German Green Steel and Power Limited - IPO

Incorporated in 2008, German Green Steel and Power Limited is 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 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 product portfolio comprises TMT Bars, MS Billets, and Sponge Iron, with TMT bar manufacturing capabilities ranging 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.

For the nine months ended December 31, 2024, the majority of sales were generated through a network of distributors and dealers. Business operations are predominantly conducted on a business-to-business basis, catering to three primary customer segments: distributors, dealers, and institutional customers. These intermediaries supply products to builders and contractors.

The brand “German TMT” has established strong recognition for TMT Bars in Gujarat. Over the years, the company has focused on innovation across products and processes while maintaining consistent quality standards.

The manufacturing facilities maintain a range of quality management system certifications, including ISO 9001:2015 for quality management, ISO 45001:2018 for occupational health and safety, and ISO 14001:2015 for environmental management.

Competitive 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