Gala Precision Engineering IPO opens today: Should you subscribe to it?
The IPO of Gala Precision Engineering can be subscribed between September 2 and September 4 as it will offer shares in the range of Rs 503-529 apiece with a lot size 28 shares and its multiples.
- Sep 2, 2024,
- Updated Sep 7, 2024 2:19 PM IST
The initial public offering (IPO) of Gala Precision Engineering is set to open for bidding on Monday, September 2 and the issue can be subscribed till Wednesday, September 4. The company shall be offering its shares in the range of Rs 503-529 per share, where investors can apply for a minimum of 28 shares and its multiples thereafter.
Incorporated in February 2009, Gala Precision Engineering is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The Thane-based company supplies these products to original equipment manufacturers (OEMs). Gala Precision has consistently demonstrated robust revenue growth. While profitability has experienced minor fluctuations, the overall financial performance remains positive. The IPO's valuation aligns with industry benchmarks, said Swastika Investmart. "Given current market trends and the increasing demand for precision components, GPEL is poised for a successful listing and sustained growth," it said.
The initial public offering (IPO) of Gala Precision Engineering is set to open for bidding on Monday, September 2 and the issue can be subscribed till Wednesday, September 4. The company shall be offering its shares in the range of Rs 503-529 per share, where investors can apply for a minimum of 28 shares and its multiples thereafter.
Incorporated in February 2009, Gala Precision Engineering is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The Thane-based company supplies these products to original equipment manufacturers (OEMs). Gala Precision has consistently demonstrated robust revenue growth. While profitability has experienced minor fluctuations, the overall financial performance remains positive. The IPO's valuation aligns with industry benchmarks, said Swastika Investmart. "Given current market trends and the increasing demand for precision components, GPEL is poised for a successful listing and sustained growth," it said.