Gallard Steel IPO allotment status finalised: How to check online on BSE, Ankit Consultancy; listing date, time revealed

Gallard Steel IPO allotment: The basis of allotment of engineered steel castings manufacturer Gallard Steel Limited was finalised on Monday, November 24, 2025. The bid finalisation details are available on the websites of the BSE and the registrar, Ankit Consultancy Pvt Ltd.

The initial share sale was subscribed a whopping 349.40 times. It got bids for 62,57,77,000 shares compared to 17,91,000 shares on offer, according to the BSE data.

The ₹37.50 crore IPO was solely a fresh issuance of 25,00,000 shares without an offer for sale (OFS) component.

The fresh issue proceeds will be utilised for expansion of the existing manufacturing facility and construction of an office building, debt clearance and corporate general purposes.

"In addition, we believe that listing will enhance our corporate image and visibility of brand name of our company. We also believe that our company will receive the benefits from listing of equity shares on the BSE SME platform," Gallard Steel said in its RHP.

The public offer had set a price band of ₹142 to ₹150 per share. The minimum investment for an individual investor was 2,000 shares.

Incorporated in 2015, Gallard Steel is an engineering company which manufactures ready-to-use components, assemblies, and subassemblies for Indian Railways, power generation, defence, and allied industries.

Gallard Steel IPO allotment and listing date

Gallard Steel IPO allotment was finalised on Monday, November 24. The company's shares will be listed on the BSE SME platform on Wednesday, November 26, at 10 am.

How to check Gallard Steel IPO allotment status online on BSE

• Visit BSE's bid verification website: https://bseindia.com/investors/appli_check.aspx
• Select 'Equity' as the issue type
• Click on ‘Gallard Steel Limited’ from IPO names
• Enter either your PAN or IPO application number
• Press the ‘Search’ button

Steps to check Gallard Steel IPO allotment status online on Ankit Consultancy

• Go to registrar's IPO status page: https://www.ankitonline.com/PublicIssue/FrmPublicIssue.aspx
• Select 'Gallard Steel Limited’ from the 'Company Name' dropdown
• Press 'Go' and click on check allotment status
• Enter either your PAN, application number or client ID
• Click on 'Submit'

Gallard Steel IPO GMP

According to media reports and investorgain.com, the unlisted shares of Gallard Steel are trading at ₹220, reflecting a grey market premium of 46.67% over the upper price band of ₹150.