Gallard Steel IPO Date, Review, Price, Allotment Details
The Gallard Steel IPO will open for subscription on November 19, 2025, and close on November 21, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹37.50 crores, consisting of a fresh issue of ₹37.50 crores and an offer for sale of [.] equity shares with a face value of ₹10 each.
The IPO price band has been set between ₹142 to ₹150 per share. The retail investor quota is 35%, while QIBs have been allocated 50% and HNIs 15%. The basis of allotment will be finalized on November 24, 2025, and the shares are expected to be listed on BSE on November 26, 2025.
Financially, the company has shown strong growth — reporting revenue of ₹535.24 crores in 2025, up from ₹278.61 crores in 2024, and profit of ₹60.67 crores in 2025, compared to ₹31.96 crores in 2024. Based on these improving financials, Gallard Steel IPO appears suitable for long-term investors.
Gallard Steel IPO Details
IPO Open Date November 19, 2025 IPO Close Date November 21, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹142 to ₹150 Per Share Issue Size Approx ₹37.50 Crores Fresh Issue Approx ₹37.50 Crores Issue Type Book Built Issue IPO Listing BSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Gallard Steel IPO Market Lot
The Gallard Steel IPO minimum market lot is 2,000 shares with ₹3,00,000 application amount.
Application Lot Size Shares Amount Retail Minimum 2 2,000 ₹3,00,000 Retail Maximum 2 2,000 ₹3,00,000 S-HNI Minimum 3 3,000 ₹4,50,000 S-HNI Maximum 6 6,000 ₹9,00,000 B-HNI Minimum 7 7,000 ₹10,50,000
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor 7,09,000 Shares 28.36% QIB (Ex. Anchor) 4,74,000 Shares 18.96% NII Shares Offered 3,60,000 Shares 14.40% Retail Shares Offered 8,32,000 Shares 33.28%
Gallard Steel IPO Anchor Investors
Anchor Bidding Date November 18, 2025 Anchor Investors List Shares Offered 7,09,000 Shares Anchor Size 10.64 Cr. lock-in period end date 50% shares (30 Days) December 24, 2025 lock-in period end date 50% shares (90 Days) February 22, 2026
Gallard Steel IPO Dates
The Gallard Steel IPO will open on November 19, 2025, and close on November 21, 2025. The basis of allotment is expected to be finalized on November 24, 2025, while the IPO listing is scheduled for November 26, 2025.
IPO Open Date: November 19, 2025 IPO Close Date: November 21, 2025 Basis of Allotment: November 24, 2025 Refunds: November 25, 2025 Credit to Demat Account: November 25, 2025 IPO Listing Date: November 26, 2025 IPO Bidding Cut-off Time: November 21, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of Gallard Steel Limited are Zakiuddin Sujauddin, Hakimuddin Ghantawala, Kaid Johar Kalabhai, Zahabiya Kalabhai, and Mariya Zakiuddin Sujauddin.
Particular Shares % Share Promoter Holding Pre Issue 70,00,000 91.14% Promoter Holding Post Issue 95,00,000 67.16%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building ₹20.14 Repayment of a portion of certain borrowings availed by the Company ₹7.00 General Corporate Purpose ₹-
About Gallard Steel IPO
To be updated soon
Gallard Steel IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2024 ₹278.61 ₹241.91 ₹31.96 ₹391.39 2025 ₹535.24 ₹451.03 ₹60.67 ₹487.73 June 2025 ₹321.35 ₹265.61 ₹42.93 ₹503.35
Gallard Steel IPO Valuation – FY2025
Check Gallard Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 43.16% ROCE: 26.59% EBITDA Margin: 23.39% PAT Margin: 11.38% Debt to equity ratio: 1.19 Earning Per Share (EPS): ₹8.67 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 35.51% Net Asset Value (NAV): ₹24.40
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Nitin Casting Limited 24.14 20.33 15.03% 160.63 154.48 Cr. Pritika Engineering Components Limited 2.18 39.22 12.63% 17.25 117.66 Cr.
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt. Ltd.
Company Address
Gallard Steel Ltd.
Flat No. 01,
SukhsnehApartment,
168-M Khatiwala Tank
Indore, Madhya Pradesh, 452014
Phone: +91-9644422252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com/
IPO Registrar
Ankit Consultancy Pvt. Ltd.
Phone: +91 0731-4949444
Email: compliance@ankitonline.com
Website: https://www.ankitonline.com/