Gallard Steel IPO was subscribed overall 375.54 times on the last day, while the retail quota was subscribed 351.58 times, QIB subscribed 228.48 times, and NII quota subscribed 624.56 times, respectively.
Details About Gallard Steel IPO
Gallard Steel has received approval from SEBI for an IPO of ₹37.50 crores. The IPO comprises a fresh issue of ₹37.50 crores with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹142 to ₹150 per share. In this IPO total of 2,000 shares were available in 2 lot sizes for the minimum Retail category, and for the maximum Retail category.
S-HNI (Min) has a total of 3,000 shares in 3 lot sizes. S-HNI (Maximum) has a total of 6,000 shares in 6 lot sizes. Lastly, for B-HNI (Minimum) has a total of 7,000 in 7 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of maximum investment of ₹3,00,000.
- S-HNI (Minimum): Minimum investment of ₹4,50,000.
- S-HNI (Maximum): Maximum investment of ₹9,00,000.
- B-HNI (Minimum): Minimum investment of ₹10,50,000.
Subscription duration of the Gallard Steel IPO
The opening date of the Gallard Steel IPO subscription was November 19, 2025, and the closing date was November 21, 2025. The Gallard Steel IPO allotment was finalized on November 24, 2025, and the IPO listing is on November 26, 2025.
Funds Deployment of This Company
- The proceeds raised from the fresh issue will be utilized towards the expansion of the existing manufacturing facility and the construction of an office Building
- A portion of the fund will be used for the repayment of existing borrowings taken by the company.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Gallard Steel IPO
Gallard Steel Limited, incorporated in 2015, is one of the leading engineering firms in India that manufactures 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. 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 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. Its manufacturing facility is situated in Pithampur, Dhar, Madhya Pradesh, which covers 12,195 square meters.
Gallard Steel IPO Company Financial Report
The company reported revenue of ₹535.24 crores in 2025 against ₹278.61 crores in 2024. The company reported a profit of ₹60.67 crores in 2025 against a profit of ₹31.96 crores in 2024.
