- Q1. What is the business of German Green Steel and Power Limited?
It is a vertically integrated steel manufacturer producing TMT bars and sponge iron, supported by captive power plants with focus on sustainable and green steel production. - Q2. Why is the company raising funds via IPO?
German Green Steel is raising funds via IPO to fund capacity expansion, develop hybrid renewable power projects, and to repay debt. - Q3. What is the size of the issue and where will it list?
The issue size of the IPO comprises of ₹ 450 Cr fresh issue + OFS ~0.20 Cr equity shares. It will be listed on BSE and NSE platform. - Q4. What are the key risks to an investor?
Key risks include exposure to cyclical steel demand, high capital requirements, raw material price volatility, and execution risks in expansion and renewable integration projects. - Q5. What are the potential upsides?
Upsides include strong infrastructure demand, integrated operations, renewable energy focus, and expansion plans position the company for long-term growth and improved operational efficiency. - Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Closed
German Green Steel and Power Limited: New IPO, GMP, Price, Analysis, Pros & Cons
0
IPO Score
0
*Score varies on actual price
German Green Steel and Power Limited is engaged in the manufacturing of green steel using environmentally sustainable processes, along with power generation to support its operations. The company focuses on reducing carbon emissions in steel production by integrating renewable energy and advanced technologies.
It was incorporated in 2008 & currently Mr. Inamulhaq Shamsulhaq Iraki serves as the Managing Director of the company.
German Green Steel and Power Limited has filed for an IPO with issue size of ₹ 303.90 Crores which includes a Fresh Issue of ₹290 Crores & an Offer-For-Sale of ₹13.90 Crores.
It manufactures sponge iron, MS billets, and TMT bars, along with steel-related products like binding wires. Integrated operations supported by captive power generation (coal, waste heat, and renewable energy plants).It operates through large-scale manufacturing plants mainly in Gujarat. It serves B2B customers in construction and infrastructure sectors across India.
Subscription date to apply for German Green Steel and Power Limited starts on 25th Sep’26 & Closes on 29th Sep’26. Price band for the IPO is in the range ₹132 to ₹139 with a lot size of 107 Shares.
Revenue, PAT, EBITDA
Year |
2025 |
|---|---|
Networth
|
₹ 176.06 Cr
|
Revenue
|
₹ 1129.78 Cr
|
EBITDA
|
₹ 80.11 Cr
|
PAT
|
₹ 41.66 Cr
|
EBITDA Margin
|
~7.09%
|
PAT Margin
|
~ 3.69%
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
25-Sep'26
|
Close Date
|
29-Sep'26
|
Anchor Investor Bidding
|
24-Sep'26
|
Allotment Date
|
30-Sep'26
|
Refunds& Demat Credit
|
01-Oct'26
|
Tentative Listing Date
|
05-Oct'26
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Borrowing Payment (Company)
|
₹ 55.01 Cr
|
Capital Expenditure
|
₹ 325.21 Cr
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2023 |
2024 |
2025 |
|---|---|---|---|
Revenue (₹ Cr)
|
892.24
|
1121.12
|
1129.78
|
PAT (₹ Cr)
|
34.16
|
31.19
|
41.66
|
Asset (₹ Cr)
|
350.27
|
374.58
|
559.73
|
Net Worth (₹ Cr)
|
107.05
|
134.4
|
176.06
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
29-Sep
|
₹ 132 - ₹ 139
|
₹ 25
|
₹ 2,675
|
28-Sep
|
₹ 132 - ₹ 139
|
₹ 29
|
₹ 3,103
|
27-Sep
|
₹ 132 - ₹ 139
|
₹ 28
|
₹ 2,996
|
26-Sep
|
₹ 132 - ₹ 139
|
₹ 25
|
₹ 2,675
|
25-Sep
|
₹ 132 - ₹ 139
|
₹ 30
|
₹ 3,210
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
Inamulhaq Shamsulhaq Iraki
|
~ 42.34 %
|
Abdulhaq Shamsulhaq Iraki
|
~ 40.80 %
|
Ibrarulhaq Inamulhaq Iraki
|
~ 0.99 %
|
-
|
-
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
107 Shares
|
1
|
107 Shares
|
₹ 14,124
|
Retail (Max)
|
107 Shares
|
13
|
1,391 Shares
|
₹ 1,93,349
|
HNI (Min)
|
107 Shares
|
14
|
1,498 Shares
|
₹ 1,97,736
|
HNI (Max)
|
107 Shares
|
66
|
7,062 Shares
|
₹ 9,81,618
|
Big HNI (Min)
|
107 Shares
|
67
|
7,169 Shares
|
₹ 9,46,308
|
Key Performance Index (KPI)
ROE |
18.86% |
|---|---|
ROCE
|
19.31%
|
RoNW
|
18.86%
|
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