Gala Precision IPO Proceeds Monitoring Report Q2 FY27

Gala Precision Engineering Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by Crisil Ratings Limited, details the utilization of proceeds from the company's Initial Public Offer (IPO). The company's IPO, which took place from September 2 to September 4, 2024, raised gross proceeds of ₹1,353.40 million, with net proceeds of ₹1,212.35 million after deducting offer expenses of ₹141.05 million. Crisil Ratings confirmed that there were no deviations from the stated objects for the utilization of these funds during the reporting quarter. The report also includes issuer details, promoter information, and the industry sector.