₹ 14812
₹503- ₹529
28
₹721
36
4 Sep 2024
Download6 Sep 2024
9 Sep 2024
Application Details
Gala Precision Engineering's IPO is set to take place from September 2, 2024, to September 4, 2024, with a listing date on September 9, 2024. The IPO is priced between ₹503 and ₹529 per share, with a face value of ₹10 per share. Investors can bid in lots of 28 shares, and the total issue size comprises 3,174,416 shares, aggregating up to ₹167.93 crores. This includes a fresh issue of 2,558,416 shares, raising ₹135.34 crores, and an Offer for Sale (OFS) of 616,000 shares, totalling ₹32.59 crores.
The IPO will open on Monday, September 2, 2024, and close on Wednesday, September 4, 2024. The basis of allotment will be determined on Thursday, September 5, 2024, with refunds initiated on Friday, September 6, 2024, and the credit of shares to Demat accounts also scheduled for the same day. The minimum application for retail investors is one lot, which amounts to 28 shares at a cost of ₹14,812, while the maximum application is 13 lots, totalling 364 shares and amounting to ₹1,92,556.
About Gala Precision Engineering Limited
Company Overview
Gala Precision Engineering Limited, incorporated in February 2009, is a prominent manufacturer of precision components, including disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company serves original equipment manufacturers (OEMs), Tier 1 players, and channel partners across various sectors such as electrical, off-highway equipment, infrastructure, and general engineering, with a strong presence in mobility segments like automotive and railway.
Manufacturing Capabilities
Gala operates from two manufacturing facilities in Wada District, Palghar, Maharashtra, certified by ISO 9001:2015 and IATF16949 standards. These facilities have an annual production capacity of 246.46 million units of springs and washers and 0.42 million fasteners. The company is expanding its production capabilities by establishing a new manufacturing facility in SIPCOT, Sriperumbudur, Tamil Nadu, dedicated to producing high-tensile fasteners and bolts. This expansion reflects Gala’s commitment to enhancing its product portfolio and meeting the growing demand for precision components.
Product Offerings and Innovation
The company’s Springs Technology Division focuses on manufacturing DSS, including Wedge Lock Washers (WLW) and CSS. The SFS division produces anchor bolts, studs, and nuts. Over the last five years, Gala has developed more than 200 products in the technical springs and high-tensile fasteners categories, delivering over 750 stock-keeping units to meet diverse customer requirements. The company emphasizes lean manufacturing and automation to improve productivity and reduce errors, ensuring high-quality output that meets global standards like German DIN.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.