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15 Days Price Change

Gallard Steel IPO

Closing In

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Profile
Issue Size 26.87 Cr
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Price Range 142  to  150 per share
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Min Investment ₹150
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

In the railway sector, we supply components for the production of traction motors and bogie assemblies, including control arms for FIAT LHB coaches, stator frames for various motors used by railways for manufacturing of traction motors serving the railway and heavy engineering industries. In the defence sector, we manufacture components such as cradles and recoiling assembly cylinders for government defence production units. In the power generation sector, we manufacture guide vanes, bush housings and fork systems for heavy engineering companies, which are used in hydro and thermal power generation. In components for industrial machinery and equipment, we manufacture High Temperature Resistance Liner and other components. Read More

Basic Info

Face Value 10 per share

Price 142  to  150 per share

P/E (x) 17.2

Sales( Cr.) 53

PAT( Cr.) 6

EPS 8.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Zakiuddin Sujauddin Hakimuddin Ghantawala Kaid Johar Kalabhai Zahabiya Kalabhai Mariya Zakiuddin Sujauddin

Pre Issue Share Holding 91.14%

Post Issue Share Holding 67.19%

Listing Details:

Listing Price: 223.1

Listing Gain: 32.77%

Current Price: 145

Gain On Issue: 145 | 0%

GMP: 63

GMP %: 42 %

IPO Tentative Timetable

Opening Date Nov 19, 2025
Closing Date Nov 21, 2025
Allotment Nov 24, 2025
Refund Nov 25, 2025
Delivery of Shares Nov 25, 2025
Listing Date Nov 26, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 300,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 300,000
S-HNI (Max) 3 6000 900,000
B-HNI (Min) 4 8000 1,200,000

Objective of the Issue

1. Funding of capital expenditure towards expansion of our existing manufacturing facility and construction of office Building 2. Repayment of a portion of certain borrowings availed by our Company 3. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 474000 108298000 228.5x
NII 485000 224965000 463.8x
Retail 832000 292514000 351.6x
EMP 0 0 0x
Total 1791000 625777000 349.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Gallard Steel Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 27 53
Other Income 1 0
Total Income 28 54
Total Expenditure 22 41
Operating Profit 6 13
Interest 1 2
Depreciation 1 3
Exceptional Income / Expenses 0 0
Profit Before Tax 4 8
Provision for Tax 0 2
Profit After Tax 3 6
Adjustments 0 0
Profit After Adjustments 3 6
Adjusted Earnings Per Share 4.6 8.7

Gallard Steel Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 11 17
Minority's Interest 0 0
Borrowings 11 12
Other Non-Current Liabilities 2 -0
Total Current Liabilities 15 20
Total Liabilities 39 49
Fixed Assets 13 16
Other Non-Current Assets 6 9
Total Current Assets 20 23
Total Assets 39 49

Gallard Steel Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1
Cash Flow from Operating Activities 2 4
Cash Flow from Investing Activities -10 -6
Cash Flow from Financing Activities 9 1
Net Cash Inflow / Outflow 0 -0
Closing Cash & Cash Equivalent 1 0

Gallard Steel Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.57 8.67
CEPS(Rs) 6.46 12.41
DPS(Rs) 0 0
Book NAV/Share(Rs) 15.75 24.4
Core EBITDA Margin(%) 18.92 23.43
EBIT Margin(%) 17.85 18.9
Pre Tax Margin(%) 13.68 15.79
PAT Margin (%) 11.91 11.38
Cash Profit Margin (%) 16.85 16.29
ROA(%) 8.2 13.86
ROE(%) 28.98 43.16
ROCE(%) 16.73 30.49
Receivable days 123.8 81.8
Inventory Days 71.79 39.59
Payable days 172.49 85.72
PER(x) 0 0
Price/Book(x) 0 0
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.85 0.51
EV/Core EBITDA(x) 3.75 2.14
Net Sales Growth(%) 0 98.77
EBIT Growth(%) 0 110.45
PAT Growth(%) 0 89.85
EPS Growth(%) 0 89.85
Debt/Equity(x) 1.6 1.19
Current Ratio(x) 1.32 1.18
Quick Ratio(x) 0.98 0.86
Interest Cover(x) 4.28 6.09
Total Debt/Mcap(x) 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 96% 0% 0% 0%
Operating Profit CAGR 117% 0% 0% 0%
PAT CAGR 100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 43% 36% 36% 36%
ROCE Average 30% 24% 24% 24%

Company Contact Information

Gallard Steel Ltd.

Pallavi Parihar

+91-9644422252

cs@gallardsteel.com

G-1, 168 Sukh Sneh Apartment Khatiwala Tank

IPO Lead Manager(s)

Gallard Steel Ltd.

Seren Capital Pvt Ltd.

Registrar Info

Gallard Steel Ltd.

Ankit Consultancy Pvt Ltd

Plot No. 60, Electronic Complex, Pardeshipura, Indore (M.P.)-452010

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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