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German Green Steel IPO: GMP, subscription and allotment status
MainboardBigshare ServicesOpens25 Sept
₹0grey-market premium
- GMP
- ₹0
- 0.0%as of 22 Sept, 16:17 IST
- Est. listing
- ₹139
- 0.0% on issue price
- Price band
- ₹139
- Lot
- 107 shares
- Min. ₹14,873
Allotment
Expected 30 Sept.
Dates
25 → 29 Sept · allot 30 · list 5 OctRefunds and shares in your demat account on 1 Oct.
Issue details
- Segment
- Mainboard
- Face value
- ₹10
- Issue type
- Book build Issue
- Fresh issue
- ₹290 Crores
- Offer for sale
- 10,00,000 Equity Shares
- Listing at
- BSE, NSE
- Registrar
- Bigshare Services
- NSE symbol
- —
GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from
What you can apply for
- Retail Minimum
- 1 lot, 107 shares
- 107
- ₹14,873
- Retail Maximum
- 13 lots, 1,391 shares
- 1,391
- ₹1,93,349
- S-HNI Minimum
- 14 lots, 1,498 shares
- 1,498
- ₹2,08,222
- S-HNI Maximum
- 67 lots, 7,169 shares
- 7,169
- ₹9,96,491
- B-HNI Minimum
- 68 lots, 7,276 shares
- 7,276
- ₹10,11,364
A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.
Where the money goes
- 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
- —
What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.
Company numbers
₹1,685.38 Cr+11.1% on 2025
2024
2025
2026
₹79.89 Cr+33.3% on 2025
2024
2025
2026
₹1,220.24 Cr+20.2% on 2025
2024
2025
2026
- 2026
- Revenue ₹1,685.38
- Profit ₹79.89
- Assets ₹1,220.24
- 2025
- Revenue ₹1,517.21
- Profit ₹59.94
- Assets ₹1,015.20
- 2024
- Revenue ₹1,137.54
- Profit ₹41.67
- Assets ₹559.73
In ₹ crore, for the years the offer document reports.
- ROE
- 18.86%
- ROCE
- 19.31%
- EBITDA Margin
- 9.94%
- PAT Margin
- 4.76%
- Debt to equity ratio
- 0.79
- Earning Per Share (EPS)
- ₹14.91 (Basic)
- Return on Net Worth (RoNW)
- 18.86%
- Net Asset Value (NAV)
- ₹77.76
Listed peers
- Beekay Steel Industries Ltd
- P/E 22.54
- EPS 18.94
- Return on net worth 3.49%
- Gallant Ispat Limited
- P/E 27.80
- EPS 20.07
- Return on net worth 14.60%
- Kamdhenu Limited
- P/E 14.57
- EPS 2.78
- Return on net worth 19.77%
- MSP Steel & Power Limited
- P/E 61.57
- EPS 0.60
- Return on net worth 3.28%
- VMS TMT Limited
- P/E 8.92
- EPS 4.95
- Return on net worth 9.22%
Price to earnings, earnings per share and return on net worth, as the offer document reports them.
Who the issue is reserved for
- QIB
- 50%
- NII
- 15%
- Retail
- 35%
Share of the issue set aside for each kind of investor.
Promoters and bankers
- Promoters
- Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki
- Promoter holding
- 96.63% before the IPO, 68.54% after
- Lead managers
- Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd., Pantomath Capital Advisors Pvt.Ltd.
Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.
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Frequently asked questions
- What is the GMP of German Green Steel IPO today?
- The grey-market premium is ₹0, which points to a listing around ₹139 (0.0% on the issue price), as of 16:17 IST on 22 September 2026. GMP is unofficial and doesn't guarantee a listing price.
- When does German Green Steel IPO open and close?
- Bidding runs from 25 September 2026 to 29 September 2026.
- What is the German Green Steel IPO allotment date?
- Allotment is expected on 30 September 2026.
- When will German Green Steel IPO list?
- Listing is expected on 5 October 2026.
- What is the lot size and minimum investment for German Green Steel IPO?
- One lot is 107 shares, so the minimum investment at the upper price of ₹139 is ₹14,873.
- How do I check German Green Steel IPO allotment status?
- Bigshare Services is the registrar. Once allotment is out, check it by PAN on the Bigshare Services website or right here.