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German Green Steel & Power IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 25 to Sep 29 2026
Price Band ₹132 - 139
Current GMP ₹142.0 (+2.16%)
Subscription 30.42 times

IPO Details

IPO Date
25 to 29 Sep, 2026
Listed on
Mon, Oct 5, 2026
Face Value
₹ 10 per share
Price Band
₹132 to ₹139
Issue Price
₹139 per share
Lot Size
107 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
2,18,63,309 shares (agg. up to ₹ 304 Cr)
Fresh Issue
2,08,63,309 shares (agg. up to ₹ 290 Cr)
Offer for Sale
10,00,000 shares of ₹ 10 (agg. up to ₹ 14 Cr)
Share Holding Pre Issue
5,44,85,888 shares
Share Holding Post Issue
7,53,49,197 shares
BSE Script Code / NSE Symbol
544957 / GERMAN
ISIN
INE0D4501011

IPO Subscription Details

Anchor
1
QIB (Ex Anchor)
21.91
NII
56.77
bNII (> ₹10L)
56.78
sNII (< ₹10L)
56.73
Retail
23.98
Total **
30.42

Day Wise Sub

DaySep 2 5 (Day 1)
QIB (Ex Anchor)1.39
NII2.59
NII (> ₹10L)2.65
NII (< ₹10L)2.46
Retail1.74
Total1.82
DaySep 2 8 (Day 2)
QIB (Ex Anchor)1.40
NII8.22
NII (> ₹10L)6.82
NII (< ₹10L)11.01
Retail6.47
Total5.39
DaySep 2 9 (Day 3)
QIB (Ex Anchor)21.91
NII56.77
NII (> ₹10L)56.78
NII (< ₹10L)56.73
Retail23.98
Total30.42

Day Wise GMP

GMP Date05-10-2026
IPO Price139
GMP9.5 (6.83%)
Est. Listing Price148.5
GMP Date04-10-2026
IPO Price139
GMP9.5 (6.83%)
Est. Listing Price148.5
GMP Date03-10-2026
IPO Price139
GMP10.5 (7.55%)
Est. Listing Price149.5
GMP Date02-10-2026
IPO Price139
GMP11.5 (8.27%)
Est. Listing Price150.5
GMP Date01-10-2026
IPO Price139
GMP13.5 (9.71%)
Est. Listing Price152.5
GMP Date30-09-2026
IPO Price139
GMP12.5 (8.99%)
Est. Listing Price151.5
GMP Date29-09-2026
IPO Price139
GMP13 (9.35%)
Est. Listing Price152
GMP Date28-09-2026
IPO Price139
GMP24.5 (17.63%)
Est. Listing Price163.5
GMP Date27-09-2026
IPO Price139
GMP29 (20.86%)
Est. Listing Price168
GMP Date26-09-2026
IPO Price139
GMP27.5 (19.78%)
Est. Listing Price166.5
GMP Date25-09-2026
IPO Price139
GMP26 (18.71%)
Est. Listing Price165
GMP Date24-09-2026
IPO Price139
GMP29 (20.86%)
Est. Listing Price168
GMP Date23-09-2026
IPO Price139
GMP24 (17.27%)
Est. Listing Price163
GMP Date22-09-2026
IPO Price139
GMP15 (10.79%)
Est. Listing Price154

IPO Important Dates

IPO Open
Fri, Sep 25, 2026
IPO Close
Tue, Sep 29, 2026
Allotment
Wed, Sep 30, 2026
Refund
Thu, Oct 1, 2026
Credit of Shares
Thu, Oct 1, 2026
Listing
Mon, Oct 5, 2026

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares107
Amount₹14,873
ApplicationRetail (Max)
Lots13
Shares1391
Amount₹1,93,349
ApplicationS-HNI (Min)
Lots14
Shares1498
Amount₹2,08,222
ApplicationS-HNI (Max)
Lots67
Shares7169
Amount₹9,96,491
ApplicationB-HNI (Min)
Lots68
Shares7276
Amount₹10,11,364

Financial Information

Period EndedAssets
31 Mar 20261,220.24
31 Mar 20251,015.20
31 Mar 2024559.73
Period EndedTotal Income
31 Mar 20261,685.38
31 Mar 20251,517.21
31 Mar 20241,137.54
Period EndedProfit After Tax
31 Mar 202679.89
31 Mar 202559.94
31 Mar 202441.67
Period EndedEBITDA
31 Mar 2026166.96
31 Mar 2025116.81
31 Mar 202480.11
Period EndedNET Worth
31 Mar 2026421.55
31 Mar 2025292.55
31 Mar 2024176.06
Period EndedReserves and Surplus
31 Mar 2026369.21
31 Mar 2025241.27
31 Mar 2024167.60
Period EndedTotal Borrowing
31 Mar 2026334.37
31 Mar 2025347.86
31 Mar 2024198.39

Key Performance Indicator

ROE
18.86%
ROCE
19.31%
Debt/Equity
0.79
RoNW
18.86%
PAT Margin
4.76%
EBITDA Margin
9.94%
NAV
77.76
P/B (x)
1.79

IPO Reservation

QIB
1,09,31,653
− Anchor Investor
65,58,991
− QIB (Ex. Anchor)
43,72,662
NII (HNI)
32,79,497
− bNII > ₹10L
21,86,332
− sNII < ₹10L
10,93,165
Retail
76,52,159
Total
2,18,63,309

Information about company

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: The 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:

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: #: Issue Objects 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 4: Issue Expenses : Total

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App