German Green Steel & Power Shares List at 3% Premium on NSE
German Green Steel & Power made its stock market debut on Monday, October 5, 2026, with its shares listing at a 3% premium to the IPO issue price on the NSE. The stock opened at ₹142 per share, compared with the issue price of ₹139. On the BSE, German Green Steel & Power shares began trading at ₹143.50, marking a 3.24% premium.
The ₹303.90 crore IPO was open for subscription between September 25 and September 29, 2026, and ended with an overall subscription of 28.98 times.
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
Explore other Upcoming IPOs on BSE and NSE.
German Green Steel & Power IPO Overall Subscription Status
[September 29, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
20.93x |
|
Non-Institutional Investors (NIIs) |
54.03x |
|
Retail Individual Investors (RIIs) |
22.83x |
|
Total |
28.98x |
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
Established in 2008, German Green Steel & Power Limited is a Gujarat-based integrated steel manufacturer producing TMT bars, MS billets and sponge iron. Its manufacturing facilities in Samakhiyali and Viramgam are operated through its subsidiary, German TMT Private Limited.
The company also offers value-added products such as cut-and-bend and epoxy-coated TMT bars and plans to expand into stainless steel round bars and corrosion-resistant TMT bars. Its facilities have received 4-star and 5-star Green Steel certifications for sustainable manufacturing practices.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,678.98 |
1,507.571 |
1,129.78 |
|
EBITDA |
166.96 |
116.81 |
793.33 |
|
Profit After Tax (PAT) |
79.88 |
59.94 |
41.66 |
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