Comparison between Gallard Steel IPO and Gurunanak Agriculture IPO.
Gallard Steel IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gurunanak Agriculture IPO is a SME Fixed Price proposed to list at NSE SME.
| Gallard Steel IPO | Gurunanak Agriculture IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Ankit Consultancy Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Gurunanak Agriculture IPO is up to ₹27.36 Cr. The final issue price of Gallard Steel IPO is ₹150.00 per share and of Gurunanak Agriculture IPO is ₹75.00 per share.
| Gallard Steel IPO | Gurunanak Agriculture 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 | ₹75.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1600 shares |
| Fresh Issue Size | 23,75,000 shares | 36,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹35.63 Cr | up to ₹27.36 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 | 36,48,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹27.36 Cr |
Gallard Steel IPO opens on Nov 19, 2025, while Gurunanak Agriculture IPO opens on Sep 24, 2025. The closing date of Gallard Steel IPO and Gurunanak Agriculture IPO is Nov 21, 2025, and Sep 26, 2025, respectively.
| Gallard Steel IPO | Gurunanak Agriculture IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | |
| Issue Open | Nov 19, 2025 | Sep 24, 2025 |
| Issue Close | Nov 21, 2025 | Sep 26, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Sep 29, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Sep 30, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Sep 30, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Oct 01, 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 Gurunanak Agriculture IPO P/E ratio of 10.11.
| Gallard Steel IPO | Gurunanak Agriculture 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 Standalone)Gurunanak Agriculture India Ltd.'s revenue not changed and profit after tax (PAT) rose by 147% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.14 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.16 | 68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.31 | 10.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹142.50 Cr. | ₹90.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.16 | 49.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.59 | 63.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.67 | ₹7.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.51 | 49.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gallard Steel IPO Retail Individual Investors (RII) are offered 8,32,000 shares while in Gurunanak Agriculture IPO retail investors are offered 8,32,000 shares. Qualified Institutional Buyers (QIB) are offered 4,74,000 shares in Gallard Steel IPO and 0 shares in Gurunanak Agriculture IPO.
| Gallard Steel IPO | Gurunanak Agriculture IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,09,000 shares | 0 shares |
| Market Maker Reservation | 1,25,000 shares | 1,92,000 shares |
| QIB | 4,74,000 shares | 0 shares |
| NII | 3,60,000 shares | 18,24,000 shares |
| RII | 8,32,000 shares | 18,24,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 23,75,000 shares | 36,48,000 shares |
Gallard Steel IPO subscribed 375.54x in total, whereas Gurunanak Agriculture IPO subscribed 1.72x.
| Gallard Steel IPO | Gurunanak Agriculture IPO | |
|---|---|---|
| QIB (times) | 228.48x | |
| NII (times) | 624.56x | 0.29x |
| Big NII (times) | 745.96x | |
| Small NII (times) | 381.75x | |
| RII (times) | 351.58x | 3.15x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 375.54x | 1.72x |
