German Green Steel IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.38 | 1.40 | 21.91 |
| NII | 2.17 | 8.22 | 56.77 |
| bNII | 2.19 | 6.82 | 56.78 |
| sNII | 2.12 | 11.01 | 56.73 |
| RII | 1.59 | 6.47 | 23.98 |
| Total | 1.65 | 5.39 | 30.42 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The German Green Steel IPO minimum market lot is 107 shares with âč14,873 application amount. The German Green Steel IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Business Overview
German Green Steel and Power, founded in 2008, is one of the leading iron and steel manufacturers with a strong presence in Gujarat. Its product range includes TMT Bars, MS Billets, and Sponge Iron, with TMT bar. The firm mainly sells its products on a B2B basis. Its three main types of customers are Distributors, Dealers, and Institutional customers.
Moreover, the brand German TMT has maintained its strong presence in TMT Bars in Gujarat. German Green operates 2 manufacturing facilities: one is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat. Furthermore, the firm is planning to expand the existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
German Green Steel IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
German Green Steel IPO Review and Rating
- May Apply For Long-term View
German Green Steel IPO Form
How to apply for the German Green Steel IPO? You can apply for German Green Steel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the German Green Steel IPO in the Invest section. The other option is you can apply for German Green Steel IPO via IPO forms downloaded online. Check out the German Green Steel forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
