GALA PRECISION ENGINEERING LIMITED

Gala Precision Engineering Retail is open for subscription from Monday, September 2, 2024, and closing on Wednesday, September 4, 2024. The price band for this IPO is set to Rs 503 – Rs 529 per share. The company is offering a fresh issue of 25.58 lakh of equity shares amounting up to Rs 135.34 crore and an offer for sale of 6.16 lakh of equity shares amounting up to Rs 32.59 crore; this aggregates to a total size of 31.74 lakh of equity shares amounting up to Rs 167.93 crore. The allotment for this new IPO is expected to be finalised on Thursday, September 5, 2024. This IPO will be listed on the NSE and BSE exchanges on Monday, September 9, 2024. The minimum and maximum lot size set for the retail category is 1 lot, i.e., 28 shares and 13 lots i.e., 364 shares. For retail investors, the minimum and maximum investment amount required is Rs 14,812 and Rs 192,556 respectively. The IPO is managed by PL Capital Markets Private Limited, which is book running as the lead manager of this IPO. The company has appointed Link Intime (India) Private Limited as the registrar for the issue.