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News Details

( As on 14/11/2025 07:05)

Gallard Steel announces launch of initial public offering

Gallard Steel Ltd. has announced public offering of 2500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 140.00 per share. The gross proceeds of the issue are expected to be Rs 3,750.00 lakhs.

The company's initial public offer (IPO) will open on 19 November 2025 and is expected to close on 21 November 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 142.00-150.00 per share.

The IPO includes a fresh Issue of 2500000 Equity Shares of the Company at an price of Rs 150.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Gallard Steel Ltd. anticipates using the proceeds of the issue for .

Seren Capital Pvt. Ltd. as lead manager & Ankit Consultancy Pvt. Ltd. is the registrar, to the issue.