Gala Engineering IPO Allotment Status

Summary

Gala Precision Engineering IPO has garnered an exceptional response from investors, closing with a remarkable subscription of 201.41 times by 4th September 2024 at 5:25:08 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 414.62 times, reflecting significant interest from wealthy individual investors and smaller institutions.

The Qualified Institutional Buyers (QIB) category demonstrated robust engagement, subscribing 232.54 times, indicating strong confidence from institutional investors in Gala Precision Engineering's market potential. Retail investors also showed solid interest, with the IPO being subscribed 91.95 times in this category. The Employee portion was particularly well-received, being subscribed 259.00 times. This extraordinary response across all categories underscores the strong market enthusiasm for Gala Precision Engineering's offering and suggests positive investor sentiment towards the company's growth prospects.

How to Check Gala Precision Engineering IPO Allotment Status:

How do you Check Gala Precision Engineering IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Link Intime India Private Ltd. (https://linkintime.co.in/initial_offer/)

Step 2: From the selection menu, choose Gala Precision Engineering IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Gala Precision Engineering IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Gala Precision Engineering IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Gala Precision Engineering Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.
Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status that indicates the available shares for allocation should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the " IPO " section or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Gala Precision Engineering IPO Timeline:

Gala Engineering IPO Subscription Status

The Gala Engineering IPO received 201.41 subscriptions. By 4th September 2024 at 5:25:08 PM (Day 3), the public issue had been subscribed 91.95 times in the retail category, 232.54 times in the QIB category, and 414.62 times in the NII category.

Subscription Day 3 (as of 5:25:08 PM)
Total Subscription: 201.41 times.
QIBs: 232.54 times.
Non-institutional investors: 414.62 times.
Retail investors: 91.95 times.
Employees: 259.00 times.

Subscription Day 2
Total Subscription: 52.41 times.
QIBs: 5.06 times.
Non-institutional investors: 133.09 times.
Retail investors: 44.55 times.
Employees: 119.92 times.

Subscription Day 1
Total Subscription: 10.96 times.
QIBs: 0.86 times.
Non-institutional investors: 20.80 times.
Retail investors: 12.36 times.
Employees: 38.95 times.

Gala Precision Engineering IPO Details

Gala Precision Engineering's initial public offering (IPO) is a book-built issue amounting to ₹167.93 crores. This offering consists of a fresh issue of 0.26 crore shares aggregating to ₹135.34 crores and an offer for sale of 0.06 crore shares aggregating to ₹32.59 crores.

The bidding process for the Gala Precision Engineering IPO commenced on 2nd September 2024 and concluded on 4th September 2024. The allotment results for this IPO are anticipated to be finalised on 5th September 2024. Furthermore, the shares of Gala Precision Engineering are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 9th September 2024.

The Gala Precision Engineering IPO price range has been established between ₹503 and ₹529 per share. Investors must apply for a minimum lot size of 28 shares, which requires a minimum investment of ₹14,812 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (392 shares), totalling ₹207,368. In contrast, for big non-institutional investors (bNII), the minimum investment is 68 lots (1,904 shares), amounting to ₹1,007,216.

PL Capital Markets Private Limited is the book-running lead manager for the Gala Precision Engineering IPO, and Link Intime India Private Ltd is designated as the registrar.