
Capital Goods · NSE / BSE
Incorporated in February 2009, Gala Precision Engineering Limited manufactures high-precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), serving OEMs across sectors including electrical, off-highway equipment, infrastructure, automotive, and railways. With a strong global presence, the company supplies over 175 customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Gala Precision operates two manufacturing facilities in Wada, Palghar, Maharashtra, and is expanding through a new plant at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, dedicated to high-tensile fasteners and new products such as bolts. As of June 30, 2024, the company employs 294 permanent staff across manufacturing, logistics, quality assurance, tool room development, and HR, supported by an additional 390 contract employees.
Price Band
₹503 – ₹529
Issue Size
₹168 Cr
Lot Size
28 shares
GMP
+46.3%
Est. Listing
₹774
at current GMP
Subscribed
201.41x
overall
Open
2 Sep 2024
Close
4 Sep 2024
Allotment
5 Sep 2024
Refund
6 Sep 2024
Demat Credit
7 Sep 2024
Listing
9 Sep 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
5 Sep 2024
Basis finalization
Refunds Initiate
6 Sep 2024
Mandate release
Demat Credit
7 Sep 2024
Shares in demat
Listing Debut
9 Sep 2024
Trading begins
GALA PRECISION ENGINEERING LIMITED is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹167.93 Crores. The shares are offered at a price band of ₹503 to ₹529 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 28 shares (approx. ₹14,812 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-07, while un-allotted funds or UPI block mandates will be released on 2024-09-06.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.