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Gala Precision Engineering Limited IPO Allotment Status, Subscription, and IPO Details

Gala Precision Engineering Limited IPO allotment is set for September 5, 2024, with shares priced at ₹503 to ₹529 per share. The offering allows bidding for lots of 28 shares or multiples thereof.
Gala Precision Engineering Limited IPO Allotment Status, Subscription, and IPO Details

Gala Precision Engineering Limited IPO Allotment Status 

The allotment date for the Gala Precision Engineering Limited IPO is set for September 5, 2024, with shares priced at a range of ₹503 to ₹529 per share and a face value of ₹10. The offering consists of lots of 28 shares, with bids accepted for these lots or their multiples.

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Gala Precision Engineering Limited IPO Allotment Status Check 

To ascertain their allocation status for the Gala Precision Engineering Limited IPO, investors can easily navigate through the steps provided on either the BSE platform or the IPO registrar Link Intime India Ltd website.

IPO Allotment Status BSE 

Here are steps to check Gala Precision Engineering Limited IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose Gala Precision Engineering Ltd from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Step 1: Visit IPO registrar website Link Intime India Ltd

Step 2: Select ‘Gala Precision Engineering Limited’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID, or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your Gala Precision Engineering Limited IPO allotment status will be reflected on the screen.

Gala Precision Engineering Limited IPO GMP Today

Gala Precision Engineering Limited IPO GMP (Grey Market Premium) is ₹230 as of September 4, 2024.

Gala Precision Engineering Limited IPO Subscription Status 

Gala Precision Engineering Limited IPO saw strong demand on day 2, with the total subscription reaching 52.17 times. Qualified Institutional Buyers subscribed 5.06 times, Non-Institutional Investors 132.89 times, Retail Investors 44.16 times, and Employees 117.86 times, reflecting significant investor interest across all categories.

Gala Precision Engineering Limited IPO Details

Gala Precision Engineering’s IPO is a book-built issue worth ₹167.93 crores, comprising a fresh issue of ₹135.34 crores and an offer for sale of ₹32.59 crores. The IPO is open from September 2, 2024, to September 4, 2024. The price band is set between ₹503 and ₹529 per share, with listing expected on September 9, 2024, on BSE and NSE.

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