Gala Precision Engineering IPO Share Allotment Status :Gala Precision Engineering Limited IPO can become another blockbuster IPO of the year 2024. There are indications from the grey market that it will get 50 percent return on listing. This IPO was successful in attracting investors and it has received more than 200 times subscription. Shares are being allotted in Gala Precision’s IPO today and it is going to be listed on 9 September. You can check the share allotment status from the website of BSE and Registrar. The price band of the IPO was Rs 503 to Rs 529 per share.
Gala Precision IPO: Subscribed 201 times
Gala Precision Engineering Limited’s IPO has received a tremendous response from investors. This IPO has been subscribed 201.41 times in total. In this, the 35 percent portion reserved for retail investors has been filled 91.95 times. In the NII category, the reserved 15 percent portion was filled 414.62 times, while in the QIB category, the reserved 50 percent portion has received 232.54 times the bid.
Gala Precision Engineering IPO GMP
The unlisted share of Gala Precision Engineering Limited is trading at a premium of Rs 265 in the grey market. This premium is 50 per cent in terms of the upper price band of Rs 529.
Share Allotment Check: From BSE website
For this, first you will have to go to the website of BSE.
– Link: bseindia.com/investors/appli_check.aspx
– After that the equity box has to be checked.
– Then you have to enter the name of the issue Gala Precision Engineering in the dropdown.
– After that you have to type your application number in the box.
– After that you will have to provide information about your PAN number.
– Finally you will have to click on the search button, after which complete information will be revealed.
Share Allotment Check: From Registrar’s website
Link Intime is the registrar of this issue. For this IPO, one has to visit the website of the registrar.
For this IPO, one will have to visit the registrar’s website.
– Link: https://linkintime.co.in/Initial_Offer/public-issues
– Type the company name Gala Precision Engineering in the dropdown.
– After this, enter PAN number, application number or depository/client ID in the box.
– Then enter the captcha and click on the search button. Then you will know your status.
What is the company’s outlook?
Brokerage house SMIFS Capital says the global DSS and WLW market is valued at $891 million in CY23, witnessing a CAGR of 6% during CY20-23. The Indian DSS and WLW market is expected to reach a value of $138 million in FY27, witnessing a growth of 6% during FY24-27. Gala plans to increase its manufacturing capacity from 246878200 in FY24 to 246882800 metric tonnes in FY25 by setting up a new manufacturing facility to meet the demand. The company also intends to increase the manufacturing capacity of DSS and WLW products at its existing manufacturing facility in Wada, Palghar, Maharashtra. A further rapid reduction in debt will also reduce interest costs, which will have a positive impact on profits in the coming financial year.
(Disclaimer: The views or advice on the stock are given by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
