Gala Precision Engineering IPO

Gala Precision Engineering ₹167.93 Cr IPO includes a fresh issue of ₹135.34 Cr and an OFS of ₹32.59 Cr to fund expansion, equipment purchase, debt repayment, and operations.

Important Details

Open Date : September 2, 2024 Close Date : September 4, 2024 Allotment Date: September 5, 2024 Listing Date: September 9, 2024

Important Details

IPO Price: INR 503-529 per share Lot Size: 28 Shares Total Issue Size: INR 167.93 crores

Fundamental Analysis

Gala Precision Engineering IPO  shows mixed performance: 1. Strong revenue growth,Increased profitability. 2. Decreased EPS,Reduced debt reliance. 3. Improved financial stability, liquidity, and inventory management.

Peer Comparison

Gala Precision Engineering IPO Comparison: 1. Strong EPS, RoNW, and market cap compared to Harsha Engineers, SKF India, Sundram Fasteners, and Rolex Rings. 2. Solid performance and growth potential despite being smaller.

Objective

Gala Precision Engineering IPO main Objective: 1. Set up a new facility. 2. Fund equipment in Maharashtra. 3. Repay or prepay borrowings to enhance financial stability.

Risks And Challenges

Gala Precision Engineering IPO Risks: 1. Dependence on key customers. 2. Ongoing patent infringement litigation. 3. Vulnerable to downturns in the springs technology sector.