Gala Precision Engineering IPO Details
Issue Date
--
Price Range
₹503 - ₹529
Lot Size
28
IPO Size
₹167.93 Cr
Gala Precision Engineering IPO Listing Details
Listing On
9 Sep'24
Issue Price
₹529
Listed Price
₹ 721.1
Retail Gain/Listing Gain
▲36.31%
Schedule of Gala Precision Engineering IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
09/09/2024
Gala Precision Engineering Company Background
Gala Precision Engineering is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS); and special fastening solutions (SFS) that include anchor bolts, studs, and nuts supplying to original equipment manufacturers (OEMs), Tier 1 players and channel partners.
They are used in renewable energy facilities like wind turbine and hydro-power plants, industrial sectors such as electrical, off-highway equipment, infrastructure and general engineering, and mobility segments such as automotive and railways (Source: 1Lattice Report).
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Gala Precision Engineering Competitive Strengths
Well established manufacturer of precision engineering components with a diversified product portfolio and diverse market
Their product portfolio includes disc and strip springs, wedge lock washers, coil and spirals springs, and fastening solutions like anchor bolts, nuts and studs, etc.
Their precision components and high tensile fasteners are used in sectors like renewable energy (including wind turbine and hydro plants), industrial sectors such as electrical, off-highway equipment, infrastructure and general engineering, and mobility segments such as automobiles and railways. Their disc springs are of high quality meeting German DIN 2093 standards.
Long-standing customer relationships with both Indian and global OEM and Tier 1 players
Over three decades, they have established long-standing relationships with their customers. They have served over 175 customers in 25 countries with relationships ranging from four to 15 years. Furthermore, due to their performance, the company has received numerous awards for quality, delivery, new product development, and financial management from their customers.
Well-equipped manufacturing facilities along with in-house design and other capabilities which offer scale, flexibility, and comprehensive solutions
Their in-house process includes tool design and development, blanking and forming, coiling, heat treatment, shot peening, surface finishing, springs grinding and chamfering, scragging, load testing along with inspection, quality control and surface treatments and coatings.
Their facilities at Wada, Palghar, Maharashtra, are certified with international standards such as IATF 16949, which is needed to manufacture quality disc springs, spring band clamps, stamped components, coil springs, and spiral springs. The facility also has an ISO 9001:2015 certification, needed to manufacture and supply disc springs, brush springs, spiral springs, retractor springs and spring cassette assemblies among others.
Risk Factors
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The loss of key customers or a significant reduction in their production and sales of or demand for products from their prominent customers may hurt their business.
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The company does not have any exclusivity agreements with customers and suppliers.
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The company is involved in a patent infringement suit, and an adverse outcome in this proceeding may hurt the business.
Key Strategies
Strategy title 1: Strengthen their core capabilities in precision engineering for sustainability
Strategy title 2: Move up the value chain from niche markets to large addressable markets
Strategy title 3: Strengthen relationships with existing customers and expand the customer base
Gala Precision Engineering Key Financials
Here are the key financials for Gala Precision Engineering Limited:

How to apply for IPO through ASBA
Kotak Securities
•04m 01s

How To Apply for Gala Precision Engineering Ltd IPO?
Here are the steps to apply for Gala Precision Engineering Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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