German Green Steel & Power IPO
German Green Steel & Power IPO is a mainboard book-building public issue with a total issue size of approximately ₹303.90 Crore.
The IPO will open for subscription on 25 September 2026 and close on 29 September 2026. The shares are proposed to be listed on NSE and BSE.
German Green Steel & Power IPO Details
German Green Steel & Power Limited is a Gujarat-based vertically integrated iron and steel manufacturer focused primarily on TMT bars, MS billets and sponge iron. The IPO comprises a fresh issue and an offer for sale.
| Particulars | Details |
|---|---|
| IPO Open Date | 25 September 2026 |
| IPO Close Date | 29 September 2026 |
| IPO Size | ₹303.90 Crore |
| Price Band | ₹132 to ₹139 per share |
| Face Value | ₹10 per share |
| Lot Size | 107 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Tentative Listing Date | 5 October 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Managers | Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd. and Pantomath Capital Advisors Pvt. Ltd. |
German Green Steel & Power IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 2,18,63,309 | ₹303.90 Cr |
| Fresh Issue | 2,08,63,309 | ₹290.00 Cr |
| Offer for Sale | 10,00,000 | ₹13.90 Cr |
German Green Steel & Power IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Friday, 25 September 2026 |
| IPO Closes | Tuesday, 29 September 2026 |
| Allotment | Wednesday, 30 September 2026 |
| Refund / Unblocking | Thursday, 1 October 2026 |
| Shares Credited to Demat | Thursday, 1 October 2026 |
| Listing | Monday, 5 October 2026 |
German Green Steel & Power IPO IPO Reservation
The disclosed issue structure provides 50% for QIBs, 15% for NIIs and 35% for retail investors, subject to applicable issue terms.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors | 35% |
German Green Steel & Power IPO Lot Size
Investors can bid for a minimum of 107 shares and thereafter in multiples of the specified lot size.
| Investor Category | Lots | Shares | Investment at Upper Band |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,873 |
| Retail Maximum | 13 | 1,391 | ₹1,93,349 |
| S-HNI Minimum | 14 | 1,498 | ₹2,08,222 |
| S-HNI Maximum | 67 | 7,169 | ₹9,96,491 |
| B-HNI Minimum | 68 | 7,276 | ₹10,11,364 |
About German Green Steel & Power Ltd.
German Green Steel & Power Limited is a vertically integrated steel manufacturer with operations in Gujarat. Its principal products include TMT bars, MS billets and sponge iron, along with value-added products such as cut-and-bend reinforcement bars and epoxy-coated TMT bars.
The company operates manufacturing facilities at Samakhiyali and Viramgam and has captive and renewable power capabilities supporting its manufacturing operations.
German Green Steel & Power IPO Business Strengths
- Vertically integrated steel manufacturing model.
- Presence across sponge iron, billets and TMT bars.
- Value-added products such as cut-and-bend and coated TMT bars.
- Revenue and PAT increased between FY2024 and FY2026.
- Captive and renewable power infrastructure supports manufacturing operations.
German Green Steel & Power IPO Objects of the Issue
The fresh issue proceeds are proposed to support capital expenditure, power-related projects, debt repayment/prepayment and general corporate purposes.
| Use of Funds | Amount |
|---|---|
| Fresh issue | ₹290 Cr |
| Offer for sale | ₹13.90 Cr |
German Green Steel & Power IPO Financial Performance
German Green Steel & Power reported revenue from operations of approximately ₹1,678.98 crore and PAT of ₹79.89 crore in FY2026. EBITDA rose to ₹166.96 crore from ₹116.81 crore in FY2025.
| Particulars (₹ Crore) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | 1,129.78 | 1,507.57 | 1,678.98 |
| PAT | 41.67 | 59.94 | 79.89 |
| EBITDA | 79.33 | 116.81 | 166.96 |
| Net Worth | 176.06 | 292.55 | 421.55 |
German Green Steel & Power IPO Potential Positives and Key Risks
Potential Positives
- Integrated manufacturing across key stages of steel production.
- Established TMT-bar business in Gujarat.
- Growing revenue, EBITDA and PAT over the reported three-year period.
- Captive and renewable power infrastructure.
- Fresh capital includes planned manufacturing and power-related investments.
Key Risks
- Steel demand and selling prices are cyclical and affected by construction and infrastructure activity.
- Raw-material prices can materially affect margins.
- The business is exposed to competition in the TMT and steel market.
- Manufacturing operations are concentrated in Gujarat.
- Working capital, inventory and customer concentration can affect cash flows and profitability.
German Green Steel & Power IPO Registrar & Lead Managers
IPO Registrar: Bigshare Services Pvt. Ltd.
Book Running Lead Managers:
- Systematix Corporate Services Ltd.
- Emkay Global Financial Services Ltd.
- Pantomath Capital Advisors Pvt. Ltd.
German Green Steel & Power Ltd. Contact Details
Note: The contact details should be checked against the company’s latest RHP and investor-relations disclosures before publication.
German Green Steel & Power IPO Quick Summary
German Green Steel & Power IPO opens on 25 September 2026 and closes on 29 September 2026, with a price band of ₹132 – ₹139 and a minimum lot size of 107 shares.
The total issue size is approximately ₹303.90 Crore. The issue structure is Fresh Issue + Offer for Sale.
Investors should review the company’s RHP, financial statements, risk factors and official exchange/registrar updates before making any investment decision.
German Green Steel & Power IPO FAQs
Disclaimer
This IPO information is provided solely for educational and informational purposes. IPO investments are subject to market risks, and actual listing performance may differ from expectations. Grey market premium (GMP), where mentioned on linked pages, is unofficial and may change. Investors should carefully review the company’s RHP, financial statements, risk factors and other official disclosures before making any investment decision. TradingMinds does not provide investment advice or guarantee IPO listing gains.
