Gallard Steel IPO is to open on November 19, 2025. It is a SME IPO that will raise ₹37.50 crores. The Gallard Steel IPO price band is fixed at ₹142 to ₹150 with a market lot of 2,000 Shares.
Gallard Steel IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 26 Nov | ₹60 |  | 40% |
| 25 Nov | ₹70 |  | 46.67% |
| 24 Nov | ₹70 | | 46.67% |
| 22 Nov | ₹70 | | 46.67% |
| 21 Nov | ₹40 | | 26.66% |
| 20 Nov | ₹40 | | 26.66% |
| 19 Nov | ₹11 | | 7.33% |
| 18 Nov | ₹11 | | 7.33% |
| 17 Nov | ₹- | – | -% |
Gallard Steel IPO Details
| IPO Open Date | November 19, 2025 |
| IPO Close Date | November 21, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹142 to ₹150 Per Share |
| Issue Size | Approx ₹37.50 Crores |
| Fresh Issue | Approx ₹37.50 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Gallard Steel IPO Dates
| IPO Open Date: | November 19, 2025 |
| IPO Close Date: | November 21, 2025 |
| Basis of Allotment: | November 24, 2025 |
| Refunds: | November 25, 2025 |
| Credit to Demat Account: | November 25, 2025 |
| IPO Listing Date: | November 26, 2025 |
| IPO Bidding Cut-off Time: | November 21, 2025 – 5 PM |
Business Overview
Since its founding in 2015, Gallard Steel Limited has become one of the most important engineering firms in India. It makes ready-to-use components, assemblies, and subassemblies made from unmachined and machined castings using metals like carbon steel, ductile iron, grey cast iron, and alloy steels. Its manufacturing facility is situated in Pithampur, Dhar, Madhya Pradesh, which covers 12,195 square meters.
Gallard Steel manufactures a wide range of products, such as Steel Components, Traction Motor & Bogie Components, Defence Components, Thermal and Hydro Turbine Sub-Assemblies, Industrial Machinery & Equipment, and Rebonded Foam. These components are mostly used in the railways, heavy engineering, defense, power generation, and other related industries. Moreover, the company also utilizes various in-house machines for melting, heat treatment, grinding, molding, sand mixing, and finishing of products.
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Disclaimer:
- IPO Grey Market Premium (Gallard Steel IPO GMP) mention is valid for the specific date as mentioned in the header.
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