Issue Open Date
|
02-Sep-24
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Issue Closing Date
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04-Sep-24
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Application Money
|
100
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Allotment Money
|
|
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Price Band (Rs.)
|
503-529
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Minimum Bid Quantity.
|
28
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Issue Size (Shares)
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2223830
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Market Lot
|
1
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Objective :
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1. Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts.2. Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra.3. Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.4. General corporate purposes.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
Offered / Reserved
|
Bid For
|
|
Non-Institutional Investors
|
475293
|
197065120
|
414.62
|
Qualified Institutional Buyers
|
633724
|
147366856
|
232.54
|
Retail Individual Investors
|
633724
|
147366856
|
232.54
|
|
|
|
Business Description
We are a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers; coil & spiral springs (“CSS") and special fastening solution (“SFS”) supplying to original equipment manufacturers (“OEMs”),
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Promoter's Holding
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Total Share Capital
|
7538864
|
Offered to Public
|
3174416
|
Promoter's Holding (Pre-Issue)
|
74.56
|
Promoter's Holding (Post-Issue)
|
55.44
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More..
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Address
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A-801 8th Floor Thane One Dil Complex Ghodbunder Road Majiwade Thane (West)
Thane
,
Maharashtra
,
400610
Phone :
022-69309224
Email :
investor.relations@galagroup.com
Website :
www.galagroup.com
|
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Registrar
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Link Intime India Pvt Ltd.
C 101 247 Park LBS Marg Vikhroli (West) Mumbai
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Listed at
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BSE, NSE
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Lead Manager
|
PL Capital Markets Pvt Ltd
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Promoters
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Kirit Vishanji Gala Smeet Kirit Gala
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