The Gallard Steel Ltd IPO date has been confirmed from November 19, 2025, and closes on November 21, 2025. Read the post to learn about Gallard Steel Ltd IPO GMP.
Gallard Steel IPO is a book build issue of ₹37.50 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹37.50 crore. Gallard Steel IPO price band is set at ₹142.00 to ₹150.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹3,00,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,50,000.
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Bidding Dates
Nov 19 – Nov 21Price Range
₹142 to ₹150 per shareFace Value
₹10 per shareGMP
₹0Gallard Steel Ltd IPO GMP
The Gallard Steel Ltd IPO GMP Today is ₹0.
IPO Overview
Gallard Steel IPO opens for subscription on Nov 19, 2025 and closes on Nov 21, 2025. The allotment for the Gallard Steel IPO is expected to be finalized on Nov 24, 2025. Gallard Steel IPO will list on BSE SME with a tentative listing date fixed as Nov 26, 2025.
| IPO Date | November 19, 2025 to November 21, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹142 to ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹37.50 Cr) |
| Reserved for Market Maker | 1,25,000 shares (aggregating up to ₹1.88 Cr)Asnani Stock Broker Pvt.Ltd. |
| Net Offered to Public | 23,75,000 shares (aggregating up to ₹35.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 95,00,000 shares |
Gallard Steel Ltd Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 50.33 | 48.77 | 39.14 |
| Total Income | 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 |
| Reserves and Surplus | 14.38 | 10.08 | 4.03 |
| Total Borrowing | 19.13 | 20.38 | 17.59 |
| Amount in ₹ Crore | |||
Gallard Steel Ltd IPO Timeline
| IPO Open Date | Wed, Nov 19, 2025 |
| IPO Close Date | Fri, Nov 21, 2025 |
| Tentative Allotment | Mon, Nov 24, 2025 |
| Initiation of Refunds | Tue, Nov 25, 2025 |
| Credit of Shares to Demat | Tue, Nov 25, 2025 |
| Tentative Listing Date | Wed, Nov 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 21, 2025 |
Company Profile
Gallard Steel Limited is a casting-manufacturing company based in Indore, Madhya Pradesh, specialising in SG (ductile) iron, grey cast iron and special alloy castings for automotive, rail, defence and industrial sectors. Starting operations in 2015, they offer components such as gear cases, suspension tubes, stator frames, bogie assemblies and more, serving diverse heavy-engineering markets. The company emphasizes modern production techniques-including automated moulding lines, robot-assisted core shooters and PLC-controlled sand plants-to deliver precision and scale. Gallard Steel commits to quality, on-time delivery and transport-safe shipments, ensuring clients receive well-engineered castings within budget constraints. With a focus on innovation, energy efficiency and multi-sector applications, they aim to build long-term value for customers through strong technical capability and service.
Registrar Info
| Name | Ankit Consultancy Pvt.Ltd. |
| Phone number | 0731 – 491 298 / 492 698 |
| Email ID | compliance@ankitonline.com |
| Website |
Contact Details
| Name | Gallard Steel Ltd |
| Phone number | +91-9644422252 |
| Email ID | cs@gallardsteel.com |
| Website | https://www.gallardsteel.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Gallard Steel Ltd IPO FAQs
When Gallard Steel IPO will open?
The Gallard Steel IPO opens on November 19, 2025 and closes on November 21, 2025.
When is Gallard Steel IPO listing date ?
The Gallard Steel IPO listing date is not yet announced. The tentative date of Gallard Steel IPO listing is Wednesday, November 26, 2025.