Gallard Steel IPO Details
| IPO Open Date | November 19, 2025 |
| IPO Close Date | November 21, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹142 to ₹150 Per Share |
| Issue Size | Approx ₹37.50 Crores |
| Fresh Issue | Approx ₹37.50 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Gallard Steel IPO Review & Key Points
- Review:
Gallard Steel IPO Market Lot
The Gallard Steel IPO minimum market lot is 2,000 shares with ₹3,00,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹3,00,000 |
| Retail Maximum | 2 | 2,000 | ₹3,00,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,50,000 |
| S-HNI Maximum | 6 | 6,000 | ₹9,00,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,50,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 7,09,000 Shares | 28.36% |
| QIB (Ex. Anchor) | 4,74,000 Shares | 18.96% |
| NII Shares Offered | 3,60,000 Shares | 14.40% |
| Retail Shares Offered | 8,32,000 Shares | 33.28% |
Gallard Steel IPO Anchor Investors
| Anchor Bidding Date | November 18, 2025 |
| Anchor Investors List | |
| Shares Offered | 7,09,000 Shares |
| Anchor Size | 10.64 Cr. |
| lock-in period end date 50% shares (30 Days) | December 24, 2025 |
| lock-in period end date 50% shares (90 Days) | February 22, 2026 |
Gallard Steel IPO Dates
The Gallard Steel IPO date is November 19 and the close date is November 21. The Gallard Steel IPO allotment will be finalized on November 24 and the IPO listing on November 26.
| IPO Open Date: | November 19, 2025 |
| IPO Close Date: | November 21, 2025 |
| Basis of Allotment: | November 24, 2025 |
| Refunds: | November 25, 2025 |
| Credit to Demat Account: | November 25, 2025 |
| IPO Listing Date: | November 26, 2025 |
| IPO Bidding Cut-off Time: | November 21, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Zakiuddin Sujauddin, Hakimuddin Ghantawala, Kaid Johar Kalabhai, Zahabiya Kalabhai and Mariya Zakiuddin Sujauddin.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 70,00,000 | 91.14% |
| Promoter Holding Post Issue | 95,00,000 | 67.16% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | ₹20.14 |
| Repayment of a portion of certain borrowings availed by the Company | ₹7.00 |
| General Corporate Purpose | ₹- |
About Gallard Steel IPO
Since its founding in 2015, Gallard Steel Limited has become one of the most important engineering firms in India. It makes ready-to-use components, assemblies, and subassemblies made from unmachined and machined castings using metals like carbon steel, ductile iron, grey cast iron, and alloy steels. Its manufacturing facility is situated in Pithampur, Dhar, Madhya Pradesh, which covers 12,195 square meters.
Gallard Steel manufactures a wide range of products, such as Steel Components, Traction Motor & Bogie Components, Defence Components, Thermal and Hydro Turbine Sub-Assemblies, Industrial Machinery & Equipment, and Rebonded Foam. These components are mostly used in the railways, heavy engineering, defense, power generation, and other related industries. Moreover, the company also utilizes various in-house machines for melting, heat treatment, grinding, molding, sand mixing, and finishing of products.
Gallard Steel IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹278.61 | ₹241.91 | ₹31.96 | ₹391.39 |
| 2025 | ₹535.24 | ₹451.03 | ₹60.67 | ₹487.73 |
| June 2025 | ₹321.35 | ₹265.61 | ₹42.93 | ₹503.35 |
Gallard Steel IPO Valuation – FY2025
Check Gallard Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 43.16% |
| ROCE: | 26.59% |
| EBITDA Margin: | 23.39% |
| PAT Margin: | 11.38% |
| Debt to equity ratio: | 1.19 |
| Earning Per Share (EPS): | ₹8.67 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.51% |
| Net Asset Value (NAV): | ₹24.40 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Nitin Casting Limited | 24.14 | 20.33 | 15.03% | 160.63 | 154.48 Cr. |
| Pritika Engineering Components Limited | 2.18 | 39.22 | 12.63% | 17.25 | 117.66 Cr. |
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt. Ltd.
Company Address
Gallard Steel Ltd.
Flat No. 01,
SukhsnehApartment,
168-M Khatiwala Tank
Indore, Madhya Pradesh, 452014
Phone: +91-9644422252
Email: [email protected]
Website: https://www.gallardsteel.com/
IPO Registrar
Ankit Consultancy Pvt. Ltd.
Phone: +91 0731-4949444
Email: [email protected]
Website: https://www.ankitonline.com/
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One Response
Very large range production …excellent working compay …Made in India.