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GALA PRECISION ENGINEERING LIMITED

Incorporated in February 2009, Gala Precision Engineering Limited manufactures high-precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), serving OEMs across sectors including electrical, off-highway equipment, infrastructure, automotive, and railways. With a strong global presence, the company supplies over 175 customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Gala Precision operates two manufacturing facilities in Wada, Palghar, Maharashtra, and is expanding through a new plant at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, dedicated to high-tensile fasteners and new products such as bolts. As of June 30, 2024, the company employs 294 permanent staff across manufacturing, logistics, quality assurance, tool room development, and HR, supported by an additional 390 contract employees.

₹503 - ₹529201.41x sub
Listed Price721.10
Listing Gain+36.31%
TimelineBookbuilding IPO
Open02 Sep 2024
Close04 Sep 2024
Allotment05 Sep 2024
Listing09 Sep 2024

Quota Reservation Portions

QIBPortion: 6,33,724 shares
28.5%
HNIPortion: 4,75,293 shares
21.37%
RetailPortion: 11,09,017 shares
49.87%
EmployeePortion: 5,796 shares
0.26%

Minimum Application Bracket Matrix

Retail1 lots / 28 shares
₹14,812
sHNI14 lots / 392 shares
₹2,07,368
bHNI68 lots / 1,904 shares
₹10,07,216

About the Company

Incorporated in February 2009, Gala Precision Engineering Limited manufactures high-precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), serving OEMs across sectors including electrical, off-highway equipment, infrastructure, automotive, and railways. With a strong global presence, the company supplies over 175 customers across 25 countries, including Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. Gala Precision operates two manufacturing facilities in Wada, Palghar, Maharashtra, and is expanding through a new plant at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, dedicated to high-tensile fasteners and new products such as bolts. As of June 30, 2024, the company employs 294 permanent staff across manufacturing, logistics, quality assurance, tool room development, and HR, supported by an additional 390 contract employees.

Company Promoters

Kirit Vishanji GalaKirit Vishanji Gala