Gallard Steel IPO Details
The Gallard Steel IPO is a book build issue with a total issue size of ₹37.5 cr Gallard Steel IPO opened for subscription on Nov 19, 2025 and closed on Nov 21, 2025. Gallard Steel IPO is set price band at ₹142 to ₹150 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹300,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 24, 2025, and listed on both the NSE and BSE on Nov 26, 2025.
Ankit Consultancy Pvt.Ltd. has been appointed as the registrar. Seren Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Gallard Steel IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 142 – 150
- Lot Size
- 1000
- Issue Size
- ₹37.5 Cr
- Minimum Investment
- ₹300000 (2000 Shares)
- Listing Date
- 26 November 2025
Current GMP
₹63 (+42.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Gallard Steel Limited
Gallard Steel Limited, incorporated in 2015, is a leading manufacturer of engineered steel castings including mild steel, SGCI (Spheroidal Graphite Cast Iron), and low alloy steel castings. The company specializes in the production of ready-to-use components, assemblies, and sub-assemblies catering to a wide range of industries such as Indian Railways, Defence, Power Generation, and Heavy Engineering.
With a strong focus on quality, innovation, and precision engineering, Gallard Steel delivers high-performance casting solutions designed to meet the demanding requirements of its clients across critical sectors.
Manufacturing Facility
Gallard Steel’s state-of-the-art foundry is located in Pithampur, District Dhar, Madhya Pradesh, covering a total land area of 12,195 square meters. The facility is ISO 9001:2015 certified, ensuring stringent adherence to quality management systems and international standards.
The plant is equipped with a comprehensive range of in-house machinery and equipment supporting key operations such as:
- Melting and Pouring
- Moulding and Sand Mixing
- Heat Treatment and Grinding
- Machining and Finishing
This integrated infrastructure enables Gallard Steel to maintain complete control over its manufacturing processes, ensuring consistent product quality and timely delivery.
Product Portfolio
1. Steel Components
Manufacture of unmachined and machined steel components tailored for diverse industrial applications, offering superior strength, durability, and dimensional accuracy.
2. Traction Motor & Bogie Components
Production of traction motor frames, bogie components, and other assemblies used in railway rolling stock, ensuring reliability and performance in heavy-duty operations.
3. Defence Components
Design and manufacture of critical defence-grade components such as cradle assemblies, recoiling cylinders, and trunnion housings, meeting stringent military standards and specifications.
4. Thermal & Hydro Turbine Sub-Assemblies
Engineering of precision sub-assemblies for thermal and hydro power turbines, including guide vanes, bush housings, and fork systems, contributing to efficient power generation.
5. Industrial Machinery & Equipment
Supply of high-temperature resistant liners and components for industrial machinery, enhancing equipment performance and service life in demanding operational environments.
6. Rebonded Foam
Production of recycled rebonded foam utilized in furniture, mattresses, and industrial applications, reflecting the company’s commitment to sustainability and resource efficiency.
Key Industries Served
- Railways
- Defence
- Power Generation (Thermal & Hydro)
- Heavy Engineering
- Industrial Equipment Manufacturing
Gallard Steel IPO Promoters
- Zakiuddin Sujauddin
- Hakimuddin Ghantawala
- Kaid Johar Kalabhai
- Zahabiya Kalabhai
- Mariya Zakiuddin Sujauddin
Promoters Holding
Holding Pre Issue
91.14%
Holding Post Issue
0.00%
Gallard Steel IPO Objective
The Company Gallard Steel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure towards expansion of our existing manufacturing facility and construction of office Building
- Repayment of a portion of certain borrowings availed by our Company
- General Corporate Purpose
Address / Contact Info
Gallard Steel Ltd.
Flat No. 01,
SukhsnehApartment,
168-M Khatiwala Tank
Indore, Madhya Pradesh, 452014
Phone: +91-9644422252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com/
IPO Snapshot
Book Running Lead Managers
- Seren Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Gallard Steel IPO is a Book-building IPO with a total issue size of ₹37.5 crore. The Gallard Steel IPO price band is ₹142 to 150 per share. The Gallard Steel IPO subscription opens on Wed, Nov 19, 2025, and closes on Fri, Nov 21, 2025. The Gallard Steel IPO will be listed on the BSE. Ankit Consultancy Pvt.Ltd. is the registrar for the Gallard Steel IPO.
The Gallard Steel IPO opens on Wed, Nov 19, 2025 and closes on Fri, Nov 21, 2025
Gallard Steel IPO Price Band is ₹142 to 150 per share.
Gallard Steel IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
The minimum investment for Gallard Steel IPO is ₹300000, based on one lot of 1000 shares at the upper price band of ₹150 per share.
Investors can apply for the Gallard Steel IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 21, 2025. The application amount remains blocked until the Gallard Steel IPO allotment is finalized.
Gallard Steel IPO issue size is ₹37.5 crores.
Gallard Steel IPO allotment date is Wed, Jul 1, 2026.
The registrar for Gallard Steel IPO is Ankit Consultancy Pvt.Ltd.. Investors can go to Ankit Consultancy Pvt.Ltd. website to check Gallard Steel IPO allotment status, refund processing, and other IPO-related information.
The Gallard Steel IPO GMP (Grey Market Premium) is ₹63 as of Wed, Nov 26, 2025. Based on the upper price band of ₹150 per share, the estimated Gallard Steel IPO listing price is ₹213, indicating a potential listing gain of approximately 0% over the issue price.