Gallard Steel IPO
Gallard Steel is a BSE SME IPO listed on the BSE SME platform, priced at ₹142–₹150 per share. The stock debuted at ₹223.1, delivering a listing gain of 48.7%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹3,00,000.
Gallard Steel Limited IPO
- IPO Dates
- Nov 19, 2025 – Nov 21, 2025
- Price band
- ₹142-150 per equity share
- Minimum Investment
- ₹3,00,000
- Issue size
- ₹37.5 Cr
- Lot size
- 1000
- Allotment Date
- Nov 24, 2025
- Listing
- Nov 26, 2025
- Listing At
- BSE SME
IPO timeline
-
Nov 19, 2025
Open Date
Completed
-
Nov 21, 2025
Close Date
Completed
-
Nov 24, 2025
Allotment Date
Completed
-
Nov 26, 2025
Listing Date
Completed
Gallard Steel IPO Subscription Details
View Subscription DetailsGallard Steel IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Gallard Steel IPO Essentials
Gallard Steel IPO Details
Gallard Steel IPO is priced at ₹142-150 per share with a total issue size of 37.5 crore. The IPO has a lot size of 1000 shares and is listed on BSE SME.
- Issue price
- ₹142-150 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 25,00,000 shares(aggregating up to ₹37.50 Cr)
- Total issue size
- 25,00,000 shares
(aggregating up to ₹37.5 crore) - Fresh issue
- 25,00,000 shares
(aggregating up to ₹37.5 crore) - Listing at
- BSE SME
- List price
- 223.1
- Listing date
- Registrar
- Ankit Consultancy Pvt.Ltd
- Lead manager
-
Seren Capital 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 |
| sHNI(min) | 7 | 7000 | ₹10,50,000 |
Gallard Steel IPO Reservation
Gallard Steel IPO reservation details show category-wise allocation of shares. Out of the total 2500000 shares, approximately 18.96% are reserved for QIB, 14.4% for NII, 33.28% for retail investors, 5% for market maker, and 28.36% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 709000 (28.36%) | |
| Market Maker Shares Offered | 125000 (5%) | |
| QIB Shares Offered | 474000 (18.96%) | |
| NII (HNI) Shares Offered | 360000 (14.4%) | |
| bHNI > ₹10L | 240000 (9.53%) | 80 |
| sHNI < ₹10L | 120000 (4.77%) | 40 |
| Individual Shares Offered | 832000 (33.28%) | 416 |
| Total Shares Offered | 2500000 (100%) |
Gallard Steel IPO Analytics
Gallard Steel IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Gallard Steel IPO Subscription Status
Gallard Steel IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 375.62x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,74,000 |
3,60,000
2,40,000
1,20,000
|
8,32,000 | 16,66,000 |
|
Day 1
19-11-25 06:00 PM
|
0.00 x |
8.88x
10.65x
5.33x
|
7.00 x | 5.41 x |
|
Day 2
20-11-25 06:00 PM
|
1.97 x |
57.49x
66.93x
38.63x
|
48.48 x | 37.19 x |
|
Day 3
21-11-25 06:00 PM
|
228.48 x |
624.90x
745.96x
381.75x
|
351.58 x | 375.62 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 184587 (Approx) | 298.2x | 358.45x | 351.58x |
Gallard Steel Valuations
Earnings
- EPS Pre IPO
- ₹8.67/-
- EPS Post IPO
- ₹9.04/-
- P/E Pre IPO
- 17.31
- P/E Post IPO
- 16.6
Returns
- ROE
- 43.16%
- ROCE
- 26.59%
- RoNW
- 35.51%
- PAT Margin
- 11.38%
Fundamentals
- Debt / Equity
- 1.19
- Price / Book
- 6.15
- Market Cap
- 142.50 Cr.
Gallard Steel Financials( In Crs.)
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 50.33 | 48.77 | 39.14 |
| Revenue | 32.14 | 53.52 | 27.86 |
| Profit After Tax | 4.29 | 6.07 | 3.20 |
| Net Worth | 21.38 | 17.08 | 11.03 |
| Reserves & Surplus | 14.38 | 10.08 | 4.03 |
| Total Borrowing | 19.13 | 20.38 | 17.59 |
Gallard Steel Company & Offer Insights
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.
Gallard Steel Promoter(s)
Zakiuddin Sujauddin, Hakimuddin Ghantawala, Kaid Johar Kalabhai, Zahabiya Kalabhai, Mariya Zakiuddin Sujauddin are the company's promoters of Gallard Steel.
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 Information
Contact Details
Gallard Steel
+91-9644422252
Flat No. 01, Sukhsneh Apartment, 168-M Khatiwala Tank, Indore, Madhya Pradesh, 452014
Registrar Contact Details
Ankit Consultancy Pvt.Ltd
0731 - 491 298 / 492 698
Frequently Asked Questions
Click any question to reveal the answer
Gallard Steel IPO is a book-built IPO worth ₹37.5 crore. The price band is ₹142–₹150 per share. The IPO opens on Nov 19, 2025 and closes on Nov 21, 2025. It will be listed on BSE SME Platform. Ankit Consultancy Pvt. Ltd. is the registrar.
The price band of Gallard Steel IPO is ₹142 to ₹150 per share.
The lot size of Gallard Steel IPO is 1000 shares.
The minimum investment for Gallard Steel IPO is approximately ₹3,00,000 based on the upper price band .
Gallard Steel IPO opens on Nov 19, 2025 and closes on Nov 21, 2025.
The allotment date of Gallard Steel IPO is Nov 24, 2025.
Gallard Steel IPO is expected to be listed on Nov 26, 2025, on BSE SME Platform.
Gallard Steel IPO valuation snapshot: P/E 16.6, EPS ₹9.04/-, P/B 6.15, RoNW 35.51%, and market cap 142.50 Cr.
To apply for Gallard Steel IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Gallard Steel IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Gallard Steel IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Gallard Steel IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gallard Steel IPO allotment status on IPO Ji for quick and easy access.