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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Gallard Steel Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹150
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,50,000
Issue Size
₹37.5 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.03%
QIB Quota
49.81%
NII Quota
15.16%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
91.14%
Promoter Holding (Post-Issue)
67.16%
Issue Type
Book Building - SME
ISIN
INE0BUQ01012
Incorporated in 2015, we are an engineering company engaged in the manufacturing of ready-to-use components, assemblies, and subassemblies for Indian railways, defence, power generation and allied industries. Our product portfolio includes critical components such as traction motor components and bogie assembly components for the railway sector, sub assemblies for thermal and hydro turbines used in the power generation sector and components for industrial machinery, equipment and the defence sector. These components are manufactured using unmachined and machined castings made from metals including carbon steel, ductile iron, grey cast iron and medium and low alloy steels. Our clientele primarily comprises companies operating in the heavy engineering, railways and defence sector.
India is the world's second-largest producer of crude steel, with an output of 125.32 Million Tonnes(MT) of crude steel and finished steel production of 121.29 MT in FY23. India's domestic steel demand is estimated to grow by 9-10% in FY25 as per ICRA. Under the Union Budget 2023-24, the government allocated Rs. 70.15 crore (US$ 8.6 million) to the Ministry of Steel. India is home to fifth-highest reserves of iron ore in the world.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 25,00,000 equity shares of face value of Rs. 10/- each (the "equity shares") of Gallard Steel Limited ("the company" or "GSL" or "the issuer") at an issue price of Rs.150/- per equity share for cash, aggregating up to Rs.37.50 crores("public issue") out of which 1,25,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 150/- per equity share for cash, aggregating Rs. 1.88 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of 23,75,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 150/- per equity share for cash, aggregating up to Rs.35.63 crores is herein after referred to as the "net issue". The public issue and net issue will constitute 26.32% and 25.00% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 150for equity share of face value of Rs. 10 each. The floor price is 15.20 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was incorporated on April 9, 2015 under the name of "Gallard Steel Limited', a limited Company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Gwalior, Madhya Pradesh.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.