IPO Details

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Listing on exchange

Initial public offering of up to 3,174,416 equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. [] crores (the Offer) comprising a fresh issue of up to 2,558,416 equity shares aggregating up to Rs. [] crores by the company (the Fresh Issue) and an offer for sale of up to 616,000 equity shares (the Offered Shares) aggregating up to Rs. [] crores comprising an offer for sale of up to 385,200 equity shares by Vishanji Harshi Gala aggregating up to Rs. [] crores, up to 58,600 equity shares by Kirit Vishanji Gala(HUF) aggregating up to Rs. [] crores, up to 50,000 equity shares by Nayna Gala aggregating up to Rs. [] crores, up to 40,000 equity shares by Satish Kotwani* aggregating up to Rs. [] crores, up to 31,400 equity shares by Hemlata Dhiraj Shah aggregating up to Rs. [] crores, up to 28,000 equity shares by Dhiraj Nanchand Shah aggregating up to Rs. [] crores, up to 12,800 equity shares by Urmil Dhiraj Shah aggregating up to Rs. [] crores, and up to 10,000 equity shares by Rupa Sunil Mehta aggregating up to Rs. [] crores (the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares) (such offer for sale by the selling shareholders, the Offer for Sale and together with the fresh issue, The Offer). The offer will constitute [] % of its post-offer paid-up equity share capital of the company. The offer includes a reservation of up to [] equity shares aggregating up to Rs. [] crores (constituting up to []% of the post offer paid-up equity share capital), for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute []% and []%, respectively, of the post-offer paid-up equity share capital of the company. The company, and the selling shareholders, in consultation with the book running lead manager, may offer a discount of up to []% (equivalent of Rs. [] per equity share) to the offer price to eligible employees bidding under the employee reservation portion (Employee Discount). The face value of the equity share is Rs. 10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.

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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.

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