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Home / IPO / German Green Steel
LISTEDMainboard100% source confidence

German Green Steel IPO

Open 25 Sep 2026 · Close 29 Sep 2026 · Listing 5 Oct 2026

Price Band₹139.00
Live GMPNO GMP
SubscriptionNO DATA
Issue Size₹303.82 Cr

At a glance

Updated 2026-10-06 07:52:13

German Green Steel is a Mainboard IPO with an issue size of ₹303.82 crore, proposed for listing on NSE EMERGE. The offer opens on 25 Sep 2026 and closes on 29 Sep 2026. The current listing schedule points to 5 Oct 2026.

Issue details

Listing atNSE EMERGE
Issue size₹303.82 Cr
Price band₹139.00
Listing5 Oct 2026

Grey market

GMP page ↗
Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens25 Sep 2026
Closes29 Sep 2026
Listing5 Oct 2026

Subscription demand

Full bidding ↗
QIB21.91×
sHNI56.73×
bHNI56.78×
NII / HNI56.78×
Retail23.98×

Lot size

InvestorLotsSharesAmount
Retail (Min)1107₹14,873
Retail (Max)131391₹193,349
S-HNI (Min)141498₹208,222
S-HNI (Max)677169₹996,491
B-HNI (Min)687279₹1,011,781

Company

Use of proceeds

ObjectAmount
Funding the capital expenditure requirements of its manufacturing facility₹226.33 Cr
Prepayment or re-payment, in full or in part, of certain outstanding borrowings₹7.70 Cr
General corporate purposes—

Financial performance

Year-wise operating scale, profitability and balance-sheet context.
Full financials ↗
Assets559.73₹ Cr · -44.9% vs prior year
Net Worth176.06₹ Cr · -39.8% vs prior year

FY26

Assets1,220.24
Net Worth421.54
Total Debt334.36
RevenueAnnualised basis1,678.98
EBITDAAnnualised basis166.95
PATAnnualised basis79.88
EBITDA Margin (%)9.94

FY25

Assets1,015.20
Net Worth292.54
Total Debt347.85
RevenueAnnualised basis1,507.57
EBITDAAnnualised basis116.80
PATAnnualised basis59.94
EBITDA Margin (%)7.75

FY24

Assets559.73
Net Worth176.06
Total Debt198.39
RevenueAnnualised basis1,129.78
EBITDAAnnualised basis80.11
PATAnnualised basis41.67
EBITDA Margin (%)7.09

Peer comparison

CompanyEPSP/ERoNWNAV
German Green Steel and Power IPO—9.48 x——
Behari Lal IPO—18.65 x——
Vraj Iron IPO—11.49 x——
Vaswani Industries IPO—15.76 x——

Registrar & lead managers

Lead managers

  • Location

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-10-06 07:52:13.
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