Gala Precision Engineering Ltd. IPO

Gala Precision Engineering Limited is a leading manufacturer of high-quality technical springs and fastening solutions for various industries. With a focus on precision and innovation, Gala supplies its products to OEMs and other customers worldwide. The company's product range includes disc and strip springs, coil and spiral springs, and special fastening solutions. Gala has a strong presence in the renewable energy sector, particularly in wind turbine components, and is committed to providing innovative and reliable solutions to its customers.

RHP
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DRHP
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Open Date

2024-09-02

Close Date

2024-09-04

Gala Precision Engineering Ltd. IPO Details

Check out the issue details for Gala Precision Engineering Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 529

Price Band

₹ 503 - 529

Issue Size

167.93 Cr.

Issue Type

Book Built

Open

2024-09-02

Close

2024-09-04

Listingprice

₹ 721.1

ListingGain

36.31%

Listing Date

2024-09-09

CMP

₹ 1104.15

Current Return

108.72%

Gala Precision Engineering Ltd. News

Gala Precision Engineering informs about analyst meet 6 Dec, 2:37PM Gala Precision Engineering informs about newspaper publication 15 Nov, 1:12PM Gala Precision Engineering informs about board meeting 8 Nov, 4:23PM Gala Precision Engi. - Quaterly Results28 Sep, 2:49PM Gala Precision Engi. - Quaterly Results28 Sep, 2:49PM Gala Precision Engi. - Quaterly Results28 Sep, 2:49PM Gala Precision Engineering informs about newspaper advertisement12 Sep, 2:48PM Gala Precision Engineering coming with an IPO to raise around Rs 168 crore30 Aug, 12:28PM

Company Financials

You can get the following financial statements of Gala Precision Engineering Ltd. as of now.

Exchange

NSE: GALAPREC

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Gala Precision Engineering Limited IPO is as:

  • The issue size of the IPO is 167.93 Cr.
  • The price band for Gala Precision Engineering Limited IPO is Rs 503 to Rs 529.
  • The shares of Gala Precision Engineering Limited IPO will list on 9th September 2024.
  • The latest tentative GMP of Gala Precision Engineering Limited IPO is Rs 240.
  • The shares of Gala Precision Engineering Limited IPO is subscribed 201.41 Times as of 4rth September 2024.

 

Gala Precision Engineering Limited IPO Valuation

The approx valuation of Gala Precision Engineering Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 529
Existing Shares (Qty) 1.01 Cr
Fresh Issue 135.34 Cr
Market Cap 669.63 Cr
EPS (FY24) Rs 22.09
PE Ratio 23.94x
Industry PE 39.59x

 

Gala Precision Engineering Limited IPO Issue Size

Gala Precision Engineering Limited IPO issue size is 167.93 Cr. 

Issue Amount
Fresh Issue 135.34 Cr
Offer For Sale 32.59 Cr

 

Gala Precision Engineering Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 28 shares and a maximum of 13 lots of 364 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 28 Rs 14,812
 Maximum 13 364 Rs 1,92,556

 

Gala Precision Engineering Limited IPO share offer

The shares of Gala Precision Engineering Limited IPO is subscribed 201.41 Times as of 4rth September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 232.54 Times
Non-Institutional Minimum 15% 414.62 Times
Retail Individual Minimum 35% 91.95 Times
Employee 5796 Shares 258.95 Times
Total   201.41 Times

Find below the dates for Gala Precision Engineering Limited IPO:

Schedule Date
Basis of Allotment 5 September 2024
Refunds 6 September 2024
Credit to Demat Account 6 September 2024
IPO Listing Date 9 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 102.97 143.68 163.79
Total Expenditure 90.97 123.11 134.81
Operating Profit 12.01 20.58 28.98
Other Income 1.39 2.38 1.77
Interest 5.99 5.15 5.45
Depreciation 5.83 6.25 5.95
Exceptional Items 0 0 2.4
Profit Before Tax 1.57 11.56 21.74
Provision for Tax -0.26 3.39 4.53
Net Profit 1.83 8.18 17.21
Adjusted EPS (Rs.) 0.18 0.81 1.7

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 2.53 2.53 2.53
Total Reserves 56.54 64.72 81.93
Borrowings 30.11 23.77 20.5
Other N/C liabilities 6.8 7.06 8.36
Current liabilities 47.31 56.42 56.73
Total Liabilities 143.29 154.5 170.05
Assets
Net Block 58.09 56.27 59.05
Capital WIP 0.49 0.13 1.25
Intangible WIP 3.11 2.93 3.46
Investments 7.46 7.46 0.24
Loans & Advances 3.5 3.59 2.74
Other N/C Assets 0.3 0 0
Current Assets 70.34 84.11 103.32
Total Assets 143.29 154.5 170.05
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024
Other Income 0.63 0.09
Profit Before Tax 8.32 6.33
Tax 1.97 1.11
Profit After Tax 6.35 5.22
Adjusted EPS (Rs) 6.28 4.12

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 55.44 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 1.57 11.56 21.74
Adjustment 12.54 14.73 12.82
Changes in Assets & Liabilities 0.83 -13.09 -14.2
Tax Paid -0.03 -1.86 -4.37
Operating Cash Flow 14.9 11.34 16
Investing Cash Flow -5.27 -6.24 -12.61
Financing Cash Flow -7.77 -6.92 -3.39
Net Cash Flow 1.86 -1.82 0
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