German Green Steel IPO
German Green Steel opens for subscription on 25 Sept 2026 and closes on 29 Sept 2026, at a price band of ₹132 – ₹139 with a lot of 107 shares. Listing is expected on 5 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
25 Sept 2026
Closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
5 Oct 2026
IPO details
| Price band | ₹132 – ₹139 |
|---|---|
| Lot size | 107 shares |
| Minimum investment | ₹14,873 |
| Issue size | ₹304 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 35% |
| EPS | ₹14.91 |
| RoNW | 18.86% |
Grey market premium (GMP)
Last reported GMP: ₹10 (7.2%), an unofficial estimated listing price near ₹149 or about ₹1,070 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 30.42 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 1.38× | 2.17× | 1.59× | 1.65× |
| Day 2 | 1.4× | 8.22× | 6.47× | 5.39× |
| Day 3 | 21.91× | 56.77× | 23.98× | 30.42× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 107 | ₹14,873 |
| Retail (max) | 13 | 1,391 | ₹1,93,349 |
| sHNI (min) | 14 | 1,498 | ₹2,08,222 |
| sHNI (max) | 67 | 7,169 | ₹9,96,491 |
| bHNI (min) | 68 | 7,276 | ₹10,11,364 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 1,137.54 | 1,082.15 | 41.67 |
| FY25 | 1,517.21 | 1,438.16 | 59.94 |
| FY26 | 1,685.38 | 1,575.57 | 79.89 |
About German Green Steel
German Green Steel and Power, founded in 2008, is one of the leading iron and steel manufacturers with a strong presence in Gujarat. Its product range includes TMT Bars, MS Billets, and Sponge Iron, with TMT bar. The firm mainly sells its products on a B2B basis. Its three main types of customers are Distributors, Dealers, and Institutional customers.
Moreover, the brand German TMT has maintained its strong presence in TMT Bars in Gujarat. German Green operates 2 manufacturing facilities: one is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat. Furthermore, the firm is planning to expand the existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
Objects of the issue
- Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Allotment status and registrar
Bigshare Services Pvt. Ltd. is the registrar. After 30 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 8657578989/8069219065/8069219060 · ipo@bigshareonline.com
Lead managers and offer documents
- Systematix Corporate Services Ltd.
- Emkay Global Financial Services Ltd.
- Pantomath Capital Advisors Pvt.Ltd.
German Green Steel IPO: FAQs
When does the German Green Steel IPO open and close?
The German Green Steel IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
What is the German Green Steel IPO price band?
The price band is ₹132 – ₹139 per share (face value ₹10).
What is the German Green Steel IPO lot size?
One lot is 107 shares, so the minimum investment is ₹14,873 at the upper price band.
When is the German Green Steel IPO allotment date?
Allotment is expected on 30 Sept 2026. Check the status on the registrar's site (Bigshare Services Pvt. Ltd.) or the BSE/NSE allotment pages using your PAN.
When will German Green Steel shares list?
Listing is expected on 5 Oct 2026 on BSE, NSE.
What is the German Green Steel IPO GMP today?
The grey market premium was about ₹10 (7.2%) when this page was last updated, implying an unofficial estimated listing near ₹149. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.