Comparison between Gallard Steel IPO and Star Imaging IPO.
Gallard Steel IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Star Imaging IPO is a SME Bookbuilding proposed to list at BSE SME.
| Gallard Steel IPO | Star Imaging 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. | Share India Capital Services Pvt.Ltd. |
| Registrar | Ankit Consultancy Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Share India Securities 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 Star Imaging IPO is up to ₹62.65 Cr. The final issue price of Gallard Steel IPO is ₹150.00 per share and of Star Imaging IPO is ₹142.00 per share.
| Gallard Steel IPO | Star Imaging IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹142.00 per share | ₹135.00 per share |
| Issue Price (Upper) | ₹150.00 per share | ₹142.00 per share |
| Issue Price (Final) | ₹150.00 per share | ₹142.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 23,75,000 shares | 34,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹35.63 Cr | up to ₹48.85 Cr |
| OFS Issue Size | 0 shares | 9,72,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹13.80 Cr |
| Issue Size Total | 23,75,000 shares | 44,12,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹62.65 Cr |
Gallard Steel IPO opens on Nov 19, 2025, while Star Imaging IPO opens on Aug 08, 2025. The closing date of Gallard Steel IPO and Star Imaging IPO is Nov 21, 2025, and Aug 12, 2025, respectively.
| Gallard Steel IPO | Star Imaging IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | Aug 07, 2025 |
| Issue Open | Nov 19, 2025 | Aug 08, 2025 |
| Issue Close | Nov 21, 2025 | Aug 12, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Aug 13, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Aug 14, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Aug 14, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Aug 18, 2025 |
| Anchor Lockin End date 1 | Dec 25, 2025 | Sep 12, 2025 |
| Anchor Lockin End date 2 | Feb 23, 2026 | Nov 11, 2025 |
Gallard Steel IPO P/E ratio is 17.31, as compared to Star Imaging IPO P/E ratio of 12.01.
| Gallard Steel IPO | Star Imaging 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 Consolidated)Star Imaging & Path Lab Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 91.14 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.16 | 71.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.31 | 12.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹142.50 Cr. | ₹247.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.16 | 40.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.59 | 29.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.67 | ₹11.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.51 | 40.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gallard Steel IPO Retail Individual Investors (RII) are offered 8,32,000 shares while in Star Imaging IPO retail investors are offered 8,32,000 shares. Qualified Institutional Buyers (QIB) are offered 4,74,000 shares in Gallard Steel IPO and 8,71,000 shares in Star Imaging IPO.
| Gallard Steel IPO | Star Imaging IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,09,000 shares | 13,04,000 shares |
| Market Maker Reservation | 1,25,000 shares | 4,80,000 shares |
| QIB | 4,74,000 shares | 8,71,000 shares |
| NII | 3,60,000 shares | 6,57,000 shares |
| RII | 8,32,000 shares | 15,28,000 shares |
| Employee | 0 shares | 52,000 shares |
| Others | ||
| Total | 23,75,000 shares | 44,12,000 shares |
Gallard Steel IPO subscribed 375.54x in total, whereas Star Imaging IPO subscribed 5.67x.
| Gallard Steel IPO | Star Imaging IPO | |
|---|---|---|
| QIB (times) | 228.48x | 12.85x |
| NII (times) | 624.56x | 4.38x |
| Big NII (times) | 745.96x | 5.12x |
| Small NII (times) | 381.75x | 2.89x |
| RII (times) | 351.58x | 2.32x |
| Employee (times) | 0.31x | |
| Other (times) | ||
| Total (times) | 375.54x | 5.67x |
