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HomeIPOGallard Steel

About Gallard Steel

Incorporated in 2015, Gallard Steel Limited is a manufacturer of engineered steel castings, which includes 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.The foundry, spread over an area of 12,195 square meters in Pithampur, Dhar, Madhya Pradesh, performs the manufacturing operations and is ISO 9001:2015-certified. The company makes use of various in-house machinery and equipment for processes related to 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 to sectors such as railways, defence, power generation, and heavy engineering industries.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Gallard Steel

Gallard Steel

Open Date

19 Nov 2025

Close Date

21 Nov 2025

listed

Min Investment

₹300000

Lot Size

2000 Shares

Issue Size

₹37.5 Cr

Price Range

₹142 - ₹150

Listing Date

Nov 26, 2025

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RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹60(+40.00%)GMP
40%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Gallard Steel IPO - Issue Objectives

The company will use up to ₹20.73 crore to expand its existing manufacturing facility The company will use up to ₹7.2 crore towards repayment of certain borrowings Part of the IPO proceeds will be used for general corporate purposes

Capital expenditure

55.2%

Repayment of borrowings

19.2%

General corporate purposes

25.5%

1

Capital expenditure

The company will use up to ₹20.73 crore to expand its existing manufacturing facility

55.20%
2

Repayment of borrowings

The company will use up to ₹7.2 crore towards repayment of certain borrowings

19.20%
3

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes

25.50%

IPO Subscription Status

QIB
228.48x
NII
624.90x
Total
375.62x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Gallard Steel

In Cr.

Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)
Revenue32.1453.5227.86
EBITDA7.4212.475.07
Expenses
Profit After Tax4.296.073.20
Assets50.3348.7739.14
Net Worth21.3817.0811.03
Reserves14.3810.084.03
Borrowing19.1320.3817.59

Gallard Steel - Promoter(s)

Gallard Steel

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

Registrar Contact Details

Ankit Consultancy Pvt.Ltd

Flat No. 01, Sukhsneh Apartment, 168-M Khatiwala Tank, Indore, Madhya Pradesh, 452014

+9196444222520731491298
cs@gallardsteel.com
https://www.gallardsteel.com/

Gallard Steel IPO - FAQs

Gallard Steel IPO is a SME IPO. The issue is priced at ₹142-150 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on 19 Nov, and closes on 21 Nov. Ankit Consultancy Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on SME.









IPO Timeline

  • Pre Apply2025-11-18
  • Bidding Starts2025-11-19
  • Bidding Ends2025-11-21
  • Allotment Finalisation2025-11-24
  • Release of Funds2025-11-25
  • Demat Transfer2025-11-25
  • Listing2025-11-26