Gallard Steel IPO Details
SME
Gallard Steel IPO opens for subscription on 19 Nov 2025 and closes on 21 Nov 2025. The IPO will be listed on BSE with the tentative listing date set for 26 Nov 2025.
Gallard Steel IPO price band has been fixed at ₹142 – ₹150 per share.The face value is ₹10 per share with a lot size of 1000.
Gallard Steel IPO total issue size comprises 25,00,000 shares (aggregating up to ₹37.50 Cr.). This includes a fresh issue of 25,00,000 shares (aggregating up to ₹37.50 Cr.). Pre-issue shareholding stands at 70,00,000, which will increase to 95,00,000 post-issue.
Gallard Steel IPO carries a ₹45 (30.0%) GMP, reflecting investor sentiment.
Gallard Steel IPO Lot Size : Individual Minimum is 2 lots (2,000 shares) amounting to ₹300,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹300,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹450,000. SHNI Maximum is 6 lots (6,000 shares) amounting to ₹900,000. BHNI Minimum is 7 lots (7,000 shares) amounting to ₹1,050,000.
The Lead Managers for Gallard Steel IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Seren Capital Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Asnani Stock Broker. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Gallard Steel Limited RHP.
Gallard Steel IPO Details
Gallard Steel IPO Subscription
Gallard Steel IPO Application Wise Breakup
Gallard Steel IPO Dates
- 19 Nov 2025Opening dateOPD
- 21 Nov 2025Closing dateCOD
- 24 Nov 2025Allotment Date BOA
- 25 Nov 2025Initiation of RefundsIOR
- 25 Nov 2025Credit of SharesCOS
- 26 Nov 2025Listing dateLID
Gallard Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹300,000 |
| Individual Maximum | 2 | 2000 | ₹300,000 |
| SHNI Minimum | 3 | 3000 | ₹450,000 |
| SHNI Maximum | 6 | 6000 | ₹900,000 |
| BHNI Minimum | 7 | 7000 | ₹1,050,000 |
Gallard Steel IPO Reservation
Promoter Holding
Gallard Steel IPO Valuations
Gallard Steel Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 503.35 | 487.73 | 391.39 |
| Total Income | 321.35 | 535.24 | 278.61 |
| Profit After Tax | 42.93 | 60.67 | 31.96 |
| EBITDA | 74.25 | 124.72 | 50.65 |
| NET Worth | 213.75 | 110.28 | 110.28 |
| Reserves and Surplus | 143.75 | 100.82 | 40.28 |
| Total Borrowing | 191.31 | 203.79 | 175.91 |
| Amount in ₹ Crore | |||
About Gallard Steel IPO
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.
Strength Of Gallard Steel IPO
- In-house manufacturing facilities.
- Diverse Customer base.
- Wide Geographical reach.
- Stringent quality control mechanism ensuring standardized product quality.
Risk Of Gallard Steel IPO
- The company derives a significant portion of the revenue from the sale of traction motors and bogie assembly components to the railway sector and any decline in their demand may adversely affect its business, results of operations and financial condition.
- Substantial portion of the revenue has been dependent upon few customers with which its do not have any firm commitments. The loss of any one or more of the major customers would have a material adverse effect on its business, cash flows, results of operations and financial conditions.
- The Company does not have long-term agreements with suppliers for the input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
- There are outstanding legal proceedings involving the Company, Subsidiary, Directors and Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the business, prospects, results of operations and financial condition.
- The company is subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.
- Its business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the revenue and results of operations.
- The company does not own the existing manufacturing facility & registered office from which the carry out its business activities. In case of non-renewal of lease agreements or dispute in relation to use of the said premise, the business and results of operations can be adversely affected.
- Expansion of the manufacturing facility requires substantial capital outlay before its realize any benefits or returns on investments.
- Any disruptions or shutdown of the manufacturing operations at the existing facility could have an adverse effect on the business, financial condition and results of operations.
- The company requires certain approvals, licenses, registrations and permits to operate its business and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate the business may adversely affect its operations and financial conditions.
Objectives Gallard Steel IPO
1. Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building
2. Repayment of a portion of certain borrowings availed by the Company
3. General Corporate Purpose
Company Contact Details
Gallard Steel Ltd.
Flat No. 01,
SukhsnehApartment,
168-M Khatiwala Tank
Indore, Madhya Pradesh, 452014
Phone: +91-9644422252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports