Gala Precision Engineering's IPO was a huge success, with subscriptions soaring 201.41 times on the last day of bidding, September 4, 2024.
The issue drew bids for 44.79 million shares, far exceeding the 2.22 million shares available, within a price range of ₹503-529. This IPO has become the most subscribed of FY25 so far. Non-Institutional Investors subscribed 414.61 times, Qualified Institutional Buyers 232.54 times, and the Employee Portion 258.99 times. Retail investors saw a subscription rate of 91.94 times.