IPO profile
German Green Steel And Power Limited
GERMAN · BSE
- Price band
- ₹132 - ₹139
- Subscription
- 23.21x
Application & Issue Details
- Minimum Quantity
- 107 shares
- Minimum Application
- ₹14,873
- Issue Size
- Rs. 304 Cr
- Face Value
- Not available
Company Overview
German Green Steel and Power is a vertically integrated iron and steel manufacturer primarily operating in the western region of India. The company focuses on manufacturing thermo-mechanically treated bars, mild steel billets, and sponge iron. It serves a diversified client base comprising distributors, dealers, and direct institutional customers across sectors like real estate, roadways, and thermal plants. The company operates two manufacturing facilities located in Samakhiyali and Viramgam in Gujarat. A notable feature of its operations is the integration of captive coal-based power plants, waste heat recovery systems, and hybrid wind and solar power setups, which provide cost-effective energy for its intensive manufacturing requirements. The company generates revenue predominantly from domestic sales within Gujarat, complemented by minor international exports, positioning itself as a key supplier in the regional steel supply chain.
Important Dates
- Open Date
- 25 Sept 2026
- Close Date
- 29 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 5 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 16.10x
- NII
- 47.20x
- Retail
- 16.97x
- Total
- 23.21x
Updated 25 Oct 2026, 12:31 pm · source: nse
Actual Listing Performance
- Listing Date
- 5 Oct 2026
- Actual Listing Price
- ₹143.5
- Gain/Loss Per Share
- +₹4.5
- Gain/Loss Per Lot
- +₹481.5
- Listing Gain/Loss %
- +3.24%
- Measured Against
- ₹139
- Lot Size
- 107 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Vertically integrated iron and steel manufacturer in Gujarat.
- Captive and hybrid wind-solar plants reduce operational energy costs.
- Diversified network of distributors, dealers, and institutional clients.
- Strong capacity expansion strategy for TMT bars and value-added products.
- ISO-certified manufacturing facilities ensuring stringent product quality.
Key risks
- High dependence on the top 10 customers for a majority of revenue.
- Vulnerability to raw material price volatility and supply disruptions.
- Operations are highly concentrated geographically within Gujarat.
- Expansion plans face risks of delays, cost overruns, and missing approvals.
- High indebtedness with stringent covenants could restrict operations.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:31 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.