Gala Precision Engineering IPO Subscription Status
Gala Precision Engineering IPO was subscribed 201.41 times when bidding closed on 4 Sep 2024: QIB 232.54x, NII 414.62x, Retail 91.95x.
The Gala Precision Engineering IPO has been subscribed 201.41x times overall. Retail investors have shown interest with bids for 91.95x the shares available. The Non-Institutional Investor (NII) category has been subscribed 414.62x. Within NII, Big HNI (B-HNI) subscribed 439.67x and Small HNI (S-HNI) subscribed 364.54x. Qualified Institutional Buyers (QIBs) have subscribed 232.54x. Data last updated on 10 Nov, 06:50 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 02 Sep, 2024 and closes on 04 Sep, 2024. The shares are expected to list on stock exchanges on 09 Sep, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 232.54x |
| NII | - of - - | 414.62x |
bHNI — bid amount above ₹10 Lakh |
- - | 439.67 |
sHNI — bid amount ₹2–10 Lakh |
- - | 364.54 |
| Retail | - of - - | 91.95x |
| Employee | - of - - | 258.95x |
| TOTAL | - - | 201.41x |
Gala Precision Engineering IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 92 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 232.54x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
04 Sep 2024
Day 3 |
201.41x | ▼ | |
|
QIB232.54x
BHNI439.67x
SHNI364.54x
Retail91.95x
Employee258.95x
|
|||
|
03 Sep 2024
Day 2 |
52.21x | ▼ | |
|
QIB5.06x
BHNI128.28x
SHNI142.24x
Retail44.21x
|
|||
|
02 Sep 2024
Day 1 |
10.71x | ▼ | |
|
QIB0.86x
BHNI16.13x
SHNI29.3x
Retail11.99x
|
|||
Gala Precision Engineering IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | NEGEN UNDISCOVERED VALUE FUND | NEGEN | ₹15.28 Cr | 30.39% | |
| 2 | NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND | NAV CAPITAL | ₹5.00 Cr | 9.94% | |
| 3 | COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND | COGNIZANT | ₹5.00 Cr | 9.94% | |
| 4 | INDIA EMERGING GIANTS FUND LIMITED | - | ₹5.00 Cr | 9.94% | |
| 5 | FINAVENUE CAPITAL TRUST - FINAVENUE GROWTH FUND | FINAVENUE | ₹5.00 Cr | 9.94% | |
| 6 | CHHATISGARH INVESTMENTS LTD. | - | ₹5.00 Cr | 9.94% | |
| 7 | GAGANDEEP CREDIT CAPITAL PRIVATE LIMITED | - | ₹5.00 Cr | 9.94% | |
| 8 | RESONANCE OPPORTUNITIES FUND | - | ₹5.00 Cr | 9.94% | |
| TOTAL | ₹50.28 Cr | 99.97% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Gala Precision Engineering IPO?
As of IPO close date (04 Sep, 2024), the Gala Precision Engineering IPO is subscribed 201.41x times. Retail category is 91.95x, and NII is 414.62x subscribed.
When is the allotment date for Gala Precision Engineering IPO?
The allotment for Gala Precision Engineering IPO is expected to be finalized on 05 September, 2024.
What is the GMP of Gala Precision Engineering?
The Grey Market Premium (GMP) for Gala Precision Engineering is currently ₹240, indicating a potential listing gain of 45%.
When will Gala Precision Engineering IPO list on the stock market?
Gala Precision Engineering is scheduled to list on BSE and NSE on 09 September, 2024.
What are the chances of getting allotment in Gala Precision Engineering IPO?
The retail category is oversubscribed at 91.95x, meaning allotment is by lottery. Statistically, approximately 1 in 92 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 232.54x mean for Gala Precision Engineering IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 232.54x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Gala Precision Engineering IPO allotment status?
After the allotment date (05 Sep, 2024), you can check your Gala Precision Engineering IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Gala Precision Engineering IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
