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German Green Steel Power IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 5 Oct 2026
· updated 1 month ago
Price band
₹132 – 139
GMP
+₹9.5
Est. listing price₹148.5
Est. listing gain6.83%
Issue size₹303.9 Cr
German Green Steel Power IPO Details
Open DateFri, 25 Sep 2026
Close DateTue, 29 Sep 2026
Listing DateMon, 5 Oct 2026
Listing AtBSE, NSE
Price Band₹132 – 139 per share
Lot SizeAwaited
Min. InvestmentAwaited
Issue Size₹303.9 Cr
German Green Steel Power IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Fri, 25 Sep
IPO Closes
Tue, 29 Sep
Basis of Allotment
Wed, 30 Sep
Tentative
Refunds Initiated
Thu, 1 Oct
Tentative
Shares Credited to Demat
Thu, 1 Oct
Tentative
Listing Date
Mon, 5 Oct
German Green Steel Power IPO GMP Today
All IPO GMP
GMP today
+₹9.5
Est. listing price
₹148.5
Est. gain %
6.83%
Est. profit / lot
—
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
German Green Steel Power IPO GMP Trend
28 Sep – 5 Oct · ₹-15.5| Date | GMP | Est. listing |
|---|---|---|
| Mon, 5 Oct | +₹9.5 | ₹148.5 |
| Sun, 4 Oct | +₹10.5 | ₹149.5 |
| Sat, 3 Oct | +₹10.5 | ₹149.5 |
| Fri, 2 Oct | +₹13.5 | ₹152.5 |
| Thu, 1 Oct | +₹13.5 | ₹152.5 |
| Wed, 30 Sep | +₹13 | ₹152 |
| Tue, 29 Sep | +₹13 | ₹152 |
German Green Steel Power IPO Subscription Status
As of 29 Sep, 7:00 PM
Retail (RII)
22.83x
NII / HNI
54.03x
bHNI (>₹10L)
54.05x
sHNI (₹2–10L)
54.00x
QIB
20.93x
Total
28.98x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
German Green Steel Power IPO Listing Price & Gain
Issue price₹139
Listing price (NSE)₹142
Listing gain+2.16%
Listing-day close₹128.33 (-7.7%)
The last GMP before listing (₹10.5) pointed to about ₹149.5; the shares opened 5.4 points below that estimate. How accurate is GMP?
German Green Steel Power IPO Allotment Status
The registrar for this IPO is Bigshare Services. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
German Green Steel Power IPO analysis: what the numbers say
German Green Steel Power is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited. The issue size is ₹303.9 Cr.
Revenue rose from ₹1,137.54 Cr in FY24 to ₹1,685.38 Cr in FY26, a compound annual growth of 21.7%. Profit after tax grew from ₹41.67 Cr to ₹79.89 Cr. That is a net profit margin of 4.7% in FY26. Borrowings were 0.79 times net worth at the end of FY26.
The issue closed subscribed 28.98x overall (QIB 20.93x, NII 54.03x and retail 22.83x). German Green Steel Power listed at ₹142 on 5 Oct 2026, +2.2% against the issue price of ₹139. The last GMP before listing had pointed to about ₹149.5, so it opened 5.4 points below the grey market estimate. It closed the first day at ₹128.33 (-7.7%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Objects of the German Green Steel Power IPO
- Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and a hybrid wind and solar power plant. ~ Rs. 226.33 Cr.
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company. ~ Rs. 7.70 Cr.
- General Corporate Purposes.
German Green Steel Power IPO Strengths & Risks
Strengths
- Vertically integrated manufacturing setup, including captive power capacity
- Extensive distribution network in Gujarat with long-term customer relationships
- Experienced promoters supported by a strong management and execution team
- Strong brand recall driven by quality products.
Risks
- Challenges in logistics and transportation infrastructure, including high logistics costs.
- High energy consumption in steel production and rising environmental concerns over its significant carbon emissions.
- Limited adoption of advanced technologies and automation.
German Green Steel Power Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 1,137.54 | 1,517.21 | 1,685.38 |
| Profit after tax | 41.67 | 59.94 | 79.89 |
| Net worth | 176.06 | 292.55 | 421.55 |
| Total assets | 559.73 | 1,015.2 | 1,220.24 |
| Total borrowings | 198.39 | 347.86 | 334.37 |
| PAT margin | 3.66% | 3.95% | 4.74% |
German Green Steel Power Key Performance Indicators (KPIs)
ROE18.86%
ROCE19.31%
RoNW18.86%
Debt / Equity0.79
About German Green Steel Power IPO
German Green Steel Power is a mainboard IPO worth ₹303.9 crore with a price band of ₹132 – 139 per share. The issue opens on 25 September 2026 and closes on 29 September 2026. Shares are expected to list on 5 October 2026 on BSE, NSE.
German Green Steel & Power IPO is a mainboard issue of Rs. 303.90 Cr (2.18 crore shares) by German Green Steel & Power Limited, an iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat and a focus on TMX Bars.
The company predominantly conducts business on a business-to-business basis with three (3) major types of customers, namely (i) distributors, (ii) dealers, and (iii) institutional customers. The brand “German TMT” has established strong recognition for TMT Bars in Gujarat.
The company's manufacturing capabilities range from 8 mm to 40 mm. The company operates two manufacturing facilities in Gujarat: the Samakhiyali Facility, which is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited.
They are currently in the process of expanding the installed capacity of Sponge Iron at their Samakhiyali Facility from 66,000 MTPA to approximately 1,48,500 MTPA, MS billets production capacity from 2,14,500 TPA to 4,12,500 TPA and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
German Green Steel Power IPO: FAQs
What is the subscription status of German Green Steel Power IPO?
The issue closed subscribed 28.98x overall (QIB 20.93x, NII 54.03x and retail 22.83x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of German Green Steel Power IPO?
German Green Steel Power listed at ₹142 on 5 Oct 2026, +2.2% against the issue price of ₹139. The last GMP before listing had pointed to about ₹149.5, so it opened 5.4 points below the grey market estimate. It closed the first day at ₹128.33 (-7.7%).
What is the price band of German Green Steel Power IPO?
The German Green Steel Power IPO price band is ₹132 – 139 per share and the issue size is ₹303.9 crore.
When does German Green Steel Power IPO open and close?
German Green Steel Power IPO opens for subscription on Friday, 25 September 2026 and closes on Tuesday, 29 September 2026. Bids are accepted until 5 PM on the closing day.
What is the German Green Steel Power IPO allotment date?
The basis of allotment for German Green Steel Power IPO is expected to have been finalised on Wednesday, 30 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check German Green Steel Power IPO allotment status?
Visit the website of the registrar, Bigshare Services, select German Green Steel Power IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is German Green Steel Power IPO listing date?
German Green Steel Power shares listed on BSE, NSE on Monday, 5 October 2026 at ₹142 per share.
Is German Green Steel Power a mainboard or SME IPO?
German Green Steel Power is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 5 Oct 2026, 7:07 AM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.