IPO - Initial Public Offerings

 GALLARD STEEL

  

GALLARD STEEL LTD. IPO

19 Nov, 10:00 AM

Issue Open

21 Nov, 05:00 PM

Issue Close

1000

Lot Size

₹ 142.00 – ₹ 150.00

Price Range

IPO Issue Details

Issue size 37.50 Cr
Market Price 150.00
Registrar Ankit Consultancy Pvt.Ltd.
Face Value RS.10 /- Per share
Listing at BSE

About

GALLARD STEEL LTD. IPO
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 defense 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 utilizes a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, molding, sand mixing and finishing. The company supplies components for railway traction motors, defense cradles, power generation guide vanes, and industrial machinery liners, serving sectors such as railways, defense, power generation, and heavy engineering industries. Products: Steel Components: Manufacturing unmachined and machined steel components for various sectors. Traction Motor & Bogie Components: Producing components for traction motors and bogie assemblies in railways. Defense Components: Manufacturing cradle assemblies, recoiling cylinders, and trunnion housings for defense. Thermal and Hydro Turbine Sub-Assemblies: Producing guide vanes, bush housings, and fork systems for turbines. Industrial Machinery & Equipment: Supplying high-temperature resistance liners for machinery and industrial equipment. Rebounded Foam: Recycled foam used in furniture, mattresses, and industrial products.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2000 ₹ 3,00,000.00
Retail (Max) 2 2000 ₹ 3,00,000.00
S-HNI (Min) 3 3000 ₹ 4,50,000.00
S-HNI (Max) 8 8000 ₹ 12,00,000.00
B-HNI (Min) 9 9000 ₹ 13,50,000.00

IPO TimeLine

Open Date 19-Nov-2025
Close Date 21-Nov-2025
Basis of Allotment Date 22-Nov-2025
Initiation of Refunds 23-Nov-2025
Credit Shares to Demat A/c 23-Nov-2025
IPO Listing Date 26-Nov-2025