Gallard Steel Limited IPO

Gallard Steel Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹142 - ₹150

Total Issue

₹37.50 Cr

Bid Dates

19 Nov - 21 Nov

Subscription

349.4x

Est. GMP

₹57 (38.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Gallard steel is an engineering manufacturer specializing in ready-to-use components, assemblies and sub-assemblies for Indian Railways, defence, power generation and allied industries. Its portfolio includes traction motor components, bogie assembly components, sub-assemblies for thermal and hydro turbines, and precision parts for industrial machinery and defence applications. These products are produced using unmachined and machined castings made from carbon steel, ductile iron, grey cast iron and medium- and low-alloy steels. Incorporated in 2015, the Company serves a clientele largely comprising organisations in the heavy engineering, railway and defence sectors.

Lot Info

Lot Information for Gallard Steel IPO
Category Lots Shares Amount
Individual (Min) 2 2,000 ₹3,00,000
Individual (Max) 2 2,000 ₹3,00,000
S-HNI (Min) 3 3,000 ₹4,50,000
S-HNI (Max) 6 6,000 ₹9,00,000
B-HNI (Min) 7 7,000 ₹10,50,000
Market Maker
125000 Eq.shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹37.50 Cr
Fresh Issue
₹37.50 Cr (0.25 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹57
Est. Price ₹207
Est. Gain 38.00%

Gallard Steel IPO Peer Comparison

(Rs. in crores)

Gallard Steel IPO Peer Comparison Table
Particulars Gallard Steel Ltd. Nitin Casting Ltd. Pritika Eng. Ltd.
Revenue from Ops (in Crs.) 53.32 150.57 117.38
PAT (In Crs.) 6.07 12.41 5.74
EPS - Basic 8.67 24.14 2.18
RONW 35.51% 15.03% 12.63%
EBITDA 23.39% 10.20% 15.56%
PAT Margin 11.38% 8.24% 4.90%
Price to earning (PE) 17.30 20.33 39.22

All the information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 07, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Gallard Steel IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 31.56 53.32 26.82 20.59
Profit after Tax 4.29 6.07 3.20 1.13
Net Worth 21.38 17.08 11.03 6.09
Total Borrowing 19.13 20.38 17.59 9.41
Total Assets 50.33 48.77 39.14 19.61
NAV per share (in ₹) 30.54 24.40 17.72 12.67
EPS - Basic (in ₹) 6.13 8.67 5.14 2.36

KPIs

EBITDA

23.39%

PAT

11.38%

ROE

43.16%

ROCE

26.59%

PE Ratio

17.30

PB Ratio

6.15

Mkt Cap (in Crs.)

142.50

  • All Ratios are based on Mar 2024-25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

91.15%

Public

8.85%

Kaid Kalabhai 30.55%
Mariya Sujauddin 30.28%
Hakimuddin Ghantawala 20.00%
Zakiuddin Sujauddin 10.29%
Others 0.03%

Management

Zakiuddin Sujauddin MD
Hakimuddin Ghantawala CFO

Registrar & Lead Managers

Lead Managers (1)

Seren Capital Seren Capital

Subscription Status

Updated as on 21 Nov 2025 | 05:00:00 PM

BSE SME Subscription Status for Gallard Steel IPO
Category Sub (x) Offered Bids
QIB 228.48x 4,74,000 10,82,98,000
NII 624.56x 3,60,000 22,48,40,000
bHNI 745.96x 2,40,000 17,90,30,000
sHNI 381.75x 1,20,000 4,58,10,000
Individual Investor 351.58x 8,32,000 29,25,14,000
Total 375.54x 16,66,000 62,56,52,000

Frequently Asked Questions

What is Gallard Steel IPO?
Gallard Steel IPO is a SME IPO having an issue size of ₹37.50 Crs. Gallard Steel IPO is priced at ₹142 - ₹150 per share. The issue opens on 19 Nov 25 and closes on 21 Nov 25.
When will Gallard Steel IPO open?
Gallard Steel IPO opens on 19 Nov 25 and closes on 21 Nov 25.
What is the GMP of Gallard Steel IPO?
The estimated Grey Market Premium of Gallard Steel IPO is ₹57 per share (38.00%).
What is the lot size of Gallard Steel IPO?
The minimum lot size of Gallard Steel IPO is 1000 shares & the minimum application amount is Rs. 150000.
When is the allotment of Gallard Steel IPO?
The allotment date of Gallard Steel IPO is 24 Nov 25.
What is the listing date of Gallard Steel IPO?
The listing date of Gallard Steel IPO is 26 Nov 25.
What is the subscription of Gallard Steel IPO?
Gallard Steel IPO is subscribed 349.4 times.
What is the price band of Gallard Steel IPO?
Gallard Steel IPO is priced at ₹142 - ₹150 per share.
How to check allotment status of Gallard Steel IPO?
Click the allotment link on Gallard Steel IPO page of IPO360.
How to apply Gallard Steel IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Gallard Steel IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Gallard Steel IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Gallard Steel IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date