Gala Precision Engineering IPO Review, Date, Price, GMP

Gala Precision Engineering’s business is mainly split into two parts. The Springs Technology Division makes DSS such as wedge lock washers (WLWs) and CSS, alongside the Special Fastening Solutions (SFS ) division, which creates anchor bolts, studs, and nuts. DSS products find applications in sectors such as renewable energy, railways, automotive, off-highway vehicles, heavy machinery, electrical systems, and power equipment. 

Gala Precision Engineering’s CSS products serve sectors including commercial vehicles, passenger vehicles, railways, and industrial infrastructure. In the SFS division, Gala Precision Engineering manufactures custom-made fasteners, such as studs, anchor bolts, and nuts, used in renewable energy, railways, off-highway vehicles, electrical, and heavy machinery industries.

With a global clientele of over 175 customers, Gala Precision Engineering exports to more than 25 countries, including major markets like Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland.

Gala Precision Engineering IPO Complete Details:

Gala Precision Engineering IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP Of Gala Precision Engineering is Around 242 Rs.

Objects Of Issue:

1. Establishing a new facility at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, for the manufacturing of high-tensile fasteners and hex bolts.

2. Financing capital expenditures for purchasing equipment, plant, and machinery at Wada, Palghar, Maharashtra.

3. Repaying or prepaying, in full or in part, certain borrowings taken by the company.

4. General corporate purposes.

Promoters:

• KIRIT VISHANJI GALA
• SMEET KIRIT GALA

FAQs: