Gallard Steel IPO Allotment: How To Check Status Online, See Latest GMP

Gallard Steel IPO Allotment: The IPO opened for bids on November 19 and closed on November 21.

Gallard Steel IPO Allotment: The allotment status for the Gallard Steel SME IPO has been finalised and is now available for investors to check. The ₹150-per-share offering saw overwhelming demand, closing with a massive 375.54 times subscription across all categories before the window ended on November 21. Applicants can now verify whether they received shares by checking the status on the registrar Ankit Consultancy Pvt. Ltd. or through the BSE allotment page.

Gallard Steel IPO Allotment Timeline And Subscription

The IPO opened for bids on November 19 and closed on November 21. The basis of allotment was completed on November 24, with refunds and demat credit scheduled for November 25. The stock is set to debut on the exchanges on November 26, 2025.

Non-institutional investors (NIIs) led the demand with 624.56 times subscription, followed by retail investors at 351.58 times and qualified institutional buyers (QIBs) at 228.48 times, indicating exceptionally strong participation across investor categories.

How To Check Gallard Steel IPO Allotment Status On Registrar Website?

Step 1: Visit the Ankit Consultancy Pvt. Ltd. IPO allotment portal.

Step 2: Select “Gallard Steel” from the list of IPOs.

Step 3: Enter your PAN, application number or demat account number.

Step 4: Click on Search to view your allotment status on the screen.

How To Check Gallard Steel IPO Allotment Status on BSE?

Step 1: Go to the BSE India IPO allotment page.

Step 2: Select the issue type (Equity).

Step 3: Choose “Gallard Steel” from the IPO dropdown menu.

Step 4: Enter your PAN or application number.

Step 5: Click Search to check whether shares have been allotted to you.

Gallard Steel IPO Latest GMP

According to market observers, the latest Gallard Steel IPO Grey Market Premium (GMP) stands at ₹70. With the upper price band at ₹150, the IPO’s estimated listing price is approximately ₹220, implying an expected gain of 46.67% per share based on current grey market trends. Grey market activity over the last 13 sessions shows a steady upward trend, with GMP fluctuating between a low of ₹0 and a high of ₹70. Analysts expect a strong listing if sentiment holds.

The GMP reflects prevailing market sentiment and fluctuates frequently. It shows how much investors are willing to pay above the IPO’s issue price.