German Green Steel IPO
UpcomingMainboardOpens 25 September 2026Closes 29 September 2026
Incorporated in 2008, German Green Steel and Power Limited is a vertically integrated manufacturer of iron and steel products primarily based in Gujarat. The company manufactures TMT Bars, MS Billets, and Sponge Iron,…
Incorporated in 2008, German Green Steel and Power Limited is a vertically integrated manufacturer of iron and steel products primarily based in Gujarat. The company manufactures TMT Bars, MS Billets, and Sponge Iron, and markets its products under the established 'German TMT' brand. It operates two main production facilities in Gujarat (Samakhiyali and Viramgam), supported by captive power generation and hybrid wind-solar plants. Prior to the IPO, the company successfully raised ₹49.63 Crore via a Pre-IPO placement at ₹270 per share.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
25 Sept 2026
IPO Closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
5 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 25 September 2026 |
| IPO Close Date | 29 September 2026 |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,873 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,349 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,222 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,96,491 |
BHNIAbove ₹10,00,000 | 68 | ₹10,11,364 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (₹226.33 Cr).
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company (₹7.70 Cr).
- General Corporate Purposes.
Strengths
- Integrated manufacturing operations supported by captive power generation capabilities (coal-based and waste heat recovery) and hybrid wind-solar plants.
- Well-established distribution and dealer network across Gujarat with long-standing customer relationships.
- Demonstrated financial performance with revenue from operations growing consistently to ₹1,678.98 Crore in FY26.
- Strong brand recognition in the TMT bar market through the 'German TMT' brand.
Weaknesses
- High revenue concentration from the top 10 customers, which accounted for 50.62% of revenue from operations in FY26.
- Significant geographical concentration, with over 97.74% of sales originating from Gujarat in FY26, exposing the business to regional economic and regulatory risks.
- Dependency on third-party suppliers for raw materials without long-term supply contracts; the top 10 suppliers accounted for 41.30% of total material purchases in FY26.
- Exposure to foreign exchange risk as a portion of raw material purchases (scrap) is imported from countries like the UAE, USA, and Singapore.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 1,220.24 | 1,015.2 | 559.73 |
| Revenue (₹ Cr.) | 1,685.38 | 1,517.21 | 1,137.54 |
| PAT (₹ Cr.) | 79.89 | 59.94 | 41.67 |
| Net Worth (₹ Cr.) | 421.55 | 292.55 | 176.06 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| German Green Steel | 1.79 | 13.11 | 18.86% | 421.55 |
| Vms Tmt Ltd. | 1.03 | 13.84 | 9.22% | 228.13 |
| Msp Steel & Power Ltd. | 1.83 | 49.75 | 13.14% | 979.31 |
| Kamdhenu Ltd. | 2.96 | 13.68 | 19.77% | 218.1 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- German Green Steel and Power Limited
- German House, Near Bharat Petrol Pump, Opp. Kochrab Ashram, Paldi, Ahmedabad-380007, Gujarat, India
- +91 7211133101
- secretarial@germansteel.in
- https://www.germansteel.in
Registrar Details
- Bigshare Services Private Limited
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com
Frequently Asked Questions
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German Green Steel IPO News & Updates
Follow the latest updates for German Green Steel IPO, including grey market moves and allotment news.
German Green Steel IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
German Green Steel IPO Details
Issue size, price, financials, and company info
German Green Steel IPO GMP
Live grey market premium and listing estimate
German Green Steel IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
German Green Steel IPO Allotment
Allotment date, chances, and check by PAN
German Green Steel IPO Review
SWOT, strengths, risks, and IPO review
German Green Steel IPO FAQ
Common questions on dates, GMP, and allotment
German Green Steel IPO Registrar
Registrar website and how to check allotment
German Green Steel IPO Timeline
Open, close, allotment, and listing dates
German Green Steel IPO News
Updates, blogs, and latest IPO news
Sources
We match German Green Steel IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.