German Green Steel and Power IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the German Green Steel and Power Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

German Green Steel and Power IPO at a glance

German Green Steel and Power Limited is bringing a Book Built Mainboard IPO worth ₹303.90 crore. It is a mix of a fresh issue of shares worth ₹290 crore and an Offer for Sale (OFS) worth ₹13.90 crore. The IPO is open from 25 September to 29 September 2026 and is proposed to list on the BSE and the NSE.

German Green Steel and Power IPO Details

German Green Steel and Power IPO Timelines

Dates are tentative and may change.

German Green Steel and Power IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About German Green Steel and Power Limited

Incorporated in July 2008 (originally as Haq Enterprises Private Limited), German Green Steel and Power Limited is a Gujarat-based, vertically integrated iron and steel manufacturer operating primarily in western India. It manufactures thermo-mechanically treated (TMT) bars under the "German TMT" brand, mild steel (MS) billets, and sponge iron, and sells largely on a business-to-business basis to distributors, dealers, and institutional customers.

It operates two facilities in Gujarat: an integrated facility at Samakhiyali (Kutch) and a Viramgam unit run through its material subsidiary, German TMX Private Limited. As of 31 March 2026, its installed TMT bar capacity was 1,81,500 MTPA (metric tonnes per annum), which it plans to expand to 3,46,500 MTPA, and about 75.44% of its energy requirements were met by its own captive power and renewable energy plants. As of 31 March 2026, it had 1,357 employees.

The company's promoters are Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki, and Ibrarulhaq Inamulhaq Iraki.

What are the Key Strengths of German Green Steel and Power (as stated in the RHP)

• Vertically integrated manufacturing setup, which includes captive power capacity.
• Extensive distribution network in Gujarat with long-term customer relationships.
• Experienced promoters supported by a strong management and execution team.
• Strong brand recall driven by quality products.

What the Money Will Be Used For

The IPO is a fresh issue of ₹290 crore and an Offer for Sale (OFS) of ₹13.90 crore. The OFS money goes to the promoter selling shareholders. The company will use the money from the fresh issue for the following:

What are the Company Financials of German Green Steel and Power

Restated consolidated figures, in ₹ crore.

2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the German Green Steel and Power IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select German Green Steel and Power IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 30 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, Bigshare Services, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• It derives a majority of its revenue from its top-selling products; one product category made up 50.62% of revenue from operations in FY 2026.
• Other than sales to direct institutional customers, it relies on its dealers and distributors for the distribution of its products.
• The demand and pricing for its products (TMT bars, MS billets, and sponge iron) are volatile and sensitive to the cyclical nature of the steel industry and raw material prices.
• Its manufacturing facilities are located only in Gujarat.
• It has incurred indebtedness, and any inability to comply with repayment and other covenants could affect its business.
• It and its material subsidiary have received cease-and-desist notices for using certain trademarks, and its "German TMT" logo is not registered in its name.
• It has contingent liabilities that could affect its financial condition.
• Its joint statutory auditors have included emphasis-of-matter paragraphs for FY 2025 and FY 2024.
• Its business depends on its manufacturing facilities, and its manufacturing process carries certain risks.
• There are outstanding legal proceedings against the company, its promoters, subsidiaries, and directors.

Frequently Asked Questions (FAQs)

1. When does the German Green Steel and Power IPO open and close?

The IPO opens on 25 September 2026 and closes on 29 September 2026.

2. What is the price band of the IPO?

The price band is ₹132 to ₹139 per share.

3. What is the lot size?

One lot is 107 shares. Applications are made in multiples of 107 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,873 at the upper price band (1 lot of 107 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 30 September 2026, with shares credited to demat accounts by 1 October 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 5 October 2026 (tentative).

7. What does German Green Steel and Power do?

It is a Gujarat-based, vertically integrated iron and steel manufacturer, making TMT bars (under the German TMT brand), MS billets, and sponge iron, supported by captive and renewable power.

8. What is the GMP of the German Green Steel and Power IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

Bigshare Services is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.