<ul><li>Gala Precision Engineering is expected to announce its IPO share allotment status on Thursday, September 5.</li><li>The shares of Gala Precision Engineering were subscribed 201.41 times.</li><li>The Gala Precision Engineering shares are expected to be listed on the stock exchanges on September 9.</li></ul>Maharashtra-based Gala Precision Engineering, a manufacturer of precision components such as disc and strip springs, special fastening solutions and more is expected to announce the allotment status of its initial public offering (IPO) on Thursday, September 5. The <keyword id="23026012" type="General" weightage="20" keywordseo="Gala-Precision-Engineering-IPO" source="keywords">Gala Precision Engineering IPO</keyword> opened on September 2 and closed on September 4. The price band for the Gala Precision Engineering IPO was ₹503 to ₹529 per share. <h2>Gala Precision Engineering IPO subscription status</h2>On its last day, the Gala Precision Engineering IPO was subscribed 201.41 times, receiving bids for 44.79 crore equity shares against 22.24 lakh shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 232.54 times, the non-institutional investor's portion was subscribed 414.62 times. The retail portion was subscribed 91.95 times. The employee portion was subscribed 258.96 times. <h2>Gala Precision Engineering IPO Grey market premium</h2>The shares of Gala Precision Engineering are currently commanding a grey market premium (GMP) of ₹230 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check the Gala Precision Engineering IPO’s allotment status</h2>You can check the <keyword id="23040488" type="General" weightage="100" keywordseo="Gala-Precision-Engineering-IPO-allotment" source="Orion">Gala Precision Engineering IPO allotment</keyword> status on the registrar’s website. <ul><li>To check the Gala Precision Engineering IPO allotment status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>. </li><li>Click on ‘Select Company’ and then select ‘Gala Precision Engineering’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on submit. </li></ul>You will be able to see your Gala Precision Engineering IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Gala Precision Engineering IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Gala Precision Engineering’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of Gala Precision Engineering shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your Gala Precision Engineering IPO allotment status on NSE. <h2>Gala Precision Engineering IPO listing date</h2>The shares of Gala Precision Engineering will be listed on the stock exchanges on September 9. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-declined-in-august-2024-but-year-on-year-growth-continues/articleshow/113050150.cms">Electric two-wheeler sales declined in August 2024, but year-on-year growth continues</a> <a href="https://www.businessinsider.in/business/auto/news/august-auto-sales-maruti-suzuki-tata-motors-and-others-report-a-decline-in-sales/articleshow/113016216.cms">August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales</a> <a href="https://www.businessinsider.in/business/auto/news/tata-curvv-vs-hyundai-creta-which-car-should-you-buy/slidelist/113026725.cms">Tata Curvv vs Hyundai Creta – which car should you buy?</a>

Gala Precision Engineering IPO allotment – How to check allotment, IPO GMP, listing date and more

Gala Precision Engineering IPO – Price band to risk factors, all you need to know

<ul><li><keyword id="20623836" type="General" weightage="20" keywordseo="Gala-Precision-Engineering-IPO" source="Orion">Gala Precision Engineering IPO</keyword> has been fully subscribed within minutes after opening.</li><li>The ₹168 crore IPO from the company will close on Wednesday, September 4.</li><li>Gala Precision Engineering Ltd has fixed a price band of ₹503-529 per share</li></ul>The initial public offer (IPO) of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday. The IPO will close on Wednesday, September 4. Gala Precision Engineering is a precision component manufacturer of technical springs like disc &amp; strip springs (DSS); coil &amp; spiral springs (CSS) and Special Fastening Solutions (SFS). The company supplies its products to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy, including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipment, infrastructure and general engineering, mobility segments such as automotive and railways. The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 AM. The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non-institutional investors was subscribed 2.54 times. Gala Precision Engineering Ltd has fixed a price band of ₹503-529 per share for its ₹168 crore <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">initial public offering</keyword> (IPO). The IPO includes a fresh issue of 25.58 lakh equity shares worth ₹135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at ₹32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to ₹168 crore at the upper end of the price band of ₹529. Proceeds from the fresh issue will be used for setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbudur in Tamil Nadu for manufacturing high tensile fasteners and hex bolts; purchase of equipment, plant and machinery at Wada, Palghar in Maharashtra; payment of debt and general corporate purposes. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. With inputs from agencies. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/webstories/realme-13-plus-5g-vs-iqoo-z9s-pro-battle-of-the-under-25000-smartphones/slidelist/112924868.cms">Realme 13 Plus 5G vs iQOO Z9s Pro – Battle of the under ₹25,000 smartphones</a> <a href="https://www.businessinsider.in/stock-market/webstories/baazar-style-retail-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112920678.cms">Baazar Style Retail IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-september-2024/slidelist/112917920.cms">Upcoming cars launching in India in September 2024</a>

Gala Precision Engineering IPO fully subscribed within minutes on day one

On the second day of the offer, Gala Precision Engineering's IPO was already oversubscribed by 43x in the retail investor's category and was fully subscribed to within minutes of opening yesterday. The <keyword id="23026014" type="General" weightage="20" keywordseo="precision-component-manufacturer" source="keywords">precision component manufacturer</keyword>'s products, including disc and strip strings and special fastening solutions, have massive applications in <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword>, infrastructure, hydropower, and railways. While the IPO closes for subscription tomorrow, the company, which was looking to raise Rs 167.93 crore, has so far already garnered Rs 6,119.45 crore. In case this euphoria happens to be your sole trigger to invest in Gala Precision's IPO, or you have a FOMO (fear of missing out) on a seemingly lucrative investment opportunity, its time to take a step back. A recent SEBI analysis of 144 mainboard IPOs which debuted on bourses between April 2021 and December 2023 notes that retail investors sold 54% of the shares they've been allotted within a week of the company's listing. Clearly, the focus is solely on earning short-term listing gains, and not on long-term wealth creation. Hence, before investing in this, or any IPO, it is important to assess the risks involved, and expert's view on the same. This will help you can decide whether any new company's IPO is a no-go, a short-term or long-term investment opportunity. We decode the risks associated with Gala Precision, and what experts anticipate from this IPO for you. Concentration of customers, suppliers While the company supplies its <keyword id="23026013" type="General" weightage="20" keywordseo="technical-springs" source="keywords">technical springs</keyword> and <keyword id="23026021" type="General" weightage="20" keywordseo="high-tensile-fasteners" source="keywords">high tensile fasteners</keyword> to Germany, Italy, Brazil, USA and more, Gala Precision does not have any exclusive or long-term arrangement with any of its suppliers. At present, the company procures raw materials from around 79 suppliers, from which the company purchases products. Moreover, it has a high dependency on its top 10 suppliers, which make up for more than 50% of its purchases during FY24. Gala Precision demonstrates a similar, heavy reliance on its customers as well. The company has a client base of about 175 clients spread across 25 countries. Notwithstanding a lack of formal, exclusive agreement with its customers, which means that the existing customers have no obligations to place fresh orders with them, its top 10 customers drove in 47.48% of the company's total revenue in FY24. The trend has largely remained even, with these customers steering in 41.86% and 45.48% of the company's total revenue in FY23 and FY22, respectively. Apart from this concentration in terms of suppliers and customers, the company also relies significantly on its spring technology business, which brought about 80% of Gala's total revenue in 2024. Naturally, any downturn or lack of demand for these products will have an adverse impact on the company's revenue. Between FY23 and FY24, the company's PAT (profit after tax) also dipped by about 8%, from Rs 24.21 crore in FY23 to Rs 22.33 crore in FY24. Gala Precision also has an ongoing patent infringement suite worth about Rs 2 crore. An adverse outcome here could impact the company's finances in future. Also, the company's contingent liabilities reserve are of Rs 9 crore, out of which around Rs 3 crore have been earmarked for disputed income tax demands, which could present themselves in the near future. Expert Opinion: Subscribe, but for the long term Most experts, however, advise investors to approach the IPO from a medium to long term perspective, and not just for mere listing gains. Per Swastika Investmart, "the IPO's valuation aligns with industry benchmarks. Given current market trends and the increasing demand for precision components, GPEL is poised for a successful listing and sustained growth". According to Anand Rathi Research, "the company has a varied product portfolio across multiple markets and have built enduring relationships with their customers. The company's P/E ratio is 30.0 times based on its FY24 earnings, with a market capitalization of ₹6,702 million after the issuance of equity shares and a market cap-to-sales ratio of 3.3 times its FY24 earnings. We believe that the issue is fairly priced, therefore we recommend “Subscribe – Long Term” rating to the IPO". As MasterTrust Capital puts it, "The Indian market for CSS is expected to grow at a CAGR of 9.8% during FY24-27. The company has positioned itself to take advantage of these trends and has developed a notable market share in both its segment, both domestic and global. The company is focusing on strengthening its core capabilities in precision engineering for increased sustainability, along with that, they are moving up their operations up the value chain from niche markets to large addressable markets. Investors looking to invest can invest in the IPO for the medium to long term".

Gala Precision's IPO oversubscribed 40x on 2nd day! But check these risks before investing here

<keyword id="22253039" type="General" weightage="20" keywordseo="Gala-Precision-Engineering" source="keywords">Gala Precision Engineering</keyword> Ltd on Tuesday said it has fixed a <keyword id="19911460" type="General" weightage="20" keywordseo="price-band" source="keywords">price band</keyword> of Rs 503-529 per <keyword id="20462036" type="General" weightage="20" keywordseo="share" source="keywords">share</keyword> for its Rs 168-crore initial public offering (<keyword id="19898327" type="General" weightage="20" keywordseo="IPO" source="keywords">IPO</keyword>). The initial share sale will open on September 2 and conclude on September 4, the company announced. The IPO is a combination of a fresh issue of 25.58 lakh <keyword id="20035340" type="General" weightage="20" keywordseo="equity-shares" source="keywords">equity shares</keyword> worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529. Proceeds from the fresh issue will be used for setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbudur in Tamil Nadu for <keyword id="19914449" type="General" weightage="20" keywordseo="manufacturing" source="keywords">manufacturing</keyword> high tensile fasteners and hex bolts; purchase of equipment, plant and machinery at Wada, Palghar in Maharashtra; payment of debt and general corporate purposes. Gala Precision Engineering is a precision component manufacturer of technical springs like disc &amp; strip springs (DSS); coil &amp; spiral springs (CSS) and special fastening solution (SFS). The company supplies its products to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy, including wind turbine and hydropower plants, various industrial sectors such as electrical, off highway equipment, infrastructure and general engineering, mobility segments such as automotive and railways. The company's revenue from operations was Rs 202.54 crore in fiscal 2023-24 and profit after tax stood at Rs 22.33 crore. Investors can bid for a minimum of 28 equity shares and in multiples of 28 equity shares thereafter. PL Capital Markets Pvt Ltd is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-to-be-launched-on-september-9-heres-everything-we-know-so-far/articleshow/112828818.cms">Apple iPhone 16 to be launched on September 9 – here’s everything we know so far</a> <a href="https://www.businessinsider.in/stock-market/news/a-company-with-8-employees-looking-to-raise-12-crore-ended-up-getting-applications-worth-over-4700-crore/articleshow/112824522.cms">Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!</a> <a href="https://www.businessinsider.in/tech/news/telegram-comes-under-the-scanner-in-india-for-extortion-and-gambling-will-it-be-banned-in-india/articleshow/112807370.cms">Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?</a>

Gala Precision Engineering IPO to open on Sep 2; price band set at ₹503-529/share

<keyword id="19981453" type="General" weightage="20" keywordseo="Brainbees-Solutions" source="keywords" meta.keywordsubtype="org" meta.entityname="Brainbees Solutions" meta.hostid="261" meta.entityid="Brainbees Solutions">Brainbees Solutions</keyword> Ltd, the parent firm of online e-commerce platform <keyword id="19939174" type="General" weightage="20" keywordseo="FirstCry" source="keywords" meta.keywordsubtype="org" meta.entityname="FirstCry" meta.hostid="261" meta.entityid="FirstCry">FirstCry</keyword>, has received <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="261" meta.entityid="Sebi">Sebi</keyword>'s approval to raise funds through an initial public offering (<keyword id="19898327" type="General" weightage="20" keywordseo="IPO" source="keywords">IPO</keyword>), an update with the markets regulator showed on Monday. Apart from this, three more companies -- SaaS platform Unicommerce eSolutions, Maharashtra-based Gala Precision Engineering and Interarch Building Products -- obtained the regulator's nod to float the initial share sale. These companies -- who filed their preliminary IPO papers with Sebi between January and May 2024 -- obtained the regulator's observations during June 25-28, according to the update. In Sebi's parlance, obtaining its observations means its approval to float the public issue. According to the fresh draft red herring prospectus (DRHP), Pune-based Brainbees Solutions' proposed IPO is a combination of a fresh issue of equity shares, aggregating up to Rs 1,816 crore and an offer for sale (OFS) of up to 5.44 crore equity shares by existing shareholders. Under the OFS, SVF Frog, a Cayman Islands-registered entity of <keyword id="19944037" type="General" weightage="20" keywordseo="Softbank" source="keywords" meta.keywordsubtype="org" meta.entityname="Softbank" meta.hostid="261" meta.entityid="Softbank">Softbank</keyword>, will sell 2.03 crore equity shares of Brainbees Solutions Ltd, and automaker Mahindra &amp; Mahindra (M&amp;M) will offload 28.06 lakh shares of the company. Currently, Softbank holds a 25.55 per cent stake in Brainbees Solutions, and M&amp;M owns a 10.98 per cent stake in the multi-brand retailing platform. Apart from Softbank and M&amp;M, other entities selling shares in the OFS are PI Opportunities Fund, TPG, NewQuest Asia Investments, Apricot Investments, Valiant Mauritius, TIMF Holdings, Think India Opportunities Fund and Schroders Capital. Brainbees Solutions re-filed preliminary papers with Sebi in May after the company was directed by the regulator to re-file the draft papers, citing insufficient disclosure of key performance indicators (KPIs), market sources had said. The company's key performance indicators include its number of orders, average order value and annual transacting customers. Unicommerce's issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders. Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of Japan's SoftBank, will offload 1.61 crore shares, promoter AceVector Limited (formerly known as Snapdeal Limited) will sell up to 1.14 crore shares, and B2 Capital Partners will be selling up to 22 lakh shares. Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders. Shares of these four companies will be listed on the BSE and NSE. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank">Vraj Iron and Steel IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank">Upcoming smartphones launching in India in July 2024</a>

FirstCry's parent firm Brainbees Solutions gets Sebi's go ahead to float IPO

<ul class="summary-list"><li><keyword id="12627305" type="UNKNOWN" weightage="60" keywordseo="virgil-abloh" source="Orion">Virgil Abloh</keyword>, Off-White founder and Louis Vuitton's first Black artistic director, died last month at 41.</li><li>One of his last public appearances was in Doha for the opening of a <a href="https://www.dohanews.co/hypebeasts-rejoice-qatar-museums-to-host-virgil-abloh-exhibit/">retrospective</a> of his work.</li></ul>Doha – In 2017, Vaorin Marwah was scrolling through his Instagram feed when a pair of sneakers caught his eye.Though designers from Balenciaga to Dior had embraced the high-end sneaker market for years by that point, there was something different about these Nikes. A strategically-placed, bright red zip tie dangled from the laces, and the word "shoelaces" was scrawled across them. A menswear designer himself in <keyword id="6354539" type="UNKNOWN" weightage="60" keywordseo="dubai" source="Orion">Dubai</keyword> whose designs featured in the pages of <a href="https://www.instagram.com/p/CWIVsrnvHU0/">VOGUE Arabia</a>, Marwah was fascinated by how such ordinary things could transform a pair of deconstructed-looking sneakers, which would eventually fetch well over $1,000 on secondary markets. He had to know more. The shoes were a collaboration between Nike and Off-White, a high-end streetwear brand founded by the American designer <a href="https://www.businessinsider.com/who-is-virgil-abloh-the-so-called-millennial-karl-lagerfeld-2020-3">Virgil Abloh</a> that was becoming ubiquitous in Dubai, a city where Chanel, Moncler, Fendi and Bottega Veneta designs are a common site for people out for a casual day of shopping.Marwah, who mixes precisely tailored made-to-measure staples of men's suiting and updated versions of the kurtas and sherwanis of his native India, wasn't alone. Each iteration of Virgil x Nike – with <a href="https://www.gqindia.com/look-good/content/its-official-virgil-abloh-will-release-50-nike-trainers-this-summer">50 pairs</a> slated for 2021 alone – sold out immediately. Everyone from <a href="https://youtu.be/X11Cw1KptEw">Youtubers</a> to influential style blogs like <a href="https://www.highsnobiety.com/p/virgil-abloh-off-white-zip-ties/">High Snobiety</a> debated whether the zip ties were merely a stylistic flourish — a play on an otherwise overlooked piece of hardware — or if they were meant to be cut off and tossed aside. It wasn't until 2019, two years after the initial release, that the matter was finally settled. <div type="image" title="A man addresses an audience with a display of sneakers seen in the foreground." height="2400" width="3600" msid="88212403" hostid="261"></div>Abloh himself eventually took to <a href="https://twitter.com/virgilabloh/status/1164951529314488320">Twitter</a> to say the "ultimate idea was … to use [the zip ties] with all your other pairs of shoes to DIY make your own versions of Off-White™sneakers."That answer was in many ways the essence of Abloh's belief in the "three-<a href="https://www.newyorker.com/magazine/2019/03/18/virgil-abloh-menswears-biggest-star">per-cent</a> approach," the idea that you can make a new design by altering the original by at least 3 percent. In his early days, Abloh had stirred up controversy by screen printing onto discounted Ralph Lauren flannels and then selling the new creations for many times their original price. He wanted to empower the consumer to become their own designer, mixing and matching items as they saw fit. It wasn't just Abloh's distinct design aesthetic, utilizing the signifiers of construction work, street art and skate culture that gained Marwah's attention. Marwah, who launched his own eponymous collection in 2012, was also inspired by the designer's meteoric rise to the highest echelons of the <keyword id="11893303" type="UNKNOWN" weightage="60" keywordseo="fashion" source="Orion">fashion</keyword> industry. In 2018, less than five years after he launched Off-White, Abloh was hand-picked by LVMH as the Artistic Director of menswear for Louis Vuitton. That same year, according to one fashion index, Off-White <a href="https://www.lyst.com/the-lyst-index/2018/q3/">unseated</a> Gucci as "the hottest brand on the planet."Only 38 at the time, Abloh became the first Black designer to head a house at LVMH, an industry titan that owns leading labels like Christian Dior, Kenzo, and Celine. The appointment also made Abloh one of only two Black designers to head a major French fashion house at the time, the other being Balmain's Olivier Rousteing.<div type="image" title="A man, seated, talks into a microphone as the words Qatar Creates appear behind him" height="2400" width="3600" msid="88212404" hostid="261"></div>"Middle Eastern designers are always striving to have their work recognized in Paris and New York, and Virgil's ability to expand his career so quickly has been an inspiration to all of us," Marwah said.This is how <a href="https://www.businessinsider.com/who-is-virgil-abloh-the-so-called-millennial-karl-lagerfeld-2020-3">Abloh</a>, who died of a rare form of cancer on Nov. 28, will be remembered by sneakerheads, fashionistas and influencers around the world. From his native Chicago to London to the Persian Gulf, Abloh has been celebrated as someone who managed to break down and push the boundaries of fashion in only a few years' time.That sentiment was on display in Doha – Dubai's less glitzy Persian Gulf neighbor – where a <a href="https://www.dohanews.co/hypebeasts-rejoice-qatar-museums-to-host-virgil-abloh-exhibit/">retrospective</a> exhibition of Abloh's work, "Virgil Abloh: Figures of Speech" has been on display as part of <keyword id="11899680" type="UNKNOWN" weightage="60" keywordseo="qatar" source="Orion">Qatar</keyword>'s cultural festival in the city. Just weeks before his passing, Abloh appeared at the show's opening and at a gala reception at the Qatar National Museum alongside Naomi Campbell and others, in what would be among his last public appearances.<div type="image" title="A green and white dress is displayed on a mannequin as a crowd of people look on." height="3154" width="4500" msid="88212405" hostid="261"></div>On a recent Friday afternoon, dozens of fashionable young people, decked out with Valentino bags, colorful floral-print hijabs and yes, head-to-toe Off-White, posed for pictures at the exhibit at Doha's old Fire House.Asa, a Doha resident in her 20s, reflected on what it meant to see a Black man, the son of Ghanaian immigrants, at the helm of a company like Vuitton. "I was so proud. I finally got to see someone like me heading a major brand," she said.It was his iconic Off-White measuring tape belt that really caught her eye.Like Marwah and the zip tie, Asa was fascinated by Abloh's ability to turn something so mundane, black-and-yellow measuring tape, into an object of desire."The brand was everywhere, everyone had to have that belt," she said.She had also admired his reimagining of the Vuitton Keepall duffle bag, which featured a bright orange chain, as an example of that aesthetic. To Abloh, the chain was meant to conjure up construction and the idea that consumers have become chained to designer labels, but Asa saw it as an example of his penchant for taking things, in this case an iconic bag dating back to the 1930s, and "breaking them down to transform them into something new."Abloh's willingness to challenge the fashion establishment ran through many of the tributes that came after his death.Edward Enninful, who became the first Black editor of British Vogue only a year before Abloh started at Vuitton, praised the designer for his<a href="https://uk.news.yahoo.com/frank-ocean-edward-enninful-lead-115612706.html"> ability</a> to "open the door to art and fashion for future generations, so that they – unlike himself – would grow up in a creative world with people to mirror themselves in."<div type="image" title="A man. wears a white suit with the word &quot;Modernism&quot; written across it." height="3330" width="4623" msid="88212406" hostid="261"></div>A trained architect and civil engineer, Abloh broke into the highest levels of an industry led by stalwarts who either serve in the same roles for decades or get shuffled from house to house and magazine to magazine. In Abloh's<a href="https://us.louisvuitton.com/eng-us/magazine/articles/men-fall-winter-2021-show-paris"> notes</a> for his Fall/Winter 2021 Vuitton Menswear show, which drew inspiration from James Baldwin's 1953 essay "Stranger in the Village," Abloh said he wanted the collection to challenge "the unconscious biases instilled in our collective psyche by the archaic norms of society."<h2>'Realizing you can make it'</h2>Iman Amy Nassiri, a stylist, model, and<a href="https://www.instagram.com/amynassiri/?hl=en"> fashion blogger</a> in Dubai, said she admired Abloh's impulse to highlight consumers and street cultures that are often underrepresented in mainstream Western fashion. "Seeing Virgil gave everyone a sense of hope and bravery. It makes you realize that you can make it," in fashion, she said. As an influencer with more than 88,000 followers, Nassiri hopes to challenge the "limited" view of Arab style and fashion to the outside world. Abloh's ability to call on the hallmarks of construction and the years his father spent as the manager of a paint company for the trademarks of the Off-White brand also inspired Nassiri. She saw it as a sign of his willingness to express his individuality using signifiers of his own lived experience in such a demanding and critical industry.<div type="image" title="Creative Director Virgil Abloh acknowledges the audience during the Off-White Menswear Spring/Summer 2019 show as part of Paris Fashion Week on June 20, 2018 in Paris, France." height="1997" width="3000" msid="88212407" hostid="261"></div>Whereas Abloh's work further cemented urban streetwear's place in high-end fashion, Nassiri aims to show the world Dubai fashion, which she affectionately calls "Hollywood, Arab-style."And though she is younger than him, Nassiri's desire to telegraph her own personal style to her followers is not far off from what Abloh was doing when he blogged for The Brilliance, an xxx, from 2006 to 2009. In those posts, he detailed his excitement over a <a href="http://www.thebrilliance.com/posts/just-bought-raf-simons-x-eastpak-backpack">collaboration</a> between Raf Simons and Eastpak or what he learned during a <a href="http://www.thebrilliance.com/posts/200-for-real-fake-gucci">trip</a> through a Gucci store.For Nassiri, a city like Dubai, with its glass and metal skyscrapers designed by the likes of the late Zaha Hadid and mosques created in the Fatimid Islamic style, offers young people the chance to show the diversity of the Arab world. In doing so, Nassiri says she and other Arab youth hope to "challenge people's opinions on the Arab people. How we live. How we think and how open-minded and fashionable we are as a people."In many ways, this is what Abloh, who partnered with everyone from Kanye West to Kid Cudi to Serena Williams, did to push streetwear, Hip Hop and Pop culture further into the fashion industry's ivory towers."It is up to us to support each other, to empower each other and to inspire each other," Nassiri said.

You Searched For "Gala Precision Engineering" and got 7 results

Gala Precision Engineering IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

Gala Precision Engineering IPO – Price band to risk factors, all you need to know

Sourabh Jain

Gala Precision Engineering IPO fully subscribed within minutes on day one

Sourabh Jain

Gala Precision's IPO oversubscribed 40x on 2nd day! But check these risks before investing here

Ira Alok Puranik

Gala Precision Engineering IPO to open on Sep 2; price band set at ₹503-529/share

PTI

FirstCry's parent firm Brainbees Solutions gets Sebi's go ahead to float IPO

PTI

It's not just New York and London fashionistas mourning Virgil Abloh's death. A retrospective of his work in Doha has become a memorial

Ali Latifi