Gala Precision Engineering IPO
Gala Precision Engineering IPO is listed on BSE and NSE, priced at ₹503–₹529 per share. The stock debuted at ₹721.1, delivering a listing gain of 36.3%. The IPO had a lot size of ₹28 shares and a minimum investment of ₹14,812.
Gala Precision Engineering Limited IPO
- IPO Dates
- Sep 2, 2024 – Sep 4, 2024
- Price band
- ₹503-529 per equity share
- Minimum Investment
- ₹14,812
- Issue size
- ₹167.93 Cr
- Lot size
- 28
- Allotment Date
- Sep 5, 2024
- Listing
- Sep 9, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 2, 2024
Open Date
Completed
-
Sep 4, 2024
Close Date
Completed
-
Sep 5, 2024
Allotment Date
Completed
-
Sep 9, 2024
Listing Date
Completed
Price Summary
- Last closing
- 835.60 (57.96%)
- 52 week high
- 980.00
- 52 week low
- 671.20
- Last update
Gala Precision Engineering IPO Essentials
Gala Precision Engineering IPO Details
Gala Precision Engineering IPO is priced at ₹503-529 per share with a total issue size of 167.93 crore. The IPO has a lot size of 28 shares and is listed on BSE and NSE.
- Issue price
- ₹503-529 per equity share
- Lot size
- 28 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹167.93 Cr :
#Fresh Issue : 2,558,416 shares(aggregating up to ₹135.34 Cr) +
#OFS : 616,000 shares of ₹10(aggregating up to ₹32.59 Cr) - Total issue size
- 31,74,416 shares
(aggregating up to ₹167.93 crore) - Fresh issue
- 25,58,416 shares
(aggregating up to ₹135.34 crore) - Offer for sale (OFS)
- 6,16,000 shares
(aggregating up to ₹32.59 crore) - Listing at
- BSE, NSE
- List price
- 721.1(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Pl Capital Markets Private Limited
Market Lot Size
Investors can bid for a minimum of 28 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 28 | ₹14,812 |
| Retail(max) | 13 | 364 | ₹1,92,556 |
Gala Precision Engineering IPO Reservation
Gala Precision Engineering IPO reservation details show category-wise allocation of shares. Out of the total 31,74,416 shares, approximately 19.96% are reserved for QIB, 14.97% for NII, 34.94% for retail investors, 0.18% for employees, and 29.95% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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%) | |
| bHNI > ₹10L | 3,16,862 (9.98%) | 808 |
| sHNI < ₹10L | 1,58,431 (4.99%) | 404 |
| Retail Shares Offered | 11,09,017 (34.94%) | 39,607 |
| Employee Shares Offered | 5,796 (0.18%) | |
| Total Shares Offered | 31,74,416 (100%) |
Gala Precision Engineering IPO Analytics
Gala Precision Engineering IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Gala Precision Engineering IPO Subscription Status
Gala Precision Engineering IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 633,724 |
475,293
316,862
158,431
|
1,109,017 | 2,223,830 |
|
Day 1
02-09-24 05:00 PM
|
0.86 x |
20.52x
16.13x
29.30x
|
11.99 x | 10.71 x |
|
Day 2
03-09-24 05:00 PM
|
5.06 x |
132.93x
128.28x
142.24x
|
44.21 x | 52.21 x |
|
Day 3
04-09-24 05:00 PM
|
232.54 x |
414.60x
439.67x
364.47x
|
91.91 x | 201.39 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 34,44,648 (Approx) | —x | —x | 80.56x |
Gala Precision Engineering Valuations
Earnings
- EPS Pre IPO
- ₹22.09/-
- EPS Post IPO
- ₹17.63/-
- P/E Pre IPO
- 23.95
- P/E Post IPO
- 30.01
Returns
- ROE
- 23.59%
- ROCE
- 19.91%
- RoNW
- 21.38%
- PAT Margin
- 11.89
Fundamentals
- Debt / Equity
- 0.53
- Price / Book
- 5.12
Gala Precision Engineering Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 94.67 | 81.13 | 56.79 |
| Total Borrowing | 55.03 | 58.6 | 56.89 |
Gala Precision Engineering Company & Offer Insights
About Gala Precision Engineering
Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs).
The company's products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway.
The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs.
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.
The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high tensile fasteners to expand the product portfolio with new products like bolts.
Gala Precision Engineering Promoter(s)
Kirit Vishanji Gala, Kirit Vishanji Gala are the company's promoters of Gala Precision Engineering.
Gala Precision Engineering IPO Issue Objectives
- •
- 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
- •
- General corporate purposes.
Gala Precision Engineering IPO - Anchor Investors
Gala Precision Engineering mops up over Rs 50 cr from anchor investors.
Negen Undiscovered Value Fund is the biggest investor amongst them, buying 2.88 lakh shares worth Rs 15.28 crore.
Other seven institutional investors - NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, India Emerging Giants Fund, Finavenue Growth Fund, Chhatisgarh Investments, Gagandeep Credit Capital, and Resonance Opportunities Fund - bought 94,528 equity shares each, which are worth little more than Rs 5 crore each
Gala Precision Engineering IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Gala Precision Engineering Limited | 24.37 | 24.02 | 103.3 | N/A | 23.27 | N/A | Consolidated |
| Harsha Engineers International Ltd | 12.24 | 12.24 | 129.09 | 44.33 | 9.48 | 4.2 | Consolidated |
| Skf India Ltd | 111.6 | 111.6 | 542.63 | 48.5 | 20.57 | 9.99 | Consolidated |
| Sundram Fasteners Ltd. | 24.83 | 24.83 | 162.81 | 54.49 | 15.37 | 8.35 | Consolidated |
| Rolex Rings Limited | 57.3 | 57.3 | 329.81 | 40.83 | 17.37 | 7.11 | Standalone |
| Sterling Tools Ltd. | 15.37 | 15.35 | 124.11 | 24.7 | 12.38 | 3.06 | Consolidated |
| Ratnaveer Precision Engineering Ltd | 7.61 | 7.61 | 51.78 | 24.69 | 12.32 | 3.67 | Standalone |
Notes:
- The total number of Equity Shares outstanding for the Company is taken after the issue of bonus Equity Shares on September 27, 2023.
- RONW for peers is computed as net profit as a percentage of Net Worth at the end of the Fiscal year 2024.
- RONW for the Company is computed as Net Profit with exceptional items or without exceptional items as applicable, as a percentage of Net Worth at the end of the Fiscal year 2024.
- Concerning the Company, the information above is based on the Restated Financial Statements for the year ended March 31, 2024.
- Financial information for listed industry peers mentioned above is for the twelve months ended March 31, 2024, and is based on the respective annual reports disclosed by these companies to the stock exchanges.
- Diluted EPS refers to the diluted earnings per share sourced from the audited financial statements of March 2024 of the respective company.
- NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares.
- The P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE) on August 09, 2024, divided by the Diluted EPS.
- Rolex Rings Limited and Ratnaveer Precision Engineering Limited do not have any subsidiary and hence financial information for this company is referred to as 'Standalone'
Gala Precision Engineering IPO - Strengths and Risks
Gala Precision Engineering IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Gala Precision Engineering
+91 22-6930 9224
investor.relations@galagroup.com
A-801, 8th Floor, Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West)-400610
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Gala Precision Engineering IPO is a book-built IPO worth ₹167.93 crore. The price band is ₹503–₹529 per share. The IPO opens on Sep 2, 2024 and closes on Sep 4, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Gala Precision Engineering IPO is ₹503 to ₹529 per share.
The lot size of Gala Precision Engineering IPO is 28 shares.
The minimum investment for Gala Precision Engineering IPO is approximately ₹14,812 based on the upper price band .
Gala Precision Engineering IPO opens on Sep 2, 2024 and closes on Sep 4, 2024.
The allotment date of Gala Precision Engineering IPO is Sep 5, 2024.
Gala Precision Engineering IPO is expected to be listed on Sep 9, 2024, on BSE and NSE .
Gala Precision Engineering IPO listed on Sep 9, 2024. It was issued at ₹721.1(NSE) and is currently around ₹835.60 as on 14-May-2026 3:30 PM, which is approximately 58.0% versus issue price. The 52-week high is ₹980.00.
Based on listing and post-listing performance, Gala Precision Engineering IPO delivered around 58.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Gala Precision Engineering IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Gala Precision Engineering IPO valuation snapshot: P/E 30.01, EPS ₹17.63/-, P/B 5.12, RoNW 21.38%, and market cap N/A.
To apply for Gala Precision Engineering IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Gala Precision Engineering IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Gala Precision Engineering IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Gala Precision Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gala Precision Engineering IPO allotment status on IPO Ji for quick and easy access.