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German Green Steel and Power Limited

MainboardlistedNSE · BSE
25 Sep 2026 – 29 Sep 2026
LISTED
Offer Price
₹132–139
Bid lot
107
Min Application
₹14,873
Issue Size
₹304 Cr

Key dates

Open date
25 Sep 2026
Done
Close date
29 Sep 2026
Done
Basis of allotment
30 Sep 2026
Done
Initiation of refunds
30 Sep 2026
Done
Credit to demat
30 Sep 2026
Done
Listing date
05 Oct 2026
Done

Issue reservation

₹304 Cr
QIB 50%10%5%Retail 35%
QIB
1.09 Cr sh · ₹152.00 Cr
50%
HNI (10L+)
21.9 L sh · ₹30.40 Cr
10%
HNI (2-10L)
10.9 L sh · ₹15.20 Cr
5%
Retail
76.5 L sh · ₹106.40 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
71,515 forms
S-HNI (₹2–10L)
730 forms
B-HNI (>₹10L)
300 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Systematix Corporate Services Limited · Emkay Global Financial Services Limited

Lot ladder — how much to bid

1 lot = 107 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
107 sh · ₹14,873
Max · 13 lots
1,391 sh · ₹1,93,349
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
1,498 sh · ₹2,08,222
Max · 67 lots
7,169 sh · ₹9,96,491
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
7,276 sh · ₹10,11,364
Entry point
₹10,11,364 onward

Issue details

Lead managersSystematix Corporate Services Limited, Emkay Global Financial Services Limited
Fresh issue2,08,63,309 sh · ₹290 Cr
Offer for sale10,00,000 sh · ₹14 Cr
Face value₹10
Listing onNSE · BSE
RegistrarBigshare Services Pvt.Ltd.
Live subscription
FinalUpdated 29 Sep 2026
30.42×
0×1×2×3×+
Heavily subscribed
Book₹212.73 Cr
Subscribed₹6,470 Cr
Applications17,73,403

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
43,72,664₹60.78 Cr
9,58,05,874₹1,332 Cr
21.91×
HNI
32,79,496₹45.58 Cr
18,61,63,094₹2,588 Cr
56.77×
HNI (10L+)
21,86,331₹30.39 Cr
12,41,43,647₹1,726 Cr
56.78×
HNI (2-10L)
10,93,165₹15.19 Cr
6,20,19,447₹862.07 Cr
56.73×
Retail
76,52,158₹106.36 Cr
18,35,19,231₹2,551 Cr
23.98×
Total
1,53,04,318₹212.73 Cr
46,54,88,199₹6,470 Cr
30.42×

*QIB Book Size EXCLUDES the anchor portion of 65,58,991 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)30016,76655.89×
HNI (2-10L)73040,34055.26×
Retail71,51515,51,47821.69×

Total applications: 16,08,584

Subscription Demand

in ₹ crore
CategoryApplied
QIB1331.70
HNI2587.67
HNI (10L+)1725.60
HNI (2-10L)862.07
Retail2550.92
Total6470.29

Amounts at the upper band (₹139). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

1,220.24

1,015.20

559.73

Total Income

1,685.38

1,517.21

1,137.54

PAT

79.89

59.94

41.67

Net Worth

421.55

292.55

176.06

Reserves & Surplus

369.21

241.27

167.6

Total Borrowing

334.37

347.86

198.39

Objects of the issue
  • Plant & Power Expansion: ₹226.33 Cr for Samakhiyali facility and hybrid wind-solar plant.

  • Debt Repayment: ₹7.70 Cr for repayment/prepayment of borrowings.

  • General Corporate Purposes: Balance proceeds for business needs.

About the company

Established in 2008, German Green Steel and Power Limited is a Gujarat-based iron and steel manufacturer with a strong presence across western India. The company manufactures TMT Bars, MS Billets and Sponge Iron, with TMT Bars marketed under its established “German TMT” brand.

The company follows a predominantly B2B business model, serving distributors, dealers and institutional customers. It operates manufacturing facilities at Samakhiyali and Viramgam, Gujarat, with the Samakhiyali unit being vertically integrated. The company is also undertaking capacity expansion across Sponge Iron, MS Billets and TMT Bars.

As of March 31, 2026, the company had 1,357 employees, along with 143 contract labourers.

Company strengths

  • Integrated manufacturing setup with captive power capabilities

  • Strong Gujarat distribution network and established customer relationships

  • Experienced promoters and management team with strong execution capabilities

  • Established brand presence backed by product quality

  • Consistent financial growth track record

Promoters

Inamulhaq Shamsulhaq IrakiAbdulhaq Shamsulhaq IrakiIbrarulhaq Inamulhaq Iraki

Registered office & contact

German Green Steel & Power Limited

Address - German House, Near Bharat Petrol Pump,

Opp. Kochrab Ashram,

Paldi

Ahmedabad, Gujarat, 380007

📞 9723555100

✉️ secretarial@germansteel.in

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the German Green Steel and Power Limited IPO?

One lot of 107 shares — ₹14,873 at the upper price band of ₹139.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-05 on NSE / BSE.

₹132–139
Applications are closed.