Whalesbook
Madhya Pradesh-based Gallard Steel, a manufacturer of railway traction motor and bogie assembly components, has received robust demand for its initial public offering (IPO). On November 19, the first day of bidding, the IPO was subscribed over 5 times. The company aims to raise Rs 37.5 crore through the sale of 25 lakh shares at a price band of Rs 142-150 per share. Funds will be used for manufacturing facility expansion, office building construction, and loan repayment.