GALA PRECISION ENGINEERING LIMITED
Bookbuilding IPO · NSE, BSE
- Price band
- ₹503 - ₹529
- Lot size
- 28 shares
- Issue amount
- ₹167.93 cr
- Total subscription
- 201.41×
- Opens
- 2 Sept 2024
- Closes
- 4 Sept 2024
- Allotment
- 5 Sept 2024
- Listing
- 9 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 31,74,416 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,084
- Fresh issue
- ₹135.34 cr
- Offer for sale
- ₹32.59 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,812
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,01,11,584
- Shares after issue
- 1,26,70,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 28 | ₹14,812 |
| sHNI | 14 | 392 | ₹2,07,368 |
| bHNI | 68 | 1,904 | ₹10,07,216 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 810 | 69,513 |
| HNIs (2-10L) | 405 | 1,40,123 |
| RETAIL | 39,680 | 31,96,431 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 33.52 | 7,795.71 |
| RETAIL | 58.67 | 5,394.36 |
| NIB | 25.14 | 10,424.74 |
| HNIs 2+ | 8.38 | 3,055.04 |
| HNIs 10+ | 16.76 | 7,369.71 |
| EMPLOYEES | 0.31 | 79.41 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 21.77 | 23.56 | 6.44 |
| ROE | 23.27 | 17.28 | 11.18 |
| ROCE | 19.91 | 22.93 | 13.85 |
| RONW | 21.38 | 28.94 | 11.18 |
| PRE IPO(PE) | 23.95 | 0 | 0 |
| POST IPO(PE) | 30.01 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Wide Range of Products: The company provides a variety of precision engineering solutions across different industries, meeting diverse customer needs with ease.
- Strong Customer Relationships: With 15+ years of experience, the company has built long-lasting partnerships with both Indian and global OEMs and Tier 1 customers, earning their trust and reliability.
- Modern Manufacturing Facilities: The company operates advanced manufacturing units with in-house design capabilities, offering flexible, scalable, and all-in-one solutions to support its growth and market competitiveness.
Risk factors
- Customer Dependency: The company depends heavily on a few key customers, so losing any of them or facing a big drop in their demand could seriously hurt its business and profits.
- Legal Risk: The company is facing a patent infringement lawsuit, which could lead to financial losses and disrupt its business plans and future growth.
- No Exclusive Agreements: Without exclusive contracts with customers and suppliers, the company could face tough competition and supply chain issues, which may affect its market position and smooth operations
Promoters
Kirit Vishanji Gala
Kirit Vishanji Gala
Registrar & documents
Lead manager
PL Capital Markets Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-801, 8th Floor, Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West)-400610
+91 22-6930 9224
[email protected]Company website ↗Understanding GALAPREC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.