German Green Steel & Power IPO Details
IPO Overview
| Price Band | ₹132–₹139 |
|---|---|
| Lot Size | 107 shares |
| Min Investment | Min ₹14873 |
| GMP | ₹9 (6.47%) |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 107 | 14873 |
| Retail (Max) | 13 | 1391 | 193349 |
| S-HNI (Min) | 14 | 1498 | 208222 |
| S-HNI (Max) | 67 | 7169 | 996491 |
| B-HNI (Min) | 68 | 7276 | 1011364 |
IPO Tentative Timetable
| IPO Open Date | Sep 25, 2026 |
|---|---|
| IPO Close Date | Sep 29, 2026 |
| Allotment Date | Sep 30, 2026 |
| Refund Initiation | Oct 01, 2026 |
| Listing Date | Oct 05, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹132 to ₹139 |
| Lot Size | 107 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,18,63,309 shares (agg. up to ₹304 Cr) |
| Fresh Issue | 2,08,63,309 shares (agg. up to ₹290 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 5,44,85,888 shares |
| Share Holding Post Issue | 7,53,49,197 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 18.86% |
| ROCE | 19.31% |
| Debt/Equity | 0.79 |
| RoNW | 18.86% |
| PAT Margin | 4.76% |
| EBITDA Margin | 9.94% |
| NAV | 77.76 |
| Price to Book Value | 0.67 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 1,220.24 | 1,685.38 | 79.89 | 166.96 | 421.55 | 369.21 | 334.37 |
| 31 Mar 2025 | 1,015.20 | 1,517.21 | 59.94 | 116.81 | 292.55 | 241.27 | 347.86 |
| 31 Mar 2024 | 559.73 | 1,137.54 | 41.67 | 80.11 | 176.06 | 167.60 | 198.39 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant | 226.33 |
| 2 | Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 7.70 |
| 3 | General Corporate Purposes | |
| Total | 234.03 |
About Company
Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat and a focus on TMX Bars. The company is predominantly conducted on a business-to-business basis with three (3) major types of customers, namely (i) distributors, (ii) dealers and (iii) institutional customers. The brand “German TMT” has established strong recognition for TMT Bars in Gujarat.
Product Portfolio:
- TMT Bars,
- MS Billets, and
- Sponge Iron, with
- TMT bar
The company's manufacturing capabilities ranging from 8 mm to 40 mm. The corporate and registered office is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat.
The company operates two manufacturing facilities in Gujarat: the Samakhiyali Facility, which is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited. They are currently in the process of expanding the installed capacity of Sponge Iron at their Samakhiyali Facility from 66,000 MTPA to approximately 1,48,500 MTPA, MS billets production capacity from 2,14,500 TPA to 4,12,500 TPA and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
For the nine months ended December 31, 2024, the majority of sales were generated through a network of distributors and dealers. Business operations are predominantly conducted on a business-to-business basis, catering to three primary customer segments: distributors, dealers, and institutional customers. These intermediaries supply products to builders and contractors.
As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.
Competitive Strengths:
- Vertically integrated manufacturing setup, including 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
- Track record of growth in financial performance
Promoters
- Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki.
Documents
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