The Gallard Steel SME IPO opened for bids on November 19 and closed on November 21, 2025.
The IPO was offered at ₹150 per share and witnessed overwhelming demand, closing with a massive 375.54 times subscription across all investor categories.
Investors can now check whether they have been allotted shares through Ankit Consultancy Pvt. Ltd. or the BSE allotment page.
IPO Allotment Timeline and Subscription Details
IPO Opened: November 19, 2025
IPO Closed: November 21, 2025
Basis of Allotment Completed: November 24, 2025
Refunds and Demat Credit: November 25, 2025
Stock Listing on Exchanges: November 26, 2025
Investor Participation:
Non-Institutional Investors (NIIs): 624.56 times
Retail Investors: 351.58 times
Qualified Institutional Buyers (QIBs): 228.48 times
This shows exceptionally strong demand from all investor categories.
How to Check Gallard Steel IPO Allotment Status
On Registrar Website (Ankit Consultancy Pvt. Ltd.):
Visit the IPO allotment portal of Ankit Consultancy.
Select Gallard Steel from the IPO list.
Enter your PAN, application number, or demat account number.
Click Search to view your allotment status.
On BSE Website:
Go to the BSE India IPO allotment page.
Select the issue type as Equity.
Choose Gallard Steel from the IPO dropdown.
Enter your PAN or application number.
Click Search to check your allotment.
Gallard Steel IPO Latest Grey Market Premium (GMP)
The current GMP of Gallard Steel SME IPO stands at ₹70, while the IPO’s upper price band was ₹150.
This indicates a potential listing price of around ₹220, which could give investors a 46.67% gain per share if the momentum continues.
GMP Trend:
November 13: ₹0
November 16–18: ₹11
IPO Opening Day: ₹40
November 21–25: ₹70
Retail sub2 sauda rates also surged from ₹8,400 to ₹53,200, showing strong demand in the grey market.
Analysts suggest that if the trend continues, Gallard Steel is likely to see a strong listing debut.
