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Gallard Steel IPO: Rs 10.63 Crore Anchor Book Filled Ahead of Public Launch

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Published on 18th November 2025, 2:24 PM

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Author

Satyam Jha | Whalesbook News Team

Overview

Madhya Pradesh-based Gallard Steel has successfully raised Rs 10.63 crore from four anchor investors on November 18, 2023, ahead of its Initial Public Offering (IPO). The company aims to raise Rs 37.5 crore through the IPO, which opens for public subscription on November 19 and closes on November 21. Proceeds will fund manufacturing facility expansion, office construction, and debt repayment.