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Gallard Steel Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. Seren Capital Pvt.Ltd. is the book running lead manager and Ankit Consultancy Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Gallard Steel IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 25, 2025 |
| SEBI/Exchange approval received | Thu, Aug 14, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings.
The company manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, defense, power generation, and allied industries, providing high-quality solutions for various sectors.
The company supplies components for railway traction motors, defense cradles, power generation guide vanes, and industrial machinery liners, serving sectors like railways, defense, power generation, and heavy engineering industries.
Products:
As of February 28, 2025, the company has 58 employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
| Assets | 42.15 | 39.13 |
| Total Income | 24.54 | 27.86 |
| Profit After Tax | 3.12 | 3.18 |
| Net Worth | 14.14 | 11.02 |
| Reserves and Surplus | 7.14 | 4.02 |
| Total Borrowing | 16.84 | 17.66 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROE | 37.22% |
| ROCE | 16.39% |
| Debt/Equity | 1.60 |
| RoNW | 28.90% |
| PAT Margin | 11.87% |
The Company Gallard Steel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | 201.37 |
| 2 | Repayment of a portion of certain borrowings availed by the Company | 70 |
| 3 | General Corporate Purpose |
Gallard Steel Ltd.
Flat No. 01,
SukhsnehApartment,
168-M Khatiwala Tank, Indore, 452014
Indore, Madhya Pradesh, 452014
Phone: +91-9644422252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com/
Ankit Consultancy Pvt.Ltd.
Phone: 0731 - 491 298 / 492 698
Email: compliance@ankitonline.com
Website:
Gallard Steel IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Gallard Steel IPO open and close dates are not available as of now.
Ankit Consultancy Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gallard Steel IPO using UPI as a payment gateway. Zerodha customers can apply in Gallard Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gallard Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gallard Steel IPO dates are not announced. Please check back again after some time.
Gallard Steel IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gallard Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gallard Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gallard Steel IPO allotment status.
The Gallard Steel IPO listing date is not yet announced. The tentative date of Gallard Steel IPO listing is [.].
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