Gala Precision Engineering Limited is launching its Initial Public Offering (IPO) on September 2, with the subscription period ending on September 4. The company has set the IPO price range between ₹503 and ₹529 per share, each with a face value of ₹10.
The minimum price is 50.3 times the face value, while the maximum price is 52.9 times the face value. According to the company, the price-to-earnings (P/E) ratio for the fiscal year 2024 is 22.02 times at the upper price limit and 20.94 times at the lower price limit, compared to an industry average P/E ratio of 39.59 times.
Investors can bid for the IPO in lots of 28 shares. The allocation for anchor investors is set for August 30, ahead of the public subscription.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
