Gala Precision Engineering IPO Subscription Status: 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%
The Gala Precision Engineering IPO is an Mainline IPO and Listed on NSE & BSE. Gala Precision Engineering IPO Price Band is Fixed at ₹529 Equity Share. Gala Precision Engineering IPO Lot Size is 28 Shares.
Also Read: Gala Precision Engineering IPO Details, Date, Review, Price
Gala Precision Engineering IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 6,33,724 | 32,06,000 | 5.06 |
| Non Institutional Buyers (NIIs) | 4,75,293 | 6,32,57,936 | 133.09 |
| BNII | 3,16,862 | 4,06,47,404 | 128.28 |
| SNII | 1,58,431 | 2,26,10,532 | 142.72 |
| Retail Individual Buyers (RIIs) | 11,09,017 | 4,94,02,080 | 44.55 |
| Employee | 5,796 | 6,95,072 | 119.92 |
| Total | 22,23,830 | 11,65,61,088 | 52.41 |
Gala Precision Engineering IPO Subscription Status day-by-day-
| Categories | 2 Sep | 3 Sep | 4 Sep |
|---|---|---|---|
| QIB | 0.86 | 5.06 | 0.00 |
| NII | 20.80 | 133.09 | 0.00 |
| RII | 12.36 | 44.55 | 0.00 |
| Employee | 38.95 | 119.92 | 0.00 |
| Total | 10.96 | 52.41 | 0.00 |
About IPO :
Gala Precision Engineering 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.
Gala Precision Engineering holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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