German Green Steel & Power IPO Details
German Green Steel & Power IPO Summary
German Green Steel & Power IPO opens for subscription on 25 Sep 2026 and closes on 29 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 05 Oct 2026.
German Green Steel & Power IPO price band has been fixed at ₹132 – ₹139 per share. The face value is ₹10 per share with a lot size of 107.
German Green Steel & Power IPO total issue size comprises 2,18,63,309 shares (aggregating up to ₹303.90 Cr). This includes a fresh issue of 2,08,63,309 shares (aggregating up to ₹290.00 Cr). Offer for Sale consists of 10,00,000 shares (aggregating up to ₹13.90 Cr). Pre-issue shareholding stands at 5,44,85,888, which will increase to 7,53,49,197 post-issue.
German Green Steel & Power IPO carries a ₹9.5 (6.83%) GMP, reflecting investor sentiment.
German Green Steel & Power IPO Lot Size :Retail Minimum is 1 lot (107 shares) amounting to ₹14,873. Retail Maximum is 13 lots (1,391 shares) amounting to ₹1,93,349. SHNI Minimum is 14 lots (1,498 shares) amounting to ₹2,08,222. SHNI Maximum is 67 lots (7,169 shares) amounting to ₹9,96,491. BHNI Minimum is 68 lots (7,276 shares) amounting to ₹10,11,364.
German Green Steel & Power IPO Details
German Green Steel & Power IPO Subscription
German Green Steel & Power IPO Application Wise Breakup (Approx)
German Green Steel & Power IPO Dates
- 25 Sep 2026Opening dateOpen
- 29 Sep 2026Closing dateClose
- 30 Sep 2026Allotment Date Allotment
- 01 Oct 2026Initiation of RefundsRefund
- 01 Oct 2026Credit of SharesCredit
- 05 Oct 2026Listing dateListing
German Green Steel & Power IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 107 | ₹14,873 |
| Retail Maximum | 13 | 1391 | ₹1,93,349 |
| SHNI Minimum | 14 | 1498 | ₹2,08,222 |
| SHNI Maximum | 67 | 7169 | ₹9,96,491 |
| BHNI Minimum | 68 | 7276 | ₹10,11,364 |
German Green Steel & Power IPO Reservation
Promoter Holding
Documents
German Green Steel & Power IPO Valuations
German Green Steel & Power Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,220.24 | 1,015.20 | 559.73 |
| Total Income | 1,685.38 | 1,517.21 | 1,137.54 |
| Profit After Tax | 79.89 | 59.94 | 41.67 |
| EBITDA | 166.96 | 116.81 | 80.11 |
| NET Worth | 421.55 | 292.55 | 176.06 |
| Reserves and Surplus | 369.21 | 241.27 | 167.60 |
| Total Borrowing | 334.37 | 347.86 | 198.39 |
| Amount in ₹ Crore | |||
About German Green Steel & Power 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 is predominantly conducted 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.
Product Portfolio:
- TMT Bars,
- MS Billets, and
- Sponge Iron, with
- TMT bar
The company's 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.
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.
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.
As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.
Strength Of German Green Steel & Power IPO
- Vertically integrated manufacturing setup which includes captive power plant.
- 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.
Risk Of German Green Steel & Power IPO
- We derive a majority portion (50.62% in Fiscal 2026) of our revenue from operations from our top 10 customers, with our single largest customer contributing to 10.67% of our revenue from operations in Fiscal 2026. Loss of any of these customers or a reduction in purchases by any of them could adversely affect our business, results of operations and financial condition.
- Other than our sales to direct institutional customers, we rely on our dealers and distributors for the distribution of our products to end customers. A termination of our distribution arrangements or if our dealers/distributors do not effectively sell or market our products, our business, results of operations and financial condition may be adversely affected.
- Our business and profitability are substantially dependent on the availability of materials and we are dependent on third party suppliers for meeting our material requirements which are on purchase order basis. Any disruption to the timely and adequate supply of materials, or volatility in the prices of materials may adversely impact our business, results of operations and financial condition.
- The demand and pricing for our products such as TMT Bars, MS Billets and Sponge Iron are volatile and sensitive to the cyclical nature of the industries it serves and raw material prices. A decrease in TMT Bar prices may have a material adverse effect on our business, results of operations, prospects and financial condition.
- We intend to utilise the Net Proceeds for funding our capital expenditure requirements which aggregates to Rs. 22,633.05 lakhs and we are yet to place orders for certain of our capital expenditure requirements. There is no assurance that we would be able to source such capital expenditure requirements in a timely manner or at commercially acceptable prices.
- We face competition from national and local players and our inability to compete effectively may have a material adverse impact on our business, results of operations and financial condition.
- Our Manufacturing Facilities are located in Gujarat in India. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Gujarat could have an adverse effect on our business, results of operations and financial condition.
- We have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
- Our success largely depends upon the knowledge and experience of our Promoters, Directors, Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Our inability to retain our Promoters, Directors, Key Managerial Personnel and Senior Management or our ability to attract and retain other personnel with technical expertise could adversely affect our business, results of operations and financial condition.
- Our Company and our Material Subsidiary were in receipt of cease and desist notices from using certain trademarks. We may become involved in claims concerning intellectual property rights and we could suffer litigation or related expenses.
Objectives German Green Steel & Power IPO
1. Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant
2. Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company
3. General corporate purposes
Company Contact Details
German Green Steel & Power Ltd.
German House, Near Bharat Petrol Pump,
Opp. Kochrab Ashram,
Paldi
Ahmedabad, Gujarat, 380007
Phone: 380007
Email: secretarial@germansteel.in
Website: http://www.germansteel.in/
Registrar Contact Details
German Green Steel & Power FAQs
The German Green Steel & Power IPO is a MAINBOARD public issue comprising 21863309 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹303.90 Cr. The issue price has been fixed at ₹139 per equity share, and the minimum application size is 107 shares.
The IPO opens for subscription on 25 Sep 2026, and closes on 29 Sep 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹9.5 (6.83%).
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