Gallard Steel Ltd IPO

LISTED
SME

NSE • Lot Size: 1000 • Castings, Forgings & Fastners

Issue150
Listed223.1+49%
Now178+18.7%
18.7%

*Last updated on 11 Jan 2026

Price Band

₹142 - ₹150

Lot Size

1000

Issue Size

₹37.5 Cr

GMP

N/A

Subscription

375.54x

Analyzing...

IPO Schedule

1

Open

19 Nov 2025

2

Close

21 Nov 2025

3

Allotment

24 Nov 2025

4

Listing

26 Nov 2025

About Gallard Steel Ltd

Gallard Steel Ltd. is an SME engaged in the steel processing and manufacturing sector. They specialize in [**Insert specific products/services offered by Gallard Steel here, e.g., manufacturing of TMT bars, structural steel, etc.**] catering to [**Insert target industries/customers, e.g., construction, infrastructure projects, etc.**].

Key Strengths

  • High Return on Equity (ROE) of 43.16% indicates efficient utilization of shareholder funds and strong profitability.
  • Relatively low Price-to-Earnings (P/E) ratio of 17.31 suggests potential undervaluation compared to industry peers (requires further peer comparison).
  • [**Insert strength related to market position, e.g., Established relationships with key customers.**]
  • [**Insert strength related to operational efficiency, e.g., Efficient manufacturing processes leading to cost advantages.**]
  • [**Insert strength related to growth potential, e.g., Expanding presence in a growing market.**]

Risk Factors

  • SME segment IPOs carry higher risk compared to mainboard IPOs due to lower liquidity and increased volatility.
  • The steel industry is cyclical and highly sensitive to economic fluctuations and raw material price volatility.
  • [**Insert risk related to competition, e.g., Intense competition from larger, established players in the steel industry.**]

Valuation Analysis

The IPO valuation appears reasonable based on the P/E ratio, but a thorough comparison with listed peers in the steel industry is crucial to assess its attractiveness. Investors should carefully consider the company's growth prospects and risk factors before investing.

IPO Details

ExchangeNSE
SegmentSME
ISININE0BUQ01012
NSE SymbolGSL
Face Value10
Lot Size1000
Issue Size₹37.5 Cr

Key Metrics

ROE43.16%
ROCE26.59%
P/E Ratio17.31
Industry P/E20
EPS8.67
PAT Margin11.38%
Debt/Equity1.19

Growth & Quality

ProfitableYes ✓

Subscription

Total5.41x
Imbalance Ratio2.0x

Documents

Key Dates

Open Date19 Nov 2025
Close Date21 Nov 2025
Allotment24 Nov 2025
Listing26 Nov 2025