| Company Name | Gala Precision Engineering Limited |
| Open Date | 02-09-2024 |
| Close Date | 04-09-2024 |
| Exchange | BSE, NSE |
| Lot Size | 28 Shares |
| Issue Price | ₹503 to ₹529 per share |
| Issue Size | 31,74,416 shares |
| Application Amount | ₹ 14,812 – ₹ 1,92,556 (28 to 364 shares) |
| Recommendation | Apply |
Gala Precision Engineering Limited was originally incorporated on Feb 23, 2009. The registered office is located at Mumbai, Maharashtra. The company is mainly engaged in the manufacturing of technical springs like disc & springs (DSS) including wedge lock washers (WLW), coil & springs (CSS) and special fastening solutions (SFS). The company had 294 permanent employees and 390 contract employees as of June 30, 2024.
| For the Period Ended | Mar-22 | Mar-23 | Mar-24 |
| Revenue | 145.28 | 165.47 | 202.55 |
| EBITDA | 19.67 | 27.32 | 38.76 |
| Net Profit | 6.63 | 24.21 | 21.99 |
| RoCE | 15.03% | 18.64% | 26.36% |
| ROE | 11.18% | 28.94% | 21.06% |
| P/E | 82.14 | 24.09 | 24.08 |
| Opening Date | 02/09/2024 |
| Closing Date | 04-09-2024 |
| Basis of Allotment | 05-09-2024 |
| Initiation of Refunds | 06-09-2024 |
| Credit of Shares to Demat | 06-09-2024 |
| Listing Date | 09-09-2024 |
| 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 Expenses. |
| Registered Office | Gala Precision Engineering Limited A-801, 8th Floor Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West)-400610 |
| Phone | +91 22-6930 9224 |
| investor.relations@galagroup.com | |
| Website | https://www.galagroup.com/ |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| galaprecision.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 74.56% |
| Share Holding Post Issue (Promoters) | 54.64% |