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Gala Precision Engineering Limited IPO

  September 3,2024

The company is a prominent precision component manufacturer, supplying a range of technical springs and special fastening solutions to original equipment manufacturers (OEMs), Tier 1 suppliers, and channel partners across the globe. Their product portfolio includes disc & strip springs (DSS), coil & spiral springs (CSS), and special fastening solutions (SFS), which are integral components in various sectors such as renewable energy, industrial applications, mobility segments, and more.

The company’s DSS products, including wedge lock washers (WLW), are widely used in renewable energy, railways, automobiles, heavy machinery, and electrical equipment. The company has established a strong presence in the global DSS market, holding a 2% share globally and a 10% share in the Indian market. Particularly in the renewable energy sector, they command a dominant 70% share of the domestic market and a 3% share globally. Their DSS products conform to German DIN 2093 standards and are customized to meet specific requirements, enhancing their competitiveness in the market

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