Gala Precision Engineering Limited IPO GMP

Gala Precision Engineering specializes in design and manufacturing of precision components like High Tensile Fasteners, Disc & Strip Springs, Coil & Spiral Springs, and Wedge Lock Washers. Their primary clientele consists of major OEMs, Tier-1 & Channel Partners, spanning diverse industries including Renewable Energy, Industrial and Mobility. 

Gala Precision, an Book Built Issue amounting to ₹167.92 crores, consisting an Fresh Issue of 2.55 Lakh Shares worth ₹135.34 Crores and an Offer for Sale of 0.61 Lakh Shares totaling to ₹32.58 Crores. The subscription period for the Gala Precision IPO opens on September 02, 2024, and closes on September 04, 2024. The allotment is expected to be finalized on or about Thursday, September 05, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Friday, September 09, 2024.

The Share price band of Gala Precision IPO is set at ₹503 to ₹529 equity per share, with a minimum lot size of 28 shares. Retail investors are required to invest a minimum of ₹14,812, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (392 shares), amounting to ₹207,368.

PL Capital Markets Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. 

Gala Precision Engineering Limited IPO GMP Today
The Grey Market Premium of Gala Precision Engineering Limited IPO is expected in the range of ₹250 to ₹270 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Gala Precision Engineering Limited IPO Live Subscription Status Today
As of 05:55 PM on 04 September 2024, the Gala Precision Engineering Limited IPO live subscription status shows that the IPO subscribed 117.58 times on its Last day of subscription period. Check the Gala Precision Engineering Limited IPO Live Subscription Status Today at BSE.

Gala Precision Engineering Limited IPO Allotment Status
Gala Precision IPO allotment date is 5th September, 2024, Thursday. Gala Precision Engineering IPO Allotment will be out on 5th September 2024 and will be live on Registrar Website from the allotment date. Check Gala Precision Engineering Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Gala Precision Engineering Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Gala Precision Engineering Limited IPO
Gala Precision Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹370.00 Millions is required to setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts; 
2. ₹110.69 Millions is required for funding capital expenditure towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra; 
3. ₹454.30 Millions is required for repayment/ prepayment, in full or part, of certain borrowings availed by their Company; and 
4. General corporate purposes.

Refer to Gala Precision Engineering Limited RHP for more details about the Company.