Gallard Steel Limited IPO
BSE SME₹ 300000 /2000 Shares
*Min Investment
19 Nov, 2025
Open Date21 Nov, 2025
Close Date24 Nov, 2025
Allotment Date26 Nov, 2025
Listing DateGallard Steel IPO Issue Details
- Issue Price ₹142-150 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 25,00,000 shares(aggregating up to ₹37.5 crore)
- Fresh Share 25,00,000 shares(aggregating up to ₹37.5 crore)
- Listing at BSE SME
- Lead Manager Seren Capital Pvt.Ltd
- Registrar Ankit Consultancy Pvt.Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2000 | ₹3,00,000 |
| Individual(max) | 2 | 2000 | ₹3,00,000 |
| SHNI(min) | 3 | 3000 | ₹4,50,000 |
| SHNI(max) | 6 | 6000 | ₹9,00,000 |
| BHNI(min) | 7 | 7000 | ₹10,50,000 |
Gallard Steel IPO Reservation
Gallard Steel IPO offers total 0 shares. Out of which NA (NA%) allocated to QIB, 0 (NA%) allocated to NII,0 (NA%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | NA (NA%) | |
| QIB Shares Offered | NA (NA%) | |
| NII (HNI) Shares Offered | 0 (NA%) | |
| Individual Shares Offered | 0 (NA%) | |
| Total Shares Offered | 0 (100%) |
Gallard Steel IPO Details
Gallard Steel Limited IPO is an SME IPO, priced at ₹142-150 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 25,00,000 equity shares, aggregating up to ₹37.5 crores..
The IPO bidding window is open from Nov 19, 2025 to Nov 21, 2025. The allotment is expected to be finalized on Nov 24, 2025, and the tentative listing date is Nov 26, 2025.
The minimum lot size for Individual investors is 2000 shares, with a minimum investment of ₹3,00,000.
Seren Capital Pvt.Ltd is acting as the lead manager to the issue. The registrar of the IPO is Ankit Consultancy Pvt.Ltd, and
Gallard Steel Valuations
Gallard Steel Company Financials
| 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 503.35 | 487.73 | 391.39 |
| Revenue | 321.35 | 535.24 | 278.61 |
| Profit After Tax | 42.93 | 60.67 | 31.96 |
| Net Worth | 213.75 | 110.28 | 110.28 |
| Reserves & Surplus | 143.75 | 100.82 | 40.28 |
| Total Borrowing | 191.31 | 203.79 | 175.91 |
About Gallard Steel Company
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.
Gallard Steel - Promoter(s)
Zakiuddin Sujauddin
Hakimuddin Ghantawala
Kaid Johar Kalabhai
Zahabiya Kalabhai
Mariya Zakiuddin Sujauddin
Pre Issue Share Holding : 91.14%
Post Issue Share Holding : %
Gallard Steel IPO - Issue Objectives
Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building
Repayment of a portion of certain borrowings availed by the Company
General Corporate Purpose
Contact Details
Gallard Steel
Flat No. 01, Sukhsneh Apartment, 168-M Khatiwala Tank, Indore, Madhya Pradesh, 452014
+91-9644422252
Registrar Contact Details
Gallard Steel IPO - FAQs
Ans. Gallard Steel Limited IPO is a SME IPO. The issue is priced at ₹142-150 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Nov 19, 2025, and closes on Nov 21, 2025. Ankit Consultancy Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Gallard Steel Limited IPO opens on Nov 19, 2025 and closes on Nov 21, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Gallard Steel Limited IPO is 25,00,000 shares(aggregating up to ₹37.50 Cr).
Ans. The Gallard Steel Limited IPO price band is set between ₹142-150 per equity share.
Ans. To apply for Gallard Steel Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Gallard Steel Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Gallard Steel Limited IPO is Nov 24, 2025.
Ans. The Gallard Steel Limited IPO will be listed on Nov 26, 2025.
Ans. Follow the steps to check the Gallard Steel Limited IPO allotment status online.
