Gala Precision Engineering, a precision component manufacturer, announces its IPO on 2nd September, priced between Rs 503-529 per share.

Gala Precision Engineering, a precision component manufacturer, announces its IPO on 2nd September, priced between Rs 503-529 per share. The company aims to utilize IPO funds for a new Tamil Nadu facility, capital expenditure, and debt repayment. The IPO consists of a fresh share sale of Rs 135.34 crore and an offer-for-sale of up to 6,16,000 equity shares by promoters and existing shareholders. Subscription opens on 2nd, closes on 4th, and the shares are expected to list on 9th September.