CosmicTaco
Gala Precision IPO Oversubscribed
- Gala Precision Engineering's IPO was subscribed over 20 times on day 2.
- The NII category led with 41.5 times subscription, while retail booked 22.5 times.
- Employee reserved category subscribed 68.2 times; QIBs at 90%.
- GMP for Gala Precision is Rs 270, a 51% premium.
- Proceeds will fund a new facility, equipment, debt repayment, and corporate purposes.
18mo ago
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