Gala Precision IPO GMP, Price, Allotment, Profit Estimate 2024

Gala Precision IPO Description – Gala Precision Engineering is a leading manufacturer of precision components, specializing in technical springs such as disc and strip springs (DSS), including wedge lock washers, as well as coil and spiral springs (CSS), and special fastening solutions (SFS). Gala’s products are used across various sectors, including renewable energy like wind turbines and hydropower plants, industrial sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as mobility segments like automotive and railways.

The company supplies its technical springs and high-tensile fasteners to customers in countries such as Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Its customer base includes global OEMs, Tier 1 suppliers, and channel partners across various sectors, including John Deere India, Faiveley Transport Rail Technologies India (a Wabtec Company), Brembo Brake India, BUFAB India Fasteners, L&T Electrical & Automation Products, Turbo Energy, and more.

As of 31 March 2024, Gala Precision has an annual production capacity of 246.46 million units of springs and washers, along with 0.42 million fasteners for customers in the renewable energy sector. As of 30 June 2024, the company employs 294 permanent employees and 390 contract employees.

Promoters of Gala Precision – Kirit Vishanji Gala, and Smeet Kirit Gala

Gala Precision IPO Details

Gala Precision IPO Dates	2 – 4 September 2024
Gala Precision Issue Price	Coming soon
Fresh issue	25,58,416 shares
Offer For Sale	6,16,000 shares
Total IPO size	31,74,416 shares
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

Gala Precision Financial Performance

	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	105.37	145.28	165.47	202.55
Expenses	104.72	136.74	149.38	176.79
Net income	2.36	6.63	14.45	24.30
Margin (%)	2.24	4.48	8.65	11.89

Figures in INR Crores unless specified otherwise

Gala Precision Offer News

Gala Precision Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	6.44	14.06	24.02	–
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	11.18	17.28	23.27
NAV	58.66	82.85	103.30
ROCE (%)	13.85	16.07	21.15
EBITDA (%)	15.11	17.32	19.86
Debt/Equity	0.05	0.69	0.51

*Compiled by IPO Central from Prospectus

Gala Precision IPO GMP Today (Daily Trend)

Gala Precision IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Setting up a new facility at Vallam, Tamil Nadu for manufacturing high tensile fasteners and hex bolts – INR 37 crore
Funding capital expenditure requirements towards the purchase of equipment, plant, and machinery at Wada, Palghar, Maharashtra – INR 11.07 crore
Repayment/ prepayment of certain borrowings availed by the company – INR 45.43 crore
General corporate purposes

Gala Precision IPO Subscription – Live Updates

Coming soon

Gala Precision – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Gala Precision	–	23.56	28.94	82.85	167.08
Harsha Engineers	27.22	14.59	11.50	117.72	1,393.81
SKF India	44.45	106.20	22.42	473.58	4,356.79
Sundram Fasteners	52.08	23.54	16.59	144.39	5,707.60
Rolex Rings	29.59	72.74	26.66	272.83	1,198.25
Sterling Tools	27.76	13.29	11.96	111.16	774.88

Gala Precision IPO Allotment Status

Gala Precision IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Gala Precision IPO Dates & Listing Performance

IPO Opening Date	2 September 2024
IPO Closing Date	4 September 2024
Finalization of Basis of Allotment	5 September 2024
Initiation of refunds	6 September 2024
Transfer of shares to demat accounts	6 September 2024
Gala Precision IPO Listing Date	9 September 2024
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Gala Precision Offer Lead Manager

Pl Capital Markets Private Limited
3rd Floor, Sadhana House, 570, P. B. Marg,
Worli, Mumbai – 400 018, Maharashtra, India
Phone: +91 22 6632 2222
Email: [email protected]
Website: www.plindia.com

Gala Precision Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in

GALA PRECISION ENGINEERING LIMITED
A-801, 8th Floor, Thane One DIL Complex,
Ghodbunder Road Majiwade, Thane (West),
Maharashtra, India, 400610
Phone: +91 22-6930 9224
Email: [email protected]
Website: www.galagroup.com

Gala Precision IPO FAQs

How many shares in Gala Precision IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Gala Precision Public Offer?

The best way to apply for Gala Precision public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.