German Green Steel and Power Limited IPO
25 Sept 2026 – 29 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹129.62
- H
- ₹131
- L
- ₹117.4
- C
- ₹118.12
2 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹132 – ₹139
- Lot Size
- 107 shares
- Min Investment
- ₹14,873 (1 lot · 107 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹290 Cr (to the company)
- Offer for Sale
- 10,00,000 shares (to selling holders)
- Issue Size
- Initial Public offer comprising of Fresh issue aggregating up to Rs. 29,000 lakhs and Offer for Sale of up to 10,00,000 Equity Shares (including Anchor investor portion of 65,58,991 Equity Shares)
- Registrar
- Bigshare Services Private Limited ↗
Timetable
GMP History
Latest GMP ₹9.5 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 4 Oct | ₹9.5 | +6.8% | −₹1 | ₹148.5 | |
| 3 Oct | ₹10.5 | +7.6% | −₹2.5 | ₹149.5 | |
| 2 Oct | ₹13 | +9.4% | −₹0.5 | ₹152 | |
| 1 Oct | ₹13.5 | +9.7% | +₹0.5 | ₹152.5 | |
| 30 Sept | ₹13 | +9.4% | — | ₹152 | |
| 29 Sept | ₹13 | +9.4% | −₹11.5 | ₹152 | |
| 28 Sept | ₹24.5 | +17.6% | −₹4.5 | ₹163.5 | |
| 27 Sept | ₹29 | +20.9% | +₹1.5 | ₹168 | |
| 26 Sept | ₹27.5 | +19.8% | −₹0.5 | ₹166.5 | |
| 25 Sept | ₹28 | +20.1% | −₹0.5 | ₹167 | |
| 24 Sept | ₹28.5 | +20.5% | +₹8.5 | ₹167.5 | |
| 23 Sept | ₹20 | +14.4% | — | ₹159 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 45,78,03028.5% | 7,37,04,489 | 16.1x |
| NII / HNI | 34,45,45521.4% | 16,26,26,732 | 47.2x |
| bNII · bids above ₹10L | 22,96,97014.3% | 11,10,15,068 | 48.33x |
| sNII · bids ₹2L–₹10L | 11,48,4857.1% | 5,16,11,664 | 44.94x |
| Retail | 80,39,39450.0% | 13,64,15,584 | 16.97x |
Bids received on NSE, as at 29-Sep-2026 19:00:57 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 29 Sept | — | — | — | 23.21x |
| 28 Sept | 1.34x | 7.82x | 6.15x | 5.14x |
| 27 Sept | 1.32x | 2.46x | 1.65x | 1.73x |
| 26 Sept | 1.32x | 2.46x | 1.65x | 1.73x |
| 25 Sept | 1.32x | 2.46x | 1.65x | 1.73x |
Financials
All values in ₹ crore
About German Green Steel and Power
German Green Steel and Power Limited is engaged in the manufacturing of iron and steel products, with its operations primarily concentrated in western India, particularly in Gujarat. The company has established a significant presence in the TMT bar segment through its "German TMT" brand. The company operates two production facilities in Gujarat. Its Samakhiyali plant functions as a vertically integrated manufacturing unit, while the Viramgam plant is operated through its subsidiary, German TMX Private Limited. These facilities support the production of a diversified range of steel products. German Green Steel and Power Limited manufactures TMT Bars, MS Billets, and Sponge Iron. The company's TMT bar product range is available in sizes from 8 mm to 40 mm, catering to various construction and infrastructure requirements. Its registered and corporate office is located in Ahmedabad, Gujarat, while the strategically located Samakhiyali facility benefits from proximity to major ports in the state. During the nine months ended December 31, 2024, a substantial portion of the company's revenue was generated through its distributor and dealer network. The business primarily follows a B2B model, serving distributors, dealers, and institutional customers who further supply products to contractors, builders, and other end-users in the construction sector. The "German TMT" brand has built a strong market presence in Gujarat, supported by a focus on product innovation, process improvements, and adherence to quality standards. The company continues to emphasize operational efficiency and product reliability to strengthen its market position. The manufacturing facilities are certified under various international management standards, including ISO 9001:2015 for quality management systems, ISO 45001:2018 for occupational health and safety management, and ISO 14001:2015 for environmental management systems.
As published in the company's own offer documents.
Strengths
- Integrated manufacturing operations supported by captive power generation capabilities.
- Well-established distribution and dealer network across Gujarat with long-standing customer relationships.
- Leadership team with extensive industry experience and execution capabilities.
- Strong brand recognition in the TMT bar market backed by consistent product quality.
- Demonstrated growth in operational and financial performance over the years.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Systematix Corporate Services Limited
- Emkay Global Financial Services Limited
- Pantomath Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 107 | ₹14,873 |
| Retail (max)most that stays under ₹2L | 13 | 1,391 | ₹1,93,349 |
| S-HNI (min)first bid over ₹2L | 14 | 1,498 | ₹2,08,222 |
| S-HNI (max)most that stays under ₹10L | 67 | 7,169 | ₹9,96,491 |
| B-HNI (min)first bid over ₹10L | 68 | 7,276 | ₹10,11,364 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 107 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 1,60,62,840 Equity Shares in multiple of 107 Equity Shares
- Max Bid (NII)
- 1,14,84,845 Equity Shares in multiple of 107 Equity Shares
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 29-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- HDFC Bank Limited and ICICI Bank Limited
Registrar
- Name
- Bigshare Services Private Limited
- Address
- Office No S6 2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri (East), Mumbai 400093, Maharashtra, India
- Contact
- Babu Rapheal, +91 22 6263 8200, ipo@bigshareonline.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
In the news
Headlines from The Economic Times, matched to this company by name. Reproduced as published — not our reporting, and not investment advice. More IPO news
Frequently Asked Questions
What is the GMP of German Green Steel and Power Limited IPO today?
The latest grey market premium for German Green Steel and Power Limited IPO is ₹9.5. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of German Green Steel and Power Limited IPO?
The price band is ₹132 – ₹139, with a lot size of 107 shares. The minimum investment is ₹14,873.
When does German Green Steel and Power Limited IPO open and close?
The issue opens on 25 Sept 2026 and closes on 29 Sept 2026. Listing is expected on 5 Oct 2026.
Who is the registrar for German Green Steel and Power Limited IPO?
Bigshare Services Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.