German Green Steel and Power Limited
ListedIron and Steel · Mainboard IPO · INE0D4501011
Price band
₹132 – ₹139
Lot size
107 shares
Min. investment
₹14,873
Issue size
₹304 Cr
Face value
₹10
Registrar
Bigshare Services Pvt.Ltd.
Issue timeline
Bidding opens
25 Sept 2026
Bidding closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
05 Oct 2026
Final subscription
12,03,074
applications
₹5,181 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 7,37,04,489 | 1,024 |
| Non-Institutional >₹10L (bNII) | 11,10,15,068 | 1,543 |
| Non-Institutional ₹2–10L (sNII) | 5,16,11,664 | 717 |
| Retail (RII) | 13,64,15,584 | 1,896 |
| Total | 37,27,46,805 | 5,181 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
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.
Issue details
Issue size
₹304 Cr
Fresh issue
₹290 Cr
Offer for sale
₹14 Cr
Industry
Iron and Steel
Promoter holding (pre)
96.63%
Promoter holding (post)
68.54%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 1,137.54 | 1,517.21 | 1685.38 Cr |
| EBITDA | 80.11 | 116.81 | 166.96 |
| Profit after tax | 41.67 | 59.94 | 79.89 Cr |
| Net worth | 176.06 | 292.55 | 421.55 Cr |
| Total assets | 559.73 | 1,015.20 | 1,220.24 |
| Total borrowing | 198.39 | 347.86 | 334.37 |
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
Strengths
- Vertically integrated manufacturing setup, including captive power capacity
- Extensive distribution network in Gujarat with long-term customer relationships
- Experienced promoters supported by a strong management and execution team
- Strong brand recall driven by quality products
- Track record of growth in financial performance
Risks
- Dependence on the performance of the construction and infrastructure sectors
- Fluctuations in raw material prices
- Competition from other manufacturers
- Regulatory changes affecting the industry
Documents
Calculate your bid
At cut-off price ₹139
Lots
1
- Shares
- 107
- Amount
- ₹14,873
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login