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Iron & Steel · Listed on BSE , NSE · 25 Sept 2026 - 29 Sept 2026
Jagat JoshiGerman 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.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 05-Oct-2026 06:00 PM | +₹10 | ₹149 | +7.19% | ₹1,070 |
| 03-Oct-2026 06:00 PM | +₹12 | ₹151 | +8.63% | ₹1,284 |
| 02-Oct-2026 06:00 PM | +₹14 | ₹153 | +10.07% | ₹1,498 |
| 01-Oct-2026 06:00 PM | +₹13 | ₹152 | +9.35% | ₹1,391 |
| 30-Sep-2026 05:00 PM | +₹13 | ₹152 | +9.35% | ₹1,391 |
| 29-Sep-2026 05:00 PM | +₹10 | ₹149 | +7.19% | ₹1,070 |
| 28-Sep-2026 05:00 PM | +₹29 | ₹168 | +20.86% | ₹3,103 |
| 24-Sep-2026 12:12 PM | +₹28 | ₹167 | +20.14% | ₹2,996 |
| 23-Sep-2026 12:12 PM | +₹15 | ₹154 | +10.79% | ₹1,605 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| QIB (Ex. Anchor) | 21.91x | 43,72,662 | 9,58,05,024 | ₹1,331.69 Cr |
| NII | 56.76x | 32,79,497 | 18,61,55,181 | ₹2,587.56 Cr |
| bNII > ₹10L | 56.78x | 21,86,332 | 12,41,39,931 | ₹1,725.55 Cr |
| sNII < ₹10L | 56.73x | 10,93,165 | 6,20,15,250 | ₹862.01 Cr |
| Retail | 23.98x | 76,52,159 | 18,34,98,773 | ₹2,550.63 Cr |
| Total | 30.41x | 1,53,04,318 | 46,54,58,978 | ₹6,469.88 Cr |
| Period Ended | 31 MAR 2026 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|
| Total Income | 1685.38 | 1517.21 | 1137.54 |
| Profit After Tax | 79.89 | 59.94 | 41.67 |
| EBITDA | 166.96 | 116.81 | 80.11 |
| NET Worth | 421.55 | 292.55 | 176.06 |
| Reserves and Surplus | 369.21 | 241.27 | 198.39 |
| Total Borrowing | 334.37 | 347.86 | 198.39 |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| VMS TMT Limited | 4.95 | 8.92 | 45.97 | 9.22 | 840.20 |
| MSP Steel & Power Limited | 0.60 | 61.57 | 18.18 | 3.28 | 2,846.04 |
| Kamdhenu Limited | 2.78 | 14.57 | 14.06 | 19.77 | 774.70 |
| Gallant Ispat Limited | 20.07 | 27.80 | 137.44 | 14.60 | 4,478.52 |
| Beekay Steel Industries Ltd | 18.94 | 22.54 | 548.18 | 3.49 | 1,196.94 |
Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki is the company's promoter of German Green Steel & Power.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 96.63% | 68.54% |
| Others* | 3.37% | 31.46% |
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