Last updated on September 9, 2024
Gala Precision IPO Description – Gala Precision Engineering is a leading manufacturer of precision components, specializing in technical springs such as disc and strip springs (DSS), including wedge lock washers, as well as coil and spiral springs (CSS), and special fastening solutions (SFS). Gala’s products are used across various sectors, including renewable energy like wind turbines and hydropower plants, industrial sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as mobility segments like automotive and railways.
The company supplies its technical springs and high-tensile fasteners to customers in countries such as Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Its customer base includes global OEMs, Tier 1 suppliers, and channel partners across various sectors, including John Deere India, Faiveley Transport Rail Technologies India (a Wabtec Company), Brembo Brake India, BUFAB India Fasteners, L&T Electrical & Automation Products, Turbo Energy, and more.
As of 31 March 2024, Gala Precision has an annual production capacity of 246.46 million units of springs and washers, along with 0.42 million fasteners for customers in the renewable energy sector. As of 30 June 2024, the company employs 294 permanent employees and 390 contract employees.
Promoters of Gala Precision – Kirit Vishanji Gala, and Smeet Kirit Gala
Table of Contents
Gala Precision IPO Details
| Gala Precision IPO Dates | 2 – 4 September 2024 |
| Gala Precision Issue Price | INR 503 – 529 per share |
| Fresh issue | 25,58,416 shares (INR 135.34 crore) |
| Offer For Sale | 6,16,000 shares (INR 32.59 crore) |
| Total IPO size | 31,74,416 shares (INR 167.93 crore) |
| Minimum bid (lot size) | 28 shares (INR 14,812) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Gala Precision Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 105.37 | 145.28 | 165.47 | 202.55 |
| Expenses | 104.72 | 136.74 | 149.38 | 176.79 |
| Net income | 2.36 | 6.63 | 14.45 | 24.30 |
| Margin (%) | 2.24 | 4.48 | 8.65 | 11.89 |
Gala Precision Offer News
- Gala Precision RHP
- Gala Precision DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Gala Precision Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 6.44 | 14.06 | 24.02 | 19.45 |
| PE Ratio | – | – | – | 25.86 – 27.20 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 11.18 | 17.28 | 23.27 |
| NAV | 58.66 | 82.85 | 103.30 |
| ROCE (%) | 13.85 | 16.07 | 21.15 |
| EBITDA (%) | 15.11 | 17.32 | 19.86 |
| Debt/Equity | 0.05 | 0.69 | 0.51 |
Gala Precision IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 7 September 2024 | 250 | – | 5,200 |
| 6 September 2024 | 270 | – | 5,500 |
| 5 September 2024 | 250 | – | 5,300 |
| 4 September 2024 | 230 | – | 4,900 |
| 3 September 2024 | 250 | – | 5,200 |
| 2 September 2024 | 240 | – | 5,100 |
| 31 August 2024 | 225 | – | 4,600 |
Gala Precision IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up a new facility at Vallam, Tamil Nadu for manufacturing high tensile fasteners and hex bolts – INR 37 crore
- Funding capital expenditure requirements towards the purchase of equipment, plant, and machinery at Wada, Palghar, Maharashtra – INR 11.07 crore
- Repayment/ prepayment of certain borrowings availed by the company – INR 45.43 crore
- General corporate purposes
Gala Precision IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 6,33,724 | 4,75,293 | 11,09,017 | 5,796 | 22,23,830 |
| 4 Sep 2024 | 232.54 | 414.62 | 91.95 | 258.95 | 201.41 |
| 3 Sep 2024 | 5.06 | 132.93 | 44.21 | 117.89 | 52.21 |
| 2 Sep 2024 | 0.86 | 20.72 | 12.17 | 38.33 | 10.84 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Gala Precision – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Gala Precision | – | 23.56 | 28.94 | 82.85 | 167.08 |
| Harsha Engineers | 27.22 | 14.59 | 11.50 | 117.72 | 1,393.81 |
| SKF India | 44.45 | 106.20 | 22.42 | 473.58 | 4,356.79 |
| Sundram Fasteners | 52.08 | 23.54 | 16.59 | 144.39 | 5,707.60 |
| Rolex Rings | 29.59 | 72.74 | 26.66 | 272.83 | 1,198.25 |
| Sterling Tools | 27.76 | 13.29 | 11.96 | 111.16 | 774.88 |
Gala Precision IPO Allotment Status
Gala Precision IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Gala Precision IPO Dates & Listing Performance
| IPO Opening Date | 2 September 2024 |
| IPO Closing Date | 4 September 2024 |
| Finalization of Basis of Allotment | 5 September 2024 |
| Initiation of refunds | 6 September 2024 |
| Transfer of shares to demat accounts | 6 September 2024 |
| Gala Precision IPO Listing Date | 9 September 2024 |
| Opening Price on NSE | INR 721.10 per share (up 36.31%) |
| Closing Price on NSE | INR 757.15 per share (up 43.13%) |
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Gala Precision Offer Lead Manager
Pl Capital Markets Private Limited
3rd Floor, Sadhana House, 570, P. B. Marg,
Worli, Mumbai – 400 018, Maharashtra, India
Phone: +91 22 6632 2222
Email:Â [email protected]
Website: www.plindia.com
Gala Precision Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.co.in
Gala Precision Contact Details
GALA PRECISION ENGINEERING LIMITED
A-801, 8th Floor, Thane One DIL Complex,
Ghodbunder Road Majiwade, Thane (West),
Maharashtra, India, 400610
Phone:Â +91 22-6930 9224
Email: [email protected]
Website: www.galagroup.com
Gala Precision IPO FAQs
How many shares in Gala Precision IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Gala Precision Public Offer?
The best way to apply for Gala Precision public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Gala Precision IPO GMP today?
Gala Precision IPO GMP today is INR 250 per share.
What is Gala Precision kostak rate today?
Gala Precision kostak rate today is INR NA per application.
What is Gala Precision Subject to Sauda rate today?
Gala Precision Subject to Sauda rate today is INR 5,200 per application.
