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Gala Precision

Gala Precision Engineering is a prominent manufacturer of high-quality precision components, with a focus on specialized technical springs, including disc and strip springs (DSS) like wedge lock washers, coil and spiral springs (CSS), and customized fastening solutions (SFS). These products find applications across a diverse range of industries, including renewable energy sectors such as wind turbines and hydropower plants, industrial sectors like electrical and off-highway equipment, infrastructure, general engineering, and mobility segments including automotive and railways.

Gala Precision Engineering serves a global customer base, supplying its advanced technical springs and high-tensile fasteners to clients in countries like Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. The company’s clientele features renowned global OEMs, Tier 1 suppliers, and channel partners across various sectors, including John Deere India, Faiveley Transport Rail Technologies India (a Wabtec Company), Brembo Brake India, BUFAB India Fasteners, L&T Electrical & Automation Products, Turbo Energy, and many others.

As of March 31, 2024, Gala Precision Engineering boasts an annual production capacity of 246.46 million units of springs and washers, in addition to 0.42 million fasteners tailored for the renewable energy sector. By June 30, 2024, the company employed a dedicated workforce comprising 294 permanent employees and 390 contract employees.

Gala Precision IPO Details

Signature Global IPO Details
Gala Precision IPO Dates
2 – 4 September 2024
Gala Precision Issue Price
INR 503 – 529 per share
Fresh issue
25,58,416 shares (INR 135.34 crore)
Offer For Sale
6,16,000 shares (INR 32.59 crore)
Total IPO Size
31,74,416 shares (INR 167.93 crore)
Minimum bid (size)
28 shares (INR 14,812)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Gala Precision Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

 FY 24

Revenue

105.37

145.28

165.47

202.55

Expenses

104.72

136.74

149.38

176.79

Net income

2.36

6.63

14.45

24.30

Margin (%)

2.24

4.48

8.65

11.89

Figures in INR Crore unless specified otherwise

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