Gala Precision Engineering Ltd.
Industry:
Engineering - Industrial Equipments
Issue Details
Open Date
02 Sep 2024Close Date
04 Sep 2024Size (in Crs.)
117.641
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-26Lot Size
28
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1. Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts.2. Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra.3. Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.4. General corporate purposes.
Description
We are a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers; coil & spiral springs (“CSS") and special fastening solution (“SFS”) supplying to original equipment manufacturers (“OEMs”), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as auto... Show More
Address
A-801, 8th Floor , Thane One Dil Complex , Ghodbunder Road, Majiwade, Thane (West)
Thane
400610
Promoter Holding
Promoters:
Kirit Vishanji Gala, Smeet Kirit Gala
Total Share Capital
7538864
Offered to Public
3174416
% Promoter's Holding (Pre-Issue)
74.56
% Promoter's Holding (Post-Issue)
55.44
Shares on offer
Total Share Offer
7538864
Of above offred to public
3174416
Post Issue shares
NA
Post Issue Promoters
55.44
Lead Managers to the Issue:
PL Capital Markets Pvt Ltd
Registrar Details
Registrar Name:
MUFG Intime India Pvt Ltd.
Address
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai
400083
Phone No.
+91 810 811 8484
Website
https://in.mpms.mufg.com/
Fax
91-022-49186060