Gallard Steel IPO
| DATE | GMP (GREY MARKET PREMIUM) | EXPECTED LISTING GAINS |
|---|---|---|
| 25-Nov-2025 | 68 | 68,000 |
| 24-Nov-2025 | 65 | 65,000 |
| 23-Nov-2025 | 65 | 65,000 |
| 22-Nov-2025 | 50 | 50,000 |
| 21-Nov-2025 | 40 | 40,000 |
| 20-Nov-2025 | 30 | 30,000 |
| 19-Nov-2025 | 10 | 10,000 |
About the Company
Gallard Steel IPO, a SME IPO of ₹35.63 Cr opens for subscription from November 19, 2025 to November 21, 2025. The IPO consists of ₹35.63 Cr fresh issue.
Gallard Steel Limited is engaged in the business of manufacturing S.G (ductile) iron and grey cast iron castings, as well as special alloy castings and components, primarily for the automobile sector.
Their product portfolio also spans components for railways, defence, power generation (thermal & hydro turbines) and industrial machinery.
The company is based in Indore, Madhya Pradesh – the contact address lists “G-1, 168, Sukh Sneh Apartment, Khatiwala Tank, Indore (M.P)”
Founded / incorporated in 2015
Strengths & Business Positioning
Wide application base: automotive, railways, defence, turbines, industrial machinery — this diversification helps reduce dependence on a single segment.
In-house manufacturing capabilities covering casting, machining, assembly — gives control over quality and delivery.
Strong Client Relationships & Repeat Orders
Growing Financial Performance
Expansion Plans Through IPO Funding
Risks & Considerations
Raw-material price volatility: Being in the cast-metal business, fluctuations in steel scrap, alloys, energy cost can impact margins.
Geographical/manufacturing concentration: While based in (Madhya) Pradesh, large portion of operations seem regionally centered — risks of regional disruptions or regulatory changes.