
Minimum Investment
About Company
Company Name: German Green Steel & Power Limited
Industry / Sector: Iron & Steel Products / TMT Bars Manufacturing
Founded Year: July 2008
Promoters: Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki, Ibrarulhaq Inamulhaq Iraki
German Green Steel and Power Limited is a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat and a focus on TMT Bars. The company operates predominantly on a business-to-business basis with three major types of customers: distributors, dealers, and 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 corporate and registered office is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat. 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. The company is currently expanding the installed capacity of Sponge Iron at its 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 1,81,500 MTPA to 3,46,500 MTPA. As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.
IPO Basic Details
| Company Name | German Green Steel & Power Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹132 – ₹139 |
| Lot Size | 107 Shares |
| Total Issue Size | 2,18,63,309 Equity Shares (₹303.90 Cr) |
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
- Track record of growth in financial performance
- Green Steel certifications (4-star and 5-star ratings for TMT bars)
Risks
- The company relies on third-party suppliers for raw materials
- The company's business is concentrated in the western region of India, particularly Gujarat
- The company operates in a highly competitive industry
- The company is subject to stringent environmental regulations
IPO Important Dates
| IPO Open Date | 25 Sep 2026 |
| IPO Close Date | 29 Sep 2026 |
| Basis of Allotment | 30 Sep 2026 |
| Refund Initiation | 01 Oct 2026 |
| Demat Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Offer |
| Retail Quota | Not less than 35% of the Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 107 | ₹14,873 |
| Retail Maximum | 13 Lots | 1391 | ₹1,93,349 |
| S-HNI Minimum | 14 Lots | 1498 | ₹2,08,222 |
| S-HNI Maximum | 67 Lots | 7169 | ₹9,96,491 |
| B-HNI Minimum | 68 Lots | 7276 | ₹10,11,364 |
Key Performance Indicators (KPI)
| ROE | 18.86% |
| ROCE | 19.31% |
| RoNW | - |
| PAT Margin | 4.76% |
| EBITDA Margin | 9.94% |
| EPS | ₹14.66 (Pre-IPO), ₹10.60 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.79 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹1,220.24 Cr | ₹1,685.38 Cr | ₹79.89 Cr | ₹166.96 Cr | ₹421.55 Cr | ₹334.37 Cr |
| FY2025 | ₹1,015.20 Cr | ₹1,517.21 Cr | ₹59.94 Cr | ₹116.81 Cr | ₹292.55 Cr | ₹347.86 Cr |
| FY2024 | ₹559.73 Cr | ₹1,137.54 Cr | ₹41.67 Cr | ₹80.11 Cr | ₹176.06 Cr | ₹198.39 Cr |
Grey Market Premium
| GMP Price | ₹14 (as of 22 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 22 Sep 2026 |
| Estimated Listing Price | ₹153 (approx. 10% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: German House, Near Bharat Petrol Pump, Opp. Kochrab Ashram, Paldi, Ahmedabad, Gujarat - 380007
Website: https://www.germansteel.in
Email: secretarial@germansteel.in
Phone: 9723555100
IPO Documents
Frequently Asked Questions (FAQ)
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