Gallard Steel IPO Listing Preview: What to Expect Now?
Posted by : sachet | Mon Nov 24 2025
Click to check Gallard Steel IPO GMP Live
The Gallard Steel IPO is scheduled to list on 26th November 2025. The IPO was open for bidding from 19th November 2025 to 21st November 2025. It is a book-building IPO of ₹500 crore, comprising a fresh issue of 1.50 crore shares. The issue will be listed on the BSE and NSE on its tentative listing date, 26th November 2025. Scroll down to learn more about Gallard Steel IPO listing expectations.
Gallard Steel IPO Listing Preview
According to recent updates, the IPO listing of Gallard Steel is expected to be around ₹128 per share on 26th November 2025. This conclusion is based on Gallard Steel’s current grey market premium (GMP) for its IPO. However, the GMP and expected listing price are subject to change based on market sentiment. Stay informed with Univest to receive live updates on current IPO listings or GMP trends. Scroll to explore the GMP of the Gallard Steel IPO.
Gallard Steel IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares ↲are currently trading in the grey market. Do you want to receive live updates on the Gallard Steel IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 24-11-2025 | ₹150.00 | ₹70.00 | ₹220.00 | 46.67% |
| 23-11-2025 | ₹150.00 | ₹70.00 | ₹220.00 | 46.67% |
| 22-11-2025 | ₹150.00 | ₹70.00 | ₹220.00 | 46.67% |
| 21-11-2025 | ₹150.00 | ₹70.00 | ₹220.00 | 46.67% |
| 20-11-2025 | ₹150.00 | ₹40.00 | ₹190.00 | 26.67% |
| 19-11-2025 | ₹150.00 | ₹40.00 | ₹190.00 | 26.67% |
| 18-11-2025 | ₹150.00 | ₹11.00 | ₹161.00 | 7.33% |
| 17-11-2025 | ₹150.00 | ₹11.00 | ₹161.00 | 7.33% |
| 16-11-2025 | ₹150.00 | ₹11.00 | ₹161.00 | 7.33% |
| 15-11-2025 | ₹150.00 | ₹0.00 | ₹150.00 | 0.00% |
| 14-11-2025 | ₹150.00 | ₹0.00 | ₹150.00 | 0.00% |
| 13-11-2025 | ₹150.00 | ₹0.00 | ₹150.00 | 0.00% |
As of 24th November 2025, the GMP for the Gallard Steel IPO stands at ₹70 per share. This means the share will likely list at ₹220 on its tentative Listing date, 26th November 2025. GMP data is subject to change based on market conditions. Please verify the live GMP status before applying for the Gallard Steel IPO GMP. Stay informed with Univest for real-time updates on IPOs and their GMP trends.
About Gallard Steel Limited
Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings. The company manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, the defence sector, power generation, and allied industries, providing high-quality solutions across various sectors. Manufacturing operations are carried out at the foundry, located in Pithampur, Dhar, Madhya Pradesh, spanning a land area of 12,195 square meters and certified to ISO 9001:2015. The company utilises a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, moulding, sand mixing and finishing.
- In-house manufacturing facilities
- Diverse Customer base
- Wide Geographical reach
- Stringent quality control mechanism ensures standardised product quality
Gallard Steel Limited Financials
The company’s financial analysis is essential before applying for Gallard Steel Limited’s IPO. Refer to the table to learn about Gallard Steel Limited’s financial information.
| Year Ended | 30th September 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) |
| Assets | 50.33 | 48.77 | 39.14 |
| Revenue | 32.14 | 53.52 | 27.86 |
| Profit After Tax | 4.29 | 6.07 | 3.20 |
| EBITDA | 7.42 | 12.47 | 5.07 |
| Net Worth | 21.38 | 17.08 | 11.03 |
| Reserve and Surplus | 14.38 | 10.08 | 4.03 |
| Total Borrowing | 19.13 | 20.38 | 17.59 |
Explanation
Gallard Steel Limited’s revenue increased by 92% from ₹6.07 crore in March 2024 to ₹4.29 crore in March 2025. Moreover, the company’s PAT increased by 90% from ₹6.07 crores to ₹4.29 crores. Investors can analyse other relevant factors and make a decision accordingly.
How to Check Gallard Steel IPO Allotment Status?
You can check for the Gallard Steel IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Gallard Steel IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Gallard Steel IPO allotment status.
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