The allotment of shares for the Gala Precision Engineering Initial Public Offering (IPO) is scheduled to be finalized today, Thursday, September 5. Investors who have applied for shares in the IPO can check their allotment status through the official IPO registrar portal, managed by Link Intime India Private Ltd. The IPO opened for subscription on Monday, September 2, and closed on Wednesday, September 4. It received a strong response from investors, with a subscription status of 201.41 times, according to data from the Bombay Stock Exchange (BSE).
How to Check Gala Precision Engineering IPO Allotment Status?
There are a few simple steps to check if you have been allotted shares in the Gala Precision Engineering IPO. You can check your status on the registrar’s website, the BSE, or the National Stock Exchange (NSE).
1. Check Allotment Status on Registrar’s Site: Link Intime India Private Ltd
To check your status on the official registrar’s website, follow these steps:
- Step 1: Visit the Link Intime India Private Ltd website at linkintime.co.in.
- Step 2: From the drop-down menu, select “Gala Precision Engineering IPO” after the allocation process is completed.
- Step 3: Choose the option to view by Application No., Demat Account, or PAN.
- Step 4: Select whether you applied through ASBA (Applications Supported by Blocked Amount) or non-ASBA.
- Step 5: Enter the relevant details as required.
- Step 6: Complete the captcha and click the “Submit” button to view your status.
2. Check Allotment Status on BSE’s
- Go to the BSE allotment page at bseindia.com.
- Choose “Equity” from the “Issue Type” dropdown menu.
- Select “Gala Precision Engineering IPO” from the “Issue Name” dropdown.
- Enter your PAN or application number.
- Verify you’re not a robot and click “Submit” to view your allotment status.
3. Check Allotment Status on NSE’s Website
To check the status on the National Stock Exchange (NSE) website, follow these steps:
- Navigate to the NSE allotment page at nseindia.com.
- Register by clicking “Click here to sign up” and entering your PAN details.
- Log in using your username, password, and captcha code.
- Check your IPO allotment status on the following page.
For successful applications, the number of allotted shares will be displayed. If you weren’t allocated any shares, refunds will be processed on Friday, September 6. Shares for successful applicants will be credited to their Demat accounts on the same day. The Gala Precision Engineering IPO will officially list on the stock exchange on Monday, September 9.
Currently, the Grey Market Premium (GMP) for Gala Precision Engineering shares is ₹260, indicating strong pre-listing demand. The expected listing price, factoring in the upper end of the IPO price range and the GMP, is approximately ₹789 per share about 49.15% higher than the IPO price of ₹529. GMP reflects investor enthusiasm and how much they’re willing to pay above the issue price.
With considerable interest in the Gala Precision Engineering IPO, investors are keenly awaiting the final allotment results. Review your status by following the steps provided above.
