The allotment status for the Gallard Steel SME IPO has been finalised, and investors can now check whether they received shares through the registrar Ankit Consultancy Pvt. Ltd. or the BSE website. Priced at ₹150 per share, the IPO witnessed extraordinary demand, closing with an overall subscription of 375.54 times. Non-institutional investors topped the charts with 624.56 times subscription, followed by retail investors at 351.58 times and QIBs at 228.48 times, reflecting broad market enthusiasm.
The IPO opened on November 19 and closed on November 21. The basis of allotment was completed on November 24, while refunds and demat credit are scheduled for November 25. Gallard Steel shares are set to list on the exchanges on November 26, 2025.
Investors can check their allotment status by selecting “Gallard Steel” on the Ankit Consultancy portal and entering their PAN, application number or demat details. The BSE website also offers an allotment check using similar credentials.
Meanwhile, the latest Grey Market Premium (GMP) stands at ₹70. With the upper price band at ₹150, the estimated listing price is around ₹220, signalling potential gains of nearly 46%. Analysts expect a strong listing if market sentiment remains positive.
