Gallard Steel Limited, incorporated in 2015, manufactures ready-to-use machined and unmachined steel castings, assemblies and subassemblies for railways, defence, power generation and industrial machinery. It earns revenue by supplying critical components such as traction motor parts, bogie components, turbine subassemblies and defence castings to large engineering companies. Its products are used in locomotives, LHB coaches, thermal and hydro turbines, industrial equipment and defence systems.

Gallard Steel Limited ,an Book Built Issue, amounting to ₹37.50 Crore, issue is entirely a fresh issue of 0.25 crore shares of ₹37.50 crore.The subscription period for the Gallard Steel Limited IPO opens on November 19, 2025, and closes on November 21, 2025. The allotment is expected to be finalized on or about Monday, November 24, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, November 26, 2025.

The Share Price Band of Gallard Steel Limited IPO is set at ₹142to ₹150 per equity share. The Market Capitalisation of the Gallard Steel Limited at IPO price of ₹150 per equity share will be  ₹142.50 Crores. The lot size of the IPO is 1000 shares. Retail investors are required to invest a minimum of  2 lots (2000 shares), ₹300,000 while the minimum investment for High-Net-Worth Individuals (HNIs) is 3 lots ( 3000 shares), amounting to ₹450,000

Seren Capital Private Limited are the book running lead manager of the Gallard Steel Limited while ANKIT CONSULTANCY PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is Asnani Stock Broker Pvt.Ltd.

Gallard Steel Limited IPO GMP Today
The Grey Market Premium of Gallard Steel IPO is expected to be ₹8 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Gallard Steel Limited IPO Live Subscription Status Today: Real-Time Update
As of 10:30 AM on  20 November, 2025, the Gallard Steel IPO live subscription status shows that the IPO subscribed 8.51 times on its Second Day of subscription period. Check the Gallard Steel IPO Live Subscription Status Today at BSE & NSE

Gallard Steel Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Gallard Steel IPO allotment date is 24 November 2025, Monday, Gallard Steel IPO Allotment will be out on 24 November 2025, Monday.and will be live on Registrar Website from the allotment date.
Check ANKIT CONSULTANCY PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Gallard Steel IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Gallard Steel Limited IPO
Gallard Steel to utilise the Net Proceeds towards the following objects:
1. ₹2,073.01 Lakh is required for Funding of capital expenditure towards expansion of our existing manufacturing facility and construction of office Building
2. ₹720.00 Lakh is required for Repayment of a portion of certain borrowings availed by our Company
3. General Corporate Purposes.

Refer to Gallard Steel Limited RHP for more details about the Company.