IPO News: Gala Precision Engineering
Price Band and IPO Dates Announced
Gala Precision Engineering, a leading manufacturer of precision engineering components, has announced its IPO details. The IPO will open on September 2nd, 2023, with a price band set at ₹503-529 per share.
Key Highlights:
- IPO opens: September 2nd, 2023
- Price band: ₹503-529 per share
- Company: Gala Precision Engineering
- Industry: Precision engineering components
The IPO is expected to raise around ₹1,000 crore, which the company plans to use for expansion and working capital requirements.
Gala Precision Engineering is a leading supplier of precision engineering components to various industries, including automotive, aerospace, and healthcare. The company has a strong track record of growth and profitability, and is expected to continue to benefit from the growing demand for precision engineering components.
The IPO is being managed by ICICI Securities, Axis Capital, and Edelweiss Financial Services. Interested investors can apply for the IPO through their respective brokerage accounts.
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