German Green Steel IPO opened for subscription on September 25, 2026. German Green Steel and Power Ltd. has set the IPO price band at ₹132 to ₹139 per share. The issue size is ₹303.90 crore and the IPO will remain open until September 29, 2026.
The IPO comprises a fresh issue and an offer for sale (OFS). The tentative allotment date is September 30, 2026, while the proposed listing date is October 5, 2026.
German Green Steel IPO Key Details
| Particulars | Details |
|---|---|
| Company | German Green Steel and Power Ltd. |
| IPO Size | ₹303.90 crore |
| Price Band | ₹132-₹139 per share |
| Face Value | ₹10 per share |
| Lot Size | 107 shares |
| Minimum Investment | ₹14,873 |
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Allotment Date | September 30, 2026 |
| Listing Date | October 5, 2026 |
At the upper price band of ₹139 per share, investors need to bid for a minimum of 107 shares. The minimum investment for one lot comes to ₹14,873.
German Green Steel IPO Fresh Issue and OFS
The German Green Steel IPO comprises a total issue size of ₹303.90 crore. This includes a fresh issue of ₹290 crore and an offer for sale of ₹13.90 crore.
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The proceeds from the fresh issue are expected to meet the company’s capital expenditure requirements, including its manufacturing facility at Samakhiyali in Kutch, Gujarat, and its hybrid wind and solar power plant.
A portion of the IPO proceeds will also be utilised to prepay or repay certain outstanding borrowings.
German Green Steel IPO Subscription Status
The German Green Steel IPO received an overall subscription of 1.73 times on the first day of bidding on September 25, 2026. The QIB category was subscribed 1.32 times, while the NII category received 2.46 times subscription. Retail investors subscribed 1.65 times.
| Investor Category | Day 1 Subscription |
|---|---|
| QIB | 1.32x |
| NII | 2.46x |
| Retail Investors | 1.65x |
| Total | 1.73x |
The subscription figures are based on the information available on September 25, 2026. Subscription numbers can change during the IPO period as investors continue to place bids.
What Does German Green Steel and Power Do?
German Green Steel and Power Ltd. is engaged in the business of iron and steel manufacturing. The company operates manufacturing facilities in Gujarat and focuses on products such as TMT bars, MS billets and sponge iron.
The company manufactures TMT bars in sizes ranging from 8 mm to 40 mm. Its manufacturing facilities are located at Samakhiyali and Viramgam in Gujarat.
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The company sells its products through distributors, dealers and institutional customers.
German Green Steel Financial Performance
German Green Steel and Power Ltd. reported growth in its financial performance in FY2026. As per the available information, the company’s total income grew from ₹1,517 crore in FY2025 to ₹1,685 crore in FY2026.
During the same period, profit after tax increased from ₹60 crore to ₹80 crore.
Investors should consider the company’s financial performance, IPO proceeds, issue size and official offer documents before making investment decisions. Investment in an IPO is subject to market risks, and subscription figures or grey market premiums do not guarantee listing performance.
FAQ:
| Question | Answer |
|---|---|
| When did the German Green Steel IPO open? | The German Green Steel IPO opened for subscription on September 25, 2026. |
| When will the German Green Steel IPO close? | The IPO is due to close on September 29, 2026. |
| What is the German Green Steel IPO price band? | The IPO price band is ₹132 to ₹139 per share. |
| What is the German Green Steel IPO lot size? | The IPO lot size is 107 shares. |
| What is the minimum investment in the German Green Steel IPO? | At the upper price band of ₹139, the minimum investment for one lot is ₹14,873. |
| What is the total size of the German Green Steel IPO? | The total issue size is ₹303.90 crore. |
| When is the German Green Steel IPO allotment? | The tentative allotment date is September 30, 2026. |
| When will German Green Steel shares be listed? | The tentative listing date is October 5, 2026. |
