Gallard Steel Ltd. IPO Analysis
17 November 2025
Gallard Steel Ltd. is gearing up to hit the markets with its Upcoming IPO of ₹ 37.5 cr., aiming to ride India’s booming infrastructure and manufacturing wave as demand for quality steel surges across sectors, making this debut one to watch for investors tracking the country’s next growth story.
Lets explore the IPO further:
The Gallard Steel Ltd Share Price will be finalized post-allotment, while grey market cues through the Gallard Steel Ltd IPO GMP will likely reflect market sentiment closer to listing.
Industry Overview
India is the world’s second-largest producer of crude steel, producing over 150 million tonnes (MT) of crude steel in FY25 and operating with a steelmaking capacity of around 200 MT. Domestic demand remains very strong, driven by infrastructure projects, construction, and manufacturing.
The steel demand is estimated to grow by 9 –10% in FY25 as per ICRA. Looking ahead, the outlook is largely positive. The government aims to scale up capacity to 300 MT by 2030, through significant capital investment and policies like the PLI (Production-Linked Incentive) scheme for specialty and value-added steel. But challenges like raw material-cost pressures, import volatility, and the need for cleaner, low-carbon steel technology remain a concern.
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