Gala Precision Engineering Limited IPO Details, Price Band, Opening Date, Subscription, GMP | Gala Precision Engineering will open its initial public offering for subscription on September 2.
Gala Precision Engineering Limited IPO is a mix of fresh issue of up to 25,58,416 equity shares by the company, and an offer-for-sale (OFS) of 6.16 lakh equity shares by existing shareholders including promoters.
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Gala Precision Engineering Limited IPO Details, Price Band
Having 10 percent market share in the Indian disc springs market, Gala Precision Engineering is a major manufacturer in the domestic market. According media reports, Gala Precision Engineering has a significant presence in the disc and strip springs market for renewable industry with 70% share in the local market and three percent in the international market.
Gala Precision Engineering Limited Company Details
According to the company’s Gala Precision Engineering specializes in design and manufacturing of precision components like High Tensile Fasteners, Disc & Strip Springs, Coil & Spiral Springs, and Wedge Lock Washers. Our primary clientele consists of major OEMs, Tier-1 & Channel Partners, spanning diverse industries including Renewable Energy, Industrial and Mobility. These products are manufactured as per global standards like German DIN standards and can be customized to meet customer specific requirements.
Gala Precision Engineering Limited Clients
For the investors, before investing Gala Precision Engineering Limited IPO they must need to understood the company’s clients. Gala serves 175+ global customers across 25+ countries like Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland etc. contributing ~40% to total sales. Our office in Frankfurt Germany caters to existing and potential clientele in Europe.
Gala Precision Engineering Limited Manufacturing Units
Gala is expanding to a new facility in Vallam-Vadagal, SPICOT, Sriprumbudur, Tamil Nadu dedicated to the production of special fastening solutions Gala precision engineering has 3 decades of experience with competencies like in-house tool design and development, understanding of material science, heat treatment and surface engineering including finishing. We work on lean manufacturing practices and continuously invest in semi-automation and automation processes to eliminate errors and increase in productivity.
Gala Precision Engineering Limited Products
For over 3 decades, Gala Precision Engineering has been at the forefront in Springs Technology, crafting high-performance Disc & Strip Springs and Coil & Spiral Springs. Our expertise is grounded in years of experience, ensuring we remain ahead in implementing the latest technological advancements
Our products are integral to global OEMs & Tier-1 across diverse sectors, in Renewable Energy like wind turbines and hydro plants, Industrial as in electrical power equipment, infrastructure, off-highway equipment etc. and Mobility including automotive and railways. Our manufacturing facilities are IATF 16949 and ISO 9001 certified
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Gala Precision Engineering Limited Revenue
If we talk about the annual revenue of the company, Gala Precision Engineering recorded almost flat profit from continuing operations for the year ended March 2024 at Rs 22.53 crore, down just 0.14 percent from Rs 22.56 crore in the previous fiscal despite a healthy topline and operating numbers. Firms has reported exceptional loss of Rs 2.3 crore against exceptional gain of Rs 9.76 crore during the same period.
According to media reports, Gala Precision Engineering’s revenue from operations grew by 22.4 percent on-year to Rs 202.5 crore in the fiscal year 2024. Its EBITDA (earnings before interest, tax, depreciation and amortisation) in FY24 jumped 41.8 percent to Rs 38.8 crore with margin rising 260 bps to 19.1 percent compared to FY23.
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