Gallard Steel IPO

Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings. The company manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, the defence sector, power generation, and allied industries, providing high-quality solutions across various sectors. Manufacturing operations are carried out at the foundry, located in Pithampur, Dhar, Madhya Pradesh, spanning a land area of 12,195 square meters and certified to ISO 9001:2015. The company utilises a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, moulding, sand mixing and finishing. The company supplies components for railway traction motors, defence cradles, power generation guide vanes, and industrial machinery liners, serving sectors such as railways, defence, power generation, and heavy engineering industries. Products: Steel Components: Manufacturing unmachined and machined steel components for various sectors. Traction Motor & Bogie Components: Producing components for traction motors and bogie assemblies in railways. Defence Components: Manufacturing cradle assemblies, recoiling cylinders, and trunnion housings for defence. Thermal and Hydro Turbine Sub-Assemblies: Producing guide vanes, bush housings, and fork systems for turbines. Industrial Machinery & Equipment: Supplying high-temperature resistance liners for machinery and industrial equipment. Rebonded Foam: Recycled foam used in furniture, mattresses, and industrial products. Competitive Strengths: In-house manufacturing facilities Diverse Customer base Wide Geographical reach Stringent quality control mechanism ensures standardised product quality

The Company Gallard Steel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Funding of capital expenditure towards expansion of the existing manufacturing facility and construction of office Building 20.14 2 Repayment of a portion of certain borrowings availed by the Company 7.00 3 General Corporate Purpose 4.66

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