1.Company Information

Incorporated in February 2009, Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs). The company's products are used in sectors such as electrical, off-highway equipment, infrastructure, and general engineering, as well as in mobility segments such as automotive and railway. The company has supplied its technical springs and high tensile fasteners to customers in several countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden, and Switzerland, making it a crucial link in the global supply chain for OEMs. The company's business primarily comprises of two divisions: (i) the Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS, (ii) SFS, producing anchor bolts, studs, and nuts. As of March 30, 2024, the company has more than 175 customers in 25 plus countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland. The company has two manufacturing facilities in Wada District, Palghar, Maharashtra, with capabilities to design, develop, and manufacture a diverse product portfolio. Additionally, a new manufacturing facility is being set up in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, focusing on developing high-tensile fasteners to expand the product portfolio with new products like bolts. As of June 30, 2024, the company has 294 permanent employees and 390 contract employees. The permanent workforce includes 182 manufacturing workers, 19 employees for stores and logistics, 19 employees for quality assurance, 14 employees for tool room development and maintenance, and 22 employees for human resources and administration.

2. Objects of the Issue

1. Well established manufacturer of precision engineering components with diversifiedproduct portfolio and diverse market
2. Long-standing customer relationships with both Indian and global OEM and Tier 1 players
3. Well-equippedmanufacturing facilities along with in-house design and other capabilities which offer scale, flexibility, and comprehensive solutions
4. Experienced management team supported by large, diverse and skilled work force
5. Track record of consistent financial growth and performancecharacterized by operational efficiency and high repeat business

3. Gala Precision Engineering IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: galaprecision.ipo@linkintime.co.in

Website:https://linkintime.co.in/initial_offer/public-issues.html