
✓
Open
2 Sep 2024
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Close
4 Sep 2024
3
Allotment
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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
| Category | Subscription (times) |
|---|---|
| Total | 145.78x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 188.69 | 170.39 | 145.62 |
| Total Income | 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 |
| Total Borrowing | 55.03 | 58.60 | 56.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| DEE Development Engineers Ltd. | Mainboard | ₹418.01 Cr | ₹203 | 83 | ₹335.32 | +65.18% | ₹703.50 (-2.33%) |
| JNK India Ltd. | Mainboard | ₹649.47 Cr | ₹415 | 43.32 | ₹694.55 | +67.36% | ₹496.85 (-8.78%) |
| Jyoti CNC Automation Ltd. | Mainboard | ₹1,000.00 Cr | ₹331 | 433.43 | ₹434.20 | +31.18% | ₹799.05 (-0.59%) |
| Boss Packaging Solutions Ltd. | SME | ₹8.41 Cr | ₹66 | 20.72 | ₹86.60 | +31.21% | ₹33.35 (-4.99%) |
| Kataria Industries Ltd. | SME | ₹54.57 Cr | ₹96 | 15.18 | ₹191.50 | +99.48% | ₹99.45 (+1.48%) |
| Prizor Viztech Ltd. | SME | ₹25.15 Cr | ₹87 | 12.17 | ₹173.55 | +99.48% | ₹821.10 (+2.00%) |
| Energy-Mission Machineries (India) Ltd. | SME | ₹41.15 Cr | ₹138 | 14.58 | ₹384.25 | +178.44% | ₹126.60 (-5.52%) |
| Faalcon Concepts Ltd. | SME | ₹12.09 Cr | ₹62 | 16.85 | ₹90.25 | +45.56% | ₹40.95 (+2.63%) |
| Vruddhi Engineering Works Ltd. | SME | ₹4.76 Cr | ₹70 | 17.13 | ₹74.55 | +6.50% | ₹224.25 (+6.76%) |
| Sona Machinery Ltd. | SME | ₹51.82 Cr | ₹143 | 18.8 | ₹131.25 | -8.22% | ₹32.75 (+0.46%) |
| Shri Balaji Valve Components Ltd. | SME | ₹21.60 Cr | ₹100 | 9.33 | ₹199.50 | +99.50% | ₹105.00 (+4.63%) |
| Presstonic Engineering Ltd. | SME | ₹23.30 Cr | ₹72 | 6.28 | ₹147.00 | +104.17% | ₹26.00 (+1.17%) |
| Arrowhead Seperation Engineering Ltd. | SME | ₹13.00 Cr | ₹233 | 18.09 | ₹237.50 | +1.93% | ₹70.00 (+0.00%) |
| Kalyani Cast Tech Ltd. | SME | ₹30.11 Cr | ₹139 | 8.67 | ₹277.30 | +99.50% | ₹802.65 (+5.00%) |
| Vinyas Innovative Technologies Ltd. | SME | ₹54.66 Cr | ₹165 | 8.4 | ₹346.50 | +110.00% | ₹1,348.00 (+3.69%) |
| Sunita Tools Ltd. | SME | ₹22.04 Cr | ₹145 | 16.88 | ₹147.25 | +1.55% | ₹885.15 (+2.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new facility at Vallam-Vadagal, SIPCOT͕Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts; | 37.00 |
| 2 | Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra; | 11.07 |
| 3 | Repayment/ prepayment, in full or part, of certain borrowings availed by the Company; and | 45.43 |
| 4 | General corporate purposes | 27.91 |
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