Gala Precision Engineering Ltd. raised Rs 50.3 crore from anchor investors on Friday, ahead of its initial public offering. The company allotted 9.5 lakh shares at Rs 529 apiece to eight anchor investors. Negen Undiscovered Value Fund got the highest allocation of 30.39%. Nav Capital VCC- Nav Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, India Emerging Giants Fund, Finavenue Capital Trust- Finaveneu Growth Fund, Chhattisgarh Investments got 9.94% stake in the company.