CosmicTaco

Gala Precision IPO Oversubscribed

CosmicTaco · 2024-09-03T12:43:20.841068+05:30

- **Gala Precision Engineering's IPO** was subscribed over 20 times on day 2. - The **NII category** booked the issue by 41.5 times, and the **retail category** by 22.5 times. - The **employee reserved category** subscribed 68.2 times, while **QIBs** subscribed 90%. - The **GMP** for Gala Precision Engineering is Rs 270, a 51% premium in the unlisted market. - Proceeds will fund a new facility, equipment purchase, debt repayment, and general corporate purposes.

Gala Precision Engineering's IPO was subscribed over 20 times on day 2.
The NII category booked the issue by 41.5 times, and the retail category by 22.5 times.
The employee reserved category subscribed 68.2 times, while QIBs subscribed 90%.
The GMP for Gala Precision Engineering is Rs 270, a 51% premium in the unlisted market.
Proceeds will fund a new facility, equipment purchase, debt repayment, and general corporate purposes.