Gallard Steel IPO (BSE SME) — Dates, Details, Financials & Should You Apply?
Quick IPO Snapshot Note on lot-size discrepancies: Some broker write-ups have inconsistent lot-size details (1,000 vs 2,000). Most mainstream IPO pages list 1,000; however, a couple of merchant banker/broker articles mention 2,000 — always confirm from the RHP / registrar before placing a bid. About Gallard Steel Limited Gallard Steel is an Indore-based foundry and casting company manufacturing SG (Ductile) iron, Grey cast iron and special alloy castings, supplying components largely to the automobile and related engineering sectors. The company operates manufacturing facilities in Indore (Madhya Pradesh) and has been in the casting business since mid-2010s. Major products include: control arms, gear cases, rotor frames, stator frames, suspension components and other engineered castings for auto and rail customers. Key management / Promoters: public filing summaries list promoters such as Zakiuddin Sujauddin, Hakimuddin Ghantawala, Kaid Johar Kalabhai, Zahabiya Kalabhai and others as promoters. (Refer to RHP for full promoter & board details). Financial snapshot (as disclosed / in filings) For any investment decision always open and review the full RHP / Prospectus (financial statements, auditor report, contingent liabilities, related-party transactions, order book, customer concentration and receivable days). Competitors / Sector peers Gallard Steel is a small/SME-listed foundry / auto-components play. Benchmark peers often cited in pre-IPO materials include Nitin Casting Ltd., Pritika Engineering Components Ltd. and other listed casting / small auto-components manufacturers. These peers are larger in scale and trade on public markets — use them for valuation, margin and P/E cross-checks. Pros / Strengths Cons / Risks Conclusion Gallard Steel is a small SME casting manufacturer raising a modest ₹37.5 crore via an SME IPO at a price band of ₹142–150. The business is relevant to the auto/engineering supply chain, but scale, margin durability and liquidity risks must be weighed carefully. Confirm the official lot size and exact dates from the final RHP/registrar page before applying.
