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Gallantt Ispat Ltd IPO (Gallantt Ispat IPO) Detail

September 22, 2010 - September 24, 2010

Gallantt Ispat IPO is a fixed price issue of Rs 40.50 crores.

Gallantt Ispat IPO bidding started from September 22, 2010 and ended on September 24, 2010. The shares got listed on BSE, NSE on October 11, 2010.

Gallantt Ispat IPO price is ₹50 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹6,250.

Anand Rathi Securities Limited is the book running lead manager of the Gallantt Ispat IPO, while Niche Technologies Pvt. Ltd is the registrar for the issue.

Refer to Gallantt Ispat IPO DRHP for detailed information.

Gallantt Ispat IPO Details

IPO Date September 22, 2010 to September 24, 2010
Listing Date October 11, 2010
Face Value ₹10 per share
Price ₹50 per share
Lot Size 125 Shares
Total Issue Size8,100,000 shares
(aggregating up to ₹40.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE

Gallantt Ispat IPO Lot Size

Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 125 ₹6,250
Retail (Max) 32 4000 ₹200,000
Lot Size Calculator

About Gallantt Ispat Ltd

Incorporated in 2005, Gallantt Ispat Ltd is engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Mild Steel Structural) and wheat flour products.

Objects of the Issue (Gallantt Ispat IPO Objectives)

The objects of the Issue are:

1. To part finance the integrated steel plant;
2. To part finance the Flour Mill with a capacity of 1,80,000 MTPA;
3. Listing of securities on Stock Exchanges.

Gallantt Ispat Ltd IPO Tags:

Gallantt Ispat IPO, Gallantt IPO, Gallantt Ispat IPO Bidding, Gallantt Ispat IPO Allotment Status, Gallantt drhp and Gallantt Ispat Ltd IPO listing.

Gallantt Ispat IPO Prospectus

Gallantt Ispat IPO Rating

64
2.9
Rating:Rated 2.9 stars
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Gallantt Ispat IPO Listing Details

Listing Date October 11, 2010
BSE Script Code 533265
NSE Symbol GALLISPAT
ISIN INE528K01011
Final Issue Price ₹50 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹50.00
₹48.90
₹48.80
₹87.40
₹81.60
NSE
₹50.00
₹52.00
₹49.00
₹87.00
₹81.05

Check IPO Performance…

Gallantt Ispat Ltd Contact Details

Gallantt Ispat Ltd
Gallantt Ispat Ltd,
Ashyana, 29C, Bentinck Street,
Kolkata - 700 069, West Bengal, India
Phone: +91 33 22312429
Email: investors@gallantt.com
Website: http://www.gallantt.com

Gallantt Ispat IPO Registrar

Niche Technologies Pvt. Ltd

Phone: 2235-7270/ 7271
Email: gil@nichetechpl.com
Website: http://www.nichetechpl.com

Gallantt Ispat IPO - Buy or Not

Gallantt Ispat IPO Recommendation Summary

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Members 0 0 0

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Gallantt Ispat IPO FAQs

Gallantt Ispat IPO is a main-board IPO of 8,100,000 equity shares of the face value of ₹10 aggregating up to ₹40.50 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 125 Shares.

The IPO opens on September 22, 2010, and closes on September 24, 2010.

Niche Technologies Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gallantt Ispat IPO opens on September 22, 2010 and closes on September 24, 2010.

Gallantt Ispat IPO lot size is 125 Shares, and the minimum amount required is ₹6,250.

You can apply in Gallantt Ispat IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gallantt Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gallantt Ispat IPO allotment status.

The Gallantt Ispat IPO listing date is on October 11, 2010.
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Gallantt Ispat IPO Message Board

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85 Comments

85. Anonymous |   Link |  Bookmark |October 15, 2010 11:02:06 AM
buy gallent it will reach shortly 100 rs in 3 months
84. Anonymous |   Link |  Bookmark |October 12, 2010 1:01:52 PM
For GMP of Coal India & Vatech, Contact Mammu bhai - 09319303542.
83. Anonymous |   Link |  Bookmark |October 12, 2010 12:29:06 AM
Gallant was right issue to teach the speculators a good lesson who were short selling to corner the shares a make a big profit but they were caught off guard. All such people should be taught a lesson. Do not think of short selling on day of listing.
82. Anonymous |   Link |  Bookmark |October 11, 2010 11:10:05 PM
Friends,wait and watch in next two days you will see regulator is going to issue show cause notice to Gallantt ispat.Few brokers were cornering shares around Rs 65- Rs 70.
81. Anonymous |   Link |  Bookmark |October 11, 2010 10:55:08 PM
tom dick and harry ,
RAVI BANGALORE , SJ , K.K. NATARAGAN
WERE ALL FOOLS IN THIS IPO
WHAT AN ANALISYS THEY ARE MAKING
80. Anonymous |   Link |  Bookmark |October 11, 2010 6:36:32 PM
sabse sahi IPO: Gallant
baki sab : GALAT..
however the company may be.. it gave money in pocket of investores.

jiyo dilse....
79. Anonymous |   Link |  Bookmark |October 11, 2010 5:42:31 PM
market may Tulsiyan jaisay bawkoofo ka rahna bahut jarori hi, aisay jokar agar market may nahi rahay gay tho kun hasayga,Gallant ki minus GMP day raha tha,choor, ab listing dekh kar muh kala ho gaya, Tech pro, cantabil, asoka, va tech ki listng bhi bahut high hogi.nahi tho coal india ka ipo fail ho jayga.
78. Anonymous |   Link |  Bookmark |October 11, 2010 3:49:14 PM
Isnay sabhi short sellers and negative rating daynay walo ka lauda apas may majboti say pakadwa diya, ab Cantabel in sabka lahsun peesh dayga.
77. Lost in Market |   Link |  Bookmark |October 11, 2010 3:41:40 PM
Will see 120+ tomorrow and then may go down again around 90 level. Clear buy at this price for min 40% gain in a day.
76. Anonymous |   Link |  Bookmark |October 11, 2010 3:40:38 PM

IN ONE ISSUE U WILL MAKE MONEY, IN ANOTHER U WILL LOOSE. DONT SPECULATE WITH JUNK SHARES
75. Anonymous |   Link |  Bookmark |October 11, 2010 3:05:17 PM
sell nhpc and buy gallent ispat
74. Anonymous |   Link |  Bookmark |October 11, 2010 3:03:18 PM
ab cantabil bhi aisa hi hog alisting....
73. Anonymous |   Link |  Bookmark |October 11, 2010 3:02:44 PM
paise dub jayenge aggar nahi bacha abhi to
72. Anonymous |   Link |  Bookmark |October 11, 2010 2:56:34 PM
sell now !!
71. Anonymous |   Link |  Bookmark |October 11, 2010 2:48:51 PM
big deal happened around 78 lacs shares on NSE at 86.50

come out from this stock..
70. Anonymous |   Link |  Bookmark |October 11, 2010 2:47:48 PM
promoters are selling thair shares now!!!

Book the profit or lose your gains!!!!
69. Anonymous |   Link |  Bookmark |October 11, 2010 2:44:14 PM
target achieved 82.6 enjoy...

Now next target is 68 in 2 days...

so book profit now!!!!
68. Lost in Market |   Link |  Bookmark |October 11, 2010 2:36:00 PM
I think it may see 150+ today itself. Can we hold this for target 150+, if not today then in 1 week or so?
67. Anonymous |   Link |  Bookmark |October 11, 2010 2:22:36 PM
profit book or hold for log term 2-3 years targ 160
66. Anonymous |   Link |  Bookmark |October 11, 2010 2:21:32 PM
my 82.6 targt achived.