Gala Precision Engineering Ltd. has announced public offering of 3174416 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 519.00 per share. The gross proceeds of the issue are expected to be Rs 16,792.66 lakhs.

The company's initial public offer (IPO) will open on 02 September 2024 and is expected to close on 04 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 503.00-529.00 per share.

The IPO includes a fresh Issue of 3174416 Equity Shares of the Company at an price of Rs 529.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 28 shares with bids in multiples of 28.

Gala Precision Engineering Ltd. anticipates using the proceeds of the issue for .

PL CAPITAL MARKETS PVT. LTD. as lead manager & Link intime India Pvt. Ltd. is the registrar, to the issue.