Gala Precision Engineering IPO Details, Date, Review, Price

Gala Precision Engineering IPO details Today : Gala Precision Engineering IPO details Today 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 of 2,558,416 shares (Approx ₹135.34 Cr) and The Offer For Sale is 616,000 shares of ₹10 (Approx ₹32.59 Cr).

We are a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers, coil & spiral springs (“CSS”) and special fastening solution (“SFS”) supplying to original equipment manufacturers (“OEMs”) .

Tier 1 and Channel Partners; used in sectors like renewable energy including wind turbine andhydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways

Our technical springs and high tensile fasteners have been supplied to customers in countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden, Switzerland etc. Accordingly, we are a key link in the global supply chain for OEMs.

Our customers include global OEMs, tier 1 and channel partners across the sectors such as :

• John Deere India Private Limited,
• Faiveley Transport Rail Technologies India Private Limited (a Wabtec Company),
• Brembo Brake India Private Limited,
• BUFAB India,
• Fasteners Private Limited,
• Altra Industrial Motion India Private Limited,
• Endurance Technologies Limited,
• Enercon GmbH, EXEDY Clutch India Private Limited,
• Hitachi Astemo Chennai Private Limited,
• L&T Electrical & Automation Products,
• (a unit of Schneider Electric Private Limited),
• LPS Bossard Private Limited,
• MSL Driveline Systems Limited,
• SAL Automotive Limited,
• Schaeffler India Limited,
• Turbo Energy Private Limited,
• Vestas Wind Technology India Private Limited,
• Wuerth Industrial Services India Private Limited etc.

We are recognised for our high quality, reliability, and design partnership and this has helped us to establish long standing relationships with global customers.

Our business primarily comprises of (i) springs technology division, under which we manufacture DSS including wedge lock washers (“WLW”), CSS and (ii) SFS in which we manufacture anchor bolts, studs and nuts.

Our CSS products are used in commercial vehicles, passenger vehicles, railways and industrial infrastructure. our two manufacturing facilities located in Wada, Palghar, Maharashtra. Our manufacturing facilities at Wada, Palghar, Maharashtra.

Gala Precision Engineering IPO Date & Price Band Details

Gala Precision Engineering IPO Market Lot Details

Object of the Issue

1.  Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts.
2.  Funding capital expenditure requirements towards the purchase of equipment, plant, and machinery in Wada, Palghar, Maharashtra.
3.  Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.
4.  General corporate purposes.

Gala Precision Engineering IPO Allotment & Listings (Details)

Gala Precision Engineering Financial Reports

Our Company Promoters

1. Kirit Vishanji Gala.
2. Smeet Kirit Gala.

Qualitative Factors

• We are a well-established manufacturer of precision engineering solutions with a diverse product portfolio for multiple user industries.
• We have long-standing relationships with both Indian and global OEM and Tier 1 customers.
• We have well-equipped manufacturing facilities along with in-house design and other capabilities that offer scale, flexibility, and comprehensive solutions.
• We have an experienced management team supported by a large, diverse, and skilled workforce.
• We have a track record of consistent financial growth and performance characterized by operational efficiency and high repeat business.
• Our Company is certified as a great workplace in the category of “Mid-size organizations” by the Great Place to Work Institute, India. The certificate is valid from November 2023 to November 2024.

Comparison of Accounting Ratios with Listed Peer Group Companies

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Gala Precision Engineering Company Contact Details

A-801, 8th Floor, Thane One DIL Complex,
Ghodbunder Road,Majiwade, Thane (West),
Maharashtra, India, 400610
Contact Person: Pooja Ladha
Email:investor.relations@galagroup.com
Tel:+91 22-6930 9224
Webiste: www.galagroup.com

Gala Precision Engineering IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
E-mail: galaprecision.ipo@linkintime.co.in
Investor grievance e-mail: galaprecision.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan