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Gallard Steel Ltd.

Gallard Steel Ltd.

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹150
₹150
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹150
Based on GMP
Min. Investment
₹150,000
1 lot × 1000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
19 Nov 2025
Close Date
21 Nov 2025
Allotment
24 Nov 2025
Listing Date
26 Nov 2025
Exchange
BSE SME
Price Band
₹150
Listing Price
See chart
Allotment Status
Price Band
₹150
Per share
Face Value
₹10 per share
 
Lot Size
1,000 Shares
per lot
Issue Size
25,00,000 shares (aggregating up to ₹37.50 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹150,000
1 lot
Pre-IPO Holding
70,00,000 shares
Promoters
Post-IPO Holding
95,00,000 shares
Promoters
P/E (Pre)
17.31x
 
P/E (Post)
16.6x
 
EPS (Pre)
₹8.67
 
EPS (Post)
₹9.04
 
UPI Deadline
2025-11-21
Mandate
Anchor AllotmentTue, 18 Nov 2025
Basis of AllotmentMon, 24 Nov 2025
Refund InitiationTue, 25 Nov 2025
Demat CreditTue, 25 Nov 2025
Listing DayWed, 26 Nov 2025
UPI Mandate Deadline2025-11-21
Sale TypeFresh Capital
Net Offer to Public23,75,000 shares (aggregating up to ₹35.63 Cr)
Market Maker Quota1,25,000 shares (aggregating up to ₹1.88 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Gallard Steel Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Nov 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
125,000
₹1.88
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,500,000
100% ₹37.50
IPO Shares Offered
Gallard Steel Ltd. IPO total issue size: ₹37.50 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 125,000 ₹1.88
5.00%
Total 2,500,000 ₹37.50
100.00%
* Based on upper price band ₹150 per share
Lot Size & Investment
Lot Size
1,000
Shares per Lot
Issue Price
₹150.00
Upper Band
Min Investment
₹150,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,000₹300,000
Retail (Max — 13 Lots)1313,000₹1,950,000
S-HNI (Min — 14 Lots)1414,000₹2,100,000
B-HNI (Min — 68 Lots)6868,000₹10,200,000
* Issue Price ₹150 × Lot Size 1,000 shares
IPO Schedule
Anchor
18 Nov 2025
✓ Done
IPO Open
19 Nov 2025
✓ Done
IPO Close
21 Nov 2025
✓ Done
Allotment
24 Nov 2025
✓ Done
Refunds
25 Nov 2025
✓ Done
Demat Credit
25 Nov 2025
✓ Done
Listing Day
26 Nov 2025
✓ Done
Gallard Steel Ltd. — Live Price LIVE
₹150.00
INR · BSE
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Issue ₹150.00 Live Price
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 facilitiesDiverse Customer baseWide Geographical reachStringent quality control mechanism ensures standardised product quality
Objects of the Issue
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
Gallard Steel Ltd. Financials (Amount in ₹ Crore)
Revenue from Operations
₹27.9
31 Mar 2024
₹53.5
31 Mar 2025
₹32.1
30 Sep 2025
Profit After Tax (PAT)
₹3.2
31 Mar 2024
₹6.1
31 Mar 2025
₹4.3
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 32.14 53.52 27.86
EBITDA 7.42 12.47 5.07
Profit After Tax (PAT) 4.29 6.07 3.20
Net Worth 21.38 17.08 11.03
Total Assets 50.33 48.77 39.14
Reserves & Surplus 14.38 10.08 4.03
Borrowings 19.13 20.38 17.59
EBITDA Margin (%) 23.39%
PAT Margin (%) 11.38%
P/BV Ratio
6.15
RoE
43.16%
RoCE
26.59%
RoNW
35.51%
PAT Margin
11.38%
EBITDA Margin
23.39%
Debt/Equity
1.19
Issue Structure & Shareholding
Total Shares Offered25,00,000 (100.00%)
Net Offer to Public23,75,000 shares (aggregating up to ₹35.63 Cr)
Reserved for Market Maker1,25,000 shares (aggregating up to ₹1.88 Cr)
Pre-Issue Promoter Holding70,00,000 shares
Post-Issue Promoter Holding95,00,000 shares
P/BV Ratio6.15
RoE43.16%
RoCE26.59%
Debt / Equity1.19
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Seren Capital Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Gallard Steel Ltd. IPO subscribed?

Gallard Steel Ltd. IPO is subscribed 1.00 times by Nov 21, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Gallard Steel Ltd. IPO retail subscription status?

The Gallard Steel Ltd. IPO retail category is subscribed 1.00 times as of 21 Nov 2025. The retail portion is oversubscribed.

How to subscribe Gallard Steel Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Nov 2025 and closes 21 Nov 2025. Min investment: ₹150,000 (1 lot = 1,000 shares). UPI mandate: 2025-11-21.

How many times Gallard Steel Ltd. IPO subscribed?

The Gallard Steel Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Gallard Steel Ltd. IPO allotment?

Check allotment on the registrar website (Ankit Consultancy Pvt.Ltd.) at https://www.ankitonline.com/PublicIssue/FrmPublicIssue.aspx. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Nov 2025. Refunds: on 25 Nov 2025.

When Gallard Steel Ltd. IPO will be listed?

The Gallard Steel Ltd. IPO listing date is 26 Nov 2025, Wednesday. Listed on: BSE SME. Issue price: ₹150. Estimated listing: ₹150. GMP: NIL.

When Gallard Steel Ltd. IPO close?

The Gallard Steel Ltd. IPO closes on 21 Nov 2025, Friday. UPI mandate: 2025-11-21. Allotment: 24 Nov 2025. Listing: 26 Nov 2025.