IPO Synopsis

Gallard Steel Ltd

Registered Office: G-1 Sukh Sneh Apartments,Khatiwala Tank, Indore - 452014, Madhya Pradesh, India. Phone : +91 96444 22252   Fax: 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 Opens On Closes On 19-Nov-25 21-Nov-25 Money Payable On Application Allotment 150.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 1000 Cr Lead Managers to the Issue Project Cost (.Cr) 32.59 Seren Capital Pvt Ltd Project Financed through Current Offer (.Cr) 37.50   Post Issue Equity Share Capital (.Cr) 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

No Data Available