Gala Precision Engineering IPO
Gala Precision Engineering Limited (GALAPREC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 09 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +69.1% (likely range +41% to +109%), day's high +79.5%, chance of a gain 97%. Actual: +36.3% at the open, +43.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 6,33,724 | 14,73,66,856 | 233x | |
| NII (HNI) total | 4,75,293 | 19,70,65,120 | 415x | |
| Big NII (above ₹10 lakh) | 3,16,862 | 13,93,13,916 | 440x | |
| Small NII (₹2-10 lakh) | 1,58,431 | 5,77,51,204 | 365x | |
| Retail | 11,09,017 | 10,19,72,836 | 91.9x | |
| Employees | 5,796 | 15,01,192 | 259x | |
| Total | 22,23,830 | 44,79,06,004 | 201x |
Bids on NSE and BSE together, as published by NSE, as of 04 Sep 2024, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Gala Precision Engineering's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Astron Paper & Board MillsDec 2017 | 103x | 397x | 77.9x | 243x | ₹80.0 Cr | +130.0% | +141.5% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| PL Capital Markets | 4 | +12.5% | 75% |
Offer documents (NSE)
Frequently asked
What is the Gala Precision Engineering IPO price band and lot size? ₹503–529 per share, with a lot of 28 shares, so the smallest retail bid is ₹14,812.
How many times has it been subscribed? 201x overall: QIB 233x, NII 415x, retail 91.9x, employees 259x.
How did it list? It opened at ₹721, +36.3% against the issue price of ₹529, and closed its first day +43.1%.
