Business Standard

Gala Precision Engineering Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

167.93 cr

Price Range (₹)

529

Lot Size

28

Min Investment (₹)

14,812.00

Listing Exchange

MumbaiNSE

Open Date

02-Sept-2024

Close Date

04-Sept-2024

Listing Date

09-Sept-2024

Gala Precision Engineering Ltd News

    The Shares of Gala Precision Engineering Ltd have now been listed.

    Gala Precision Engineering Ltd IPO Details

    Initial public offer of 3,174,416 equity shares for cash at a price of Rs. 529 per equity share (including a premium of Rs. 519 per equity share) aggregating to Rs. 167.93 crores comprising of a fresh issue of 2,558,416 equity shares aggregating to Rs. 135.34 crores and offer for sale of 616,000 equity shares (The Offered Shares). aggregatting up to Rs. 32.59 crores such offer for sale by the selling shareholders the Offer for Sale and together with the fresh issue The Offerr. The offer will constitute 25.05 of its post offer paid up equity share capital of the company). The offer includes a reservation of upto 5,796 equity shares aggregatting up to Rs. 0.31 crores constitute up to 0.05% of the post offer paid-up equity share capital., for subscriotion by eligible employee (The Employee Reservation Portion). The offer less the employee portion is herein after referred to as the Net Offer'. The offer shall constitute 25.05 and 25.01% respectively of the post-offer paid-up equity share capital of the company.The face value of the equity share is Rs. 10 each and the offer price is 52.90 times the face value of the equity shares.

    Objective of issue

    Setting up a new facility at Vallam Vadagal SIPCOT for MFG high tensile fasteners and hex bolts. Funding capital expenditure requirements towards purchase of equipment plant and machinery at. Repayment/prepayment in full or part of certain borrowings availed by the company. General corporate purposes.

    Gala Precision Engineering Ltd Contact Details

    Gala Precision Engineering Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investor.relations@galagroup.com

    Website - www.galagroup.com