The Gallard Steel IPO is one of the latest SME public issues entering the market, attracting interest from investors looking for industrial and manufacturing sector opportunities. The company operates in the steel processing and distribution segment, supplying a variety of steel products to construction, fabrication, infrastructure and machinery industries. With a growing demand outlook and capacity expansion plans, the Gallard Steel IPO is being tracked for its valuation and subscription expectations.
IPO Name
The official name of the issue is Gallard Steel Limited IPO.
IPO Price Band and Lot Size
- Price Band: ₹97 to ₹102 per share
- Face Value: ₹10 per share
- Lot Size: 1200 shares
- Minimum Investment (Retail): One lot
The lot size is relatively high due to the SME IPO structure, which typically requires investors to bid in larger quantities.
IPO Open & Close Date
- IPO Opens: 19 November 2025
- IPO Closes: 21 November 2025
Investors can apply using UPI payment mode or through their broker platforms during the three-day bidding window.
Listing Date
- Tentative Listing Date: 26 November 2025
- Exchange: NSE SME
The listing will take place on the SME platform, which often sees higher volatility and quick price movement after debut.
Grey Market Premium (GMP)
The Gallard Steel IPO GMP has shown mild positive sentiment in the unofficial grey market. Currently, the Gallard Steel IPO gmp today is hovering in a small premium range, indicating cautious optimism among early traders. However, GMP changes frequently and should not be treated as an assured listing indicator.
Corporate Events
- The company recently expanded its product range and upgraded certain manufacturing facilities.
- Gallard Steel is focusing on strengthening its supply chain and reseller network across multiple states.
- Management has stated that IPO proceeds will be used for working capital, debt repayment and general corporate needs.
Dividend Policy
As an SME issuer, Gallard Steel may prioritise reinvestment of profits into operations. Dividend payouts, if any, will depend on financial performance in the coming years.
Bonus History
There is no recorded history of bonus share issuance so far. Future decisions will depend on reserves, valuation and board approvals after listing.
Steps to Check IPO Allotment Status
You can check the Gallard Steel IPO allotment status once the allotment is finalised:
- Visit the official registrar website handling the issue.
- Select the IPO from the dropdown list – Gallard Steel Limited IPO.
- Enter your PAN, application number or DP/Client ID.
- Click “Submit” to view your allotment result.
Disclaimer
This article provides general information about the Gallard Steel IPO for educational purposes. Market investments involve risks, and investors should study the prospectus carefully and seek financial advice before subscribing to any IPO.
FAQs
Q1. What is the Gallard Steel IPO GMP today?
The Gallard Steel IPO GMP today reflects a small premium, indicating a modest appetite among grey market traders. However, GMP can fluctuate quickly.
Q2. What is the price band and lot size of the Gallard Steel IPO?
The price band is ₹97–₹102 per share, and the lot size is 1200 shares.
Q3. When will the Gallard Steel IPO list?
The IPO is expected to list on 26 November 2025 on the NSE SME platform.
