Gala Precision Engineering IPO subscription status started on September 02, 2024, and will close on September 04, 2024. The company aims to raise approximately ₹167.93 crore via this IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹503 to ₹529 per equity share.
The IPO consists of a minimum market lot of 28 Shares requiring an application amount of ₹14,812. Gala Precision Engineering is a Mainboard IPO, and it will be listed on the NSE & BSE.
Table of contents
IPO Overview
Gala Precision Engineering, with over three decades of expertise, is a leading specialist in designing and manufacturing high-precision components, including High Tensile Fasteners, Coil & Spiral Springs, Disc & Strip Springs, and Wedge Lock Washers. The company adheres to global standards like German DIN while offering customized solutions tailored to client needs. Serving over 175 global customers across 25+ countries, Gala has a strong international presence, including an office in Frankfurt, Germany, to support its European clients, with a significant portion of its sales generated abroad.
To expand its production capabilities, Gala is establishing a new facility in Tamil Nadu dedicated to special fastening solutions. The company also implements lean manufacturing practices and leverages automation to enhance productivity and reduce errors.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Gala Precision Engineering IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.86 | 5.06 | 232.54 |
| NII | 20.80 | 133.09 | 414.62 |
| RII | 12.36 | 44.55 | 91.95 |
| EMP | 38.95 | 119.92 | 174.23 |
| Total | 10.96 | 52.41 | 201.41 |
Gala Precision Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Gala Precision Engineering IPO Form
To apply for the Gala Precision Engineering IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 02, 2024, for NII,QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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