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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹37.50 Cr |
| Reserved for Market Maker | ₹1.88 Cr |
| Net Issue Size | ₹37.50 Cr |
| Fresh Issue | ₹35.63 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹142.00-150.00 per share |
| BSE Code | 544616 |
| Registrar | Ankit Consultancy Pvt.Ltd. |
| Lead Managers | Seren Capital Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
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.
The company supplies components for railway traction motors, defence cradles, power generation guide vanes, and industrial machinery liners, serving sectors such as railways, defence, power generation, and heavy engineering industries.
Products:
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | 20.14 |
| 2 | Repayment of a portion of certain borrowings availed by the Company | 7.00 |
| 3 | General Corporate Purposes | 4.66 |
| 4 | Issue Expenses | 4.91 |
| Total | 36.71 |
| 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 | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 43.16% |
| ROCE | 26.59% |
| Debt / Equity | 1.19% |
| RoNW | 35.51% |
| PAT Margin | 11.38% |
| EBITDA Margin | 23.39% |
| Price to Book Value | 6.15 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.67 | 9.04 |
| P/E (x) | 17.31 | 16.6 |
| Promoter Holding | 91.14% | 67.16% |
| Market Cap | ₹142.50 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees (including underwriting commission) | 4.34 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.13 |
| 4 | Fees Payable to Regulators including Stock Exchange, CDSL and NSDL | 0.14 |
| 5 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.10 |
| 6 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 0.18 |
Last Updated on 05-May-2026 12:31:12
