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IPO

G

Gala Precision Engineering Ltd

₹14,812 / 28 shares

RHP/DRHP

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 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).

Click here to know more about Gala Precision Engineering Share Price and stay updated on the latest market trends.

Risk Factors

  • 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.

  • The company does not have any exclusivity agreements with customers and suppliers.

  • 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

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Here's a video playlist to help you invest in the upcoming Gala Precision Engineering Limited IPO
How to apply for IPO through ASBA

Kotak Securities

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How to apply for an IPO using UPI
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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.

Apply for Gala Precision Engineering IPO