The Gallard Steel IPO minimum market lot is 2,000 shares with ₹3,00,000 application amount. The Gallard Steel IPO is a SME IPO, and it is to be listed on BSE SME.
Business Overview
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Gallard Steel IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 1.97 | 228.48 |
| NII | 8.88 | 57.49 | 624.56 |
| RII | 7.00 | 48.48 | 351.58 |
| Total | 5.41 | 37.19 | 375.54 |
Gallard Steel IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Gallard Steel IPO Review and Rating
- May Apply For Long-term View
Gallard Steel IPO Form
How to apply for the Gallard Steel IPO? You can apply for Gallard Steel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Gallard Steel IPO in the Invest section. The other option is you can apply for Gallard Steel IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
