Gala Precision Engineering Limited
|
Lot Size
1 Lot = 28 Qty |
Min Investment
₹14812 |
|
Subscription
Oversubscribed |
Listing Gain
0(Points) |
IPO Details
|
Open Date
Sep 02, 2024 |
Close Date
Sep 04, 2024 |
Allotment Date
Sep 05, 2024 |
|
Allotment Date
Sep 05, 2024 |
Refund Initiation
Sep 06, 2024 |
Demat Transfer
Sep 06, 2024 |
|
Listing Date
Sep 09, 2024 |
Fresh Issue
135.34 |
Offer For Sale
32.59 |
|
Issue Price
₹503 to ₹529 |
Face Value
₹10 |
Issue Type
Fresh Issue |
|
Total Issue Size
167.93 CR |
QIB + NII Quota
50 + 15% |
Retail Quota
35% |
|
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
| PERIOD | ASSET | REVENUE | PROFIT |
|---|---|---|---|
| 31-Mar-2024 | 188.69 | 204.38 | 22.33 |
| 31-Mar-2023 | 170.39 | 167.08 | 24.21 |
| 31-Mar-2022 | 145.62 | 147.96 | 6.63 |
About Gala Precision Engineering Limited
Incorporated in February 2009, Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs).
The companys products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway.
The company has supplied its technical springs and high-tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs.
The company business primarily comprises of two divisions:
- the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS,
- SFS, producing anchor bolts, studs, and nuts.
As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland.
The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high-tensile fasteners to expand the product portfolio with new products like bolts.
As of June 30, 2024, the company has 294 permanent employees and 390 contract employees. The permanent workforce includes 182 manufacturing workers, 19 employees for stores and logistics, 19 employees for quality assurance, 14 employees for tool room development and maintenance, and 22 employees for human resources and administration.
Strength
- Extensive global presence, exporting to over 25 countries with 175+ clients.
- Strong market share: 10% in the Indian disc springs market.
- In-house design and development capabilities for 200+ precision products.
Weakness
- High dependency on spring technology for 80.11% of revenue.
- Labour issues could disrupt operations; 294 permanent employees.
- Loss of key customers could impact 32.46% of revenue.