Gala Precision Engineering IPO sails through within 1 hour of bidding. Check GMP and other details

The IPO of Gala Precision Engineering, which opened today, was oversubscribed within an hour, showing strong demand from retail and non-institutional investors. The employee-reserved category was highly subscribed, but qualified institutional buyers did not place any bids yet. The proceeds will be used for new facility establishment, equipment procurement, debt repayment, and corporate purposes.