The Basis of Allotment date has not been announced yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has not been announced yet.
Gala Precision Engineering Limited IPO will be listed on BSE and NSE.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
