GALA PRECISION ENGINEERING LIMITED
ListedMainboardCapital 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
₹245
+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
Last updated 12 days ago
Overall Subscription
201.41x
Total Demand
QIB Multiplier
232.54x
Institutions & Funds
NII / HNI
414.62x
High Net-Worth
Retail (RII)
91.95x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 633,724 | 147,366,856 | 232.54x |
| NIB | 475,293 | 197,065,120 | 414.62x |
| HNIs(10L +) | 316,862 | 139,313,916 | 439.67x |
| HNIs (2-10L) | 158,431 | 57,751,204 | 364.52x |
| RETAIL | 1,109,017 | 101,972,836 | 91.95x |
| EMPLOYEES | 5,796 | 1,501,192 | 259.00x |
| Total | 2,699,123 | 644,971,124 | 201.41x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs(10L +) | 810 | 69,513 | 85.82x |
| HNIs (2-10L) | 405 | 140,123 | 345.98x |
| RETAIL | 39,680 | 3,196,431 | 80.56x |
| Total Applications | 40,895 | 3,406,067 | 83.29x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About GALA PRECISION ENGINEERING LIMITED Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is GALA PRECISION ENGINEERING LIMITED IPO GMP today?
The latest Grey Market Premium (GMP) for GALA PRECISION ENGINEERING LIMITED IPO is ₹245 per equity share. Based on the upper price band of ₹503 to ₹529 per equity share, the estimated listing price is ₹774 (+46.3% expected listing gain).
What is the expected profit per lot for GALA PRECISION ENGINEERING LIMITED IPO?
With a lot size of 28 shares and current GMP of ₹245, the expected profit per application lot is approx ₹6,860 (+46.3% gain). Minimum application cost is approx ₹14,812.
What is the issue size and price band for GALA PRECISION ENGINEERING LIMITED IPO?
The GALA PRECISION ENGINEERING LIMITED IPO aggregate issue size is ₹167.93 Crores with an equity price band set at ₹503 to ₹529 per equity share. The retail lot size is 28 shares requiring a minimum capital outlay of approx. ₹14,812.
How can I check GALA PRECISION ENGINEERING LIMITED IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 201.41x (Retail: 91.95x, QIB: 232.54x, NII: 414.62x). You can track live multiples directly on our dedicated subscription page.
Where and when will GALA PRECISION ENGINEERING LIMITED IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-09-05. Investors can verify status using PAN card or application number.
When is the listing date for GALA PRECISION ENGINEERING LIMITED IPO?
GALA PRECISION ENGINEERING LIMITED shares are scheduled to list on NSE and BSE on 2024-09-09.