Comparison between Gallard Steel IPO and Monarch Surveyors IPO.
Gallard Steel IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Monarch Surveyors IPO is a SME Bookbuilding proposed to list at BSE SME.
| Gallard Steel IPO | Monarch Surveyors IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Ankit Consultancy Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Gallard Steel IPO is up to ₹35.63 Cr whereas the issue size of the Monarch Surveyors IPO is up to ₹88.58 Cr. The final issue price of Gallard Steel IPO is ₹150.00 per share and of Monarch Surveyors IPO is ₹250.00 per share.
| Gallard Steel IPO | Monarch Surveyors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹142.00 per share | ₹237.00 per share |
| Issue Price (Upper) | ₹150.00 per share | ₹250.00 per share |
| Issue Price (Final) | ₹150.00 per share | ₹250.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 23,75,000 shares | 35,43,000 shares |
| Fresh Issue Size (Amount) | up to ₹35.63 Cr | up to ₹88.58 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 23,75,000 shares | 35,43,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹88.58 Cr |
Gallard Steel IPO opens on Nov 19, 2025, while Monarch Surveyors IPO opens on Jul 22, 2025. The closing date of Gallard Steel IPO and Monarch Surveyors IPO is Nov 21, 2025, and Jul 24, 2025, respectively.
| Gallard Steel IPO | Monarch Surveyors IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | Jul 21, 2025 |
| Issue Open | Nov 19, 2025 | Jul 22, 2025 |
| Issue Close | Nov 21, 2025 | Jul 24, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Jul 25, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Jul 28, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Jul 28, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Jul 29, 2025 |
| Anchor Lockin End date 1 | Dec 25, 2025 | Aug 24, 2025 |
| Anchor Lockin End date 2 | Feb 23, 2026 | Oct 23, 2025 |
Gallard Steel IPO P/E ratio is 17.31, as compared to Monarch Surveyors IPO P/E ratio of 7.47.
| Gallard Steel IPO | Monarch Surveyors IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated)Monarch Surveyors & Engineering Consultants Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 91.14 | 98.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.16 | 72.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.31 | 7.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹142.50 Cr. | ₹353.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.16 | 32.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.59 | 39.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.67 | ₹33.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.51 | 32.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gallard Steel IPO Retail Individual Investors (RII) are offered 8,32,000 shares while in Monarch Surveyors IPO retail investors are offered 8,32,000 shares. Qualified Institutional Buyers (QIB) are offered 4,74,000 shares in Gallard Steel IPO and 7,08,000 shares in Monarch Surveyors IPO.
| Gallard Steel IPO | Monarch Surveyors IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,09,000 shares | 10,61,400 shares |
| Market Maker Reservation | 1,25,000 shares | 2,07,000 shares |
| QIB | 4,74,000 shares | 7,08,000 shares |
| NII | 3,60,000 shares | 5,32,800 shares |
| RII | 8,32,000 shares | 12,40,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 23,75,000 shares | 35,43,000 shares |
Gallard Steel IPO subscribed 375.54x in total, whereas Monarch Surveyors IPO subscribed 250.65x.
| Gallard Steel IPO | Monarch Surveyors IPO | |
|---|---|---|
| QIB (times) | 228.48x | 179.01x |
| NII (times) | 624.56x | 317.05x |
| Big NII (times) | 745.96x | 364.02x |
| Small NII (times) | 381.75x | 224.26x |
| RII (times) | 351.58x | 263.01x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 375.54x | 250.65x |
