Gallard Steel Ipo
Gallard Steel IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Seren Capital Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹3,00,000 |
| Retail Maximum | 2 | 2,000 | ₹3,00,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,50,000 |
| S-HNI Maximum | 6 | 6,000 | ₹9,00,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,50,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 7,09,000 Shares | 28.36% |
| QIB (Ex. Anchor) | 4,74,000 Shares | 18.96% |
| NII Shares Offered | 3,60,000 Shares | 14.40% |
| Retail Shares Offered | 8,32,000 Shares | 33.28% |
| Anchor Bidding Date | November 18, 2025 |
| Anchor Investors List | |
| Shares Offered | 7,09,000 Shares |
| Anchor Size | 10.64 Cr. |
| lock-in period end date 50% shares (30 Days) | December 24, 2025 |
| lock-in period end date 50% shares (90 Days) | February 22, 2026 |
| IPO Open Date: | November 19, 2025 |
| IPO Close Date: | November 21, 2025 |
| Basis of Allotment: | November 24, 2025 |
| Refunds: | November 25, 2025 |
| Credit to Demat Account: | November 25, 2025 |
| IPO Listing Date: | November 26, 2025 |
| IPO Bidding Cut-off Time: | November 21, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 70,00,000 | 91.14% |
| Promoter Holding Post Issue | 95,00,000 | 67.16% |
| Purpose | Crores |
| Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building | ₹20.14 |
| Repayment of a portion of certain borrowings availed by the Company | ₹7.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹278.61 | ₹241.91 | ₹31.96 | ₹391.39 |
| 2025 | ₹535.24 | ₹451.03 | ₹60.67 | ₹487.73 |
| June 2025 | ₹321.35 | ₹265.61 | ₹42.93 | ₹503.35 |
| KPI | Values |
| ROE: | 43.16% |
| ROCE: | 26.59% |
| EBITDA Margin: | 23.39% |
| PAT Margin: | 11.38% |
| Debt to equity ratio: | 1.19 |
| Earning Per Share (EPS): | ₹8.67 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.51% |
| Net Asset Value (NAV): | ₹24.40 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Nitin Casting Limited | 24.14 | 20.33 | 15.03% | 160.63 | 154.48 Cr. |
| Pritika Engineering Components Limited | 2.18 | 39.22 | 12.63% | 17.25 | 117.66 Cr. |
| IPO Open Date | November 19, 2025 |
| IPO Close Date | November 21, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹142 to ₹150 Per Share |
| Issue Size | Approx ₹37.50 Crores |
| Fresh Issue | Approx ₹37.50 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |