New Delhi: Gala Precision Engineering's IPO has opened on September 2. Investors will be able to bid in this IPO till September 4. The company's shares will be listed on BSE and NSE on September 9. The company will raise Rs 167.93 crore through the issue and will issue 2,558,416 fresh shares worth Rs 135.34 crore. Along with this, the existing investors of the company will sell 616,000 shares worth Rs 32.59 crore through Offer for Sale (OFS).

Information related to Gala Precision Engineering

• IPO Open Date - September 2
• IPO Close Date - September 4
• Share allotment - September 5
• Refund - September 6
• Shares credit in demat account - September 6
• Share listing - September 9

How much can you invest

Gala Precision Engineering has fixed the price band for this IPO at Rs 503 to Rs 529. There are 28 shares in 1 lot of this issue. According to the upper price band, Rs 14,812 will have to be invested for one lot. Retail investors can apply for a maximum of 13 lots. In such a situation, investors can invest a maximum of Rs 192,556 in this IPO.

Gala Precision Engineering IPO Subscription Status 

Gala Precision Engineering's IPO has been subscribed 9.11 times till the time of writing the news. According to BSE, bids for 22,23,830 shares have been received so far.