The allotment status for the Gala Precision Engineering IPO is now available for investors. Those who participated in the IPO can check their status online to see if they have been allotted shares.
The Gala Precision Engineering IPO was open for subscription from September 2 to September 4. the final subscription numbers show that the retail investors’ portion was oversubscribed by 91.95 times, the non-institutional investors’ quota was oversubscribed by 414.62 times, and the qualified institutional buyers (QIBs) portion was oversubscribed by 232.54 times. The employee portion was also oversubscribed by 259.00 times.
This high level of subscription indicates strong investor interest in Gala Precision Engineering’s shares.
How to Check Allotment Status
Investors can check their allotment status using the following methods:
- Registrar’s Website:
- Visit the Link Intime India Private Ltd. website at Link Intime IPO Information.
- Select the IPO from the available options. Gala Precision Engineering will appear once the allocation is finalized.
- Enter your application number, PAN number, and application type (ASBA or non-ASBA).
- Click the button to check your allocation status.
- BSE Website:
- Visit the BSE allotment page to check your status at BSE Allotment Status.
- Select ‘Equity’ under ‘Issue Type’.
- Choose Gala Precision Engineering from the dropdown list.
- Enter your PAN number or application number.
- Complete the captcha and click ‘Submit’ to see your status.
- NSE Website:
- Visit NSE’s allotment status page at NSE IPO Allotment Status.
- Click ‘Click here to sign up’ to register with your PAN.
- Enter your username, password, and captcha code.
- Check your allotment status on the resulting page.
Next Steps
If you’ve been allotted shares, ensure that you pay the remaining subscription amount by the specified deadline. Payment details will be sent to you by the registrar or through your broker.
For those who did not receive shares, the refund process will start on September 6, and the invested amount will be returned.
The Grey Market Premium (GMP) for the Gala Precision Engineering IPO is currently ₹260. This indicates that shares are being traded at a premium of ₹260 above the IPO price in the grey market. The estimated listing price is around ₹789, approximately 49.15% higher than the IPO price of ₹529.
The GMP has been rising over the past 11 sessions, suggesting a strong listing performance. This increase reflects high demand and investor willingness to pay more than the issue price.
The Gala Precision Engineering IPO has generated significant interest from investors, as shown by the oversubscription rates. Checking the allotment status is simple and can be done online through the registrar’s website, BSE, or NSE. The GMP shows a positive outlook for the IPO, with shares trading at a premium in the grey market. Investors should keep an eye on the status and follow the necessary steps for payment or refunds as applicable.