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.
Open Date : September 2, 2024 Close Date : September 4, 2024 Allotment Date: September 5, 2024 Listing Date: September 9, 2024
IPO Price: INR 503-529 per share Lot Size: 28 Shares Total Issue Size: INR 167.93 crores
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.
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.
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.
Gala Precision Engineering IPO Risks: 1. Dependence on key customers. 2. Ongoing patent infringement litigation. 3. Vulnerable to downturns in the springs technology sector.