ListedSMEEngineeringGSL

Gallard Steel IPO

Gallard Steel IPO is an SME IPO raising ₹37 Cr at ₹142 – ₹150 a share. It listed on 26 Nov 2025 at ₹223, +48.7% against its issue price of ₹150, and trades at ₹161 today (+7.3% since issue). It was subscribed 374× in total.

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₹150

Issue price

₹161

Price now

+7.3%

Since issue price

26 Nov 2025

Listed on

374×Subscribed (final) · all exchanges

373.5 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹142 – ₹150

Cut-off price₹150

Issue size₹37 Cr

Shares per lot1000

Minimum application₹1,50,000

Minimum quantity2000

Face value₹10

Listing exchangesBSE

ISININE0BUQ01012

Bidding hours10:00 – 17:00 IST

Bidding window19 Nov 2025 – 21 Nov 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.