German Green Steel IPO: Dates, Price Band, Lot Size, Issue Size and Company Details
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
An overview of the German Green Steel IPO, covering its price band, lot size, issue size, objects of the issue, and financial performance based on publicly disclosed information.
Reviewed by the BuyUnlistedShares desk
The German Green Steel IPO is a mainboard, book-built initial public offering from German Green Steel & Power Ltd., a Gujarat-based iron and steel manufacturer. This article summarises the company's IPO dates, price band, lot size, issue size, objects of the issue, financial performance, and other details as disclosed on IPO Watch, without offering any investment recommendation.
German Green Steel IPO 2026: Dates, Price Band, Lot Size & Issue Size
The company has disclosed the following key details for its initial public offering:
Fresh Issue vs Offer for Sale
According to the disclosed information, the German Green Steel IPO comprises a fresh issue of approximately ₹290 crores and an offer for sale (OFS) of up to 10,00,000 equity shares with a face value of ₹10 each. Together, these components make up the total issue size of approximately ₹304 crores.
German Green Steel IPO Lot Size & Application Details
The minimum market lot for the German Green Steel IPO is 107 shares, requiring a minimum application amount of ₹14,873 at the upper price band. Retail investors can apply for up to 13 lots.
German Green Steel IPO Reservation
As per the disclosed investor categories, the reservation for the German Green Steel IPO is as follows:
Objects of the Issue
The company has stated that the net proceeds from the fresh issue will be utilised for the following purposes:
German Green Steel: Company Overview
German Green Steel and Power, founded in 2008, is described as 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 the company's brand “German TMT” noted as having a strong presence in the TMT Bars segment in Gujarat.
The company primarily sells its products on a business-to-business (B2B) basis, with its three main customer categories being distributors, dealers, and institutional customers.
German Green Steel operates two manufacturing facilities — one located in Ahmedabad, Gujarat, and the other, the Samakhiyali Facility, situated close to ports in Gujarat. As per the disclosed information, the company is planning to expand the existing installed TMT Bars production capacity at the Samakhiyali Facility from 1,81,500 MTPA to 3,46,500 MTPA.
Registered Office: German House, Near Bharat Petrol Pump, Opp. Kochrab Ashram, Paldi, Ahmedabad, Gujarat, 380007.
German Green Steel Financials: Revenue, Profit & Key Financials
The company reported revenue of ₹1,685.38 crores in FY2026, compared to ₹1,517.21 crores in FY2025. Profit for FY2026 stood at ₹79.89 crores, against ₹59.94 crores in FY2025.
German Green Steel IPO Valuation Metrics (FY2026)
Based on the disclosed financials for FY2026, the following key valuation and performance metrics have been reported:
Industry & Peer Comparison
German Green Steel operates in the iron and steel manufacturing industry, with a focus on TMT bars, MS billets and sponge iron sold on a B2B basis. As per the disclosed information, the following listed companies were presented for comparison on select financial parameters for FY2025:
Promoters & Shareholding Pattern
The promoters of German Green Steel & Power Ltd. are stated as Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki, and Ibrarulhaq Inamulhaq Iraki. Pre- and post-IPO shareholding, as disclosed, is summarised below:
Important IPO Details
Lead Managers: Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd., and Pantomath Capital Advisors Pvt. Ltd.
Registrar to the Issue: Bigshare Services Pvt. Ltd.
The Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) for the issue have been filed with the relevant exchanges, as noted on IPO Watch. The source material reviewed for this article does not include a separately detailed, company-specific risk factors section; investors seeking a comprehensive risk disclosure may refer to the company's RHP/DRHP filed with SEBI and the stock exchanges.
German Green Steel IPO: Key Takeaways
• The IPO opened on September 25, 2026 and closed on September 29, 2026, with a price band of ₹132 to ₹139 per share.
• The total issue size is approximately ₹304 crores, comprising a fresh issue of about ₹290 crores and an offer for sale of up to 10,00,000 equity shares.
• The minimum lot size is 107 shares, amounting to ₹14,873 at the upper price band.
• Net proceeds from the fresh issue are primarily earmarked for capital expenditure at the Samakhiyali facility, including a hybrid wind and solar power plant, and for debt repayment.
• Revenue rose from ₹1,517.21 crores in FY2025 to ₹1,685.38 crores in FY2026, while profit increased from ₹59.94 crores to ₹79.89 crores over the same period.
• The company reported an EPS of ₹14.91, RoNW of 18.86%, and NAV of ₹77.76 for FY2026, with the P/E ratio not disclosed in the source.
• The IPO is scheduled to list on the BSE and NSE on October 5, 2026.
Frequently Asked Questions (FAQs)
1. What is the German Green Steel IPO?
German Green Steel IPO is a mainboard, book-built issue from German Green Steel & Power Ltd. The company is raising approximately ₹304 crores through the issue, priced in the band of ₹132 to ₹139 per equity share, with listing proposed on the BSE and NSE.
2. When does the German Green Steel IPO open and close?
The IPO opened for subscription on September 25, 2026, and closed on September 29, 2026.
3. What is the price band for the German Green Steel IPO?
The price band for the IPO is ₹132 to ₹139 per equity share, with a face value of ₹10 per share.
4. What is the minimum lot size for the German Green Steel IPO?
The minimum lot size is 107 shares, requiring an application amount of ₹14,873 at the upper end of the price band. Retail investors can apply for up to 13 lots.
5. What is the total issue size of the German Green Steel IPO?
The total issue size is approximately ₹304 crores, made up of a fresh issue of about ₹290 crores and an offer for sale of up to 10,00,000 equity shares.
6. How will German Green Steel use the IPO proceeds?
As disclosed, the proceeds are intended for capital expenditure on the manufacturing facility at Samakhiyali, Kutch, Gujarat (including a hybrid wind and solar power plant), for repayment or prepayment of certain borrowings, and for general corporate purposes.
7. What does German Green Steel & Power Ltd. manufacture?
The company manufactures TMT Bars, MS Billets, and Sponge Iron, selling mainly on a B2B basis to distributors, dealers, and institutional customers. Its TMT bars are sold under the “German TMT” brand.
8. What are the reserved investor categories in the German Green Steel IPO?
Per the disclosed reservation, QIBs are allocated 50% of the issue, non-institutional investors (NII/HNI) 15%, and retail individual investors 35%.
9. What is German Green Steel's reported financial performance?
The company reported revenue of ₹1,685.38 crores and profit of ₹79.89 crores in FY2026, compared to revenue of ₹1,517.21 crores and profit of ₹59.94 crores in FY2025.
10. When is the German Green Steel IPO listing date?
The IPO is scheduled to list on the BSE and NSE on October 5, 2026, with allotment finalisation on September 30, 2026 and refunds/credit to demat accounts on October 1, 2026.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.
