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Open
6 Mar 2006
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Close
10 Mar 2006
3
Allotment
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Listing
Tue, Apr 4, 2006
Price Band
₹10 per share
Issue Size
3,71,22,324 shares (agg. up to ₹37 Cr)
Listing Date
Tue, Apr 4, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.40x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 67.39 | ||
| Profit After Tax | 1.04 | 0.36 | 1.09 |
| NET Worth | 30.26 | 29.22 | 16.55 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ramsarup Industries Ltd. | Mainboard | ₹30.00 Cr | ₹60 | null | ₹83.45 | +39.08% | (+0.00%) |
| Shri Ramrupai Balaji Steels Ltd. | Mainboard | ₹44.00 Cr | ₹22 | null | ₹23.75 | +7.95% | (+0.00%) |
| MSP Steel & Power Ltd. | Mainboard | ₹16.00 Cr | ₹10 | null | ₹15.00 | +50.00% | ₹36.51 (-1.96%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the integrated Steel Plant | 190.82 |
| 2 | To meet the working capital requirements | |
| 3 | To utilise funds for general corporate purposes. | |
| 4 | To meet the public issue related expenses | |
| Total | 190.82 |
About Gallantt Metal IPO
Incorporated in February 2005, Gallantt Metal Ltd is an integrated Indian steel manufacturing company focused on producing sponge iron, M.S. billets, and TMT bars. Part of the Gallantt Group, it operates facilities in Gujarat and Uttar Pradesh, with a strong presence in the northern and eastern Indian markets. The company operates an integrated steel plant in Kutch, Gujarat, comprising a steel melt shop (1,76,420 MTPA), a sponge iron unit (99,000 MTPA), a rolling mill (1,68,300 MTPA), and a 25 MW captive power plant. The company produces high-quality TMT rebars (QST bars) and steel products sold under the brand 'Gallantt'. The company operates a captive power plant to support its manufacturing units, ensuring cost-effective production.+ Read More
Contact Details
Gallantt Metal Ltd. AddressCentre Point, 21Hemant Basu Sarani, 3rd FloorRoom No.306Kolkata, West Bengal, 700001033 30288500gml@gallantt.comVisit Website