Mumbai, Nov. 26 -- The scrip was listed at Rs 223.10, a premium of 48.73% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 234.25 and a low of Rs 223. About 13.23 lakh shares of the company changed hands at the counter.

Gallard Steel's IPO was subscribed 349.40 times. The issue opened for bidding 19 November 2025 and it closed on 21 November 2025. The price band of the IPO was fixed between Rs 142 to Rs 150 per share.

The IPO comprised fresh issue of 25,00,000 equity shares. The company intends to utilize the net proceeds for funding of capital expenditure towards expansion of the existing manufacturing facility and construction of off...