German Green Steel & Power IPO Day 2: Subscription Status, Timeline & Key Issue Details

German Green Steel & Power's ₹303.90 crore initial public offering (IPO) entered its second day of  public subscription today, September 28, 2026, with a price band of ₹132 to ₹139 per share. As of 10:05 A.M on the second day of bidding, the issue had been subscribed 2.31 times.

The IPO will remain open until September 29, 2026. The basis of allotment is expected to be finalised on September 30, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on October 5 , 2026.

German Green Steel & Power IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹303.90 crore
• Fresh Issue: Up to ₹290.00 crore 
• Offer for Sale (OFS): Up to ₹13.90 crore
• Face Value: ₹1 per equity share
• Price Band: ₹132 to ₹139 per share
• Lot Size: 107 shares
• Minimum Investment Amount (Retail Investor): ₹14,873 (107 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Systematix Corporate Services Limited, Emkay Global Financial Services Limited, Pantomath Capital Advisors Private Limited
• Registrar: Bigshare Services Private Limited

German Green Steel & Power IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

German Green Steel & Power IPO Day 2 Subscription Status

[September 28, 2026, 10:05 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding the capital expenditure requirements of the company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (“Project”)
• Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company 
• General corporate purposes.

About German Green Steel & Power Limited

Incorporated in 2008, German Green Steel & Power Limited is a Gujarat-based, vertically integrated steel manufacturer focused on TMT bars and other long steel products. The company operates manufacturing facilities in Samakhiyali and Viramgam (through its subsidiary, German TMT Private Limited), producing TMT bars, MS billets, and sponge iron using recycled steel scrap.

The company has expanded into value-added products such as cut-and-bend bars and epoxy-coated TMT bars, with plans to introduce stainless steel round bars and corrosion-resistant TMT bars. Its manufacturing facilities have also been awarded 4-star and 5-star Green Steel certifications for sustainable steel production.

Key Financial Highlights 

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