German Green Steel IPO Details
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Face Value | â‚ą10 Per Equity Share |
| IPO Price Band | â‚ą132 to â‚ą139 Per Share |
| Issue Size | Approx â‚ą304 Crores |
| Fresh Issue | Approx â‚ą290 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
German Green Steel IPO Market Lot
The German Green Steel IPO minimum market lot is 107 shares with â‚ą14,873 application amount. The retail investors can apply up-to 13 lots with 1391 shares of â‚ą1,93,349 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 107 | â‚ą14,873 |
| Retail Maximum | 13 | 1391 | â‚ą1,93,349 |
| S-HNI Minimum | 14 | 1498 | â‚ą2,08,222 |
| S-HNI Maximum | 67 | 7169 | â‚ą9,96,491 |
| B-HNI Minimum | 68 | 7276 | â‚ą10,11,364 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 65,58,991 Shares | 30% |
| QIB (Ex. Anchor) | 43,72,664 Shares | 20% |
| NII Shares Offered | 32,79,496 Shares | 15% |
| Retail Shares Offered | 76,52,158 Shares | 35% |
German Green Steel IPO Anchor Investors
| Anchor Bidding Date | September 24, 2026 |
| Anchor Investors List | |
| Shares Offered | 65,58,991 Shares |
| Anchor Size | 91.17 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 30, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 29, 2026 |
German Green Steel IPO Dates
The German Green Steel IPO date is September 25 and the close date is September 29. The German Green Steel IPO allotment will be finalized on September 30 and the IPO listing on October 5.
| IPO Open Date: | September 25, 2026 |
| IPO Close Date: | September 29, 2026 |
| Basis of Allotment: | September 30, 2026 |
| Refunds: | October 1, 2026 |
| Credit to Demat Account: | October 1, 2026 |
| IPO Listing Date: | October 5, 2026 |
Promoters and Holding Pattern
The promoters of the company are Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 5,26,47,888 | 96.63% | 51,647,888 | 68.54% |
| Others* | 18,38,000 | 3.37% | 23,701,309 | 31.46% |
| Total | 5,44,85,888 | 100% | 75,349,197 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant | â‚ą226.33 |
| Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | â‚ą7.70 |
| General Corporate Purposes | â‚ą- |
About German Green Steel
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.
Company Financials
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | â‚ą1,137.54 | â‚ą1,082.15 | â‚ą41.67 | â‚ą559.73 |
| 2025 | â‚ą1,517.21 | â‚ą1,438.16 | â‚ą59.94 | â‚ą1,015.20 |
| 2026 | â‚ą1,685.38 | â‚ą1,575.57 | â‚ą79.89 | â‚ą1,220.24 |
Company Valuation – FY2026
Check German Green Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 18.86% |
| ROCE: | 19.31% |
| EBITDA Margin: | 9.94% |
| PAT Margin: | 4.76% |
| Debt to equity ratio: | 0.79 |
| Earning Per Share (EPS): | â‚ą14.91 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.86% |
| Net Asset Value (NAV): | â‚ą77.76 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Beekay Steel Industries Ltd | 18.94 | 22.54 | 3.49% | 548.18 | 1196.94 Cr. |
| Gallant Ispat Limited | 20.07 | 27.80 | 14.60% | 137.44 | 4478.52 Cr. |
| Kamdhenu Limited | 2.78 | 14.57 | 19.77% | 14.06 | 774.70 Cr. |
| MSP Steel & Power Limited | 0.60 | 61.57 | 3.28% | 18.18 | 2846.04 Cr. |
| VMS TMT Limited | 4.95 | 8.92 | 9.22% | 45.97 | 840.20 Cr. |
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Ltd.
- Emkay Global Financial Services Ltd.
- Pantomath Capital Advisors Pvt.Ltd.
Company Address
German Green Steel & Power Ltd.
German House, Near Bharat Petrol Pump,
Opp. Kochrab Ashram,
Paldi
Ahmedabad, Gujarat, 380007
Phone: 9723555100
Email: [email protected]
Website: https://www.germansteel.in/
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The German Green Steel IPO price band and date are officially announced. The (German Green Steel IPO grey market premium) will be added to the IPO GMP page as it will start).
