The anticipation around Gallard Steel’s Initial Public Offering (IPO) is building as the subscription dates approach, offering investors a chance to get on board with this promising steel manufacturing company. For anyone looking to understand what’s on offer, here’s a clear breakdown of all the essential details about the Gallard Steel IPO.

Gallard Steel is launching its IPO from November 19, 2025, and it will remain open for subscription until November 21, 2025. This is a relatively short window, so interested investors should ensure they mark their calendars to participate on time.

The company has set a price band between Rs 249 and Rs 262 per share. This range is where investors can place their bids, and the final price will be determined after the bidding closes based on demand. The face value of each share is Rs 10, and the minimum lot size for applying is designed to be accessible but significant enough to attract serious investors. Typically, lot sizes for such IPOs are set to manage minimum investments effectively.

The offer includes both a fresh issue and an offer for sale. Specifically, the fresh issue—the new shares being created and sold by Gallard Steel—amounts to Rs 80.81 crore. Alongside this, there’s an offer for sale valued at Rs 18.96 crore. In total, this puts the IPO size around Rs 99.77 crore, making it an attractive option for those who want to tap into the steel sector’s growth potential.

One intriguing piece of information for investors is the Grey Market Premium (GMP), which often reflects the pre-listing demand for shares. While exact GMP values can fluctuate frequently, the current sentiment suggests a positive demand outlook for Gallard Steel shares in the grey market, indicating investor confidence.

As for subscription, the initial days of the IPO usually see active participation, and the latest trends suggest a steady appetite for Gallard Steel’s shares. Investors keen on the steel sector should watch the subscription numbers closely, especially since the company operates in a vital industry with growing demand prospects driven by infrastructure and construction growth.

On the operational front, Gallard Steel is involved in the manufacturing of steel products with a focus on quality and capacity expansion strategies. The company’s financials and business outlook were highlighted in the IPO prospectus, giving potential investors insights into its growth plans and competitive positioning.

For those planning to apply, it’s important to go through the detailed IPO prospectus to understand risks, financials, promoters’ background, and the intended use of funds. This due diligence can help make an informed investment decision.

The listing date for Gallard Steel shares is expected around November 26, 2025. Post-listing, the share price will be subject to market forces, and IPO investors will watch closely to see how the stock performs in its debut.

In summary, Gallard Steel’s IPO offers a compelling opportunity in the steel manufacturing sector, with a reasonable price band, attractive IPO size, and positive grey market indications. Investors looking to diversify into industrial stocks might find this offering worth considering, but as always, careful evaluation of all details and market conditions is recommended before making a move.