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.
Price Band₹142 - ₹150 |
Dates19 Nov - 21 Nov |
GMP₹57 (38.00%) |
Subscriptions- |
Issue Size₹37.50 Crs |
Gallard Steel IPO Objects
- Funding capital expenditure for expansion of the existing manufacturing facility and construction of an office building.
- Repayment of a portion of certain borrowings availed by the Company
- General Corporate Purpose
Gallard Steel IPO Details
Price Band₹142 - ₹150 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹37.50 Cr (0.25 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹37.50 Cr (0.25 Cr Shares) |
Face Value₹10 per equity share |
Gallard Steel IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,000
3,00,000
Maximum
2
2,000
3,00,000
|
|||
| Small HNI |
Minimum
3
3,000
4,50,000
Maximum
6
6,000
9,00,000
|
|||
| Big HNI |
Minimum
7
7,000
10,50,000
|
|||
Gallard Steel IPO GMP
The estimated Grey Market Premium of Gallard Steel IPO is ₹57 per share (38.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 49.81% of Net Offer |
| NII | Not less than15.16 % of Net Offer |
| Retail | Not less than 35.03% of Net Offer |
| Market Maker | 125000 Eq.shares |
Gallard Steel IPO Financials
| 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 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
Gallard Steel IPO Peer Comparision
| 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
Gallard Steel IPO Peer Comparision
| Particulars | Gallard Steel Ltd. |
|---|---|
| Revenue from Ops (in Crs.) | 53.32 |
| PAT (In Crs.) | 6.07 |
| EPS - Basic | 8.67 |
| RONW | 35.51% |
| EBITDA | 23.39% |
| PAT Margin | 11.38% |
| Price to earning (PE) | 17.30 |
| Nitin Casting Ltd. | Pritika Eng. Ltd. |
|---|---|
| 150.57 | 117.38 |
| 12.41 | 5.74 |
| 24.14 | 2.18 |
| 15.03% | 12.63% |
| 10.20% | 15.56% |
| 8.24% | 4.90% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Kaid Kalabhai | 30.55% |
| Mariya Sujauddin | 30.28% |
| Hakimuddin Ghantawala | 20.00% |
| Zakiuddin Sujauddin | 10.29% |
| Others | 0.03% |
| Total | 91.15% |
Management Details
| Name | Designation |
|---|---|
| Zakiuddin Sujauddin | MD |
| Hakimuddin Ghantawala | CFO |
Company Details
Name: Gallard Steel Limited
Address: G-1, Sukh Sneh apartments, plot no. 168 M, Khatiwala tank, Indore, Madhya Pradesh – 452-014
Number: +91-9644422252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com
Book Running Lead Managers (BRLMs)
Seren Capital
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Gallard Steel IPO is a SME IPO having an issue size of Rs. ₹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.
Gallard Steel IPO opens on 19 Nov 25 and closes on 21 Nov 25.
The estimated Grey Market Premium of Gallard Steel IPO is ₹57 per share (38.00%).
The minimum lot size of Gallard Steel IPO is 1000 shares & the minimum application amount is Rs. 150000.
The allotment date of Gallard Steel IPO is 24 Nov 25.
The listing date of Gallard Steel IPO is 26 Nov 25.
Gallard Steel IPO is subscribed -.
Gallard Steel IPO is priced at ₹142 - ₹150 per share.
Click the allotment link on Gallard Steel IPO page of IPO360.
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