GALA PRECISION ENGINEERING LIMITED (MAINBOARD)
Sep 2, 2024 - Sep 4, 2024
Price | ₹503 - ₹529 |
Premium | ₹245 |
---|---|
Lot size | 28 |
Allotment | Sep 5, 2024 |
Listing | Sep 9, 2024 |
Category | Lot(s) | Qty | Amount | Reserved |
---|---|---|---|---|
Retail | 1 | 28 | 14812 | 39680 |
sHNI | 14 | 392 | 207368 | 405 |
bHNI | 68 | 1904 | 1007216 | 810 |
Last updated on 04-Sep-2024 19:03:05
Category | Offered | Applied | Times |
---|---|---|---|
QIBs | 633724 | 147366856 | 232.54 |
HNIs | 475293 | 197065120 | 414.62 |
HNIs 10+ | 316862 | 139313916 | 439.67 |
HNIs 2+ | 158431 | 57751204 | 364.52 |
Retail | 1109017 | 101972836 | 91.95 |
Employees | 5796 | 1501192 | 259 |
Total | 2223830 | 447906004 | 201.41 |
Application Wise Breakup (Approx) | |||
---|---|---|---|
Category | Reserved | Applied | Times |
HNIs (10L+) | 810 | 69513 | 85.82 |
HNIs (2-10L) | 405 | 140123 | 345.98 |
Retail | 39680 | 3196431 | 80.56 |
Total Applications: 3446380 | |||
© IPO Premium |
Subscription Demand (in ₹ crore) | |||
---|---|---|---|
Category | Offered | Demand | Times |
QIBs | 33.52 | 7795.71 | 232.54 |
FIIs | - | 1590.71 | - |
DIIs | - | 3127.81 | - |
Mutual funds | - | 7.53 | - |
Others | - | 2901.63 | - |
HNIs | 25.14 | 10424.74 | 414.62 |
HNIs 10+ | 16.76 | 7369.71 | 439.67 |
HNIs 2+ | 8.38 | 3055.04 | 364.52 |
Retail | 58.67 | 5394.36 | 91.95 |
Employees | 0.31 | 79.41 | 259 |
Total | 117.64 | 23694.23 | 201.41 |
QIB Interest Cost per share (7 Days) | |||||
---|---|---|---|---|---|
@7% ₹165.14 | @8% ₹188.73 | @9% ₹212.32 | @10% ₹235.92 | @11% ₹259.51 | @12% ₹283.1 |
IPO Details
Total Issue Size | 3,174,416 shares (aggregating up to [167.93] Cr) |
Fresh Issue | 2,558,416 shares (aggregating up to [135.34] Cr) |
Offer for Sale | 616,000 shares of (aggregating up to [32.59] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 10,111,584 |
Share holding post issue | 12,670,000 |
IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net offer |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicators
KPI | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|
ROE | 23.27% | 17.28% | 11.18% |
ROCE | 19.91% | 22.93% | 13.85% |
RONW | 21.38% | 28.94% | 11.18% |
D/E | 0.53 | 0.70 | |
EPS (Diluted) | 21.77 | 23.56 | 6.44 |
P/E Pre IPO | 23.95 | ||
P/E Post IPO | 30.01 |
Financial Statement ( Restated)
Period Ended | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|
Assets | 188.69 | 170.39 | 145.62 |
Revenue | 204.38 | 167.08 | 147.96 |
Profit After Tax | 22.33 | 24.21 | 6.63 |
Net Worth | 104.45 | 83.66 | 59.32 |
Reserves and Surplus | 94.67 | 81.13 | 56.79 |
Total Borrowing | 55.03 | 58.6 | 56.89 |
Amount in Crore |
About Company
Incorporated in February 2009, Gala Precision Engineering Limited specializes in manufacturing precision components, including disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). Serving original equipment manufacturers (OEMs) across diverse sectors such as electrical, off-highway equipment, infrastructure, and mobility segments like automotive and railway, the company is a critical player in the global supply chain. Gala Precision Engineering has an international footprint with over 175 customers in 25 countries, including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland. The company operates two manufacturing facilities in Wada District, Palghar, Maharashtra, and is expanding with a new plant in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on high-tensile fasteners and new products like bolts. As of June 30, 2024, Gala Precision employs 294 permanent staff, including roles in manufacturing, stores and logistics, quality assurance, tool room development, and human resources, alongside 390 contract employees.
Wincy Nadar/Ashwinikumar Chavan
Telephone: +91 22 6632 2222
Email: galaprecisionipo@plindia.com
Diverse Product Portfolio: The Company offers a broad range of precision engineering solutions across multiple industries, showcasing its adaptability and capability to serve various market needs.
Established Relationships: With over 15 years of experience, the company has developed strong, long-term relationships with both Indian and global OEMs and Tier 1 customers, indicating reliability and trust in its offerings.
Advanced Manufacturing Facilities: The Company operates well-equipped manufacturing facilities with in-house design capabilities, providing scale, flexibility, and comprehensive solutions that support its growth and competitiveness.
Customer Dependency: The Company’s reliance on key customers means that losing any of them or experiencing a significant drop in their demand could severely impact its financial health and operational performance.
Legal Vulnerability: The ongoing patent infringement lawsuit poses a risk of financial and strategic setbacks, potentially affecting the company's business operations and growth trajectory.
Lack of Exclusivity: The absence of exclusivity agreements with customers and suppliers could lead to competitive pressures and supply chain uncertainties, impacting the company’s market position and operational stability.
Phone: +91-22-4918 6270
Email: galaprecision.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html