German Green Steel & Power IPO
GMP, Subscription, Price, Dates & Financial Details
Steel & Iron Products
Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer operating primarily in Western India, with a strong market presence in Gujarat under its flagship brand, “German TMT.”Business Model & DistributionOperating predominantly on a B2B model, the company…
Open Date
Fri, 25 Sep 2026
Close Date
Tue, 29 Sep 2026
Price Band
₹ 132 – 139
Lot Size
107
Issue Size
₹ 303.90 Cr
Minimum Investment
₹ 14,873 (107 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
German Green Steel & Power IPO is set to open its Initial Public Offering (IPO) for subscription on September 25, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹303.90 Crore, comprising a fresh issue of 2.09 Crore equity shares aggregating to ₹290.00 Crore and an offer for sale (OFS) of 10.00 Lakh equity shares aggregating to ₹13.90 Crore by the existing shareholders.
The German Green Steel & Power IPO will open for subscription on September 25, 2026, and close on September 29, 2026. The basis of allotment is expected to be finalized on September 30, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on October 05, 2026.
The company has fixed the price band at ₹132 to ₹139 per share, with a lot size of 107 shares. Retail investors will require a minimum investment of ₹14,873 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Pantomath Capital Advisors Pvt Ltd, Emkay Global Financial Services Ltd, and Systematix Corporate Services Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the German Green Steel & Power IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 29, 2026.
German Green Steel & Power IPO Timeline (Tentative)
- IPO Open Date
- Fri, 25 Sep 26
- IPO Close Date
- Tue, 29 Sep 26
- Basis of Allotment
- Wed, 30 Sep 26
- Initiation of Refunds
- Thu, 01 Oct 26
- Credit of Shares to Demat
- Thu, 01 Oct 26
- Listing Date
- Mon, 05 Oct 26 — BSE & NSE
Open Date
25 September 2026
Close Date
29 September 2026
Basis Of Allotment
30 September 2026
Listing Date
05 October 2026
IPO Subscription
Check Live Subscription →The German Green Steel & Power IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 25 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (50%), while Non-Institutional Investors (NIIs) receive 0 shares (15%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 50% |
| Retail Investors | 0 | 35% |
| Non-Institutional | 0 | 15% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1220.24 | 1015.2 | 559.73 |
| Revenue | 1685.38 | 1517.21 | 1137.54 |
| Profit After Tax | 79.89 | 59.94 | 41.67 |
| Net Worth | 421.55 | 292.55 | 176.06 |
| Reserve & Surplus | 369.21 | 241.27 | 167.6 |
| Total Borrowings | 334.37 | 347.86 | 198.39 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
German Green Steel and Power Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 18.86 | 20.4 | 23.67 |
| ROCE % | 19.31 | 15.91 | 18.62 |
| Debt / Equity | 0.79 | 1.18 | 1.13 |
| RoNW % | 18.86 | 20.4 | 23.67 |
| Pat Margin % | 4.76 | 3.98 | 3.69 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| German Green Steel and Power Ltd | 10 | 0 | 14.91 | 14.91 | 18.86 | 77.76 |
| Beekay Steel Industries Ltd | 10 | 22.54 | 18.94 | 18.94 | 3.49 | 548.18 |
| Gallant Ispat Ltd | 10 | 27.8 | 20.07 | 20.07 | 14.6 | 137.44 |
| Kamdhenu Ltd | 1 | 14.57 | 2.78 | 2.72 | 19.77 | 14.06 |
| MSP Steel & Power Ltd | 10 | 61.57 | 0.6 | 0.56 | 3.28 | 18.18 |
| VMS TMT Ltd | 10 | 8.92 | 4.95 | 4.95 | 9.22 | 45.97 |
About German Green Steel and Power Limited
Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer operating primarily in Western India, with a strong market presence in Gujarat under its flagship brand, “German TMT.”
Business Model & Distribution
Operating predominantly on a B2B model, the company supplies its products through three primary customer segments:
Distributors
Dealers
Institutional Customers
For the nine-month period ended December 31, 2024, the majority of sales were driven through its network of distributors and dealers, who supply the end products to builders and contractors.
Product Portfolio
TMT Bars: Ranging from 8 mm to 40 mm in diameter (including TMX Bars)
MS Billets
Sponge Iron
Manufacturing Facilities & Infrastructure
Headquartered in Ahmedabad, Gujarat, the company operates two manufacturing facilities within the state:
Samakhiyali Facility: A vertically integrated plant situated in close proximity to major ports in Gujarat.
Viramgam Facility: Operated through its material subsidiary, German TMX Private Limited.
Capacity Expansion Plans
The company is actively expanding the installed production capacity at its Samakhiyali Facility:
Sponge Iron: Increasing from 66,000 MTPA to ~148,500 MTPA
MS Billets: Increasing from 214,500 TPA to 412,500 TPA
TMT Bars: Increasing from 181,500 MTPA to 346,500 MTPA
Workforce
As of March 31, 2026, the company engaged a total workforce of 1,500 workers, comprising:
Permanent Employees: 1,357
Contract Laborers: 143
German Green Steel & Power IPO Promoters
Inamulhaq Shamsulhaq Iraki
Abdulhaq Shamsulhaq Iraki
Ibrarulhaq Inamulhaq Iraki
Promoters Holding
Holding Pre Issue
96.63%
Holding Post Issue
68.54%
German Green Steel & Power IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
Funding the capital expenditure requirements of our Company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (“Project”).
Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by our Company
General Corporate Purposes
German Green Steel and Power Limited Address / Contact Details
German Green Steel & Power Ltd.
German House, Near
Bharat Petrol Pump,
Opp. Kochrab Ashram,Paldi
Ahmedabad, Gujarat, 380007
Telephone: +917211133101/ 9723555100
Email:secretarial@germansteel.in
Website:https://www.germansteel.in/
IPO Snapshot
German Green Steel & Power IPO Lot Size
The German Green Steel & Power IPO has a lot size of 107 shares. Retail investors require a minimum investment of ₹14,873 by applying for 1 lot (107 shares). The maximum application allowed for the retail category is 13 lots (1,391 shares), requiring an investment of ₹1,93,349.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 107 | 14,873.00 |
| Retail (Max) | 13 | 1,391 | 193,349.00 |
| S-HNI (Min) | 14 | 1,498 | 208,222.00 |
| S-HNI (Max) | 67 | 7,169 | 996,491.00 |
| B-HNI (Min) | 68 | 7,276 | 1,011,364.00 |
Issue Reservation
- QIB — 50%
- RII — 35%
- NII — 15%
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
- Emkay Global Financial Services Ltd
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the German Green Steel & Power IPO?
German Green Steel & Power IPO is a Book-building IPO with a total issue size of ₹303.9 crore. The German Green Steel & Power IPO price band is ₹132 to 139 per share. The German Green Steel & Power IPO subscription opens on Fri, Sep 25, 2026, and closes on Tue, Sep 29, 2026. The German Green Steel & Power IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the German Green Steel & Power IPO.
When will the German Green Steel & Power IPO open for subscription?
The German Green Steel & Power IPO opens on Fri, Sep 25, 2026 and closes on Tue, Sep 29, 2026
What is German Green Steel & Power IPO Price Band?
German Green Steel & Power IPO Price Band is ₹132 to 139 per share.
What is German Green Steel & Power IPO Lot Size?
German Green Steel & Power IPO lot size is 107 shares, Retail investors need a minimum investment of ₹14873 based on the upper price band
What is the minimum investment for German Green Steel & Power IPO?
The minimum investment for German Green Steel & Power IPO is ₹14873, based on one lot of 107 shares at the upper price band of ₹139 per share.
How to apply for German Green Steel & Power IPO?
Investors can apply for the German Green Steel & Power IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 29, 2026. The application amount remains blocked until the German Green Steel & Power IPO allotment is finalized.
What is German Green Steel & Power IPO Issue Size?
German Green Steel & Power IPO issue size is ₹303.9 crores.
What is the German Green Steel & Power IPO Allotment Date?
German Green Steel & Power IPO allotment date is Wed, Sep 30, 2026.
Who is the German Green Steel & Power IPO Registrar?
The registrar for German Green Steel & Power IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check German Green Steel & Power IPO allotment status, refund processing, and other IPO-related information.
Who is the German Green Steel & Power IPO Lead Manager?
The book-running lead managers (BRLMs) for the German Green Steel & Power IPO are Pantomath Capital Advisors Pvt Ltd, Emkay Global Financial Services Ltd and Systematix Corporate Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the German Green Steel & Power IPO Red Herring Prospectus (RHP).