Gala Precision Engineering IPO Allotment Status

The IPO subscription of Gala Precision Engineering begins on September 2, 2024, and ends on September 4, 2024. On Thursday, September 5, 2024, the allocation status of the Gala Precision Engineering IPO will be finalized. Gala Precision Engineering IPO will be listed on BSE and NSE, and its tentative listing date is Monday, September 9, 2024. The issue comprises a fresh issue of 0.26 crore shares aggregating to ₹135.34 crores and an offer for sale of 0.06 crore shares aggregating to ₹32.59 crores.

Gala Precision Engineering IPO Subscription Status

The IPO price band of Gala Precision Engineering is ₹503 to ₹529 per share. The minimum lot size for the application is 28 Shares. Retail investors must make a minimum investment of ₹14,812. The minimum lot size investment for small non-institutional investors (sNII) is 14 lots (392 shares) amounting to ₹207,368. The lot size for large or big non-institutional investors (bNII) is 68 lots (1,904 shares) amounting to ₹1,007,216.

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How to Check IPO Allotment Status?

To check the IPO allotment status of Gala Precision Engineering.

• Visit the NSE Website: Go to the National Stock Exchange (NSE) official website at nseindia.com.
• Navigate to the IPO Section: Navigate to the Markets Data tab and look for the IPO section.
• Click on 'IPO Allotment': In the IPO section, find the option for "IPO Allotment Status." Click on it.
• Select the IPO: You will see a list of recent IPOs. Choose the IPO for which you want to check the allotment status.
• Enter Details: Enter the details such as your application number, PAN number, and stock symbol.
• Submit: After entering the required information, click on the submit button to view your allotment status.

If you have any trouble, you can also check with your broker, as they often provide allotment details through their platforms. 

To check the status of the IPO allotment of Gala Precision Engineering on the Link Intime India website, follow the process mentioned below. 

1. Check the website of Link Intime India, which is the registrar for the IPO.
2. Then select "Gala Precision Engineering ".
3. Click on any one of the following options: PAN, Application Number, DP/Client ID, Account Number/IFSC code.
4. Fill in the information with your choice.

The status of your subscription regarding the Gala Precision Engineering IPO will be displayed to you.

Gala Precision Engineering  IPO Details

Gala Precision Engineering IPO Timeline (Tentative Schedule)

Gala Precision Engineering  IPO opens on June 25, 2024, and closes on June 27, 2024.

About Gala Precision Engineering

Gala Precision Engineering designs and manufactures precision components such as high-tensile fasteners, springs, and wedge lock washers. As one of the suppliers to over 175 global customers in more than 25 countries, including major OEMs in industries such as renewable energy and mobility, Gala's adherence to worldwide standards like German DIN gives customers the ability to customise a solution. 

With three decades of experience, Gala is expanding to a new facility in Tamil Nadu to focus on special fastening solutions. The company focuses on lean manufacturing and, therefore, invests in automation to further enhance productivity by reducing errors.

Financial Performance of Gala Precision Engineering IPO

Here’s a quick overview of the financial position of Gala Precision Engineering  IPO.