The Union Budget 2023–24 set aside ₹70.15 crore (about USD 8.6 million) for the Ministry of Steel. India also has the fifth-largest iron ore reserves in the world. This is an advantage to Gallard Steel Limited as it has been in this industry and is making its debut in the share market soon.
Seren Capital is handling the IPO process, while Ankit Consultancy is for the allotment registration. Find out the Gallard Steel Tech IPO allotment status.
For more details about the offering, you can review the Gallard Steel Limited DRHP and RHP.
Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Here's a complete Gallard Steel IPO review.
The important risks and strengths are mentioned below:
Strong Promoters: The promoters bring years of hands-on steel industry experience and help the company to stay steady even in challenging times.
More Product Choices: The company manufactures many steel items like pipes, sections, and bars.
Supply Relationships: They have long-term, trusted connections with their buyers and suppliers, which helps maintain stable orders.
Good Location Advantage: Their plant in Gujarat gives them easy access to transport facilities.
Risks
Heavy Dependence on Key Suppliers: A large part of their raw material comes from only a few suppliers. Any delay or issue on the supplier’s side could slow down their production.
Sensitive to Steel Price Changes: Steel prices keep moving up and down. If prices rise suddenly, it may reduce their profit margins and put pressure on cash flow.
Single-Location Exposure: Since they operate from just one manufacturing unit, any local issue can affect the entire business.
Tough Competition in the Market: The steel industry has many players, both big and small. Competing with them on price, quality, and delivery can be challenging.
As of November 14, 2025, the Gallard Steel IPO Ltd GMP has not been updated. You can view the IPO's live GMP and the subscription status. Also, check the Gallard Steel DRHP before you click on the Apply Now button.
1. How is the Gallard Steel IPO review?
Gallard Steel Limited is an industrial machinery components manufacturing company. The total IPO size is ₹37.50 crore and the listing date is 26 November 2025. For the latest details, you can also look for the GMP updates.
2. What is the Gallard Steel IPO date?
The IPO opening date is 19 November 2025, and the closing date is 21 November 2025. Live subscription details can be monitored through FinnPick.
3. What is the Gallard Steel Limited share price?
The Gallard Steel Limited IPO share price range is ₹142 – ₹150 as of November 14, 2025. Don't forget to check the Gallard Steel IPO news.
4. Do I need a demat account to bid for the Gallard Steel Limited IPO?
Yes, a demat account is required to bid for the Gallard Steel Limited IPO. Click here to get the ultimate list of the top demat account providers.
