What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Gallard Steel Limited IPO allotment date?

The basis of allotment for Gallard Steel Limited IPO is scheduled to be finalized on 24 Nov 2025.

Where can I check Gallard Steel Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Ankit Consultancy Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 25 Nov 2025.

Gallard Steel Limited

ListedSME

Metals & Alloys · BSE

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 produces ready-to-use components, assemblies, and subassemblies for sectors such as Indian Railways, defense, power generation, and allied industries. Its products include steel components, traction motor and bogie components for railways, defense cradles and trunnion housings, thermal and hydro turbine sub-assemblies, industrial machinery liners, and rebonded foam for furniture and industrial applications. Gallard Steel is focused on delivering high-quality, durable solutions across multiple sectors and, as of February 28, 2025, employs 58 employees.

Price Band

₹142 – ₹150

Issue Size

₹37.50 Cr

Lot Size

1000 shares

GMP

₹50

+33.3%

Est. Listing

₹200

at current GMP

Subscribed

375.62x

overall

Open

19 Nov 2025

21 Nov 2025

Allotment

24 Nov 2025

Refund

25 Nov 2025

Demat Credit

26 Nov 2025

Listing

26 Nov 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Gallard Steel Limited Allotment Status

Designated Registrar: Ankit Consultancy Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

24 Nov 2025

Basis finalization

Refunds Initiate

25 Nov 2025

Mandate release

Demat Credit

26 Nov 2025

Shares in demat

Listing Debut

26 Nov 2025

Trading begins

How to Check Gallard Steel Limited IPO Allotment Status

Click the Check on Registrar button above to visit Ankit Consultancy Private Limited's allotment portal.
Select Gallard Steel Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Gallard Steel Limited Public Issue & Market Profile

Gallard Steel Limited is bringing an initial public offering (IPO) in the Metals & Alloys sector with an aggregate issue size of ₹37.5 Crores. The shares are offered at a price band of ₹142 to ₹150 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-11-21, the basis of allotment is scheduled to be finalized on 2025-11-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Ankit Consultancy Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.