Gala Precision Engineering Limited IPO
Gala Precision Engineering Limited was a mainboard IPO in the Industrial Products sector, offered at ₹503–₹529 per share to raise ₹168 crore. The issue was subscribed 201.41× overall (QIBs 232.54×, NIIs 414.62×, retail 91.95×). It listed on 9 Sep 2024 at ₹721 and closed its first day at ₹757, a listing gain of +43.1% versus the ₹529 issue price. It now trades around ₹1,039 (+96.4% versus the issue price).
Frequently asked questions
- How many times was the Gala Precision Engineering Limited IPO subscribed?
- The Gala Precision Engineering Limited IPO was subscribed 201.41× overall — 232.54× in the QIB category, 414.62× among non-institutional investors, 91.95× in retail.
- What were the Gala Precision Engineering Limited IPO listing gains?
- Gala Precision Engineering Limited listed on 9 Sep 2024 at ₹721, closing its first day at ₹757 — a listing gain of +43.1% versus the ₹529 issue price.
- What were the retail allotment odds for the Gala Precision Engineering Limited IPO?
- Retail was subscribed 91.95×, so a single-lot application had roughly a 1.1% chance of allotment (about 1 in 92), and allotment was finalised on 5 Sep 2024.
- What was the price band and lot size of the Gala Precision Engineering Limited IPO?
- The price band was ₹503–₹529 per share, with a minimum lot of 28 shares (₹14,812 at the upper band).
- Who were the registrar and lead manager for the Gala Precision Engineering Limited IPO?
- Link Intime India Private Limited was the registrar, and PL Capital Markets was the book-running lead manager.