German Green Steel IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,137.54 | 1,517.21 | 1,685.38 |
| Expense | 1,082.15 | 1,438.16 | 1,575.57 |
| Profit (PAT) | 41.67 | 59.94 | 79.89 |
| Total Assets | 559.73 | 1,015.20 | 1,220.24 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Beekay Steel Industries Ltd | 18.94 | 22.54 | 3.49 | 548.18 | 1,196.94 Cr |
| Gallant Ispat Limited | 20.07 | 27.80 | 14.60 | 137.44 | 4,478.52 Cr |
| Kamdhenu Limited | 2.78 | 14.57 | 19.77 | 14.06 | 774.70 Cr |
| MSP Steel & Power Limited | 0.60 | 61.57 | 3.28 | 18.18 | 2,846.04 Cr |
| VMS TMT Limited | 4.95 | 8.92 | 9.22 | 45.97 | 840.20 Cr |
Strengths & Risks
- Heavily oversubscribed — 30.4x overall (final).
- Strong institutional (QIB) demand — 21.9x.
- Strong return on equity — 19%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for German Green Steel — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About German Green Steel
German Green Steel and Power, founded in 2008, is one of the leading iron and steel manufacturers with a strong presence in Gujarat. Its product range includes TMT Bars, MS Billets, and Sponge Iron, with TMT bar. The firm mainly sells its products on a B2B basis. Its three main types of customers are Distributors, Dealers, and Institutional customers. Moreover, the brand German TMT has maintained its strong presence in TMT Bars in Gujarat. German Green operates 2 manufacturing facilities: one is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat. Furthermore, the firm is planning to expand the existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
Company Contact Information
German Green Steel & Power Ltd., German House, Near Bharat Petrol Pump,, Opp. Kochrab Ashram,, Paldi, Ahmedabad, Gujarat, 380007
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant | 226.33 |
| Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 7.70 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
German Green Steel IPO - Quick Take
German Green Steel has set a price band of Rs 132–Rs 139 per share for an issue size of Rs 304 crore. The stock listed with a 3.24% gain versus its issue price on October 05, 2026.
The issue is promoted by Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki with Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd., Pantomath Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid win… (Rs 226 crore) and prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company (Rs 8 crore).
On fundamentals, the company is posting revenue growth of 11.1%, a profit margin of 4.7%, return on equity of 18.9% in its most recent reported period. Listed peers in this segment include Beekay Steel Industries Ltd (P/E 22.54x) and Gallant Ispat Limited (P/E 27.80x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
German Green Steel IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 6.8%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; German Green Steel listed 3.2% above its issue price.
See the full German Green Steel GMP history and trend, or learn how grey market premium works and how reliable it is.
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