As you explore the latest opportunities in the financial market, Gala Precision Engineering is generating buzz as a noteworthy contender among upcoming IPOs to invest in. This debut offers a unique chance for investors looking to diversify their portfolios with fresh prospects.
With the company's innovative approach and growth potential, it's a moment to consider if you're ready to invest in IPOs that could shape the future of the industry. Read this blog to know more about what makes this offering stand out and how it might fit into your investment strategy.
The Gala Precision Engineering IPO is set to be a book-built issue valued at Rs 167.93 crores. This offering includes a fresh issue of 0.26 crore shares, totalling Rs 135.34 crores, along with an offer for the sale of 0.06 crore shares worth Rs 32.59 crores.
Scheduled to open for subscription from September 2 to September 4, 2024, this IPO is drawing attention among upcoming IPOs to invest in. The allotment is expected to be finalised by Thursday, September 5, 2024, with the shares likely to be listed on BSE and NSE on Monday, September 9, 2024. If you're looking to invest in IPO opportunities, this could be a compelling option.
The Gala Precision Engineering IPO has set its price band between ₹503 to ₹529 per share. Amongst the Gala Precision Engineering IPO lot size, Retail investors can participate with a lot size of 28 shares, requiring an investment of ₹14,812.
For non-institutional investors (sNII), the minimum lot size is 14 lots (392 shares) with an investment of ₹207,368, while for big non-institutional investors (bNII), it's 68 lots (1,904 shares), totalling ₹1,007,216.
PL Capital Markets Private Limited is acting as the book-running lead manager for the Gala Precision Engineering IPO, with Link Intime India Private Ltd serving as the registrar.
| Gala Precision Engineering IPO open date | September 2, 2024 (Monday) |
| Gala Precision Engineering IPO close date | September 4, 2024 (Wednesday) |
| Allotment date | September 5, 2024 (Thursday) |
| Refund initiation | Septmeber 6, 2024 (Friday) |
| Crediting shares to DEMAT | September 6, 2024 (Friday) |
| Gala Precision Engineering IPO listing date | September 9, 2024 (Monday) |
| Maximum time for UPI-mandate confirmation | September 4, 2024, by 5 PM |
Founded in February 2009, Gala Precision Engineering Limited specialises in manufacturing precision components like disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), catering to original equipment manufacturers (OEMs). Their products are integral to sectors such as electrical, off-highway equipment, infrastructure, and general engineering, with applications in the automotive and railway industries.
Gala Precision Engineering IPO serves over 175 customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a key player in the global OEM supply chain.
The company operates two manufacturing facilities in Maharashtra, with a new facility in Tamil Nadu focused on high-tensile fasteners. With 294 permanent employees and 390 contract workers, Gala Precision continues to expand its reach and product portfolio.
Gala Precision Engineering Limited saw a 22% increase in revenue between the financial years ending March 31, 2023, and March 31, 2024. However, during the same period, the company experienced an 8% drop in profit after tax (PAT).
Gala Precision Engineering IPO has a market capitalisation of Rs 670.24 crore, reflecting the company's significant market presence. The Gala Precision Engineering Limited IPO GMP is currently ₹240, signalling strong demand for the shares even before their official listing. This positive sentiment indicates strong investor interest in the IPO.
| Period Ended | 31st March 2024 | 31st March 2023 | 31st March 2022 |
| Total Assets | 188.69 | 170.39 | 145.62 |
| Revenue | 204.38 | 167.08 | 147.96 |
| Profit After Tax | 22.33 | 24.21 | 6.63 |
| Net Worth | 104.45 | 83.66 | 59.32 |
| Reserves and Surplus | 94.67 | 81.13 | 56.79 |
| Borrowing | 55.03 | 58.6 | 56.89 |
*Amounts in ₹ Crore
Gala Precision Engineering Limited has carved a niche in manufacturing precision components, particularly in technical springs, positioning itself as a key player in this specialised industry. The company has demonstrated consistent growth in its revenue and profits over recent years, highlighting its strong market presence and operational efficiency.
With the IPO fully priced based on FY24 earnings, it reflects the company's fair valuation in the current market. However, the steady growth trajectory and the company's strategic position in the global supply chain make this IPO an attractive option for investors looking to invest in IPOs of companies with strong fundamentals.
Gala Precision Engineering offers a compelling opportunity for those willing to hold their investments for the medium to long term amid the upcoming IPOs.
Investing in the Gala Precision Engineering IPO could be a strategic move for those looking to tap into a growing company with a specialised focus on precision components. Given its consistent performance and strong positioning in a niche market, this IPO stands out among upcoming IPOs to invest in. For investors seeking long-term growth, this could be a promising addition to your portfolio.
If you're considering expanding your investments, exploring platforms like Ventura could provide the tools and insights needed to make informed decisions when you invest in IPOs and other market opportunities.
The Gala Precision Engineering IPO will open for subscription on September 2, 2024, and close on September 4, 2024.
The finalisation of the Basis of Allotment for the Gala Precision Engineering IPO is scheduled for Thursday, September 5, 2024. The allotted shares are expected to be credited to your demat account by Friday, September 6, 2024.
The Gala Precision Engineering Limited IPO GMP is currently ₹240.
For android only