German Green Steel IPO
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.
IPO GMP
+₹13
+9% expected gain
Price Band
₹132 - ₹139
Lot Size
107 shares
Min Investment
₹14,873
Listing Date
October 5, 2026
About German Green Steel
Company overview, business, and key facts.
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.
Founded
2008
Headquarters
Ahmedabad, Gujarat
Promoters
Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki, Ibrarulhaq Inamulhaq Iraki
Website
https://www.germansteel.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
German Green Steel IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹1,047.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
13.1x
Peer median 22.5x (discount of 41.8%)
Price to sales
0.62x
Revenue growth, 2026
+11.1%
21.7% a year over the period
Profit growth, 2026
+33.3%
38.5% a year over the period
Profit margin (PAT)
4.7%
EBITDA margin 9.94%
ROE / ROCE
18.86% / 19.31%
As published in the offer document
Debt to equity
0.79
Promoter holding
96.63% → 68.54%
Before → after the IPO
Issue mix
95.4% fresh / 4.6% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,391
107 shares on ₹14,873. GMP is unofficial.
What stands out
- Profit grew 33.3% in 2026.
- Priced at a 41.8% discount to the peer median P/E of 22.5.
- GMP has been rising over the last three readings.
Watch-outs
- Thin profit margin: PAT margin was 4.7% in 2026.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of German Green Steel's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
German Green Steel IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, German Green Steel IPO is trading at a grey market premium (GMP) of +₹13 (+9% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 28.98x overall — QIB: 20.93x, NII: 54.03x, Retail: 22.83x.
German Green Steel IPO subscription has closed. The shares are expected to list on October 5, 2026.
The minimum investment required is ₹14,873 for 107 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
German Green Steel IPO — Frequently Asked Questions
What is German Green Steel IPO GMP today?
German Green Steel IPO GMP (grey market premium) today is +₹13, suggesting an estimated listing gain of +9%. GMP is indicative and subject to change.
What is the price band of German Green Steel IPO?
The price band for German Green Steel IPO is ₹132 - ₹139 with a lot size of 107 shares. The minimum investment required is ₹14,873.
When is German Green Steel IPO allotment date?
German Green Steel IPO allotment is expected to be finalised on September 30, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt. Ltd.) using your PAN number.
When will German Green Steel IPO list on NSE/BSE?
German Green Steel IPO is expected to list on BSE, NSE on October 5, 2026.
How to check German Green Steel IPO allotment status?
To check German Green Steel IPO allotment status, visit the registrar's website (Bigshare Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for German Green Steel IPO?
German Green Steel IPO has a GMP of +₹13. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of German Green Steel IPO?
The lot size for German Green Steel IPO is 107 shares per lot. The minimum investment for retail investors is ₹14,873. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.