Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs).

The company’s products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway. The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs. The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high-tensile fasteners to expand the product portfolio with new products like bolts.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• It is a well-established manufacturer of precision engineering solutions with diverse product portfolio for multiple user industries.
• It has long-standing relationships of over 15 years with both Indian and global OEM and Tier 1 customers.
• It has well equipped manufacturing facilities along with in-house design and other capabilities which offer scale, flexibility, and comprehensive solutions.
• It has an experienced management team supported by large, diverse, and skilled work force.
• It has a track record from incorporation of consistent financial growth and performance characterized by operational efficiency and high repeat business.
• It is certified as a great workplace in the category of “Mid-size organisations” by the Great Place to Work Institute, India. The certificate is valid from November 2023 to November 2024.

1. Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts;
2. Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
3. Repayment/ prepayment, in full or part, of certain borrowings availed by the company; and
4. General corporate purposes.

The company is into home appliances & Precision business. As on FY24 earnings, the IPO is valued at 24.04 time of P/E multiple. Hence, Investor may subscribe for medium to long term perspective.