GALA PRECISION ENGINEERING LIMITED (MAINBOARD)
Sep 2, 2024 - Sep 4, 2024
| Price | ₹503 - ₹529 |
| Premium | ₹245 |
|---|---|
| Lot size | 28 |
| Allotment | Sep 5, 2024 |
| Listing | Sep 9, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 28 | 14812 | 39680 |
| sHNI | 14 | 392 | 207368 | 405 |
| bHNI | 68 | 1904 | 1007216 | 810 |
Last updated on 04-Sep-2024 19:03:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 633724 | 147366856 | 232.54 |
| HNIs | 475293 | 197065120 | 414.62 |
| HNIs 10+ | 316862 | 139313916 | 439.67 |
| HNIs 2+ | 158431 | 57751204 | 364.52 |
| Retail | 1109017 | 101972836 | 91.95 |
| Employees | 5796 | 1501192 | 259 |
| Total | 2223830 | 447906004 | 201.41 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 810 | 69513 | 85.82 |
| HNIs (2-10L) | 405 | 140123 | 345.98 |
| Retail | 39680 | 3196431 | 80.56 |
| Total Applications: 3446380 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 33.52 | 7795.71 | 232.54 |
| FIIs | - | 1590.71 | - |
| DIIs | - | 3127.81 | - |
| Mutual funds | - | 7.53 | - |
| Others | - | 2901.63 | - |
| HNIs | 25.14 | 10424.74 | 414.62 |
| HNIs 10+ | 16.76 | 7369.71 | 439.67 |
| HNIs 2+ | 8.38 | 3055.04 | 364.52 |
| Retail | 58.67 | 5394.36 | 91.95 |
| Employees | 0.31 | 79.41 | 259 |
| Total | 117.64 | 23694.23 | 201.41 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹165.14 | @8% ₹188.73 | @9% ₹212.32 | @10% ₹235.92 | @11% ₹259.51 | @12% ₹283.1 |
IPO Details
| Total Issue Size | 3,174,416 shares (aggregating up to [167.93] Cr) |
| Fresh Issue | 2,558,416 shares (aggregating up to [135.34] Cr) |
| Offer for Sale | 616,000 shares of (aggregating up to [32.59] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,111,584 |
| Share holding post issue | 12,670,000 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.27% | 17.28% | 11.18% |
| ROCE | 19.91% | 22.93% | 13.85% |
| RONW | 21.38% | 28.94% | 11.18% |
| D/E | 0.53 | 0.70 | |
| EPS (Diluted) | 21.77 | 23.56 | 6.44 |
| P/E Pre IPO | 23.95 | ||
| P/E Post IPO | 30.01 |
Financial Statement ( Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 188.69 | 170.39 | 145.62 |
| Revenue | 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 | 58.6 | 56.89 |
| Amount in Crore | |||
About Company
Incorporated in February 2009, Gala Precision Engineering Limited specializes in manufacturing precision components, including disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). Serving original equipment manufacturers (OEMs) across diverse sectors such as electrical, off-highway equipment, infrastructure, and mobility segments like automotive and railway, the company is a critical player in the global supply chain. Gala Precision Engineering has an international footprint with over 175 customers in 25 countries, including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland. The company operates two manufacturing facilities in Wada District, Palghar, Maharashtra, and is expanding with a new plant in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on high-tensile fasteners and new products like bolts. As of June 30, 2024, Gala Precision employs 294 permanent staff, including roles in manufacturing, stores and logistics, quality assurance, tool room development, and human resources, alongside 390 contract employees.
Phone: +91-22-4918 6270
Email: galaprecision.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html