Gallard Steel Limited
ListedSMEMetals & 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
Close
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
Overall Subscription
375.62x
Total Demand
QIB Multiplier
228.48x
Institutions & Funds
NII / HNI
624.90x
High Net-Worth
Retail (RII)
351.58x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 474,000 | 108,298,000 | 228.48x |
| NIB | 360,000 | 224,965,000 | 624.90x |
| HNIs(10L +) | 240,000 | 179,155,000 | 746.48x |
| HNIs (2-10L) | 120,000 | 45,810,000 | 381.75x |
| RETAIL | 832,000 | 292,514,000 | 351.58x |
| Total | 2,026,000 | 850,742,000 | 375.62x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 136 | 0.00x |
| NIB | — | 38,194 | 0.00x |
| RETAIL | 416 | 146,257 | 351.58x |
| HNIs(10L +) | 80 | 23,856 | 298.20x |
| HNIs (2-10L) | 40 | 14,338 | 358.45x |
| Total Applications | 536 | 222,781 | 415.64x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Gallard Steel Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Gallard Steel Limited IPO is ₹50 per equity share. Based on the upper price band of ₹142 to ₹150 per equity share, the estimated listing price is ₹200 (+33.3% expected listing gain).
What is the expected profit per lot for Gallard Steel Limited IPO?
With a lot size of 1000 shares and current GMP of ₹50, the expected profit per application lot is approx ₹50,000 (+33.3% gain). Minimum application cost is approx ₹1,50,000.
What is the issue size and price band for Gallard Steel Limited IPO?
The Gallard Steel Limited IPO aggregate issue size is ₹37.5 Crores with an equity price band set at ₹142 to ₹150 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,50,000.
How can I check Gallard Steel Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 375.62x (Retail: 351.58x, QIB: 228.48x, NII: 624.90x). You can track live multiples directly on our dedicated subscription page.
Where and when will Gallard Steel Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Ankit Consultancy Private Limited) and the BSE status verification website on or around 2025-11-24. Investors can verify status using PAN card or application number.
When is the listing date for Gallard Steel Limited IPO?
Gallard Steel Limited shares are scheduled to list on BSE on 2025-11-26.