Indore-based engineering company Gallard Steel is set to hit Dalal Street with its maiden public issue next week on November 19 to raise funds for business expansion. The offer will remain open till November 21.

The price band for the public issue has been fixed at Rs 142-150 per share. The IPO share allotment will be finalised by November 24, while Gallard Steel shares will be available for trading on the BSE SME effective November 26.

The company aims to mop up Rs 37.5 crore via initial public offering (IPO) of 25 lakh shares at the upper price band. It is entirely a fresh issue with no offer-for-sale component.

Incorporated in 2015, Gallard Steel with manufacturing facility in Pithampur, Madhya Pradesh involves in the manufacturing of ready-to-use components, assemblies, and sub-as

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