Gala Precision Engineering IPO Overview
Company Background: 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). These products are supplied to original equipment manufacturers (OEMs) and play a vital role in sectors such as electrical, off-highway equipment, infrastructure, general engineering, and mobility segments like automotive and railway.
Global Presence: Gala Precision Engineering has established itself as a crucial player in the global supply chain, supplying its technical springs and high-tensile fasteners to customers in various countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. As of March 30, 2024, the company serves over 175 customers across 25+ countries. Business Divisions: The company operates primarily through two divisions:
Springs Technology Division: Focused on manufacturing DSS, including Wedge Lock Washers (WLW) and CSS.
Special Fastening Solutions (SFS): Produces anchor bolts, studs, and nuts.
Manufacturing Capabilities: Gala Precision Engineering has two manufacturing facilities located in Wada District, Palghar, Maharashtra, with advanced capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new facility is under construction in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, aimed at expanding the company's product range with high-tensile fasteners, including bolts.
Objects of the IPO Issue:
Setting up a New Facility
Funding Capital Expenditure
Repayment of Borrowings
General Corporate Purposes
Gala Precision Engineering IPO: Key Details
IPO Dates: 2 to 4 September, 2024
Price Band : ₹503 to ₹529 per share
Lot Size: 28 shares
Total Issue size: ₹167.93 Crores
Retail Quota: 35 %
GMP: 50% ( For Informational purposes only )
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