German Green Steel and Power

German Green Steel & Power (New IPO): GMP, Price, Review, Profit

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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 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.

German Green Steel and Power Limited 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 its DRHP with SEBI for a proposed IPO featuring a Fresh Issue of ₹ 450 Crore and an Offer for Sale (OFS) of 20,00,000 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 450 Cr + 20,00,000 Equity Shares
Fresh Issue:₹ 450 Cr
Offer for Sale:20,00,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

German Green Steel and Power Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2024
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:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure₹ 325.21 Cr
Working Capital Requirement₹ 00 Cr
Borrowing prepayment/repayment₹ 55.01 Cr
General Corporate PurposeBalance

German Green Steel and Power Limited Financial Data

202220232024
Revenue (₹ Cr)₹ 892.2₹ 1,121.1₹ 1,129.8
PAT (₹ Cr)₹ 34.2₹ 31.2₹ 41.7
Asset (₹ Cr)₹ 350.3₹ 374.6₹ 559.7
Net Worth (₹ Cr)₹ 107.1₹ 134.4₹ 176.1

German Green Steel and Power Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
23-May₹ –₹ –₹ –
22-May₹ –₹ –₹ –
21-May₹ –₹ –₹ –
20-May₹ –₹ –₹ –
19-May₹ –₹ –₹ –
German Green Steel and Power

German Green Steel and Power Limited Pro’s and Con’s

Strengths:

  • 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

Risks:

  • 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

German Green Steel and Power Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Inamulhaq Shamsulhaq Iraki~ 42.34 %
Abdulhaq Shamsulhaq Iraki~ 40.80 %
Ibrarulhaq Inamulhaq Iraki~ 0.99 %
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German Green Steel and Power Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of German Green Steel and Power Limited

Lead / Book Running Lead ManagersSystematix Corporate Services Limited,
Emkay Global Financial Services Limited
Registrar (RTA)Bigshare Services Private Limited

German Green Steel and Power Limited FAQ’s

  • 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.
  • German Green Steel is raising funds via IPO to fund capacity expansion, develop hybrid renewable power projects, and to repay debt.
  • 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.
  • Key risks include exposure to cyclical steel demand, high capital requirements, raw material price volatility, and execution risks in expansion and renewable integration projects.
  • Upsides include strong infrastructure demand, integrated operations, renewable energy focus, and expansion plans position the company for long-term growth and improved operational efficiency.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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