Gallard Steel SME GMP - Live Grey Market Premium
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Gallard Steel Limited is an engineering manufacturer specializing in ready-to-use components, assemblies, and subassemblies made from carbon steel, ductile iron, grey cast iron, and alloy steels. The company primarily serves high-specification sectors such as the Indian Railways, defence, and power generation. It holds the highly sought-after Class ‘A’ Foundry Status from RDSO, Ministry of Railways, for critical locomotive components. Gallard Steel operates an ISO 9001:2015-certified manufacturing unit in Pithampur, Madhya Pradesh, with integrated facilities for melting, molding, heat treatment, and precision testing. Through its subsidiary, Sleeploop India Private Limited (SIPL), it also provides precision CNC machining and finishing services.
IPO Details
GMP Timeline
| Date | IPO Price | GMP | Est. Price | % Change |
|---|---|---|---|---|
23 Nov 2025Live | 150 | 70 | 220 | +46.67 |
22 Nov 2025 | 150 | 70 | 220 | +46.67 |
21 Nov 2025 | 150 | 70 | 220 | +46.67 |
20 Nov 2025 | 150 | 40 | 190 | +26.67 |
19 Nov 2025 | 150 | 40 | 190 | +26.67 |
18 Nov 2025 | 150 | 11 | 161 | +7.33 |
17 Nov 2025 | 150 | 11 | 161 | +7.33 |
16 Nov 2025 | 150 | 11 | 161 | +7.33 |
15 Nov 2025 | 150 | 0 | 150 | 0.00 |
14 Nov 2025 | 150 | 0 | 150 | 0.00 |
13 Nov 2025 | 150 | 0 | 150 | 0.00 |
Important Notes About Grey Market Premium
Grey Market Premium (GMP) is an unofficial value that indicates investor sentiment before the IPO listing. It is the premium amount at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.
GMP fluctuates based on market conditions and investor sentiment. A positive GMP suggests the market expects the stock to list above its issue price, while a negative GMP suggests it may list below the issue price.
The actual listing price may differ from the estimated price based on GMP due to market conditions on the listing day. GMP is not an official indicator and should not be the sole basis for investment decisions.
IPOwiz updates the GMP values regularly, but these values are sourced from unofficial channels and should be used as a reference only.