Gala Precision was Incorporated in February 2009, Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs).
The company’s products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway.
The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs.
The company’s business primarily comprises of two divisions:
- The Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS,
- SFS, producing anchor bolts, studs, and nuts.
As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland.
The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high-tensile fasteners to expand the product portfolio with new products like bolts.
Gala Precision Engineering Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 02 Sep 2024 |
| IPO Close Date | 04 Sep 2024 |
| Allotment Date | 05 Sep 2024 |
| IPO Listing Date | 09 Sep 2024 |
Gala Precision Engineering Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 503 to Rs. 529 Per Equity Share |
| Market Lot | 28 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 168 Crore. |
Gala Precision Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 28 | Rs. 14812 |
| Maximum | 13 | 364 | Rs. 192556 |
| Small HNI (Minimum) | 14 | 392 | Rs. 207368 |
| Big HNI (Minimum) | 68 | 1904 | Rs. 1007216 |
Gala Precision Engineering Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 188.69 | 170.39 | 145.62 |
| Total Revenue | 204.38 | 167.08 | 147.96 |
| Profit After Tax | 22.33 | 24.21 | 6.63 |
Company Promoters:
The promoters of the company are Kirit Vishanji Gala and Smeet Kirit Gala.
Objects of this Issue:
- 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 purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra.
- Repayment/ prepayment, in full or part, of certain borrowings availed by the company.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Gala Precision Engineering Limited A-801, 8th Floor Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West)-400610 Phone: +91 22-6930 9224 Email: investor.relations@galagroup.com Website: https://www.galagroup.com | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: galaprecision.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
