Gallard Steel IPO Subscription Status
Gallard Steel IPO subscribed over 37.19x on its Second day till 05.00 PM on 20th November 2025.
- Gallard Steel IPO subscription QIB investors’ portion is 1.97x times, while NII subscribed 57.49x times, and RII investors subscribed 48.48x times.
- The company has received bids for 6,19,66,000 shares against 16,66,000 shares on offer on the Second day.
- Gallard Steel IPO subscribed over 37.19x times on day 2.
- Gallard Steel IPO subscribed over 5.41x times on day 1.
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
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.
Gallard Steel IPO GMP
Gallard Steel IPO GMP was ₹40 as of Thursday, 20th November. That indicates the IPO is trading at ₹190 with a ₹40 premium in the grey market against the issue price of ₹150.
