Gallard Steel
Book Building issueSMEBSE₹37.50 Cr issue
+48.73%
Listing gain over issue price
Issue size
₹37.50 Cr
1 lot at cut-off
₹1,50,000
Lot size
1,000shares
Open
19 Nov 2025
Close
21 Nov 2025
Allotment
24 Nov 2025
Listing
26 Nov 2025
Listing performance
Issue price
₹150
Listed at
₹223.10
Listing-day close
₹234.25
Latest price
₹134.90
Close on 04 Nov 2026
Listing gain
+48.73%
Return since issue
-10.07%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 19 Nov 2025 – 21 Nov 2025
- Listing date
- 26 Nov 2025
- Face value
- ₹1 per share
- Issue price
- ₹150 per share
- Lot size
- 1,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹37.50 Cr
- Market cap at offer price
- ₹143 Cr
- Promoter holding
- 91.14% → 67.16% pre-issue → post-issue
- ISIN
- INE0BUQ01012
- Registrar
- Ankit Consultancy Pvt.Ltd.
- Lead managers
- Seren Capital Pvt.Ltd.
- Registered office
- Flat No.01, SukhsnehApartment, 168-M Khatiwala Tank, Madhya Pradesh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 7,09,000 | — | — |
| Market maker | 1,25,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹150
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,50,000 |
| S-HNI (min) | 2 | 2,000 | ₹3,00,000 |
| S-HNI (max) | 6 | 6,000 | ₹9,00,000 |
| B-HNI (min) | 7 | 7,000 | ₹10,50,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
7,09,000
Anchor portion
₹10.64 Cr
at ₹150 per share
Valuation and performance
Valuation at offer price
₹150 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.67 | 9.04 |
| P/E (×) | 17.30 | 16.59 |
| Price to book (×) | 6.15 | — |
| Market cap | — | ₹143 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 35.51%
- ROCE
- 26.59%
- Debt / equity
- 1.19
- PAT margin
- 11.38%
- EBITDA margin
- 23.39%
- NAV per share
- ₹24.40
- Price to book
- 6.15
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Offer documents
Gallard Steel IPO FAQs
What is the lot size of Gallard Steel IPO?
The minimum lot size of Gallard Steel IPO is 1,000 shares. One lot costs ₹1,50,000 at the cut-off price.
When does Gallard Steel IPO open and close?
Gallard Steel IPO opened for subscription on 19 Nov 2025 and closed on 21 Nov 2025.
What is the listing date of Gallard Steel IPO?
Gallard Steel IPO listed on 26 Nov 2025.