Gala Precision Engineering IPO Allotment Status Online: Gala Precision Engineering IPO is Open on 2 September 2024 and Close on 4 September 2024. Gala Precision Engineering IPO to Raise 3,174,416 shares (Approx ₹167.93 Cr) via IPO. The Fresh Issue is 2,558,416 shares (Approx ₹135.34 Cr) and The Offer For Sale is 616,000 shares of ₹10 (Approx ₹32.59 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Gala Precision Engineering IPO Basis of Allotment Status on 5 September 2024. Gala Precision Engineering IPO Refund Date is 6 September 2024 and Gala Precision Engineering IPO Credit to Demat on 6 September 2024.
Also Read: Gala Precision Engineering IPO Details, Date, Review, Price
Gala Precision Engineering Allotment Link Online
| Linktime | Linktime Allotment Link |
|---|---|
| Moneymintidea | IPO Allotment Status Link |
About –
Gala Precision Engineering target customer segment is the aspiring middle class comprising of households with an average annual income of less than 5,000 USD, comprising of fashion conscious, value and quality seeking youth and young families, which forms the bulk of purchasing power of the Indian population.
This enables us to increase efficiencies in supply chain and inventory management processes, strengthen ourbrand visibility in local markets, optimize our marketing expenditure, efficient utilization of our human resources and provides us with an incisive understanding of customer preferences at a micro market level.
We provide a modern shopping experience to our target customers with all our stores being air conditioned and having an appealing store layout, trial rooms, wide range of quality products, ambience and merchandising, quality assurance, which we believe, enhances the shopping experience for our customers and our ability to offer quality products at affordable prices under an upscale retail environment.
Our stores had an average size of 9,114 square feet with trained staff to enhance customer experience. At our centralised warehouse, we have adopted technology and modern equipment extensively, which we believe has led to process efficiencies and optimisation of costs.
Our shareholders include investors such as Rekha Rakesh Jhunjhunwala, the wife of Late Rakesh Jhunjhunwala, Kewal Kiran Clothing Limited, Manohar Lal Agarwal, promoter of Haldiram Snacks, Boon-family office of Supreme Industries, Intensive Softshare Private Limited, D.K. Surana, Ajay Kumar Jain and Sanjay Kumar Jain, partners of J.K. Jain Sparky (India) LLP and we believe we have benefited significantly from their experience and leadership, and they along with our Senior Management Personnel, have been instrumental in formulating and executing the strategies of our Company.
