Gala Precision IPO (Gala Precision Engineering Limited IPO)
Gala Precision IPO open for bidding on 2nd September 2024 and ends on 4th September 2024.
Gala Precision Engineering Limited, founded in 2009, is a prominent player in the precision engineering industry, catering to sectors like automotive, aerospace, and industrial manufacturing. The company is widely recognized for its commitment to innovation and quality, offering a diverse range of products that meet global standards and foster long-term relationships with its clients.
Gala operates from two cutting-edge manufacturing facilities located in Wada District, Palghar, Maharashtra. These facilities are equipped with the technology and expertise to design, develop, and produce a broad array of precision-engineered components. To further enhance its capabilities, Gala is setting up a new facility in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu. This upcoming facility will focus on producing high-tensile fasteners, including bolts, allowing the company to expand its product portfolio.
Gala prioritizes research and development to stay ahead of industry trends and deliver customized solutions that enhance client efficiency. Its strong export presence in Europe, North America, and Asia highlights its commitment to global quality standards.
For more details refer to Gala Precision IPO RHP and Gala Precision IPO Pulse Score
Gala Precision IPO Details
| IPO Date | 2nd September 2024 to 4th September 2024 |
| Listing Date | 9th September 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹503 to ₹529 per share |
| Lot Size | 28 Shares |
| Total Issue Size | 31,74,416 shares (aggregating up to ₹167.93 Cr) |
| Fresh Issue | 25,58,416 shares (aggregating up to ₹135.34 Cr) |
| Offer for Sale | 6,16,000 shares of ₹10 (aggregating up to ₹32.59 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 9,50,586(29.9%) |
| QIB | 6,33,724(20%) |
| NII | 4,75,293(15%) |
| bNII | 3,16,862(10%) |
| sNII | 1,58,431(5%) |
| Retail | 11,09,017(34.9%) |
| Employees | 5,796(0.2%) |
| Total | 31,74,416(100%) |
Gala Precision IPO Timeline
| IPO Open | 2nd September 2024 |
| IPO Close | 4th September 2024 |
| Basis Of Allotment | 5th September 2024 |
| Initiation of Refunds | 6th September 2024 |
| Credit of Shares to Demat | 6th September 2024 |
| Listing Date | 9th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹670.24 Cr | P/E Ratio- Pre IPO | 23.95 |
| RoNW | 21.38% | P/E Ratio- Post IPO | 30.01 |
| RoCE | 19.91% | P/B Ratio | 5.12 |
| Debt to Equity | 0.53 | PAT Margin% | 10.93% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Gala Precision IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of 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.
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