Gala Precision Engineering IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Gala Precision Engineering IPO. Explore Gala Precision Engineering IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Gala Precision Engineering Limited is a manufacturer of precision components, focusing on technical springs like disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company caters to original equipment manufacturers (OEMs), Tier 1 suppliers, and channel partners across industries such as renewable energy, automotive, railways, and general engineering. With a significant global presence, Gala exports its products to over 25 countries, including Germany, the USA, and China. Known for its design and development capabilities, the company maintains cutting-edge manufacturing facilities in Maharashtra and is expanding into Tamil Nadu to enhance its product portfolio.
Key Points:
- Product Range: Specializes in technical springs (disc & strip springs, coil & spiral springs) and special fastening solutions (anchor bolts, studs, nuts).
- Industry Applications: Serves sectors like renewable energy (wind turbines, hydro power), automotive, railways, and general engineering.
- Global Presence: Exports to over 25 countries, with a significant market share in both domestic and international markets.
- Clientele: Serves over 175 customers globally, including major markets like Germany, USA, and China.
- Manufacturing Capabilities: Operates from certified facilities in Maharashtra, with a focus on quality, design, and tool development.
- Manufacturing Expansion: Currently setting up a new manufacturing facility in Tamil Nadu to boost capacity and add new product categories like bolts and high-tensile fasteners.
- Market Position: Holds a strong position in the disc springs market with significant shares in both domestic and global markets.
Objects of the Issue
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts
- Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra
- Repayment/ prepayment, in full or part, of certain borrowings availed by the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 02 Sep - 04 Sep 2024 |
| IPO Price Band | ₹503 - ₹529 per share |
| Fresh Issue | 2,558,416 shares (₹135.34 crore) |
| Offer For Sale | 616,000 shares (₹32.59 crore) |
| Total IPO Size | Approx ₹167.93 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 02 Sep 2024 |
| IPO Closing Date | 04 Sep 2024 |
| Basis Of Allotment | 05 Sep 2024 |
| Refunds | 06 Sep 2024 |
| Demat Transfer | 06 Sep 2024 |
| IPO Listing Date | 09 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 106.86 | 147.96 | 167.08 | 204.38 |
| Total Expenses | 104.72 | 136.74 | 149.38 | 176.79 |
| Net Profit/Loss | 2.36 | 6.63 | 24.21 | 22.21 |
| NPM (*) | 2.20 | 4.48 | 14.49 | 10.93 |
| Total Assets | 134.31 | 145.62 | 170.39 | 188.69 |
| Total Liabilities | 81.30 | 86.30 | 86.73 | 84.24 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.33 | 6.44 | 23.56 | 21.77 |
| ROE (%) | 4.44 | 11.18 | 17.28 | 23.59 |
| ROCE (%) | 6.92 | 13.85 | 22.93 | 19.91 |
| D/E Ratio | 1.11 | 0.96 | 0.70 | 0.53 |
| Current Ratio | 1.54 | 1.55 | 1.81 | 1.69 |
| EBITDA MARGIN (%) | 12.72 | 15.11 | 17.32 | 19.86 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Total Income | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Gala Precision Engineering Limited | 204.38 | 24.30 | 21.77 | 21.38 | 103.30 |
| Harsha Engineers International Limited | 1,421.79 | 44.33 | 12.24 | 9.48 | 129.09 |
| SKF India Limited | 4,664.14 | 48.50 | 111.6 | 20.57 | 542.63 |
| Sundram Fasteners Limited | 5,720.47 | 54.49 | 24.83 | 15.37 | 162.81 |
| Rolex Rings Limited | 1,236.82 | 40.83 | 57.30 | 17.37 | 329.81 |
| Sterling Tools Limited | 938.51 | 24.70 | 15.35 | 12.38 | 124.11 |
| Ratnaveer Precision Engineering Limited | 602.40 | 24.69 | 7.61 | 12.32 | 51.78 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 232.54 |
| Non-Institutional Investor (NII/HNI) | 414.62 |
| Retail Individual Investor (RII) | 91.95 |
| Total | 201.41 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- KIRIT VISHANJI GALA
- SMEET KIRIT GALA
Lead Managers
- PL Capital Markets Private Limited
Company Address
Gala Precision Engineering Limited
A-801, 8th Floor, Thane One DIL Complex, Ghodbunder Road Majiwade, Thane (West), Maharashtra, India, 400610
Phone: +91 22-6930 9224
Email: investor.relations@galagroup.com
Website: www.galagroup.com
FAQs
- What is the issue size of the Gala Precision Engineering IPO?The Gala Precision Engineering IPO has an issue size of Approx ₹167.93 crore. This includes a fresh issue of 2,558,416 shares (₹135.34 crore) and an offer for sale (OFS) of 616,000 shares (₹32.59 crore).
- What is the price band of the Gala Precision Engineering IPO?The price band for the Gala Precision Engineering IPO is ₹503 - ₹529 per share.
- What are the bidding dates for the Gala Precision Engineering IPO?The Gala Precision Engineering IPO will open for bidding on 02 Sep 2024 and close on 04 Sep 2024.
- What is the allotment date for the Gala Precision Engineering IPO?The allotment date for the Gala Precision Engineering IPO is 05 Sep 2024.
- What is the listing date for the Gala Precision Engineering IPO?The listing date for the Gala Precision Engineering IPO is 09 Sep 2024.
- What is the Gala Precision Engineering IPO grey market premium?The grey market premium (GMP) for the Gala Precision Engineering IPO is currently at ₹245, with an expected listing gain of approximately 46.31%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.