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.

German Green Steel and Power Limited

Upcoming

German Green Steel and Power Limited

Market Cap

—

IPO Issue Size

₹ 450 Cr + 20,00,000 Equity Shares

Expected Price by IPOCorner

—

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.

German Green Steel and Power Limited was incorporated in 2008.Mr. Inamulhaq Shamsulhaq Iraki serves as the Managing Director of the company.

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 is yet to be announced. Price band for the IPO is yet to be declared.

₹ 450 Cr + 20,00,000 Equity Shares

Fresh Issue

₹ 450 Cr

Offer for Sale

20,00,000 Equity Shares

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	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

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
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

Focus on green steel production aligns with global sustainability trends
Integrated operations of steel + power improves cost efficiency
Funds from IPO will be utilized to support capacity expansion and growth
Presence in infrastructure-driven steel demand sector
Potential benefit from government push for eco-friendly manufacturing

Cons

Capital-intensive business with high funding requirements
Exposure to cyclical nature of steel industry risks
Dependence on raw material supply & price fluctuations
Limited publicly available financial track record
Execution risk in scaling green technology and expansion projects

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)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Systematix Corporate Services Limited ,Emkay Global Financial Services Limited

Registrar (RTA)

Bigshare Services Private Limited

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.