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Gala Precision Engineering Ltd

Registered Office : A-801 8th Flr Thane 1 Dil Cmpx,Ghodbunder Road Majiwade,Thane (West) Maharashtra 400610 Phone : +91 22 6930 9224
Fax :

Email : investor.relations@galagroup.com

Website : www.galagroup.com

Initial public offer of 3,174,416 equity shares for cash at a price of Rs. 529 per equity share (including a premium of Rs. 519 per equity share) aggregating to Rs. 167.93 crores comprising of a fresh issue of 2,558,416 equity shares aggregating to Rs. 135.34 crores and offer for sale of 616,000 equity shares (The "Offered Shares"). aggregatting up to Rs. 32.59 crores such offer for sale by the selling shareholders the "Offer for Sale and together with the fresh issue The Offerr. The offer will constitute 25.05 of its post offer paid up equity share capital of the company). The offer includes a reservation of upto 5,796 equity shares aggregatting up to Rs. 0.31 crores constitute up to 0.05% of the post offer paid-up equity share capital., for subscriotion by eligible employee (The "Employee Reservation Portion"). The offer less the employee portion is herein after referred to as the "Net Offer'. The offer shall constitute 25.05 and 25.01% respectively of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 10 each and the offer price is 52.90 times the face value of the equity shares.

Issue

Opens On

Closes On

02-Sep-2024

04-Sep-2024

Money Payable On

Application

Allotment

529.00

0.00

Minimum Application for shares in Nos : 28.0 Further Multiples of : 28.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

121.41

167.93

12.67

529.00

PL Capital Markets Pvt Ltd

Projects

Setting up a new facility at Vallam Vadagal SIPCOT for MFG high tensile fasteners and hex bolts

Funding capital expenditure requirements towards purchase of equipment plant and machinery at

Repayment/prepayment in full or part of certain borrowings availed by the company

General corporate purposes

Promoted By

Kirit Vishanji Gala

Smeet Kirit Gala

Listing At

Registrar to the Issue

MUFG Intime India Pvt Ltd