Anondita Medicare IPO vs Gallard Steel IPO

Comparison between Anondita Medicare IPO and Gallard Steel IPO.

IPO Details

Anondita Medicare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Gallard Steel IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Anondita Medicare IPO is up to ₹65.58 Cr whereas the issue size of the Gallard Steel IPO is up to ₹35.63 Cr. The final issue price of Anondita Medicare IPO is ₹145.00 per share and of Gallard Steel IPO is ₹150.00 per share.

 Anondita Medicare IPOGallard Steel IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹137.00 per share₹142.00 per share
Issue Price (Upper)₹145.00 per share₹150.00 per share
Issue Price (Final)₹145.00 per share₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares1000 shares
Fresh Issue Size45,23,000 shares23,75,000 shares
Fresh Issue Size (Amount)up to ₹65.58 Crup to ₹35.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total45,23,000 shares23,75,000 shares
Issue Size Total (Amount)up to ₹65.58 Crup to ₹35.63 Cr

IPO Timetable

Anondita Medicare IPO opens on Aug 22, 2025, while Gallard Steel IPO opens on Nov 19, 2025. The closing date of Anondita Medicare IPO and Gallard Steel IPO is Aug 26, 2025, and Nov 21, 2025, respectively.

 Anondita Medicare IPOGallard Steel IPO
Anchor Bid DateAug 21, 2025Nov 18, 2025
Issue OpenAug 22, 2025Nov 19, 2025
Issue CloseAug 26, 2025Nov 21, 2025
Basis Of Allotment (Tentative)Aug 28, 2025Nov 24, 2025
Initiation of Refunds (Tentative)Aug 29, 2025Nov 25, 2025
Credit of Share (Tentative)Aug 29, 2025Nov 25, 2025
Listing date (Tentative)Sep 01, 2025Nov 26, 2025
Anchor Lockin End date 1Sep 27, 2025Dec 25, 2025
Anchor Lockin End date 2Nov 26, 2025Feb 23, 2026

Financials & KPIs

Anondita Medicare IPO P/E ratio is 11.74, as compared to Gallard Steel IPO P/E ratio of 17.31.

 Anondita Medicare IPOGallard Steel IPO
Financials

Company Financials (Restated Consolidated)

Anondita Medicare Ltd.'s revenue increased by 66% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets78.2742.9237.80
Total Income77.1346.5636.14
Profit After Tax16.423.840.35
EBITDA25.659.093.58
NET Worth37.8710.598.69
Reserves and Surplus24.5810.396.55
Total Borrowing27.3924.0122.66
Amount in ₹ Crore

Company Financials (Proforma Consolidated)

Gallard Steel Ltd.'s revenue increased by 92% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 2024
Assets50.3348.7739.14
Total Income32.1453.5227.86
Profit After Tax4.296.073.20
EBITDA7.4212.475.07
NET Worth21.3817.0811.03
Reserves and Surplus14.3810.084.03
Total Borrowing19.1320.3817.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.9591.14
Promoter Shareholding (Post-Issue)61.7167.16
P/E Ratio11.7417.31
Market Cap₹262.26 Cr.₹142.50 Cr.
ROE41.7143.16
ROCE37.4226.59
Debt/Equity0.701.19
EPS₹12.35₹8.67
RoNW41.7135.51

Shares Offered

In the Anondita Medicare IPO Retail Individual Investors (RII) are offered 15,86,000 shares while in Gallard Steel IPO retail investors are offered 15,86,000 shares. Qualified Institutional Buyers (QIB) are offered 9,06,000 shares in Anondita Medicare IPO and 4,74,000 shares in Gallard Steel IPO.

 Anondita Medicare IPOGallard Steel IPO
Anchor Investor Reservation13,50,000 shares7,09,000 shares
Market Maker Reservation2,70,000 shares1,25,000 shares
QIB9,06,000 shares4,74,000 shares
NII6,81,000 shares3,60,000 shares
RII15,86,000 shares8,32,000 shares
Employee0 shares0 shares
Others
Total45,23,000 shares23,75,000 shares

Bids Received (Subscription)

Anondita Medicare IPO subscribed 300.89x in total, whereas Gallard Steel IPO subscribed 375.54x.

 Anondita Medicare IPOGallard Steel IPO
QIB (times)153.03x228.48x
NII (times)531.82x624.56x
Big NII (times)641.02x745.96x
Small NII (times)313.43x381.75x
RII (times)286.20x351.58x
Employee (times)
Other (times)
Total (times)300.89x375.54x

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