Gala Precision Engineering IPO began on 02 September 2024. It will close on 04 September 2024. The Total IPO Size is ₹167.93 Crore Approx. The company set its IPO price is ₹503 to ₹529 per share Per Share. Incorporated in February 2009, 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 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 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.
Gala Precision Engineering IPO Details
| IPO Issue Opening Date | 2nd Sep 2024 |
| IPO Issue Closing Date | 4th Sep 2024 |
| IPO Issue Price | ₹503.00-529.00 Per Share |
| IPO Listing At | BSE, NSE |
| 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% |
Gala Precision Engineering IPO dates
| 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 |
Gala Precision Engineering IPO Lots
| 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 |
Key Risks
1. The top 10 customers contribute to 47.48% of revenue; loss of any key customers may adversely affect the business, results of operations, and financial condition.
2. The company does not have any exclusivity arrangements with the customers and with the suppliers.
3. Any downturn or lack of demand for the company’s spring technology products, which contribute to 80.11% of revenue, could have an adverse impact on its business operations.
4. The company is involved in a patent infringement suit, and an adverse outcome in this proceeding may adversely affect its growth strategy.
