New Delhi: Gala Precision Engineering Limited IPO has received a strong response from investors. The public offer which opened for subscription on September 2, 2024 subscribed 10.96 times on the first day. In the retail category, the IPO got subscribed 12.36 times, in the qualified institutional buyers (QIB) category it received a subscription of 0.86 times, and 20.80 times in the Non-Institutional Investors (NII) category. The offer will close for subscription on September 4.
Book running lead manager of Gala Precision Engineering IPO: PL Capital Markets Private Limited. while Link Intime India Private Ltd is the registrar for the issue.
Gala Precision Engineering IPO GMP, subscription status
The Gala Precision Engineering IPO price band has been set at Rs 503 to Rs 529 per equity share. The company raised Rs 50.29 crore from its anchor investors. Gala Precision Engineering IPO GMP today stands at Rs 268, as per investorgain reported. With the price band in the range of Rs 503-529, the shares are likely to be listed at a premium of over 50 per cent. Note: GMP figures are not official.
Gala Precision Engineering IPO allotment is expected to be finalised on September 5, 2024. The share of precision components maker shares will list on BSE, NSE with a tentative date fixed on September 9. The shares are expected to be credited to the demat accounts of eligible investors on September 6 and the refunds process is likely to begin on the same day.
The minimum amount of investment required by retail investors to invest in Gala Precision Engineering IPO is Rs 14,812. NIIs are required to make a minimum bid for 14 lots, while for bNII, it is 68 lots.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Gala Precision Engineering Limited IPO GMP is going very strong, The IPO will close for subscription on September 4, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
