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Gala Precision Engineering IPO IPO

Mainline2 Sep 20244 Sep 2024
Open
2 Sep 2024
Close
4 Sep 2024
3
Allotment
Listing
Mon, Sep 9, 2024
Price Band
₹503 to ₹529
Issue Size
31,74,416 shares (agg. up to ₹168 Cr)
Lot Size
28 Shares
Listing Date
Mon, Sep 9, 2024
✦ AI Insight

Live Subscription

CategorySubscription (times)
Total145.78x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets188.69170.39145.62
Total Income204.38167.08147.96
Profit After Tax22.3324.216.63
NET Worth104.4583.6659.32
Reserves and Surplus94.6781.1356.79
Total Borrowing55.0358.6056.89
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
DEE Development Engineers Ltd.Mainboard₹418.01 Cr₹20383₹335.32+65.18%₹703.50 (-2.33%)
JNK India Ltd.Mainboard₹649.47 Cr₹41543.32₹694.55+67.36%₹496.85 (-8.78%)
Jyoti CNC Automation Ltd.Mainboard₹1,000.00 Cr₹331433.43₹434.20+31.18%₹799.05 (-0.59%)
Boss Packaging Solutions Ltd.SME₹8.41 Cr₹6620.72₹86.60+31.21%₹33.35 (-4.99%)
Kataria Industries Ltd.SME₹54.57 Cr₹9615.18₹191.50+99.48%₹99.45 (+1.48%)
Prizor Viztech Ltd.SME₹25.15 Cr₹8712.17₹173.55+99.48%₹821.10 (+2.00%)
Energy-Mission Machineries (India) Ltd.SME₹41.15 Cr₹13814.58₹384.25+178.44%₹126.60 (-5.52%)
Faalcon Concepts Ltd.SME₹12.09 Cr₹6216.85₹90.25+45.56%₹40.95 (+2.63%)
Vruddhi Engineering Works Ltd.SME₹4.76 Cr₹7017.13₹74.55+6.50%₹224.25 (+6.76%)
Sona Machinery Ltd.SME₹51.82 Cr₹14318.8₹131.25-8.22%₹32.75 (+0.46%)
Shri Balaji Valve Components Ltd.SME₹21.60 Cr₹1009.33₹199.50+99.50%₹105.00 (+4.63%)
Presstonic Engineering Ltd.SME₹23.30 Cr₹726.28₹147.00+104.17%₹26.00 (+1.17%)
Arrowhead Seperation Engineering Ltd.SME₹13.00 Cr₹23318.09₹237.50+1.93%₹70.00 (+0.00%)
Kalyani Cast Tech Ltd.SME₹30.11 Cr₹1398.67₹277.30+99.50%₹802.65 (+5.00%)
Vinyas Innovative Technologies Ltd.SME₹54.66 Cr₹1658.4₹346.50+110.00%₹1,348.00 (+3.69%)
Sunita Tools Ltd.SME₹22.04 Cr₹14516.88₹147.25+1.55%₹885.15 (+2.00%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Setting up a new facility at Vallam-Vadagal, SIPCOT͕Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts;37.00
2Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;11.07
3Repayment/ prepayment, in full or part, of certain borrowings availed by the Company; and45.43
4General corporate purposes27.91

About Gala Precision Engineering IPO

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: (i) the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS, (ii) 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 cap

Contact Details

Gala Precision Engineering Ltd. AddressA-801, 8th FloorThane One DIL Complex, Ghodbunder Road MajiwadeThane (West)Thane, Maharashtra, 400610+91 22-6930 9224investor.relations@galagroup.comVisit Website