Gala Precision Engineering IPO GMP History
Gala Precision Engineering IPO has been listed on September 9, 2024 at a listing price of ₹721.1, against the issue price of ₹529 — a gain of ₹192.1 (+36.31%). The GMP peaked at ₹250 on 4 September 2024 and reached a low of ₹190 on 30 August 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Gala Precision Engineering IPO raised ₹167.93 Cr. through its IPO at a price band of ₹503 to ₹529 per share, with a lot size of 28 shares. The IPO was open for subscription from 02 Sep 2024 to 04 Sep 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:50 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 06 Sep 2024 | ₹ 240 | ▼ | 45% | — | — |
| 04 Sep 2024 | ₹ 250 | ▲ | 47% | — | — |
| 03 Sep 2024 | ₹ 225 | ▼ | 43% | — | — |
| 02 Sep 2024 | ₹ 250 | ▲ | 47% | — | — |
| 01 Sep 2024 | ₹ 230 | ▼ | 43% | — | — |
| 31 Aug 2024 | ₹ 250 | ▲ | 47% | — | — |
| 30 Aug 2024 | ₹ 190 | — | 36% | — | — |
Gala Precision Engineering IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 02 Sep 2024
- Close 04 Sep 2024
- Allotment 05 Sep 2024
- Refund/credit 06 Sep 2024
- Listing 09 Sep 2024
Gala Precision Engineering IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹529 |
|---|---|
| GMP-based estimate (pre-listing) | ₹769 (+45.4%) |
| Listing gain / loss | +₹192.1 per share |
| Listing date | 09 Sep, 2024 |
| Actual listing price | ₹721.1 (+36.31%) |
Is Gala Precision Engineering IPO GMP reliable?
Grey market premium for Gala Precision Engineering IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Gala Precision Engineering IPO full review for a fundamentals-based assessment before making any grey market trades.
Gala Precision Engineering IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Gala Precision Engineering IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Gala Precision Engineering IPO
Gala Precision Engineering Limited was incorporated as Gala Precision Engineering Private Limited on 23 February 2009. It is a precision component maker of technical springs.
Its products include disc and strip springs including wedge lock washers, coil and spiral springs, and special fastening solutions, supplied to OEMs, Tier 1 suppliers and channel partners.
They are used in renewable energy such as wind turbines and hydro power, and in industrial sectors such as electrical, off-highway equipment and infrastructure. Its promoters are Kirit Vishanji Gala and Smeet Kirit Gala.
The IPO was Rs 167.93 crore, with Rs 135.34 crore of fresh issue and Rs 32.59 crore of offer for sale by promoter group members and others. Rs 37.00 crore was planned for a new fastener plant near Sriperumbudur, Tamil Nadu, and Rs 45.43 crore for repaying borrowings.
Frequently asked
What is the GMP of Gala Precision Engineering IPO?
The current Grey Market Premium (GMP) of Gala Precision Engineering IPO is ₹ 240.
What is the Kostak Price of Gala Precision Engineering IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Gala Precision Engineering IPO is not available.
What is the Subject to Sauda Price of Gala Precision Engineering IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Gala Precision Engineering IPO?
Gala Precision Engineering IPO listed on September 9, 2024 at ₹721.1, against the issue price of ₹529 — a gain of +36.31%.
How did the GMP of Gala Precision Engineering IPO trend before listing?
The GMP of Gala Precision Engineering IPO was falling in its final days before listing. The GMP peaked at ₹250 on 4 September 2024. View the day-wise table above for the complete GMP history.
Explore Gala Precision Engineering IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
