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IPO Status: Listed [2nd Sep 2024 to 4th Sep 2024]
Gala Precision Engineering IPO, a Mainline IPO of ₹167.93 Cr was launced on 02-09-2024 to 04-09-2024 and the shares got listed on BSE, NSE on 09-09-2024.
The public issue of Gala Precision Engineering IPO (GALAPREC,544244) was offered at ₹529.00 per share and the ipo was listed at ₹721.10. It has delivered listing gain of 36.31%.
As the minimum lot size was 28 shares, the IPO has offered Rs 5378.80 per lot return on listing.
| IPO Issue Opening Date: | 2nd Sep 2024 |
| IPO Issue Closing Date: | 4th Sep 2024 |
| IPO Issue Price: | ₹503.00-529.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.03% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹167.93 Cr |
| Offer for Sale: | ₹32.59 Cr |
| Fresh Issue: | ₹135.34 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 74.56% |
| Promoter Holding Post IPO: | 55.4% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544244 |
| NSE Code: | GALAPREC |
Get important updates regarding Gala Precision Engineering IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Sep 2024 |
| Refunds Initiation* | 6th Sep 2024 |
| Credit of Shares to Demat* | 6th Sep 2024 |
| IPO Listing Date* | 9th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹503.00-529.00 |
| Market Lot: | 28 Shares |
| 1 Lot Amount: | ₹14812 |
| Min Small HNI Lots(2-10 Lakh): | 392 shares (14 lots) - ₹207368 |
| Min Big HNI Lots(10+ Lakh): | 1904 shares (68 lots) - ₹1007216 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 09-09-2024 | 529.00 | 245 | 5200/72800 | ₹774 (46.31%) | 9-Sep-2024 10:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Gala Precision Engineering Limited was established in February 2009 and is a manufacturer of engineered springs such as disc and strip springs (“DSS”), including wedge lock washers, coil and helical springs (“CSS”) and specialty fastening solutions (“SFS”) supplied to original equipment manufacturers (“OEMs”), Tier 1 and distributors and are used in sectors such as renewable energy, including wind and hydropower, various industrial sectors such as electrical, off-highway equipment, infrastructure and general engineering, and mobility segments such as automotive and rail transportation
The Company's business primarily comprises :
The company focuses on design and development and application engineering and has more than 30 years of experience in developing customised products to meet the evolving needs of its customers. Its design and development capabilities include engineering and precision machining such as the use of wire-cutting machines, CNC lathes and grinders, testing equipment, fatigue testing machines and load testing machines.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Abrasives & Bearings | ₹167.93 Cr | https://www.galagroup.com/ |
The company proposes to utilise the Net Proceeds towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 633,724 (28.5%) | 475,293 (21.37%) | 1,109,017 (49.87%) | 5,796 | 2,223,830 | |
| 1 | 2nd Sep 2024 19:04 | 0.86x | 20.80x | 12.36x | 38.95x | 10.96x |
| 2 | 3rd Sep 2024 19:04 | 5.06x | 133.09x | 44.55x | 119.92x | 52.41x |
| 3 | 4th Sep 2024 18:21 | 232.54x | 414.62x | 91.95x | 258.95x | 201.41x |
Gala Precision Engineering Limited's revenue increased by 22% and profit after tax (PAT) dropped by -8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 94.67 | 81.13 | 56.79 | |||||||||||||||||||||||||||
| Total Borrowing | 55.03 | 58.6 | 56.89 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Gala Precision Engineering Limited | 24.37 | 24.02 | 103.3 | 23.27 | Consolidated | |
| Harsha Engineers International Ltd | 12.24 | 12.24 | 129.09 | 44.33 | 9.48 | Consolidated |
| Skf India Ltd | 111.6 | 111.6 | 542.63 | 48.5 | 20.57 | Consolidated |
| Sundram Fasteners Ltd. | 24.83 | 24.83 | 162.81 | 54.49 | 15.37 | Consolidated |
| Rolex Rings Limited | 57.3 | 57.3 | 329.81 | 40.83 | 17.37 | Standalone |
| Sterling Tools Ltd. | 15.37 | 15.35 | 124.11 | 24.7 | 12.38 | Consolidated |
| Ratnaveer Precision Engineering Ltd | 7.61 | 7.61 | 51.78 | 24.69 | 12.32 | Standalone |
Last Updated on 13-Sep-2024 07:03:20
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Gala Precision Engineering IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Gala Precision Engineering IPO with Zerodha.
Alternate approch to apply in Gala Precision Engineering IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Gala Precision Engineering IPO Review and Important Updates
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To subscribe or apply in Gala Precision Engineering IPO, you can use the following methods:
| Gala Precision Engineering IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Gala Precision Engineering IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Gala Precision Engineering IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Gala Precision Engineering IPO. Most of the Syndicate Banks provide access to apply in Gala Precision Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in Gala Precision Engineering IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Gala Precision Engineering IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Gala Precision Engineering IPO Review and Important Updates
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Applying in Gala Precision Engineering IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Gala Precision Engineering IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Gala Precision Engineering IPO, please refer article >> Link
Gala Precision Engineering IPO Review and Important Updates
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Gala Precision Engineering IPO is going to be list on 09-09-2024. NSE Code for Gala Precision Engineering is GALAPREC. BSE Code for Gala Precision Engineering is 544244.
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When Gala Precision Engineering IPO will be listing? Gala Precision Engineering IPO NSE listing date?Gala Precision Engineering IPO date of listing.Gala Precision Engineering IPO BSE listing date?
Gala Precision Engineering IPO Allotment Date is 05-09-2024.
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