Gala Precision Engineering Limited — Others, 15-05-2025: Monitoring Agency Report

Gala Precision Engineering Limited has announced the Monitoring Agency Report by Crisil Ratings on its IPO fund utilization. The company raised Rs 135.34 crore through the IPO, with net proceeds of Rs 121.24 crore. So far, Rs 61.71 crore has been used mainly to fully repay debt and partially for a new facility in Tamil Nadu and machinery in Maharashtra. Deployment towards capacity expansion is delayed, with remaining funds parked in fixed deposits yielding 7-8%. The company plans to use the unutilized amount as needed, indicating cautious capital management post-IPO.