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German Green Steel IPO
German Green Steel IPO
Overview
German Green Steel IPO is a book build issue of ₹303.90 crores. The issue is a combination of fresh issue of 2.09 crore shares aggregating to ₹290.00 crores and offer for sale of 10.00 lakh shares aggregating to ₹13.90 crores. German Green Steel IPO bidding opened for subscription on Sep 25, 2026 and will close on Sep 29, 2026. The allotment for the German Green Steel IPO is expected to be finalized on Sep 30, 2026. German Green Steel IPO will list on NSE and BSE with a tentative listing date fixed as Oct 5, 2026. German Green Steel IPO is set issue price band at ₹132 to ₹139 per share. The lot size for an application is 107 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,873 (107 shares) (based on upper price). Systematix Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
2,18,63,309
Issue Size
₹304 Cr
Price Band
₹132 – ₹139
Lot Size
107 shares
Min. Investment
₹14,873
Max. Investment
₹1,93,349
Open Date
25 Sep, 2026
Close Date
29 Sep, 2026
Allotment
30 Sep, 2026
Listing
05 Oct, 2026
Max. Investment
₹1,93,349
Announced
25 Sep, 2026
Opening Date
25 Sep, 2026
Closing Date
29 Sep, 2026
Basis of Allotment
30 Sep, 2026
Initiation of Refunds
01 Oct, 2026
Credit of Shares
01 Oct, 2026
Listing Date
05 Oct, 2026
Live GMP
Est. Listing: ₹169
Apply via UPI in 5 minutes
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About German Green Steel IPO
German Green Steel IPO Share Price
Issue Breakdown
Shareholding
Dilution: 38.3% increase in shares
German Green Steel IPO Financial Health
German Green Steel IPO Lot Size
Investors can bid for a minimum of 107 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | ₹14,873 |
| Retail (Max) | 13 | 1391 | ₹1,93,349 |
| S-HNI (Min) | 14 | 1498 | ₹2,08,222 |
| S-HNI (Max) | 67 | 7169 | ₹9,96,491 |
| B-HNI (Min) | 68 | 7276 | ₹10,11,364 |
(All values in CR)
German Green Steel IPO Valuations
| Metric | Value |
|---|---|
| ROE | 18.86 |
| ROCE | 19.31 |
| Debt/Equity | 0.79 |
| RoNW | 18.86 |
| PAT Margin | 4.76 |
| EBITDA Margin | 9.94 |
| NAV | 77.76 |
| Price to Book Value | 1.79 |
(All values in CR)
German Green Steel IPO Subscriptions Status
German Green Steel IPO subscribed 0.49 times. The public issue subscribed 0.57 times in the retail category, 0.37 times in QIB (Ex Anchor), and 0.49 times in the NII category by September 25, 2026 12:04:14 PM (Day 1).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 65,58,991 | 65,58,991 | 91.17 |
| QIB (Ex Anchor) | 0.37 | 43,72,664 | 16,18,482 | 22.497 |
| NII | 0.49 | 32,79,496 | 15,98,473 | 22.219 |
| bNII (> ₹10L) | 0.44 | 21,86,331 | 9,58,506 | 13.323 |
| sNII (< ₹10L) | 0.59 | 10,93,165 | 6,39,967 | 8.896 |
| Retail | 0.57 | 76,52,158 | 43,29,648 | 60.182 |
| Total | 0.49 | 1,53,04,318 | 75,46,603 | 104.898 |
German Green Steel IPO GMP
German Green Steel IPO last recorded Grey Market Premium (GMP) is ₹29.5, updated on Sep 25, 2026 11:37:03 AM. With an upper price band of ₹139.00, the estimated listing price for German Green Steel IPO is ₹168.5 (cap price + today's GMP). The expected percentage gain/loss per share is 21.22%. • German Green Steel IPO Retail Subject to Sauda: ₹2400 • German Green Steel IPO Small HNI Subject to Sauda: ₹33600 During this period, the premium has fluctuated between a low of ₹15.00 and a high of ₹29.50.
Last updated 25 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 25 Sep, 2026 | 0 | ₹29.5▲ | - | ₹168.5 (21.22%) | 3156 | 25 Sep, 2026 |
| 24 Sep, 2026 | 0 | ₹29▲ | - | ₹168 (20.86%) | 3103 | 24 Sep, 2026 |
| 23 Sep, 2026 | 0 | ₹24▲ | - | ₹163 (17.27%) | 2568 | 23 Sep, 2026 |
| 22 Sep, 2026 | 0 | ₹15 | - | ₹154 (10.79%) | 1605 | 22 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for German Green Steel IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find German Green Steel IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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