Gallard Steel SME IPO GMP Today

GMP for Gallard Steel SME started at Rs 0 on 13 November 2025 and stood at Rs 70 on 24 November 2025. The sharpest single-day jump was from Rs 40 on 20 Nov 2025 to Rs 70 on 21 Nov 2025. The upward move through the subscription window usually reflects building demand across investor categories rather than a one-day spike.

Based on today's GMP, Gallard Steel SME IPO listing price estimate is Rs 207.00 per share (issue price Rs 150.00 + GMP Rs 57.00).

Actual listing price will be known on 26 November 2025 when the stock lists on NSE/BSE.

A GMP of around 38.0% is a strong positive signal from the grey market. Investors are pricing in a meaningful listing premium over the issue price.

GMP has moved up over the tracked period. Steady increases through the subscription window are usually a stronger signal than a single-day spike.

GMP is unofficial. Listing gain can differ on listing day.

GMP and subscription numbers often move together. When institutional and HNI demand is strong, grey market participants usually price in a higher premium. Current overall subscription for Gallard Steel SME is 375.54x. Compare this with the GMP trend to see if demand aligns. The GMP move around 21 Nov 2025 may reflect how the market reacted once the subscription window activity picked up after 19 Nov 2025.

See live figures on the Gallard Steel SME IPO Subscription Status page.

Gallard Steel SME IPO full details (financials, peers, review).

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.