Gala Precision Engineering IPO Proceeds Monitoring Report for Q1 FY27

Gala Precision Engineering Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by Crisil Ratings Limited, confirms that there were no deviations from the IPO's stated objectives. The company's IPO, which occurred from September 2-4, 2024, raised gross proceeds of ₹1,353.40 million, with net proceeds amounting to ₹1,212.35 million after deducting offer expenses of ₹141.05 million. The monitoring agency has reviewed the utilization of these funds against the IPO's objects.