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Gallard Steel IPO vs Monarch Surveyors IPO

Comparison between Gallard Steel IPO and Monarch Surveyors IPO.

IPO Details

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 IPOMonarch Surveyors IPO
LogoGallard Steel IPO LogoMonarch Surveyors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSeren Capital Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarAnkit Consultancy Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Gallard Steel IPO is up to ₹0.00 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 and of Monarch Surveyors IPO is ₹250.00 per share.

 Gallard Steel IPOMonarch Surveyors IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹237.00 per share
Issue Price (Upper)₹250.00 per share
Issue Price (Final)₹250.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares
Fresh Issue Size30,00,000 shares35,43,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹88.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total0 shares35,43,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹88.58 Cr

IPO Timetable

Gallard Steel IPO opens on , while Monarch Surveyors IPO opens on Jul 22, 2025. The closing date of Gallard Steel IPO and Monarch Surveyors IPO is , and Jul 24, 2025, respectively.

 Gallard Steel IPOMonarch Surveyors IPO
Anchor Bid DateJul 21, 2025
Issue OpenJul 22, 2025
Issue CloseJul 24, 2025
Basis Of Allotment (Tentative)Jul 25, 2025
Initiation of Refunds (Tentative)Jul 28, 2025
Credit of Share (Tentative)Jul 28, 2025
Listing date (Tentative)Jul 29, 2025
Anchor Lockin End date 1Aug 24, 2025
Anchor Lockin End date 2Oct 23, 2025

Financials & KPIs

Gallard Steel IPO P/E ratio is , as compared to Monarch Surveyors IPO P/E ratio of 7.47.

 Gallard Steel IPOMonarch Surveyors IPO
Financials

Gallard Steel Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 2024
Assets42.1539.13
Total Income24.5427.86
Profit After Tax3.123.18
Net Worth14.1411.02
Reserves and Surplus7.144.02
Total Borrowing16.8417.66
Amount in ₹ Crore

Monarch Surveyors & Engineering Consultants Ltd. Financial Information (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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets148.06102.1264.51
Total Income155.66141.2772.72
Profit After Tax34.8330.018.59
EBITDA51.1042.7811.68
Net Worth108.8073.9743.96
Reserves and Surplus98.4073.8843.88
Total Borrowing14.2912.968.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.1498.42
Promoter Shareholding (Post-Issue)72.35
P/E Ratio7.47
Market Cap₹353.90 Cr.
ROE37.22%32.01%
ROCE16.39%39.59%
Debt/Equity1.600.13
EPS₹33.47
RoNW28.90%32.01%

Shares Offered

In the Gallard Steel IPO Retail Individual Investors (RII) are offered while in Monarch Surveyors IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Gallard Steel IPO and 7,08,000 shares in Monarch Surveyors IPO.

 Gallard Steel IPOMonarch Surveyors IPO
Anchor Investor Reserveration10,61,400 shares
Market Maker Reserveration2,07,000 shares
QIB7,08,000 shares
NII5,32,800 shares
RII12,40,800 shares
Employee0 shares
Others
Total35,43,000 shares

Bids Received (Subscription)

Gallard Steel IPO subscribed in total, whereas Monarch Surveyors IPO subscribed 250.65x.

 Gallard Steel IPOMonarch Surveyors IPO
QIB (times)179.01x
NII (times)317.05x
Big NII (times)364.02x
Small NII (times)224.26x
RII (times)263.01x
Employee (times)
Other (times)
Total (times)250.65x