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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
New facility in Tamil Nadu
Funding the setup of a new manufacturing facility at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, to manufacture high tensile fasteners and hex bolts.
Capital expenditure at the Maharashtra facility
Purchase of equipment, plant and machinery at the company's Wada, Palghar, Maharashtra facility.
Repayment or prepayment of borrowings
Repaying or prepaying certain outstanding borrowings availed by the company.
General corporate purposes
The balance of the net proceeds is earmarked for general corporate purposes.
(₹ in Crore)
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Gala Precision Engineering Limited, incorporated in 2009, is a manufacturer of precision engineering components serving original equipment manufacturers, Tier-1 suppliers and channel partners. Its product range spans disc and strip springs, coil and spiral springs and special fastening solutions such as anchor bolts, studs and nuts, organized broadly into a springs technology division and a fastening solutions division. Its disc springs meet the German DIN 2093 standard, supporting use in demanding industrial and mobility applications. The company operates two manufacturing facilities in the Wada district of Palghar, Maharashtra, and was setting up a new facility in Vallam-Vadagal, Sriperumbudur, Tamil Nadu at the time of its public offering to expand into high tensile fasteners and hex bolts. It serves a global customer base of more than 175 clients across 25-plus countries including Germany, Denmark, China, Italy, Brazil, the United States, Sweden and Switzerland, with exports contributing a significant share of revenue. End markets for its products include renewable energy, industrial, off-highway equipment, infrastructure, general engineering and mobility segments such as automotive and railways. The company has posted steady growth in revenue and profitability in the years leading up to its listing, aided by its diversified product mix and long-standing customer relationships. Shares of the company listed on the NSE and BSE on 9 September 2024 following a book-built initial public offering combining a fresh issue with a modest offer for sale by the promoter group.
Ahead of the offer, the company raised over Rs 50 crore from anchor investors at the cap price of Rs 529 per share. The lead anchor investor was Negen Undiscovered Value Fund, with a group of other funds including NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, India Emerging Giants Fund, Finavenue Growth Fund, Chhatisgarh Investments, Gagandeep Credit Capital and Resonance Opportunities Fund also participating.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Diversified global customer base
The company exports precision components to more than 175 customers across 25-plus countries, spanning Europe, the Americas and Asia, reducing dependence on any single market.
Established technical credentials
Its disc springs meet the German DIN 2093 standard and it holds a meaningful share of the Indian disc springs market, supporting long-standing OEM and Tier-1 relationships.
Consistent financial growth
Revenue and profitability have grown steadily over the reported years, aided by capacity additions and a diversified product portfolio across springs and fastening solutions.
Strong asset quality and returns
The company reports healthy return ratios and profitability metrics relative to peers of comparable scale in the industrial components space.
In-house design and engineering capability
A broad in-house design capability across a large number of precision products supports faster customization for OEM and Tier-1 customers.
Customer concentration
A material share of revenue is derived from the company's top customers, so the loss of one or more key accounts could adversely affect its business and financial performance.
Segment concentration in spring technology
A large majority of revenue is dependent on the spring technology segment, so any downturn specific to that segment could disproportionately affect overall performance.
No exclusivity with customers or suppliers
The company operates without exclusivity arrangements, relying instead on purchase orders and forecasts, which can create volume and pricing uncertainty.
Gala Precision Engineering Limited
A-801, 8th Floor, Thane One DIL Complex, Ghodbunder Road, Majiwade, Thane (West) 400610, Maharashtra, India
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Ongoing litigation risk
The company is party to a patent infringement proceeding, and an adverse outcome could affect its business, financial condition and growth plans.