Gala Precision Engineering lists at 41% premium

9 Sep 2024 , 10:05 AM

The share of Gala Precision lists at 41% premium on the D-street. The shares lists at ₹721.10 on NSE, at 36.31% premium over the issue price of ₹529 and at ₹750 on BSE, around 42% premium.

The IPO comprises a fresh issue of equity shares worth ₹135.34 crore and an offer-for-sale of 6.16 lakh shares by promoter group firms and individual shareholders.

The ₹167.93 crore IPO has been subscribed 201.41 times in total with highest bids received from non-institutional investors of 414.62 times subscription. The retail investors booked 91.95 times from the quota allocated while QIB category has been subscribed 232.54 times.

The shares of the company were sold at a price band of ₹503 to ₹529 apiece.

Gala Precision Engineering has demonstrated impressive financial growth from FY22 to FY24, with its Revenue increasing at a CAGR of 18.1%, EBITDA growing at 40.4%, and PAT soaring at 83.5%. The company also boasts a strong Return on Capital Employed (ROCE) of 21.15% and a Return on Equity (ROE) of 23.27%, excluding exceptional items.