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IPO

IPO Details


Gala Precision Engineering Ltd
Registered Office: A-801 8th Flr Thane 1 Dil Cmpx, Ghodbunder Road Majiwade, Thane (West) - 400610, Maharashtra
Phone: +91 22 6930 9224
Email: investor.relations@galagroup.com
Website: www.galagroup.com
Initial public offer of 3,174,416 equity shares for cash at a price of Rs. 529 per equity share (including a premium of Rs. 519 per equity share) aggregating to Rs. 167.93 crores comprising of a fresh issue of 2,558,416 equity shares aggregating to Rs. 135.34 crores and offer for sale of 616,000 equity shares (The Offered Shares). aggregatting up to Rs. 32.59 crores such offer for sale by the selling shareholders the Offer for Sale and together with the fresh issue The Offerr. The offer will constitute 25.05 of its post offer paid up equity share capital of the company). The offer includes a reservation of upto 5,796 equity shares aggregatting up to Rs. 0.31 crores constitute up to 0.05% of the post offer paid-up equity share capital., for subscriotion by eligible employee (The Employee Reservation Portion). The offer less the employee portion is herein after referred to as the Net Offer'. The offer shall constitute 25.05 and 25.01% respectively of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 10 each and the offer price is 52.90 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
02-Sep-2024 04-Sep-2024 ₹ 529.00 ₹ 0.00
Minimum Application for shares in Nos : 28 Further Multiples of : 28
(₹)Cr. Lead Managers to the Issue
Project Cost 121.41 PL Capital Markets Pvt Ltd
Project Financed through Current Offer 167.93
Post Issue Equity Share Capital 12.67
Issue Price ₹529.00
Projects
Setting up a new facility at Vallam Vadagal SIPCOT for MFG high tensile fasteners and hex bolts
Funding capital expenditure requirements towards purchase of equipment plant and machinery at
Repayment/prepayment in full or part of certain borrowings availed by the company
General corporate purposes
Promoted By
Kirit Vishanji Gala
Smeet Kirit Gala
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

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