26
Nov
#GallardSteel #SMEIPO #BSEListing #StockMarketDebut #IPOPremium #MadeInIndia #RailwayComponents #Castings #NonInstitutionalInvestors #ManufacturingSector Mumbai: Shares of Gallard Steel made a spectacular debut on the BSE SME platform on November 26, listing at ₹223.10 apiece. This strong opening marks a significant premium of 48.73% over the IPO's upper price band of ₹150 per share, instantly valuing the Madhya Pradesh-based company with a market capitalization of nearly ₹212 crore. The exceptional listing performance exceeded the estimates set by the grey market, which had indicated a premium of around 42%, suggesting a listing price of approximately ₹213 per share. The actual debut at ₹223.10 validates the…