Gala Precision Engineering IPO Details
| IPO Size | 167.93 |
| Price Range | ₹503 - ₹529 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | --- |
| Listing at | NSE and BSE |
| Minimum Quantity | 28 |
| Investment (cut-off price) | ₹14,812 |
| Pre IPO Promotor Holding | 74.56% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Gala Precision Engineering IPO Timelines
02/09/2024
Start Date04/09/2024
End Date06/09/2024
Refund Initiation06/09/2024
Credit of Shares to Demat Ac09/09/2024
Listing DateGala Precision Engineering IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 28 | ₹14,812 |
| Retail Maximum | 13 | 364 | ₹192,556 |
| S-HNI Minimum | 14 | 392 | ₹207,368 |
| B-HNI Minimum | 68 | 1904 | ₹1,007,216 |
Gala Precision Engineering IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 232.54 x | 414.62 x | 91.95 x | -- | 201.41 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹721.10 | ₹757.15 | ₹757.15 | ₹721.10 |
Gala Precision Engineering IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹147.96 | ₹136.74 | ₹6.63 |
| FY 2023 | ₹167.08 | ₹149.38 | ₹24.21 |
| FY 2024 | ₹204.38 | ₹176.79 | ₹22.33 |
About Company
Gala Precision Engineering Limited, established in February 2009, is a leading manufacturer of precision components, including disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). Serving original equipment manufacturers (OEMs), Gala’s products are essential in various sectors such as electrical, off-highway equipment, infrastructure, general engineering, and mobility segments, including automotive and railway industries.
With a global presence, Gala Precision Engineering supplies technical springs and high-tensile fasteners to customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. The company operates through two main divisions: the Springs Technology Division, which produces DSS and Wedge Lock Washers (WLW), and the SFS division, focused on anchor bolts, studs, and nuts.
The company operates two manufacturing facilities in Wada District, Palghar, Maharashtra, and is expanding with a new facility in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu. This expansion will enhance their high-tensile fastener production capabilities.
As of June 30, 2024, Gala Precision Engineering employs 294 permanent and 390 contract workers, ensuring robust operational capacity across its diverse product portfolio.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2009 | Automobile & Ancillaries | Kirit Vishanji Gala |
Know Before Investing
Gala Precision Engineering IPO Strengths
- Extensive global presence, exporting to over 25 countries with 175+ clients.
- Strong market share: 10% in the Indian disc springs market.
- In-house design and development capabilities for 200+ precision products.
- Robust financial growth: 17.53% CAGR in total income (FY22-24).
- Strategic expansion with a new manufacturing facility in Tamil Nadu.
- Long-standing customer relationships, some exceeding 15 years, with OEMs.
Gala Precision Engineering IPO Risks
- Loss of key customers could impact 32.46% of revenue.
- Patent infringement lawsuit threatens ₹94.78 million in revenue.
- High dependency on spring technology for 80.11% of revenue.
- No long-term contracts with suppliers, affecting raw material availability.
- Labour issues could disrupt operations; 294 permanent employees.
- Delays in capital expenditure projects risk expansion plans.
Swot Analysis for Gala Precision Engineering IPO
Strengths
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Opportunities
Threats
Company Details
Gala Precision Engineering Limited
A-801, 8th Floor
Thane One DIL Complex, Ghodbunder Road Majiwade,
Thane (West)-400610
Phone: +91 22-6930 9224
Email: [email protected]
Website: https://www.galagroup.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Gala Precision Engineering IPO are:
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu, for manufacturing high tensile fasteners and hex bolts;
- Funding capital expenditure requirements towards the purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
- Repayment/ prepayment, in full or part, of certain borrowings availed by the Company; and
- General corporate purposes.
PL Capital Markets Private Limited is the book-running lead managers for the Gala Precision Engineering IPO.