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Gallard Steel Ltd. IPO
BSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹150
Issue Price
₹150
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹150
GMP based
Lot Size
1,000
shares / lot
Min Amount
₹150,000
1 lot · 1,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
19 Nov 2025
Wed Completed
Done
Close Date
21 Nov 2025
Fri Completed
Done
Allotment
24 Nov 2025
Mon Completed
Done
Refund
25 Nov 2025
Tue Completed
Done
Demat Credit
25 Nov 2025
Tue Completed
Done
Listing Date
26 Nov 2025
Wed Completed
UPI Deadline: 21 Nov 2025
Issue Details
Pricing & Size
Issue Price
₹150 Face ₹10
Lot Size
1,000 shares
Min Investment
₹150,000
Total Issue Size
25,00,000 shares (aggregating up to ₹37.50 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
1,25,000 (5.00%)
QIB Portion
11,83,000 (47.32%)
NII / HNI
3,60,000 (14.40%)
Retail
8,32,000 (33.28%)
Employee
-
Net Offer to Public
23,75,000 shares (aggregating up to ₹35.63 Cr)
Shareholding Pattern
Pre-Issue Shareholding
70,00,000 shares
Post-Issue Shareholding
95,00,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 2,000 ₹3,00,000
HNI / NII 3 3,000 ₹4,50,000
Objects of Issue
3 objectives
1
Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building
20.13 Cr
2
Repayment of a portion of certain borrowings availed by the Company
7 Cr
3
General Corporate Purpose
4.66 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Seren Capital Pvt.Ltd.
Market Maker
Asnani Stock Broker Pvt.Ltd.
IPO Timeline
Open
19 Nov
✓ Done
Close
21 Nov
✓ Done
Allotment
24 Nov
✓ Done
Listing
26 Nov
✓ Done
Registrar Details
Ankit Consultancy Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
0731 - 491 298 / 492 698
Email
compliance@ankitonline.com
Company Contact
Email
cs@gallardsteel.com
Phone
+91-9644422252
Address
Flat No. 01, SukhsnehApartment, 168-M Khatiwala Tank Indore, Madhya Pradesh, 452014
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹150
Est. Listing
₹150
Lot Size
1,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Gallard Steel Ltd. LIVE
INR ·
vs Issue
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| Price
Market Reference
IPO Issue Price
₹150
GMP
+₹0 (+0%)
GMP Est. Listing
₹150
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 11,83,000 (47.32%) ₹1,774.50 Cr
NII / HNI (Total) 3,60,000 (14.40%) ₹540.00 Cr
Retail Investors 8,32,000 (33.28%) ₹1,248.00 Cr
Total ** 25,00,000 (100.00%) ₹37,500.00 Cr
Market Maker * 1,25,000 (5.00%) ₹18.75 Cr
* Based on ₹150.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
11,83,000 (47.32%)
NII
3,60,000 (14.40%)
Retail
8,32,000 (33.28%)
Market Maker
1,25,000 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Sep 202531 Mar 202531 Mar 2024
Revenue32.1453.5227.86
PAT4.296.073.20
EBITDA7.4212.475.07
Net Worth21.3817.0811.03
Total Assets50.3348.7739.14
Reserves14.3810.084.03
Borrowings19.1320.3817.59
Key Financial Ratios
43.16%
ROE
Return on Equity
26.59%
ROCE
Return on Capital Employed
35.51%
RONW
Return on Net Worth
11.38%
PAT Margin
PAT / Revenue
23.39%
EBITDA Mgn
EBITDA / Revenue
1.19
D/E Ratio
Debt to Equity
6.15
P/BV
Price to Book Value
8.67
Pre EPS
EPS Pre-Issue
9.04
Post EPS
EPS Post-Issue
17.31
Pre P/E
P/E Pre-Issue
16.6
Post P/E
P/E Post-Issue
About Gallard Steel Ltd.

Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings.

The company manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, the defence sector, power generation, and allied industries, providing high-quality solutions across various sectors.

Manufacturing operations are carried out at the foundry, located in Pithampur, Dhar, Madhya Pradesh, spanning a land area of 12,195 square meters and certified to ISO 9001:2015. The company utilises a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, moulding, sand mixing and finishing.

The company supplies components for railway traction motors, defence cradles, power generation guide vanes, and industrial machinery liners, serving sectors such as railways, defence, power generation, and heavy engineering industries.

Products:

  • Steel Components: Manufacturing unmachined and machined steel components for various sectors.
  • Traction Motor & Bogie Components: Producing components for traction motors and bogie assemblies in railways.
  • Defence Components: Manufacturing cradle assemblies, recoiling cylinders, and trunnion housings for defence.
  • Thermal and Hydro Turbine Sub-Assemblies: Producing guide vanes, bush housings, and fork systems for turbines.
  • Industrial Machinery & Equipment: Supplying high-temperature resistance liners for machinery and industrial equipment.
  • Rebonded Foam: Recycled foam used in furniture, mattresses, and industrial products.

Competitive Strengths:

  • In-house manufacturing facilities
  • Diverse Customer base
  • Wide Geographical reach
  • Stringent quality control mechanism ensures standardised product quality
Frequently Asked Questions
What is the issue price of Gallard Steel Ltd. IPO?
The issue price of Gallard Steel Ltd. IPO is ₹150 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,000 shares, requiring ₹150,000.
What are the IPO dates?
Opens 19 Nov 2025, closes 21 Nov 2025.
When is the listing date?
Tentative listing: 26 Nov 2025 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹150 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Gallard Steel Ltd. IPO · Expected 24 Nov 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
24 Nov 2025
Refund Initiation
25 Nov 2025
Demat Credit
25 Nov 2025
Listing Date
26 Nov 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹150
Face ₹10
Lot Size
1,000
shares / lot
Min Amount
₹150,000
1 lot
Est. Listing
₹150
GMP +₹0
Key Dates
Open
19 Nov Done
Close
21 Nov Done
Listing
26 Nov Done
Registrar
Ankit Consultancy Pvt.Ltd.
A
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