Gala Precision Engineering IPO Allotment Status, Dates & How to Check

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.

Overview of Gala Precision Engineering IPO

Gala Precision Engineering launched its IPO with a price band of ₹503–₹529, offering both fresh shares and an offer-for-sale component. The IPO received massive investor interest, being oversubscribed 201.41 times, highlighting strong demand across all investor categories. The Gala Precision Engineering IPO allotment date was scheduled for September 5, 2024, and the Gala Precision IPO listing date was set for September 9, 2024, on both NSE and BSE. Market sentiment was bullish, with the Gala IPO GMP (Grey Market Premium) indicating potential listing gains in the ₹230–₹290 range. Investors closely tracked the Gala precision engineering IPO allotment process for potential early gains. 

Table of Contents

1. Overview of Gala Precision Engineering IPO
2. How to Check Gala IPO Allotment Status?
3. What to Do After IPO Allotment?
4. Gala Precision Engineering IPO Subscription Status
5. How to Check IPO Allotment Status?
6. Gala Precision Engineering  IPO Details
7. Gala Precision Engineering IPO Timeline (Tentative Schedule)
8. About Gala Precision Engineering
9. Financial Performance of Gala Precision Engineering IPO

How to Check Gala IPO Allotment Status?

To check the Gala IPO allotment status, investors can visit the Link Intime IPO allotment status page, the official registrar for the issue. Alternatively, one can go to the NSE or BSE websites and search using PAN, application number, or DP ID to find the Gala share allotment status. On the BSE website, navigate to the “Equity” section under IPO, select “Gala Precision Engineering,” and enter the required details. You can also check through your stockbroker’s app (e.g., Zerodha, Upstox) under the IPO section. These steps answer the common query: “How to check IPO allotment? 

What to Do After IPO Allotment?

Once the Gala Precision Engineering IPO allotment is finalized, check if you received shares or if your funds are unblocked. If allotted, shares will be credited to your Demat account before the Gala Precision IPO listing date, and you can plan whether to hold or sell based on market performance. If not allotted, your blocked funds will be released or refunded automatically. You should also monitor the Gala IPO GMP to gauge possible listing-day gains or losses. Finally, keep track of your Gala share allotment status NSE BSE and prepare for trading post-listing on September 9, 2024. 

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.

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.