Gala Precision Engineering IPO opens for subscription. Should you bid?

Gala Precision Engineering's IPO will open today, featuring a fresh equity sale of Rs 135 crore and an offer for sale of 6.16 lakh shares. The proceeds will fund a new manufacturing facility, capital expenditures, debt repayment, and corporate purposes. With a price band of Rs 503-529 per share, the IPO has garnered positive analyst reviews.