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Gala Precision Engineering IPO
Price Band
₹503.0–529.0
Issue Size
₹167.93 Cr
Lot Size
28 shares
Min Investment
₹14,812
GMP
+₹245.0 (46.31%)
Issue Price
₹529.0
Subject to Sauda
₹5200
Paid only if allotted
Gala Precision Engineering IPO AI Summary
- Gala Precision Engineering IPO is listed on BSE, NSE in the Industrial Products sector.
- Price band: ₹503.0–₹529.0 per share, lot size 28 shares (min. investment ₹14,812).
- Subscription window: 02 Sep–04 Sep 2024, listing on 09 Sep 2024.
- Current GMP is +₹245.0 (46.31%), an estimated listing price of ₹774 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Gala Precision Engineering IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Sep 2024 — not a current signal.
11 of 13 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Gala Precision Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹245.0
GMP %
+46.31%
Est. Listing
₹774.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in February 2009, Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs). The company's products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway. The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs. The company's business primarily comprises of two divisions: (i) the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS, (ii) SFS, producing anchor bolts, studs, and nuts. As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland. The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high-tensile fasteners to expand the product portfolio with new products like bolts. As of June 30, 2024, the company has 294 permanent employees and 390 contract employees. The permanent workforce includes 182 manufacturing workers, 19 employees for stores and logistics, 19 employees for quality assurance, 14 employees for tool room development and maintenance, and 22 employees for human resources and administration.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 188.69 | 170.39 | 145.62 |
| Total Income | 204.38 | 167.08 | 147.96 |
| Profit After Tax | 22.33 | 24.21 | 6.63 |
| NET Worth | 104.45 | 83.66 | 59.32 |
| Reserves and Surplus | 94.67 | 81.13 | 56.79 |
| Total Borrowing | 55.03 | 58.60 | 56.89 |
Key Ratios
EPS
₹22.09
NAV
₹103.30
ROE
23.59%
ROCE
19.91%
RoNW
21.38%
P/B Value
5.12
P/E Ratio
23.95
Market Cap
₹670.24 Cr
PAT Margin
11.89%
Debt/Equity
0.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ratnaveer Precision Engineering Ltd | 51.78 | 12.32% | 24.69 | 7.61 | 7.61 |
| Sterling Tools Ltd. | 124.11 | 12.38% | 24.7 | 15.37 | 15.35 |
| Rolex Rings Limited | 329.81 | 17.37% | 40.83 | 57.3 | 57.3 |
| Sundram Fasteners Ltd. | 162.81 | 15.37% | 54.49 | 24.83 | 24.83 |
| Skf India Ltd | 542.63 | 20.57% | 48.5 | 111.6 | 111.6 |
| Harsha Engineers International Ltd | 129.09 | 9.48% | 44.33 | 12.24 | 12.24 |
| Gala Precision Engineering Limited This IPO | 103.3 | 23.27% | — | 24.37 | 24.02 |
Promoters
Kirit Vishanji Gala and Smeet Kirit Gala
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up a new facility at Vallam-Vadagal, SIPCOT͕Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts; 37.00 2 Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra; 11.07 3 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company; and 45.43 4 General corporate purposes 27.91
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹167.08 Cr for the period ending 31 Mar 2023, rising to ₹204.38 Cr by 31 Mar 2024. This indicates a growth in revenue over the year.
Profit Trend
Profit After Tax was ₹24.21 Cr for the period ending 31 Mar 2023, decreasing to ₹22.33 Cr by 31 Mar 2024. However, this is a comparison between a full fiscal year and a subsequent period that is not a full year, so it's important to note that this is a 9-month figure, not a full year, and isn't directly comparable.
Valuation
Gala Precision Engineering Limited has an implied P/E ratio of approximately 23.95 at the issue price, compared to peers trading at P/E ratios ranging from 24.69 to 54.49.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much a stock might list above or below its issue price. A positive GMP suggests that the stock is expected to list at a higher price than the issue price, while a negative GMP indicates the opposite. Investors often look at the GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's crucial to consider the company's fundamentals, market position, and the overall economic environment before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those who prefer stable, established companies may want to avoid IPOs like this, which can experience significant price fluctuations in the early days of trading.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on September 2, 2024, and closes on September 4, 2024. Allotment of shares will be done on September 5, 2024, and the listing is expected to occur on September 9, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit that investors can make when a stock lists on the exchange at a higher price than its issue price. However, relying solely on listing gains can be risky, as market sentiment can fluctuate widely. Investors should be prepared for the possibility that the stock may not perform as expected on the listing day.
This evaluation is generated from Gala Precision Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Gala Precision Engineering IPO GMP today?
Gala Precision Engineering IPO GMP today is +₹245.0 (46.31%), indicating an estimated listing price of ₹774. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Gala Precision Engineering IPO?
The price band of Gala Precision Engineering IPO is ₹503.0–₹529.0 per share.
When does Gala Precision Engineering IPO open and close?
Gala Precision Engineering IPO opens on 02 September 2024 and closes on 04 September 2024.
When does Gala Precision Engineering IPO list on the stock exchange?
Gala Precision Engineering IPO listed on 09 September 2024 at ₹774.0.
What is the lot size for Gala Precision Engineering IPO?
The lot size for Gala Precision Engineering IPO is 28 shares, requiring a minimum investment of ₹14,812.
What is the price band for the IPO?
The price band for the IPO is ₹503.0 to ₹529.0.
What is the minimum investment required?
The minimum investment required is ₹14,812.0.
What is the lot size for the IPO?
The lot size for the IPO is 28 shares.
When is the listing date?
The listing date is expected to be September 9, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the stock in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Sep 2024
Close
04 Sep 2024
Allotment
05 Sep 2024
Listing
09 Sep 2024
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