Gala Precision Engineering IPO: Analysis, GMP & Subscription Status
Introduction
Gala Precision Engineering Limited is gearing up to launch its Initial Public Offering (IPO) on September 2, 2024. A leader in the precision engineering industry, Gala Precision is offering a mix of fresh issues and an offer for sale to fund its expansion and growth initiatives. This comprehensive guide will walk you through the key details, financials, GMP, and subscription stats for the Gala Precision Engineering IPO.
Gala Precision Engineering IPO Details
- Price Band: ₹503 to ₹529 per share
- Face Value: ₹10 per share
- Lot Size: 28 Shares
- Total Issue Size: 3,174,416 shares, aggregating up to ₹167.93 Crores
- Fresh Issue: 2,558,416 shares, aggregating up to ₹135.34 Crores
- Offer for Sale: 616,000 shares, aggregating up to ₹32.59 Crores
- Listing At: BSE, NSE
- Issue Type: Book Built Issue IPO
- Shareholding Pre-Issue: 10,111,584 shares
- Shareholding Post-Issue: 12,670,000 shares
Important Dates for Gala Precision Engineering IPO
- IPO Open Date: Monday, September 2, 2024
- IPO Close Date: Wednesday, September 4, 2024
- Basis of Allotment: Thursday, September 5, 2024
- Initiation of Refunds: Friday, September 6, 2024
- Credit of Shares to Demat: Friday, September 6, 2024
- Listing Date: Monday, September 9, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on September 4, 2024
Financial Performance of Gala Precision Engineering
Below is a summary of the financial performance of Gala Precision Engineering over the last three fiscal years:
| Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
| Assets |
₹188.69 Crores |
₹170.39 Crores |
₹145.62 Crores |
| Revenue |
₹204.38 Crores |
₹167.08 Crores |
₹147.96 Crores |
| Profit After Tax |
₹22.33 Crores |
₹24.21 Crores |
₹6.63 Crores |
| Net Worth |
₹104.45 Crores |
₹83.66 Crores |
₹59.32 Crores |
| Reserves and Surplus |
₹94.67 Crores |
₹81.13 Crores |
₹56.79 Crores |
| Total Borrowing |
₹55.03 Crores |
₹58.60 Crores |
₹56.89 Crores |
Gala Precision has demonstrated solid financial growth, with increasing revenue and a strong net worth, signaling the company’s robust market position and operational efficiency.
Objectives of the IPO:
The funds raised from the IPO will be utilized for:
- Expanding the company's manufacturing facilities.
- Meeting working capital requirements.
- General corporate purposes.
Gala Precision Engineering IPO Grey Market Premium (GMP) and Subscription Stats
IPO Grey Market Premium (GMP)
| Date |
GMP (₹ per share) |
| September 2, 2024 |
₹268 |
| September 3, 2024 |
₹230 |
| September 4, 2024 |
₹230 |
The Grey Market Premium (GMP) for the Gala Precision Engineering IPO has been positive, reflecting investor confidence. However, it’s important to consider that GMP values can fluctuate and should not be the sole basis for investment decisions.
IPO Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Employee |
Total Subscription |
| Day 1 (Sept 2) |
0.54 |
14.94 |
10.31 |
28.77 |
8.56 |
| Day 2 (Sept 3) |
5.06 |
133.09 |
44.55 |
119.92 |
52.41 |
| Day 3 (Sept 4) |
232.54 |
414.50 |
91.95 |
258.95 |
201.41 |
These statistics will be updated daily as the subscription process progresses, providing a clear picture of investor interest.
Risks Involved
Potential investors should be aware of the risks associated with the precision engineering industry, such as demand fluctuations, competition, and technological advancements. It's crucial to review the company’s Draft Red Herring Prospectus (DRHP) and consult with financial advisors before making any investment decisions.
How to Apply for Gala Precision Engineering IPO
Investors can apply through the ASBA process via banks and financial institutions. Retail investors also have the option to apply using UPI for payments. The minimum bid lot is 28 shares, with applications being accepted in multiples thereof.
Conclusion
The Gala Precision Engineering IPO is a promising opportunity for investors looking to gain exposure to a company with a solid track record in the precision engineering industry. With strategic plans for fund utilization and a focus on growth, this IPO could be a valuable addition to your investment portfolio. However, potential investors should conduct thorough research and consider all risks before applying.
Headlines:
- Gala Precision Engineering IPO 2024: Key Details, Financials, and How to Apply
- Gala Precision Engineering IPO: Complete Guide to Subscription Stats & GMP
- Everything You Need to Know About Gala Precision Engineering IPO
- Gala Precision Engineering IPO Financial Performance and Investment Risks
- How to Invest in Gala Precision Engineering IPO: Dates, Lot Size, and More
- Gala Precision Engineering IPO Grey Market Premium (GMP) and Latest Updates
- 2024 IPOs: Why Gala Precision Engineering Should Be on Your Radar
- Comprehensive Review of Gala Precision Engineering IPO
- Gala Precision Engineering IPO Launch: All You Need to Know