Gallard Steel
26 Nov '25SME
Min. Investment
₹2,84,000
Issue size
₹37.5 Cr
GMP
Locked
Overall subscription: 346x
Check allotment status
Expert verdict
IPO dates
19 Nov
Opening
21 Nov
Closing
24 Nov
Allotment
26 Nov
Listing
*Refunds will be initiated on 25 Nov '25
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹3,00,000 |
Subscription (as on 25 February 2026, 06:30 PM)
Overall346x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2015|MD: Mr Zakiuddin Sujauddin
- Gallard Steel is an engineering company involved in manufacturing ready-to-use components, assemblies, and subassemblies for the Indian railways, defence, power generation, and industrial machinery sectors. Its product range includes traction motor components, bogie assembly components, sub-assemblies for thermal and hydro turbines, and cast-metal components made from carbon steel, ductile iron, grey cast iron, and alloy steels. The company also produces cradles, recoiling assembly cylinders, guide vanes, bush housings, fork systems, and high-temperature-resistant liners for various industrial applications.
- Its operations primarily serve heavy engineering companies, government defence units, and railway manufacturing entities.
- The company manufactures products at its foundry in Pithampur, Madhya Pradesh, and undertakes machining at its subsidiary Sleeploop India Private Limited (SIPL), which also operates a rebonded foam division. It has additionally set up Gallard Steel Europe B.V. in the Netherlands for future export operations.
Issue Details & Objective
Lot size
1000 Shares
Price band
₹142 to 150
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.36%
Retail - 33.28%
Download DRHP (IPO Doc)FAQs
Should I apply for the Gallard Steel IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Gallard Steel IPO?
The issue size of Gallard Steel IPO is ₹37.5 Cr
What are the open and close dates for Gallard Steel IPO?
The Gallard Steel IPO will be open for applications from 19 Nov '25 to 21 Nov '25
What is the lot size and minimum order quantity of Gallard Steel IPO?
The lot size of Gallard Steel IPO is 1000 Shares and its minimum investment amount is ₹2,84,000.
What is the GMP value of Gallard Steel IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Gallard Steel IPO is 34.67
