German Green Steel(C)Mainboard
German Green Steel and Power Ltd, founded in 2008, is a leading iron and steel manufacturer in Gujarat, producing TMT Bars, MS Billets, and Sponge Iron primarily sold on a B2B basis to dealers, distributors, and institutional customers.
Price Band
₹139 - ₹139
Lot Size
107 Shares
Issue Size
₹304.00 Cr
Fresh Issue
₹290.00 Cr
OFS
₹14.00 Cr
Registrar
AI Sentiment Score
Current GMP
+₹14
Est. Listing: ₹153 (+9.7%)
📅 IPO Timeline
✓
Open
Sep 25, 2026
✓
Close
Sep 29, 2026
✓
Allotment
Sep 30, 2026
✓
Refund
Oct 1, 2026
5
Demat
Oct 1, 2026
6
Listing
Oct 5, 2026
✨ AI Analysis & Prediction
+7.3%
predicted listing gain
German Green Steel & Power Ltd is a well-established manufacturer of TMT bars, MS billets, and sponge iron based in Gujarat. The IPO is backed by strong financial growth, robust subscription numbers across all categories (total subscription 30.42x), and a healthy mix of fresh issue proceeds directed toward capex expansion.
💪 Strengths
- Strong regional market presence in Gujarat for TMT bars and steel products
- Consistent growth in revenue and PAT over the last three fiscals
- High subscription demand across institutional and non-institutional categories
⚠️ Weaknesses
- Cyclical nature of the iron and steel industry
- Working capital intensive operations with moderate debt-to-equity ratio
🚀 Opportunities
- Expansion of TMT Bar production capacity at the Samakhiyali facility
- Integration of hybrid wind and solar power plant to reduce energy costs
🛡️ Threats
- Fluctuations in raw material prices (iron ore, coal, scrap)
- Intense competition from established listed peers in the steel sector
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant | ₹226.33 |
| Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹7.70 |
| General Corporate Purposes | ₹69.97 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 1,137.54 Cr | Rs 1,517.21 Cr | Rs 1,685.38 Cr |
| Net Profit / PAT (₹ Cr) | Rs 41.67 Cr | Rs 59.94 Cr | Rs 79.89 Cr |
| Total Assets (₹ Cr) | Rs 559.73 Cr | Rs 1,015.20 Cr | Rs 1,220.24 Cr |
| ROE % | 18.86% | 18.86% | 18.86% |
| ROCE % | 19.31% | 19.31% | 19.31% |
| Debt / Equity | 0.79 | 0.79 | 0.79 |
📋 Live Subscription Status
QIB
21.91x
NII
56.73x
Retail
23.98x
Total
30.42x
Updated: Oct 2, 2026 6:36 PM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company operates two manufacturing facilities in Gujarat (Ahmedabad and Samakhiyali) and is expanding its TMT bar production capacity at the Samakhiyali facility from 181,500 MTPA to 346,500 MTPA. Financials demonstrate steady top-line and bottom-line expansion backed by solid operational efficiency, with an ROCE of 19.31% and ROE of 18.86%.
The ₹304.0 crore mainboard IPO comprises a fresh issue of ₹290 crores and an OFS of up to 10,00,000 equity shares, priced in the band of ₹132 to ₹139 per share. Subscription demand is robust with QIB at 21.91x, NII at 56.73x, and Retail at 23.98x. The issue size provides ample float with strong institutional backing.