Gallard Steel
BSE SME₹3,00,000 / Individual : 2000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 21 Nov 2025, 05:57 PM |
| QIBs | 228.48 times |
| NII | 624.90 times |
| Total | 375.62 times |
Gallard Steel IPO Details
The Gallard Steel IPO price band is set between ₹142-150 per equity share, with a face value of ₹10 per share. The issue is managed by Ankit Consultancy Pvt.Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 19 Nov, 2025 and closes on 21 Nov, 2025. Investors can check the allotment status on 24 Nov, 2025, while the listing date is tentatively scheduled for 26 Nov, 2025.
The total issue size is 25,00,000 shares, aggregating up to ₹37.5 crore. Stay tuned for the latest Gallard Steel IPO review and GMP updates.
Gallard Steel IPO Review, Rating & Analysis
Gallard Steel IPO Review
May ApplyGallard Steel IPO Rating
Gallard Steel IPO Highlights
IPO Date
Nov 19, 2025 - Nov 21, 2025
Listing Date
26 Nov, 2025
Face Value
₹10 Per Equity Share
Price Band
₹142-150 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Gallard Steel IPO Lot Size
The minimum market lot for Gallard Steel IPO is 2000 shares with an application amount of ₹3,00,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹3,00,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 2000 | ₹3,00,000 |
| S-HNI (Max) | 3 | 6000 | ₹9,00,000 |
| B-HNI (Min) | 4 | 8000 | ₹12,00,000 |
Gallard Steel IPO Timeline
Issue Price
₹142-150 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Ankit Consultancy Pvt.LtdLead Manager
Seren Capital Pvt.LtdIssue Size
25,00,000 shares(aggregating up to ₹37.5 crore)Gallard Steel IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 709000 | 28.36% |
| Market Maker Shares Offered | 125000 | 5% |
| QIB Shares Offered | 474000 | 18.96% |
| NII (HNI) Shares Offered | 360000 | 14.4% |
| bNII > ₹10L | 240000 | 9.53% |
| sNII < ₹10L | 120000 | 4.77% |
| Individual Shares Offered | 832000 | 33.28% |
| Total Shares Offered | 2500000 | 100% |
Gallard Steel IPO Documents
Gallard Steel IPO Valuations
EPS Pre IPO
₹8.67/-EPS Post IPO
₹9.04/-PE Pre IPO
17.31PE Post IPO
16.6ROE
43.16%ROCE
26.59%Debt Equity
1.19RoNW
35.51%PAT Margin
11.38%Price to Book Value
6.15Promoters & Share Holding
Promoter(s) Name
- Zakiuddin Sujauddin
- Hakimuddin Ghantawala
- Kaid Johar Kalabhai
- Zahabiya Kalabhai
- Mariya Zakiuddin Sujauddin
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 91.14% | % |
About Company
Incorporated in 2015, Gallard Steel Limited is a manufacturer of engineered steel castings, which includes mild steel, SGCI, and low alloy castings.
The company manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, the defence sector, power generation, and allied industries, providing high-quality solutions across various sectors.
The foundry, spread over an area of 12,195 square meters in Pithampur, Dhar, Madhya Pradesh, performs the manufacturing operations and is ISO 9001:2015-certified. The company makes use of various in-house machinery and equipment for processes related to melting, heat treatment, grinding, moulding, sand mixing, and finishing.
The company supplies components for railway traction motors, defence cradles, power generation guide vanes, and industrial machinery liners to sectors such as railways, defence, power generation, and heavy engineering industries.
Gallard Steel IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,74,000 | 3,60,000
2,40,000
1,20,000
| 8,32,000 | 16,66,000 |
Day 119-11-25 06:00 PM | 0.00 x | 8.88
10.65 x
5.33 x
| 7.00 x | 5.41 x |
Day 220-11-25 06:00 PM | 1.97 x | 57.49
66.93 x
38.63 x
| 48.48 x | 37.19 x |
Day 321-11-25 06:00 PM | 228.48 x | 624.90
745.96 x
381.75 x
| 351.58 x | 375.62 x |
Ind:351.58x
BHNI:289.20x
SHNI:358.45x
Gallard Steel IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | - |
| Repayment of a portion of certain borrowings availed by the Company | - |
| General Corporate Purpose | - |
Company Contact Details
Gallard Steel
Flat No. 01, Sukhsneh Apartment, 168-M Khatiwala Tank, Indore, Madhya Pradesh, 452014Registrar Contact Details
Ankit Consultancy Pvt.Ltd
Phone: 0731 - 491 298 / 492 698
Email: compliance@ankitonline.com
Website: https://www.ankitonline.com/PublicIssue/FrmPublicIssue.aspx
Frequently Asked Questions about Gallard Steel IPO
When will Gallard Steel IPO open for subscription?
The Gallard Steel IPO opens on 19 Nov, 2025 and closes on 21 Nov, 2025.
What is the investors portion for Gallard Steel IPO?
The investors' portion for QIB is 228.48 x, NII is 745.96 x, and Retail is 351.58 x.
How to apply for Gallard Steel IPO?
You can apply for Gallard Steel IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Gallard Steel IPO?
The issue size of Gallard Steel IPO is approx ₹25,00,000 shares(aggregating up to ₹37.5 crore) crores.
What is the price band of Gallard Steel IPO?
The price band for Gallard Steel IPO is ₹142 to ₹150 per equity share.
What is the lot size of Gallard Steel IPO?
The minimum bid (lot size) for Gallard Steel IPO is 1000 shares with an investment of approx ₹3,00,000 .
What is the allotment date of Gallard Steel IPO?
The allotment date for Gallard Steel IPO is 24 Nov, 2025.
What is the listing date of Gallard Steel IPO?
The listing date for Gallard Steel IPO is expected to be 26 Nov, 2025.
What is the GMP of Gallard Steel IPO?
The latest Grey Market Premium (GMP) for Gallard Steel IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.