Precision Engineering/Springs - Listed on 09 September 2024
Gala Precision Engineering (Precision Engineering/Springs) closed its IPO window in 2024 and listed on NSE and BSE on 09 September 2024 at an upper band issue price of Rs 529, opening at Rs 721.1 for a listing gain of +36.3% and closing day one at Rs 757.15 (+43.1% on closing basis). The IPO was subscribed 201.41x overall - QIB 232.54x, HNI/NII 414.62x, Retail 91.95x. The total issue size was Rs 167.93 Cr (Fresh Issue Rs 135.34 Cr, OFS Rs 32.59 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Precision Engineering/Springs
Gala Precision Engineering operates in the Precision Engineering/Springs space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Gala Precision Engineering issue was offered at an upper price of Rs 529 and raised approximately Rs 167.93 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 225 | +47.26% |
| Day 2 | Rs 225 | +51.04% |
| Day 3 | Rs 240 | +47.26% |
| Day 4 | Rs 250 | +43.48% |
| Day 5 | Rs 230 | +47.26% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Gala Precision Engineering IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Gala Precision Engineering IPO listed at +36.3% versus the upper issue price of Rs 529 on 09 September 2024.
Gala Precision Engineering IPO was subscribed 201.41x overall. QIB portion was subscribed 232.54x, HNI / NII 414.62x and Retail 91.95x.
IPO GMP started at Rs 225 on Day 1 and moved to Rs 230 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.