Gala Precision Engineering Ltd. IPO: Key Details

We are a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers; coil & spiral springs (“CSS") and special fastening solution (“SFS”) supplying to original equipment manufacturers (“OEMs”), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways (Source: 1Lattice Report). Our technical springs and high tensile fasteners have been supplied to customers in countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden, Switzerland etc. Accordingly, we are a key link in the global supply chain for OEMs. Our customers include global OEMs, tier 1 and channel partners across the sectors such as John Deere India Private Limited, Faiveley Transport Rail Technologies India Private Limited (a Wabtec Company), Brembo Brake India Private Limited, BUFAB India Fasteners Private Limited, Altra Industrial Motion India Private Limited, Endurance Technologies Limited, Enercon GmbH, EXEDY Clutch India Private Limited, Hitachi Astemo Chennai Private Limited, L&T Electrical & Automation Products (a unit of Schneider Electric Private Limited), LPS Bossard Private Limited, MSL Driveline Systems Limited, SAL Automotive Limited, Schaeffler India Limited, Turbo Energy Private Limited, Vestas Wind Technology India Private Limited, Wuerth Industrial Services India Private Limited etc. We are recognised for our high quality, reliability, and design partnership and this has helped us to establish long standing relationships with global customers.

Gala Precision Engineering Ltd. IPO Details

IPO Date September 02, 2024 to September 04, 2024
Listing Date September 09 2024
Face Value ₹10 per share
Price Band ₹503 to ₹529 per share
Lot Size 28 Shares
Total Issue Size 2223830 Shares
Issue Type Book building
Listing At BSE  NSE 
Share holding pre issue 7538864
Share holding post issue 7024464

Gala Precision Engineering Ltd. IPO Promoter Holding

The promoter of the company is Kirit Vishanji Gala, Smeet Kirit Gala,

Share Holding Pre Issue 74.56%
Share Holding Post Issue 55.44%

Gala Precision Engineering Ltd. IPO Objectives

1. Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts.2. Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra.3. Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.4. General corporate purposes.

Gala Precision Engineering Ltd. IPO Prospectus

Gala Precision Engineering Ltd. Lead Managers

  • PL Capital Markets Pvt Ltd

Gala Precision Engineering Ltd. IPO Contact Information

  • Pooja Ladha
  • Phone: +91 22-6930 9224
  • Email: investor.relations@galagroup.com

Gala Precision Engineering Ltd. IPO Registrar

  • Name: MUFG Intime India Pvt Ltd.
  • Phone: ++91 810 811 8484
  • Email: helpdesk@linkintime.co.in