Comparison between Gallard Steel IPO and Grace Renewable Energy IPO.
Gallard Steel IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Grace Renewable Energy IPO is a SME Bookbuilding proposed to list at BSE SME.
| Gallard Steel IPO | Grace Renewable Energy 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. | Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. |
| Registrar | Ankit Consultancy Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| 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 Grace Renewable Energy IPO is up to ₹0.00 Cr. The final issue price of Gallard Steel IPO is ₹150.00 per share and of Grace Renewable Energy IPO is .
| Gallard Steel IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹142.00 per share | |
| Issue Price (Upper) | ₹150.00 per share | |
| Issue Price (Final) | ₹150.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 23,75,000 shares | 44,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹35.63 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 11,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 23,75,000 shares | 55,00,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹0.00 Cr |
Gallard Steel IPO opens on Nov 19, 2025, while Grace Renewable Energy IPO opens on . The closing date of Gallard Steel IPO and Grace Renewable Energy IPO is Nov 21, 2025, and , respectively.
| Gallard Steel IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | |
| Issue Open | Nov 19, 2025 | |
| Issue Close | Nov 21, 2025 | |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | |
| Credit of Share (Tentative) | Nov 25, 2025 | |
| Listing date (Tentative) | Nov 26, 2025 | |
| Anchor Lockin End date 1 | Dec 25, 2025 | |
| Anchor Lockin End date 2 | Feb 23, 2026 |
Gallard Steel IPO P/E ratio is 17.31, as compared to Grace Renewable Energy IPO P/E ratio of .
| Gallard Steel IPO | Grace Renewable Energy 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)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.14 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹142.50 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.59 | 77.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.51 | 62.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gallard Steel IPO Retail Individual Investors (RII) are offered 8,32,000 shares while in Grace Renewable Energy IPO retail investors are offered 8,32,000 shares. Qualified Institutional Buyers (QIB) are offered 4,74,000 shares in Gallard Steel IPO and in Grace Renewable Energy IPO.
| Gallard Steel IPO | Grace Renewable Energy IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,09,000 shares | |
| Market Maker Reservation | 1,25,000 shares | |
| QIB | 4,74,000 shares | |
| NII | 3,60,000 shares | |
| RII | 8,32,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 23,75,000 shares |
Gallard Steel IPO subscribed 375.54x in total, whereas Grace Renewable Energy IPO subscribed .
| Gallard Steel IPO | Grace Renewable Energy IPO | |
|---|---|---|
| QIB (times) | 228.48x | |
| NII (times) | 624.56x | |
| Big NII (times) | 745.96x | |
| Small NII (times) | 381.75x | |
| RII (times) | 351.58x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 375.54x |
