Gallard Steel IPO Listing at 49% Premium at ₹223.10 Per Share

Posted by : sachet | Wed Nov 26 2025

Gallard Steel IPO listing: The Gallard Steel IPO was subscribed 375.54 times till its closing. In this subscription, qualified institutional buyers (QIBs) received 228.48 times, and non-institutional investors (NIIs) received 624.56 times. The retail quota of the issue was subscribed to 33.28%. Before delving deeper into the topic, go through the details of the Gallard Steel IPO.

Table of Contents

Gallard Steel IPO

It is a book-building issue of 37.50 crore shares, comprising a fresh issue of 0.25 crore shares. The IPO is expected to be listed on the BSE and SME, with a tentative listing date of 26th November 2025. The Gallard Steel IPO is scheduled to take place from 19th November 2025 to 21st November 2025. The face value of Gallard Steel IPO shares is ₹10 per share, and the IPO price is set at ₹142 to ₹150 per share.

IPO Open Date	19th November 2025
IPO Close Date	21st November 2025
IPO Allotment Date	24th November 2025
Refund Initiation	25th November 2025
Face Value	₹10 per share
Price Band	₹142 to ₹150 per share
Lot Size	1,000 Shares
Issue Size	25,00,000 shares(aggregating up to ₹37.50 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE and SME
Listing Date	26th November 2025

Gallard Steel IPO Listing

On the BSE (Bombay Stock Exchange), Gallard Steel shares are listed at ₹223.10 per share, reflecting a 49% premium over the issue price of ₹150 per share.

About the Gallard Steel IPO Listing

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, the defence sector, power generation, and allied industries, providing high-quality solutions across various sectors. Manufacturing operations are carried out at the foundry, located in Pithampur, Dhar, Madhya Pradesh, spanning a land area of 12,195 square meters and certified to ISO 9001:2015. The company utilises a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, moulding, sand mixing and finishing.

In-house manufacturing facilities
Diverse Customer base
Wide Geographical reach
Stringent quality control mechanism ensures standardised product quality

Gallard Steel Limited Financials

The company’s financial analysis is essential before applying for Gallard Steel Limited’s IPO. Refer to the table to learn about Gallard Steel Limited’s financial information.

Year Ended	30th September 2025	31st March 2025 (in cr.)	31st March 2024 (in cr.)
Assets	50.33	48.77	39.14
Revenue	32.14	53.52	27.86
Profit After Tax	4.29	6.07	3.20
EBITDA	7.42	12.47	5.07
Net Worth	21.38	17.08	11.03
Reserve and Surplus	14.38	10.08	4.03
Total Borrowing	19.13	20.38	17.59

Explanation

Gallard Steel Limited’s revenue increased by 92% from ₹6.07 crore in March 2024 to ₹4.29 crore in March 2025. Moreover, the company’s PAT increased by 90% from ₹6.07 crores to ₹4.29 crores. Investors can analyse other relevant factors and make a decision accordi