Gallard Steel IPO Will Open On Nov 19, 2025 And Close On Nov 21, 2025. The ₹37.50 Cr. IPO Is A Fresh Offer. Gallard Steel IPO Price Band is Set At ₹142 to ₹150 Per share.
The Allotment Will Be Finalized On Nov 24, 2025 and Listing date is Expected on The NSE SME By Nov 26, 2025. Investor Quota like 33.28% Retail 14.40% HNI 47.32% QIB and Market Maker is 5.00% Category.
Financial Year 2025 Company Posted a total income ₹53.52 Cr. and A Net Profit of ₹6.07 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
Gallard Steel IPO Details
| Open Date | Nov 19, 2025 |
|---|---|
| Close Date | Nov 21, 2025 |
| Price Band | ₹142 to ₹150 per share |
| Face Value | ₹10 per equity share |
| Lot Size | 1,000 Shares |
| Type of Issue | Fresh Issue |
| Total Issue Size | 25,00,000 shares (Approx ₹37.50 Cr) |
| Market Maker | 1,25,000 shares (Approx ₹1.88 Cr) |
| Net Issue to the Public | 23,75,000 shares (Approx ₹35.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing Exchange | BSE SME |
| Market Maker Shares | 5.00% |
| Retail Investor Quota | 33.28% |
| NII (HNI) Quota | 14.40% |
| QIB Quota | 47.32% |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
About Gallard Steel Limited
Our Company was originally incorporated on April 9, 2015 “Gallard Steel Limited”we are an engineering company engaged in the manufacturing of ready-to-use components, assemblies, and subassemblies for Indian railways, defence, power generation and allied industries.
Our product portfolio includes critical components such as traction motor components and bogie assembly components for the railway sector, sub-assemblies for thermal and hydro turbines used in the power generation sector and components for industrial machinery, equipment and the defence sector.
These components are manufactured using unmachined and machined castings made from metals including carbon steel, ductile iron, grey cast iron and medium and low alloy steels. Our clientele primarily comprises companies operating in the heavy engineering, railways and defence sector.
In the railway sector, we supply components for the production of traction motors and bogie assemblies, including control arms for FIAT LHB coaches, stator frames for various motors used by railways for manufacturing of traction motors serving the railway and heavy engineering industries.
Our Competitive Strengths
- In-house manufacturing facilities.
- Diverse Customer base.
- Wide Geographical reach.
- Stringent quality control mechanism ensuring standardized product quality.
Gallard Steel IPO Market Lot Size
The Minimum Lot Size For The Gallard Steel IPO is 1,000 Shares, Requiring An Application Amount of ₹3,00,000 and in multiples of 2,000 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
| 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 Maxmum | 6 | 6,000 | ₹9,00,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,50,000 |
Objects Of The Issue
1. Funding of capital expenditure towards expansion of our existing manufacturing facility and construction of office Building.
2. Repayment of a portion of certain borrowings availed by our Company.
3. General Corporate Purpose.
Gallard Steel IPO Date
Gallard Steel IPO Will Open on Nov 19 and Close on Nov 21, 2025. The allotment is Expected on Nov 24, With the Listing Scheduled on NSE SME For Nov 26, 2025 (More information below table).
| Anchor Investor Bidding | Tue, Nov 18, 2025 |
|---|---|
| IPO Open | Wed, Nov 19, 2025 |
| IPO Close | Fri, Nov, 21, 2025 |
| Allotment Finalisation | Mon, Nov, 24, 2025 |
| Refunds / Unblocking | Tue, Nov, 25, 2025 |
| Shares Credited to Demat | Tue, Nov, 25, 2025 |
| Listing Date | Wed, Nov, 26, 2025 |
Gallard Steel IPO Financial Report (FY 2025)
Gallard Steel Reported a Total Income of ₹53.52 Cr. in FY 2025, Slightly up From ₹27.86 Cr. in FY 2024. The Company Net Profit Also Rose to ₹6.07 Cr. From ₹3.20 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 50.33 | 48.77 | 39.14 |
| Total Income | 32.14 | 53.52 | 27.86 |
| Profit After Tax | 4.29 | 6.07 | 3.20 |
| EBITDA | 7.42 | 12.47 | 5.07 |
| NET Worth | 21.38 | 17.08 | 11.03 |
| Reserves and Surplus | 14.38 | 10.08 | 4.03 |
| Total Borrowing | 19.13 | 20.38 | 17.59 |
| Amount in ₹ Crore |
Gallard Steel IPO Valuation KPI – FY 2025
Check Detailed Gallard Steel IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 43.16% |
| Return on Capital Employed (ROCE) | 26.59% |
| EBITDA Margin | 23.39% |
| PAT Margin | 11.38% |
| Debt-to-Equity Ratio | 1.19 |
| Earnings Per Share (EPS) | 8.67 |
| Price to Earnings Ratio (P/E) | 17.30 |
| Return on Net Worth (RoNW) | 35.51% |
| Net Asset Value (NAV) | 24.40 |
Our Company Promoters
- Zakiuddin Sujauddin,
- Hakimuddin Ghantawala,
- Zahabiya Kalabhai,
- Kaid Johar Kalabhai
- Mariya Sujauddin
Comparison of Accounting Ratios with Industry Peers
| Name of Company | CMP Price (₹) | Face Value (₹) | EPS ₹ | PE | RoNW (%) | Total Revenue (₹ In lakhs) |
|---|---|---|---|---|---|---|
| Gallard Steel Limited | [●] | 10 | 8.67 | 17.30 | 35.51% | 5,352.40 |
| Nitin Casting Limited | 490.85 | 5 | 24.14 | 20.33 | 15.03% | 15,447.84 |
| Pritika Engineering Components Limited | 85.50 | 5 | 2.18 | 39.22 | 12.63% | 11,765.96 |
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Gallard Steel Company Contact Details
G-1, Sukh Sneh apartments,
plot no. 168-M, Khatiwala tank,
Indore, Madhya Pradesh – 452-014
Tel No: +91-9644422252;
E-mail: cs@gallardsteel.com
Website: https://www.gallardsteel.com
Gallard Steel Lead Manager
ANKIT CONSULTANCY PRIVATE LIMITED
Address: 60, Electronic Complex,
Pardeshipura, Indore (M.P.) 452010, India
Telephone: +91 0731-4949444
Email: compliance@ankitonline.com
Website: https://www.ankitonline.com
Gallard Steel IPO Registrar
Seren Capital Private Limited
Address: Office no. 601 to 605,
Raylon Arcade, Kondivita, J.B. Nagar,
Mumbai,Maharashtra – 400059
Tel. No.: +91-22-46011058
Email: info@serencapital.in
Website: https://serencapital.in
Gallard Steel IPO FAQs
Question 1: What is the Gallard Steel IPO?
Answer 1: Gallard Steel IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 approximately up to ₹37.50 Cr. The issue is price at ₹142 to ₹150 per share.
The Gallard Steel IPO opens on Nov 19, 2025 and closes on Nov 21, 2025.
Seren Capital Private Limited is the registrar for the IPO. The shares to be listed on BSE SME.
Question 2: How to apply in Gallard Steel IPO through Groww?
Answer 2: Groww customers can apply online in Gallard Steel IPO using UPI as a payment gateway. Groww customers can apply in Gallard Steel IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in Gallard Steel IPO through Groww –
- Visit the Groww website and login to Groww.
- Go to Main Page and click the Products & tools and click IPO tab.
- New page Open and Show ‘ Gallard Steel IPO’ click the ‘Apply’ button.
- Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
- Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
- groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Gallard Steel IPO will open?
Answer 3: The Gallard Steel IPO opens on Nov 19, 2025, and closes on Nov 21, 2025.
Question 4: What is the lot size of Gallard Steel IPO?
Answer 4: Gallard Steel IPO lot size and the minimum order quantity is 2,000 Shares.
Question 5: How to apply for Gallard Steel IPO?
Answer 5: You can apply in Gallard Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Gallard Steel IPO allotment date?
Answer 6: The Basis of Allotment for Gallard Steel IPO will be on Mon, Nov, 24, 2025, and the allotted shares will be credited to your demat account by Tue, Nov, 25, 2025. For Check the Gallard Steel IPO allotment status.
Question 7: When is Gallard Steel IPO listing date?
Answer 7: The Gallard Steel IPO listing date is Nov 26, 2025. The date of Gallard Steel IPO listing on Wed, Nov, 26, 2025.
