NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
Gallard Steel

Gallard Steel

Open Date

19 Nov 2025

Close Date

21 Nov 2025

listed

Min Investment

₹300000

Lot Size

2000 Shares

Issue Size

₹37.5 Cr

Price Range

₹142 - ₹150

Listing Date

Nov 26, 2025

IPO Doc

RHP PDF

About Gallard Steel

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.

Checklist Quality Analysis

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

60(+40.00%)GMP
40%Prediction Listing Gain

Gallard Steel IPO - Issue Objectives

The company will use up to ₹20.73 crore to expand its existing manufacturing facility The company will use up to ₹7.2 crore towards repayment of certain borrowings Part of the IPO proceeds will be used for general corporate purposes

Capital expenditure

55.2%

Repayment of borrowings

19.2%

General corporate purposes

25.5%

1

Capital expenditure

The company will use up to ₹20.73 crore to expand its existing manufacturing facility

55.20%
2

Repayment of borrowings

The company will use up to ₹7.2 crore towards repayment of certain borrowings

19.20%
3

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes

25.50%

IPO Subscription Status

Retails
348.31x
QIB
13.32x
NII
605.26x

Financials of Gallard Steel

In Cr.

Revenue: ₹32.14

EBITDA: ₹7.42

Profit: ₹4.29

Total Income
EBITDA
Total Profit
Negative Value
Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)
Revenue32.1453.5227.86
EBITDA7.4212.475.07
Expenses
Profit After Tax4.296.073.20
Assets50.3348.7739.14
Net Worth21.3817.0811.03
Reserves14.3810.084.03
Borrowing19.1320.3817.59

Gallard Steel - Promoter(s)

Gallard Steel

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

Registrar Contact Details

Ankit Consultancy Pvt.Ltd

Flat No. 01, Sukhsneh Apartment, 168-M Khatiwala Tank, Indore, Madhya Pradesh, 452014

Gallard Steel IPO - FAQs

Gallard Steel IPO is a SME IPO. The issue is priced at ₹142-150 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on 19 Nov, and closes on 21 Nov. Ankit Consultancy Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on SME.

Live IPOs

CMR Green Technologies logo

CMR Green Technologies

Mainboard
BSE
NSE
Open  Close3rd Jun 2026 - 5th Jun 2026
Issue Size630.88 Cr
Min. Qty78 Shares
Issue Price₹ 182.00
Live IPO
Vahh Chemicals logo

Vahh Chemicals

SME
Open  Close4th Jun 2026 - 8th Jun 2026
Issue Size13.45 Cr
Min. Qty2000 Shares
Issue Price₹ 60.00
Live IPO
UHM Vacation logo

UHM Vacation

SME
Open  Close4th Jun 2026 - 8th Jun 2026
Issue Size36.02 Cr
Min. Qty800 Shares
Issue Price₹ 157.00
Live IPO
Hexagon Nutrition logo

Hexagon Nutrition

Mainboard
Open  Close5th Jun 2026 - 9th Jun 2026
Issue Size138.87 Cr
Min. Qty333 Shares
Issue Price₹ 42.00
Live IPO
See All Live IPOs
IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.