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IPO

IPO Details


Gallard Steel Ltd
Registered Office: G-1 Sukh Sneh Apartments, Khatiwala Tank, Indore - 452014, Madhya Pradesh
Phone: +91 96444 22252
Email: cs@gallardsteel.com
Website: https://www.gallardsteel.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
19-Nov-2025 21-Nov-2025 ₹ 150.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 1000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 32.59 Seren Capital Pvt Ltd
Project Financed through Current Offer 37.50
Post Issue Equity Share Capital 9.50
Issue Price ₹150.00
Projects
Funding of capital expenditure towards expansion of the company existing Manufacturing facility and construction of office building
Repayment of a portion of certain borrowings availed by the company
General corporate purpose
Promoted By
Zakiuddin Sujauddin
Hakimuddin Ghantawala
Kaid Johar Kalabhai
Listing At
BSE - SME
Registrar to the Issue

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