New Delhi, Nov. 26 -- Shares of Gallard Steel made a stellar debut today, November 26, as they listed at a massive 49% premium over their initial public offering (IPO) price on the BSE SME.

Gallard Steel share price listed at Rs.223.10, a premium of Rs.73.10 or 48.73% as against the IPO price of Rs.150.

The listing was slightly above the grey market expectations, as the Gallard Steel IPO GMP today was Rs.63, hinting at a premium of 42% over the issue price.

The issue had received a massive response from all categories of investors, resulting in an oversubscription of 375.54 times. The retail quota was subscribed 351.58 times, the non-institutional investor (NII) segment 624.56 times and the qualified institutional buyer (QIB) portion 2...