New Delhi: Several investors in the Indian IPO are attracted towards the SME IPOs. Investors these days are heavily betting on Gallard Steel IPO as its GMP is indicating strong listing gains. The opportunity to bid for the initial public offer is over, and the investors are eagerly awaiting for the allotment and listing of shares.
Gallard Steel IPO allotment and listing
The Gallard Steel IPO was open for subscription on 19th November 2025 and closed on 21st November. The allotment of this IPO is expected on 24 November 2025, while the shares could list on 26 November 2025. Gallard Steel shares will be listed on BSE SME.
Gallard Steel IPO subscription status
Investors have shown great interest in the Gallard Steel IPO. By the last day of subscription, it was subscribed 349.4 times. Investors made a bid for 62.57 crore equity shares as against 17.91 lakh shares on offer. The highest subscription was 463.85 times in the NII category. Whereas, in retail and QIB categories, the subscription was 351.58 times and 228.48 times respectively.
The price band of the Gallard Steel IPO was fixed at Rs 142-150 per share and a lot consisted of 1000 shares. However, retail investors needed 300000 rupees (2000 shares) to bet on it.
Gallard Steel IPO GMP
The GMP of Gallard Steel IPO is strong and indicates a strong listing gain. According to Investorgain, its GMP today stood at Rs 70. In such a situation, it can be listed at Rs 220 against its price of Rs 150, which means investors can get a listing gain of 46.67 percent. Retail investors can get a profit of Rs 70000 on their total investment, as per the GMP figures. Important note: Notably, GMP figures are not official.
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