IPO Trending
GALLARDSME / BSEListed
Gallard Steel

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 produces ready-to-use components, assemblies, and subassemblies for sectors such as Indian Railways, defense, power generation, and allied industries. Its products include steel components, traction motor and bogie components for railways, defense cradles and trunnion housings, thermal and hydro turbine sub-assemblies, industrial machinery liners, and rebonded foam for furniture and industrial applications. Gallard Steel is focused on delivering high-quality, durable solutions across multiple sectors and, as of February 28, 2025, employs 58 employees.

₹142 - ₹150375.62x sub
Listed Price₹223.10
Listing Gain+48.73%

IPO Schedule & Timeline

Bookbuilding IPO
Open19 Nov 2025
Close21 Nov 2025
Allotment24 Nov 2025
Listing26 Nov 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor7,09,000 shares
28.36%
QIB4,74,000 shares
18.96%
HNI3,60,000 shares
14.4%
Retail8,32,000 shares
33.28%
Market Maker1,25,000 shares
5%

Minimum Application Lots

Retail2 Lots (2,000 shares)
₹3,00,000
sHNI3 Lots (3,000 shares)
₹4,50,000
bHNI7 Lots (7,000 shares)
₹10,50,000

Company Promoters

Zakiuddin SujauddinHakimuddin GhantawalaKaid Johar KalabhaiZahabiya KalabhaiMariya Zakiuddin Sujauddin

Company Background

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 produces ready-to-use components, assemblies, and subassemblies for sectors such as Indian Railways, defense, power generation, and allied industries. Its products include steel components, ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹32.14 Cr
Growth+15.4%
Revenue Trend (₹ in Crores)
0.020.541.061.5Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2532.144.2950.3319.13
Mar-2553.526.0748.7720.38
Mar-2427.863.2039.1417.59

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-256.1322.33%15.52%016.6
Mar-258.6743.16%26.59%17.310
Mar-245.1437.34%16.42%00
Mar-232.3620.56%14.23%00

Peer Comparison & Valuation

Financial Performance

Nitin Casting Limited

NAV/Share (₹)0
RONW(%)15.03
EPS (Basic) (₹)24.14

Pritika Engineering Components Limited

NAV/Share (₹)0
RONW(%)12.63
EPS (Basic) (₹)2.18

Gallard Steel Limited

NAV/Share (₹)0
RONW(%)35.51
EPS (Basic) (₹)8.67

Valuation

Nitin Casting Limited

P/E(X)20.33
CMP* (₹)490.85
Face value (₹)5.00

Pritika Engineering Components Limited

P/E(X)39.22
CMP* (₹)85.5
Face value (₹)5.00

Gallard Steel Limited

P/E(X)17.31
CMP* (₹)0
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Ankit Consultancy Private Limited

Allotment Finalized
Allotment Date
24 Nov 2025
Official Status
Out / Finalized
Registrar
Ankit Consultancy Private Limited
Listing Date
26 Nov 2025

Official Allotment Verification Links

Official Registrar Portal
Ankit Consultancy Private Limited

Direct allotment verification on the official registrar portal appointed for Gallard Steel. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization24 Nov 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date26 Nov 2025Trading commences on exchange

How to Check Gallard Steel Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Gallard Steel from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Gallard Steel IPO

Complete issue overview for Gallard Steel (GALLARD) IPO. The issue features an equity share price band of ₹142 – ₹150 per share with a minimum retail lot size of 1000 Shares (minimum application amount of ₹1,50,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions