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Open
19 Nov 2025
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Close
21 Nov 2025
3
Allotment
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Listing
Wed, Nov 26, 2025
Price Band
₹142 to ₹150
Issue Size
25,00,000 shares (agg. up to ₹38 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Nov 26, 2025
Latest GMP
₹63
Est. Gain
42%
✦ AI Insight
GMP Trend
26-11-2025₹63Est. ₹213+42%
25-11-2025₹57Est. ₹207+38%
24-11-2025₹70Est. ₹220+46.67%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 263.01x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 50.33 | 48.77 | 39.14 |
| Total Income | 32.14 | 53.52 | 27.86 |
| Profit After Tax | 4.29 | 6.07 | 3.20 |
| EBITDA | 7.42 | 12.47 | 5.07 |
| NET Worth | 21.38 | 17.08 | 11.03 |
| Reserves and Surplus | 14.38 | 10.08 | 4.03 |
| Total Borrowing | 19.13 | 20.38 | 17.59 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sellowrap Industries Ltd. | SME | ₹30.28 Cr | ₹83 | 8.4 | ₹94.50 | +13.86% | ₹65.50 (-7.09%) |
| Maxvolt Energy Industries Ltd. | SME | ₹54.00 Cr | ₹180 | 29.39 | ₹180.90 | +0.50% | ₹381.55 (+1.99%) |
| CLN Energy Ltd. | SME | ₹72.30 Cr | ₹250 | 19.57 | ₹254.15 | +1.66% | ₹537.00 (+3.06%) |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹557.90 (-1.29%) |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹456.25 (+2.10%) |
| Belrise Industries Ltd. | Mainboard | ₹2,150.00 Cr | ₹90 | 16.61 | ₹97.41 | +8.23% | ₹230.91 (-1.74%) |
| Carraro India Ltd. | Mainboard | ₹1,250.00 Cr | ₹704 | 63.97 | ₹636.20 | -9.63% | ₹569.70 (+1.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | 20.14 |
| 2 | Repayment of a portion of certain borrowings availed by the Company | 7.00 |
| 3 | General Corporate Purposes | 4.66 |
| 4 | Issue Expenses | 4.91 |
| Total | 36.71 |
About Gallard Steel IPO
Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including 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. Manufacturing operations are carried out at the foundry, located in Pithampur, Dhar, Madhya Pradesh, spanning a land area of 12,195 square meters and certified to ISO 9001:2015. The company utilises a range of in-house machinery and equipment to support processes such as 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, serving sectors such as railways, defence, power generation, and heavy engineering industries. Products: Steel Components: Manufacturing unmachined and machined steel components for various sectors. Traction Motor & Bogie Components: Producing components for traction motors and bogie assemblies in railways. Defence Components: Manufactu
Contact Details
Gallard Steel Ltd. AddressFlat No.01SukhsnehApartment168-M Khatiwala TankIndore, Madhya Pradesh, 452014+91-9644422252cs@gallardsteel.comVisit Website