Gallard Steel SME
Gallard Steel SME
Gallard Steel Limited is an engineering manufacturer specializing in ready-to-use components, assemblies, and subassemblies made from carbon steel, ductile iron, grey cast iron, and alloy steels. The company primarily serves high-specification sectors such as the Indian Railways, defence, and power generation. It holds the highly sought-after Class ‘A’ Foundry Status from RDSO, Ministry of Railways, for critical locomotive components. Gallard Steel operates an ISO 9001:2015-certified manufacturing unit in Pithampur, Madhya Pradesh, with integrated facilities for melting, molding, heat treatment, and precision testing. Through its subsidiary, Sleeploop India Private Limited (SIPL), it also provides precision CNC machining and finishing services.
Investment Timeline
🤖 Smart Analysis
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🎯 Application Strategy
Action: ✅ APPLY - Strong opportunity with good risk-reward
Lots: Apply 2-3 lots or maximum affordable
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Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building (₹20.14 Cr).
- Repayment of a portion of certain borrowings availed by the Company (₹7.0 Cr).
- General Corporate Purpose.
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