IPO Details

German Green Steel & Power Limited IPO

German Green Steel & Power Limited logo
Mainboard IPO
₹14,124

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

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 NameGerman Green Steel & Power Limited
IPO TypeMainboard IPO
Price Band₹132 – ₹139
Lot Size107 Shares
Total Issue Size2,18,63,309 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 Date25 Sep 2026
IPO Close Date29 Sep 2026
Basis of Allotment30 Sep 2026
Refund Initiation01 Oct 2026
Demat Credit Date01 Oct 2026
Listing Date05 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 QuotaNot more than 50% of the Offer
Retail QuotaNot less than 35% of the Offer
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1 Lot107₹14,873
Retail Maximum13 Lots1391₹1,93,349
S-HNI Minimum14 Lots1498₹2,08,222
S-HNI Maximum67 Lots7169₹9,96,491
B-HNI Minimum68 Lots7276₹10,11,364

Key Performance Indicators (KPI)

ROE18.86%
ROCE19.31%
RoNW-
PAT Margin4.76%
EBITDA Margin9.94%
EPS₹14.66 (Pre-IPO), ₹10.60 (Post-IPO)
NAV per share-
Debt to Equity0.79
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
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 RateNot Available
Subject to SaudaNot Available
Last Updated22 Sep 2026
Estimated Listing Price₹153 (approx. 10% premium over upper price band)

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: https://www.bigshareonline.com

IPO Lead Manager(s)

Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd., Pantomath Capital Advisors Pvt. Ltd.

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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