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German Green Steel & Power Ltd

German Green Steel & Power Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹139
₹139
GMP (Grey Market)
+₹12
+8.63%
Est. Listing Price
₹151
Based on GMP
Min. Investment
₹14,873
1 lot × 107 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
25 Sep 2026
Close Date
29 Sep 2026
Allotment
30 Sep 2026
Listing Date
05 Oct 2026
Exchange
NSE & BSE
Price Band
₹139
Listing Price
See chart
Allotment Status
Price Band
₹139
Per share
Face Value
₹10 per share
 
Lot Size
107 Shares
per lot
Issue Size
2,18,63,309 shares (agg. up to ₹304 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,873
1 lot
Pre-IPO Holding
5,44,85,888 shares
Promoters
Post-IPO Holding
7,53,49,197 shares
Promoters
P/E (Pre)
9.48x
 
P/E (Post)
13.11x
 
EPS (Pre)
₹14.66
 
EPS (Post)
₹10.60
 
UPI Deadline
5:00 PM on 29 Sep 2026
Mandate
GMP
+₹12
+8.63% est.
Anchor AllotmentThu, 24 Sep 2026
Basis of AllotmentWed, 30 Sep 2026
Refund InitiationThu, 01 Oct 2026
Demat CreditThu, 01 Oct 2026
Listing DayMon, 05 Oct 2026
UPI Mandate Deadline5:00 PM on 29 Sep 2026
Sale TypeFresh capital cum OFS
Fresh Issue Shares2,08,63,309 shares (agg. up to ₹290 Cr)
Offer for Sale10,00,000 shares of ₹10 (agg. up to ₹14 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
German Green Steel & Power Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
— — —
NII / HNI
Over 1.00x
— — —
Retail
Over 1.00x
— — —
Total 1.00x
21,863,309
100% ₹303.90
IPO Shares Offered
German Green Steel & Power Ltd IPO total issue size: ₹303.90 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 21,863,309 ₹303.90
100.00%
* Based on upper price band ₹139 per share
Lot Size & Investment
Lot Size
107
Shares per Lot
Issue Price
₹139.00
Upper Band
Min Investment
₹14,873
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2214₹29,746
Retail (Max — 13 Lots)131,391₹193,349
S-HNI (Min — 14 Lots)141,498₹208,222
B-HNI (Min — 68 Lots)687,276₹1,011,364
* Issue Price ₹139 × Lot Size 107 shares
IPO Schedule
Anchor
24 Sep 2026
✓ Done
IPO Open
25 Sep 2026
✓ Done
IPO Close
29 Sep 2026
✓ Done
Allotment
30 Sep 2026
✓ Done
Refunds
01 Oct 2026
✓ Done
Demat Credit
01 Oct 2026
✓ Done
Listing Day
05 Oct 2026
✓ Done
German Green Steel & Power Ltd — Live Price LIVE
₹139.00
INR · BSE
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Issue ₹139.00 GMP: +₹12 Live Price
About German Green Steel & Power Ltd
Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat and a focus on TMX Bars. The company is predominantly conducted on a business-to-business basis with three (3) major types of customers, namely (i) distributors, (ii) dealers and (iii) institutional customers. The brand “German TMT” has established strong recognition for TMT Bars in Gujarat.Product Portfolio:TMT Bars,MS Billets, andSponge Iron, withTMT barThe company's manufacturing capabilities ranging from 8 mm to 40 mm. The corporate and registered office is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat.The company operates two manufacturing facilities in Gujarat: the Samakhiyali Facility, which is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited. They are currently in the process of expanding the installed capacity of Sponge Iron at their Samakhiyali Facility from 66,000 MTPA to approximately 1,48,500 MTPA, MS billets production capacity from 2,14,500 TPA to 4,12,500 TPA and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.For the nine months ended December 31, 2024, the majority of sales were generated through a network of distributors and dealers. Business operations are predominantly conducted on a business-to-business basis, catering to three primary customer segments: distributors, dealers, and institutional customers. These intermediaries supply products to builders and contractors.As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.Competitive Strengths:Vertically integrated manufacturing setup, including captive power capacityExtensive distribution network in Gujarat with long-term customer relationshipsExperienced promoters supported by a strong management and execution teamStrong brand recall driven by quality productsTrack record of growth in financial performance
Objects of the Issue
1
Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant
2
Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company
3
General Corporate Purposes
German Green Steel & Power Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹1,137.5
31 Mar 2024
₹1,517.2
31 Mar 2025
₹1,685.4
31 Mar 2026
Profit After Tax (PAT)
₹41.7
31 Mar 2024
₹59.9
31 Mar 2025
₹79.9
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 1685.38 1517.21 1137.54
EBITDA 166.96 116.81 80.11
Profit After Tax (PAT) 79.89 59.94 41.67
Net Worth 421.55 292.55 176.06
Total Assets 1220.24 1015.20 559.73
Reserves & Surplus 369.21 241.27 167.60
Borrowings 334.37 347.86 198.39
EBITDA Margin (%) 9.94 — —
PAT Margin (%) 4.76 — —
P/BV Ratio
0.67
RoE
18.86
RoCE
19.31
RoNW
18.86
PAT Margin
4.76
EBITDA Margin
9.94
Debt/Equity
0.79
Issue Structure & Shareholding
Total Shares Offered2,18,63,309
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding5,44,85,888 shares
Post-Issue Promoter Holding7,53,49,197 shares
P/BV Ratio0.67
RoE18.86
RoCE19.31
Debt / Equity0.79
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Systematix Corporate Services Ltd.
Emkay Global Financial Services Ltd
Pantomath Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much German Green Steel & Power Ltd IPO subscribed? ▲

German Green Steel & Power Ltd IPO is subscribed 1.00 times by Sep 29, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is German Green Steel & Power Ltd IPO retail subscription status? ▼

The German Green Steel & Power Ltd IPO retail category is subscribed 1.00 times as of 29 Sep 2026. The retail portion is oversubscribed.

How to subscribe German Green Steel & Power Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2026 and closes 29 Sep 2026. Min investment: ₹14,873 (1 lot = 107 shares). UPI mandate: 5:00 PM on 29 Sep 2026.

How many times German Green Steel & Power Ltd IPO subscribed? ▼

The German Green Steel & Power Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check German Green Steel & Power Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Sep 2026. Refunds: on 01 Oct 2026.

When German Green Steel & Power Ltd IPO will be listed? ▼

The German Green Steel & Power Ltd IPO listing date is 05 Oct 2026, Monday. Listed on: NSE & BSE. Issue price: ₹139. Estimated listing: ₹151. GMP: +₹12.

When German Green Steel & Power Ltd IPO close? ▼

The German Green Steel & Power Ltd IPO closes on 29 Sep 2026, Tuesday. UPI mandate: 5:00 PM on 29 Sep 2026. Allotment: 30 Sep 2026. Listing: 05 Oct 2026.