Gala Precision Engineering Limited is a Thane-based precision component and tool manufacturing company. It manufactures precision components such as strip springs, coil and spiral springs, and special fastening solutions. The company has planned to raise ₹167.93 crore through the public issue. which is going to be open on September 2, 2024 and close on September 4, 2024. The share allotment date is September 5, 2024 and the listing date is September 9, 2024.
Gala Precision Engineering IPO is a fresh and book-built issue initial public offering (IPO), with a total fresh issue size of ₹167.93 crore for 31.74 lakh shares. Whereas the fresh issue is ₹135.34 crore for 25.58 lakh shares and the offer for sale is ₹32.59 crore for 6.16 lakh shares. The price band of the Gala Precision Engineering IPO is set at ₹503 to ₹529 per share and it will be listed on NSE and BSE Limited.
Table of Contents
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Gala Precision Engineering Limited IPO.
Gala Precision Engineering IPO Details
| IPO Date | September 2, 2024 to September 4, 2024 |
| Listing Date | Monday, September 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹503 to ₹529 per share |
| Lot Size | 28 Shares |
| Total Issue Size | ₹167.93 crore for 31,74,416 shares |
| Fresh Issue | ₹135.34 crore for 25,58,416 shares |
| Offer for Sale | ₹32.59 crore for 6,16,000 shares |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE, NSE |
| Subscription Rate | 10.78x Oversubscribed |
| QIB Shares Offered | 50% of the Net Offer |
| NIIs Shares Offered | 15% of the Net Offer |
| Retail Shares Offered | 35% of the Net Offer |
Gala Precision Engineering Limited IPO Important Dates
The opening date of the JGala Precision Engineering IPO is September 2, 2024 and the closing date is September 4, 2024. The basic allotment date of the Gala Precision Engineering Limited IPO is September 5, 2024 and the listing date is September 9, 2024.
All the important dates regarding the Gala Precision Engineering Ltd. IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Monday, September 2, 2024 |
| IPO Close Date | Wednesday, September 4, 2024 |
| Basis of Allotment | Thursday, September 5, 2024 |
| Initiation of Refunds | Friday, September 6, 2024 |
| Credit of Shares to Demat | Friday, September 6, 2024 |
| Listing Date | Monday, September 9, 2024 |
Gala Precision Engineering IPO Lot Size
Gala Precision Engineering Limited IPO offers a minimum of 28 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 14 lots and a maximum of 67 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,812 |
| Retail (Max) | 13 | 364 | ₹192,556 |
| S-HNI (Min) | 14 | 392 | ₹207,368 |
| S-HNI (Max) | 67 | 1,876 | ₹992,404 |
| B-HNI (Min) | 68 | 1,904 | ₹1,007,216 |
Gala Precision Engineering IPO Offered Quota
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NIIs Shares Offered | Not less than 15% of the Net Issue |
Gala Precision Engineering Limited IPO Promoter Holdings
| Share Holding Pre-Issue | 74.56% |
| Share Holding Post Issue | 0% |
About Gala Precision Engineering Limited
Gala Precision Engineering Limited is a Thane-based precision component and tool manufacturing company. It manufactures precision components such as strip springs, coil and spiral springs, and special fastening solutions. Gala Precision Engineering Ltd. was incorporated on February 2009. The promoters of the company are Kirit Vishanji Gala and Smeet Kirit Gala.
The company’s revenue grew by 22.34% but profit after tax is ₹24.21 crore and debts reduced by 6.09%, from ₹58.6 crore to ₹55.03 crore in FY2024.
Gala Precision Engineering Limited Financial Reports
Here are the changes from FY2023 to FY2024 of Gala Precision Engineering Limited:
- Assets increased by 10.74%, from ₹170.39 crore to ₹188.69 crore.
- Revenue grew by 22.34%, from ₹167.08 crore to ₹204.38 crore.
- Profit After Tax decreased by 7.76%, from ₹24.21 crore to ₹22.33 crore.
- Total debts reduced by 6.09%, from ₹58.6 crore to ₹55.03 crore.
| Metric | 31 Mar 2024 | 31 Mar 2023 | Change (%) |
|---|---|---|---|
| Assets | ₹188.69 crore | ₹170.39 crore | +10.74% |
| Revenue | ₹204.38 crore | ₹167.08 crore | +22.34% |
| Profit After Tax | ₹22.33 crore | ₹24.21 crore | -7.76% |
| Total Debts | ₹55.03 crore | ₹58.6 crore | -6.09% |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 19.91% |
| Debt/Equity | 0.53 |
| RoNW | 21.38% |
| P/BV | 5.12 |
| PAT Margin (%) | 11.89 |
Gala Precision Engineering Limited Contact Details
A-801, 8th Floor
Thane One DIL Complex, Ghodbunder Road Majiwade,
Thane West, PIN-400610
Phone: +91 22-6930 9224
Email: [email protected]
FAQs
1. What is the GMP price of the Gala Precision Engineering IPO Limited IPO?
The current GMP price of the Gala Precision Engineering Limited IPO is ₹240.
2. On which exchange will the Gala Precision Engineering IPO be listed?
Gala Precision Engineering IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Gala Precision Engineering Ltd. IPO?
The allotment date of the Gala Precision Engineering Limited IPO is September 5, 2024.
4. What are the opening and closing dates of the Gala Precision Engineering IPO?
Gala Precision Engineering IPO will open on September 2, 2024 & close on September 4, 2024.
5. When is the listing date for the Gala Precision Engineering Limited IPO?
Gala Precision Engineering IPO’s listing date is September 9, 2024.
6. What is Gala Precision Engineering IPO?
Gala Precision Engineering IPO that opens on September 2, 2024, and closes on September 4, 2024. It will be listed on Monday, September 9, 2024, at NSE and BSE.
7. How to apply for the Gala Precision Engineering IPO?
You can easily apply this IPO with your Demat account & Internet banking.
Conclusion
Gala Precision Engineering Limited is a Thane-based precision component and tool manufacturing company. The company’s revenue grew by 22.34% but profit after tax is ₹24.21 crore and debts reduced by 6.09%, from ₹58.6 crore to ₹55.03 crore in FY2024. Which shows a significant good for investors.
To get more information and regular updates on the Gala Precision Engineering Limited IPO, keep in touch with The Invest Advisory.