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Latest GMP
- Lead Manager
- Systematix Corporate Services Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
- 25th Sep 2026
- IPO Close Date
- 29th Sep 2026
- Allotment date
- 30th Sep 2026
- Listing date
- 5th Oct 2026
- Issue Size
- ₹ 290 Cr.
- Issue Price Band
- ₹ 132 to 139
- Lot Size
- 107 Share
- Minimum Investment
- ₹ 14873
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About German Green Steel and Power Limited
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 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
- Sponge Iron
With manufacturing capabilities ranging from 8 mm to 40 mm.
Manufacturing Facilities & Capacity Expansion
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:
- Samakhiyali Facility, which is vertically integrated
- Viramgam Facility, operated through its material subsidiary, German TMX Private Limited
They are currently in the process of expanding:
- Installed capacity of Sponge Iron at the 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
- Existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA
Sales & Distribution
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.
Workforce
As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 45,78,030 (28.50%) | 61,12,482 | 1.34 |
| NII | 34,45,455 (21.45%) | 2,69,54,156 | 7.82 |
| bNII (> ₹10L) | 22,96,970 (14.30%) | 1,49,14,944 | 6.49 |
| sNII (< ₹10L) | 11,48,485 (7.15%) | 1,20,39,212 | 10.48 |
| Retail | 80,39,394 (50.05%) | 4,94,46,840 | 6.15 |
| Total | 1,60,62,879 (100.00%) | 8,25,13,478 | 5.14 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 28-09-2026 | ₹139 | ₹29 | ₹168 ( 20.86% ) | ₹3,103.00 | 28-Sep-2026 09:59 AM |
| 26-09-2026 | ₹139 | ₹25 | ₹164 ( 17.99% ) | ₹2,675.00 | 26-Sep-2026 09:48 AM |
| 25-09-2026 | ₹139 | ₹28 | ₹167 ( 20.14% ) | ₹2,996.00 | 25-Sep-2026 05:34 PM |
| 24-09-2026 | ₹139 | ₹28.5 | ₹167.5 ( 20.50% ) | ₹3,049.50 | 24-Sep-2026 06:20 PM |
| 23-09-2026 | ₹139 | ₹15 | ₹154 ( 10.79% ) | ₹1,605.00 | 23-Sep-2026 10:14 AM |
| 22-09-2026 | ₹139 | ₹0 | ₹139 ( 0.00% ) | ₹0.00 | 22-Sep-2026 03:33 PM |
Financials of German Green Steel and Power Limited
A quick overview of the key Financial Performance of German Green Steel and Power Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 11%, Profit after Tax (PAT) increased by 33%, Total Assets increased by 20% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,129.78 | 1,507.57 | 1,678.98 |
| Assets | 559.73 | 1,015.20 | 1,220.24 |
| Total Income | 1,137.54 | 1,517.21 | 1,685.38 |
| Profit After Tax | 41.67 | 59.94 | 79.89 |
| EBITDA | 79.33 | 116.81 | 166.96 |
| Net Worth | 176.06 | 293.91 | 423.70 |
| Reserves & Surplus | 167.60 | 239.90 | 367.06 |
| Total Borrowings | 198.39 | 347.86 | 334.37 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
107
₹ 14,873
Retail (Max)
13
1,391
₹ 1,93,349
S-HNI (Min)
14
1,498
₹ 2,08,222
S-HNI (Max)
67
7,169
₹ 9,96,491
B-HNI (Min)
68
7,276
₹ 10,11,364
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹ 14,873 |
| Retail (Max) | 13 | 1,391 | ₹ 1,93,349 |
| S-HNI (Min) | 14 | 1,498 | ₹ 2,08,222 |
| S-HNI (Max) | 67 | 7,169 | ₹ 9,96,491 |
| B-HNI (Min) | 68 | 7,276 | ₹ 10,11,364 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 18.86 |
| ROCE (%) | 19.31 |
| Debt / Equity | 0.79 |
| RoNW (%) | 18.86 |
| PAT Margin (%) | 4.76 |
| EBITDA Margin (%) | 9.94 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
14.91
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
96.63
-
|
IPO Lead Manager(s)
Lead Manager Details
- Systematix Corporate Services Limited
- Contact Person: Kuldeep Singh / Sagar Purandare
- SEBI Registration Number: INM000004224
- Investor Grievance Email: investor@systematixgroup.in
- Website: https://www.systematixgroup.in
- Email: ggspl.ipo@systematixgroup.in
- Phone: +91 22 6704 8000
- Address: The Capital, A-Wing, No. 603-606, 6th Floor, Plot No. C-70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India
Lead Manager Details
- Emkay Global Financial Services Limited
- Contact Person: Deepak Yadav / Pooja Sarvankar
- SEBI Registration Number: INM000011229
- Investor Grievance Email: ibg@emkayglobal.com
- Website: https://www.emkayglobal.com
- Email: ggsapl.ipo@emkayglobal.com
- Phone: +91 22 6612 1212
- Address: 7th Floor, The Ruby, Senapati Bapat Marg, Dadar (West), Mumbai-400028, Maharashtra, India
Lead Manager Details
- Pantomath Capital Advisors Private Limited
- Contact Person: Kaushal Patwa
- SEBI Registration Number: INM000012110
- Investor Grievance Email: investors@pantomathgroup.com
- Website: https://www.pantomathcapital.com
- Email: german.ipo@pantomathgroup.com
- Phone: 1800 889 8711
- Address: Pantomath Nucleus House, Saki Vihar Road, Andheri (East), Mumbai-400072, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91 22 6263 8200
- Contact Person
- Babu Rapheal
- SEBI Registration Number
- INR000001385
- Address
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- German Green Steel and Power Limited
- Phone
- +91 7211133101 / 9723555100
- Contact Person
- Mansuri Abira Idris
- Corporate Identity Number
- U27100GJ2008PLC054437
- Address
- German House, Near Bharat Petrol Pump, Opp. Kochrab Ashram, Paldi, Ahmedabad-380007, Gujarat, India
- Website
- https://www.germansteel.in/
German Green Steel and Power Limited FAQs
