German Green Steel IPO: Price Band, GMP, Issue Size, Lot Size, Dates and Full Details

German Green Steel & Power Limited IPO
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German Green Steel & Power Limited IPO
Iron & Steel Manufacturer · TMT Bars & MS Billets · Captive Power · Ahmedabad, Gujarat
📋 Mainline IPO Fresh + OFS NSE, BSE
₹139
Upper Price
₹303.90 Cr
Issue Size
Oct 5, 2026
Listing Date
₹757.35 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Friday, 25 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 29 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 30 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 1 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 5 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date25 September 2026 (Fri)
IPO Close Date29 September 2026 (Tue)
Listing Date5 October 2026 (Mon)
Face Value₹10 per share
Price Band₹132 to ₹139
Issue Price (Upper Band)₹139 per share
Issue TypeBook Build — Fresh + OFS
Lot Size107 shares (Min Application: 1 Lot / 107 Shares)
Total Issue Size2,18,63,309 shares (₹303.90 Cr)
Fresh Issue2,08,63,309 shares (₹290.00 Cr)
Offer for Sale (OFS)10,00,000 shares (₹13.90 Cr)
Pre-Issue Shares5,44,85,888
Post-Issue Shares7,53,49,197
Promoter Holding (Pre)96.63%
Market Cap (Pre-IPO)₹757.35 Cr
Listing ExchangeNSE, BSE
Lead ManagerSystematix Corporate Services Ltd., Emkay Global, Pantomath Capital
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹139
Investor TypeLotsSharesAmount
Retail — Minimum1107₹14,873
Retail — Maximum131,391₹1,93,349
S-HNI (sNII) — Min141,498₹2,08,222
S-HNI (sNII) — Max677,169₹9,96,491
B-HNI (bNII) — Min687,276₹10,11,364
⚠️ Note: Investors can bid for a minimum of 107 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets1,220.241,015.20559.73
Total Income1,685.381,517.211,137.54
PAT79.8959.9441.67
EBITDA166.96116.8180.11
Net Worth421.55292.55176.06
Reserves & Surplus369.21241.27167.60
Total Borrowing334.37347.86198.39
Income Growth
FY 2023–24₹1,137.54 Cr
FY 2024–25₹1,517.21 Cr
FY 2025–26₹1,685.38 Cr
🎯 Key Performance Indicators
18.86%
ROE
FY 2025–26
0.79
Debt/Equity
FY 2025–26
19.31%
ROCE
FY 2025–26
4.76%
PAT Margin
FY 2025–26
9.94%
EBITDA Margin
FY 2025–26
18.86%
RoNW
FY 2025–26
0.67x
Price/Book
FY 2025–26
77.76
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹14.66
FY26 earnings + pre-issue shares
P/E: 9.48x
Post-IPO EPS
₹10.60
FY26 earnings + post-issue shares
P/E: 13.11x
Price to Book Value
0.67x
At upper price band ₹139
Market Cap (Pre-IPO)
₹757.35 Cr
At issue price ₹139
ℹ️ Pre-IPO EPS (₹14.66) based on pre-issue shares (5,44,85,888) and FY26 restated PAT (₹79.89 Cr). Post-IPO EPS (₹10.60) accounts for the dilution resulting from the issuance of 2,08,63,309 fresh equity shares extending the total post-issue equity to 7,53,49,197 shares. Post-IPO Market Cap expands to ₹1,047.35 Cr at the upper issue price of ₹139.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant
₹226.33 Cr
2
Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company
₹7.70 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹290.00 Cr
🏢 About German Green Steel & Power Ltd.
Est. 2008 · Ahmedabad, Gujarat · Iron & Steel Manufacturer

German Green Steel and Power Limited, incorporated in 2008, is a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat. The company’s core focus revolves around the production of TMT Bars. The brand “German TMT” has established strong recognition for TMT Bars within the Gujarat market. The business is predominantly conducted on a business-to-business (B2B) basis, catering to major customer segments that include distributors, dealers, and institutional customers.

The company’s product portfolio is comprehensive, featuring TMT Bars, MS Billets, and Sponge Iron. It operates two primary manufacturing facilities in Gujarat: a vertically integrated Samakhiyali Facility and the Viramgam Facility operated through its material subsidiary, German TMX Private Limited. The company is currently executing a significant capacity expansion at its Samakhiyali Facility, targeting an increase in Sponge Iron production from 66,000 MTPA to 1,48,500 MTPA, MS billets from 2,14,500 TPA to 4,12,500 TPA, and TMT Bars from 181,500 MTPA to 346,500 MTPA. As of March 31, 2026, the company supported a robust workforce comprising 1,357 permanent employees alongside 143 contract labourers.

Brand Ecosystem
🏗️
German TMT Bars
Strong brand recognition in Gujarat, with manufacturing capabilities ranging from 8 mm to 40 mm.
⚗️
MS Billets & Sponge Iron
Integrated production elements expanding capacity significantly at the Samakhiyali plant.
🏭
Strategic Gujarat Facilities
The Samakhiyali Facility is vertically integrated and situated close to strategic ports in Gujarat.
📋
B2B Distribution Network
Operations conducted primarily on a B2B basis via distributors, dealers, and institutional clients.
Competitive Strengths
🏆Vertically integrated manufacturing setup, including captive power capacity.
📍Extensive distribution network in Gujarat anchored by long-term customer relationships.
🤝Strong brand recall driven by quality products under the “German TMT” umbrella.
📈Proven track record of growth in financial performance, with revenue expanding to ₹1,685.38 Cr in FY26.
Company Promoters
II
Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki & Ibrarulhaq Inamulhaq Iraki
Promoters, German Green Steel & Power Ltd.
Key Selling Shareholders (OFS)
Inamulhaq Shamsulhaq Iraki5,00,000 Shares (₹6.95 Cr)
Abdulhaq Shamsulhaq Iraki5,00,000 Shares (₹6.95 Cr)
📅 Key Dates
IPO Opens25 Sep 2026
IPO Closes29 Sep 2026
Allotment30 Sep 2026
Refund & Share Credit1 Oct 2026
Listing Day5 Oct 2026
💡 Quick Summary
Price Band₹132 – ₹139
Upper Price₹139 / share
Lot Size107 shares
Min. Investment (Retail)₹14,873 (1 Lot)
Issue Size₹303.90 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 8657578989 / 8069219065
[email protected]
Lead Manager
Systematix Corporate Services Ltd., Emkay Global, Pantomath Capital
📍 Registered Address
German Green Steel & Power Ltd.
German House, Near Bharat Petrol Pump,
Opp. Kochrab Ashram, Paldi,
Ahmedabad, Gujarat — 380007
📞 9723555100
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the German Green Steel IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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