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HSB SECURITIES & EQUITIES LIMITED
Formerly known as HSE Securities Ltd
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Gala Precision Engineering Ltd.
Issue Open Date 02-Sep-24  
Issue Closing Date 04-Sep-24  
Application Money 100  
Allotment Money  
Price Band () 503 - 529  
Minimum Bid Quantity. 28  
Issue Size (Shares) 2223830  
Market Lot 1  
Objective

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 our Company.4. General corporate purposes.

Business Description

We are a leading precision component manufacturer of technical springs like disc & strip springs (“DSS”) including wedge lock washers; coil & spiral springs (“CSS") and special fastening solution (“SFS”) supplying to original equipment manufacturers (“OEMs”), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sect...

Promoter's Holding
Total Share Capital   7538864  
Offered to Public   3174416  
Promoter's Holding (Pre-Issue)   74.56  
Promoter's Holding (Post-Issue)   55.44  
Address
Address :A-801
8th Floor
Thane One Dil Complex
Ghodbunder Road
Majiwade
Thane (West)
City :Thane, State :Maharashtra Pincode :400610 Phone :022-69309224 Email : info@galagroup.com Website : www.galagroup.com
Registrar
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
PL Capital Markets Pvt Ltd
Promoters
Kirit Vishanji Gala
Smeet Kirit Gala

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Registration No.s:- SEBI Registration No: INZ000179235, BSE: 902, NSE: 11030, CDSL/NSDL Sebi Regn No: IN-DP-382-2018, CDSL DP ID: 54500, NSDL DP ID: IN302734, CIN: U67120TG1999PLC032788.

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