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Gallard Steel Limited IPO | Important Dates, Price, and More
Author
Shoonya Team
Gallard Steel Limited has launched its ₹37.50 crore IPO, which opened for subscription on November 19, 2025. The issue will close on November 21, 2025. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of November 26, 2025.
The IPO is a book-built issue, consisting entirely of a fresh issue of 25 lakh equity shares aggregating up to ₹37.50 crore. There is no offer for sale (OFS) component in this issue.
The price band is set between ₹142 and ₹150 per share, and the lot size is 1,000 shares. Retail investors must apply for at least 2 lots (2,000 shares), requiring a minimum investment of ₹3,00,000. For HNI investors, the minimum bid size is 3 lots (3,000 shares), amounting to ₹4,50,000.
Here are the quick steps to apply for the Gallard Steel Limited IPO!
Gallard Steel Limited | IPO Details
| IPO Details | Information |
| IPO Type | Book Built Issue |
| Issue Size | ₹37.50 crore (Fresh Issue Only) |
| Fresh Issue | ₹37.50 crore |
| Price Band | ₹142 – ₹150 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹3,00,000 (2,000 shares) |
| Issue Opens | November 19, 2025 |
| Issue Closes | November 21, 2025 |
| Allotment Date (Tentative) | November 24, 2025 |
| Refunds Initiated | November 25, 2025 |
| Shares Credited to Demat | November 25, 2025 |
| Listing Date (Tentative) | November 26, 2025 |
| Listing Exchange | BSE SME |
| Book Running Lead Manager | Seren Capital Pvt. Ltd. |
| Registrar to the Issue | Ankit Consultancy Pvt. Ltd. |
| Market Maker | Asnani Stock Broker Pvt. Ltd. |
Gallard Steel Limited | Company Overview
Gallard Steel Limited was incorporated in 2015. It is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low-alloy steel castings. The company produces ready-to-use components, assemblies, and sub-assemblies for multiple industries, with a strong focus on Indian Railways, defence, power generation, and heavy engineering sectors.
Gallard Steel operates from its foundry in Pithampur, Dhar, Madhya Pradesh, spanning 12,195 sq. meters. The facility is ISO 9001:2015 certified and equipped with essential machinery for melting, heat treatment, moulding, grinding, sand mixing, and finishing. Moreover, the company supplies to sectors such as Railways, Defence, Power Generation, and Industrial Machinery.
Don’t miss the chance to invest in the Gallard Steel Limited IPO. Open a free Demat account!
Gallard Steel Limited IPO | Key Details
- IPO Opening Date: November 19, 2025
- IPO Closing Date: November 21, 2025
- Allotment Date: November 24, 2025
- Refunds Initiated: November 25, 2025
- Shares Credited to Demat: November 25, 2025
- Listing Date: November 26, 2025
- Price Band: ₹142 – ₹150 per share
- IPO Size: ₹37.50 crore (Fresh Issue Only)
- Cutoff Time for UPI Mandate Confirmation: 5 PM on November 21, 2025
Gallard Steel Limited IPO | Financial Overview
Gallard Steel Ltd. has recorded strong financial performance in recent years. Between FY24 and FY25, the company’s revenue grew by 92%, and profit after tax (PAT) increased by 90%.
Below is a snapshot of Gallard Steel’s financial performance:
Amount in ₹ Crore
| Metric | FY24 | FY25 | Change (₹ Cr) | % Change |
| Assets | 39.14 | 48.77 | +9.63 | +24.6% |
| Total Income | 27.86 | 53.52 | +25.66 | +92.1% |
| Profit After Tax (PAT) | 3.20 | 6.07 | +2.87 | +89.7% |
| EBITDA | 5.07 | 12.47 | +7.40 | +145.8% |
| Net Worth | 11.03 | 17.08 | +6.05 | +54.8% |
| Reserves & Surplus | 4.03 | 10.08 | +6.05 | +150.1% |
| Total Borrowing | 17.59 | 20.38 | +2.79 | +15.9% |
Gallard Steel Limited IPO | FAQs
The total issue size of the Gallard Steel Limited IPO is ₹37.50 crore, comprising a fresh issue of 25,00,000 equity shares. There is no OFS component.
The Gallard Steel Limited IPO price band is fixed between ₹142 and ₹150 per share, with a face value of ₹10 per share.
The IPO of Gallard Steel Limited opens for subscription on November 19, 2025, and closes on November 21, 2025.
Retail investors must apply for 2,000 shares (2 lots), requiring a minimum investment of ₹3,00,000 at the upper price band.
The Gallard Steel Limited IPO allotment is expected on November 24, 2025, and the shares will list on the BSE SME platform on November 26, 2025.
Investors can check the Gallard Steel Limited IPO allotment status on the Ankit Consultancy Pvt. Ltd. registrar website using their PAN, application number, or DP ID.
The Gallard Steel Limited IPO lot size is 1,000 shares, and applications must be placed in multiples of this lot.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
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