Gala Precision Engineering IPO subscribed 201.41 times on Final Day, the most since the start of FY25

The Initial Public Offering of Gala Precision Engineering Limited was subscribed 201.41 times on the final day of bidding, the most since the start of FY25.

The issue received bids of 44,78,95,196 shares against the offered 22,23,830 equity shares, at a price band of ₹503-529, according to the data available on the stock exchanges.

Non-Institutional Investors Portion and Qualified Institutional Buyer Portion were subscribed 414.61 times and 232.54 times respectively, whereas Employee Portion was subscribed 258.99 times. Retail Portion was subscribed 91.94 times.

PL Capital Markets Private Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

Source : Equity Bulls

Keywords

GalaPrecisionEngineering FundRaising IPO OverSubscription