Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of German Green Steel & Power Ltd. on October 20, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
German Green Steel & Power Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹450.00 crores and an offer for sale (OFS) of upto 0.20 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Systematix Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to German Green Steel IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹450 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 5,26,47,888 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 30, 2025 |
| SEBI/Exchange approval received | Mon, Oct 20, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
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 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.
The product portfolio comprises TMT Bars, MS Billets, and Sponge Iron, with TMT bar 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.
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.
The brand “German TMT” has established strong recognition for TMT Bars in Gujarat. Over the years, the company has focused on innovation across products and processes while maintaining consistent quality standards.
The manufacturing facilities maintain a range of quality management system certifications, including ISO 9001:2015 for quality management, ISO 45001:2018 for occupational health and safety, and ISO 14001:2015 for environmental management.
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 930.46 | 559.73 | 374.59 | 350.28 |
| Total Income | 987.32 | 1,137.54 | 1,130.20 | 901.87 |
| Profit After Tax | 32.08 | 41.67 | 31.20 | 34.17 |
| EBITDA | 68.18 | 80.11 | 52.59 | 39.15 |
| NET Worth | 233.39 | 176.06 | 134.40 | 107.06 |
| Total Borrowing | 346.80 | 198.39 | 141.67 | 151.70 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant | 325.21 |
| 2 | Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 55.01 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| Debt/Equity | 1.13 |
| RoNW | 23.67% |
| PAT Margin | 3.69% |
| EBITDA Margin | 6.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.91 | |
| Promoter Holding | 100% |
Lead Manager Reports
German Green Steel IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The German Green Steel IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in German Green Steel IPO using UPI as a payment gateway. Zerodha customers can apply in German Green Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in German Green Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The German Green Steel IPO dates are not announced. Please check back again after some time.
German Green Steel IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in German Green Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for German Green Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the German Green Steel IPO allotment status.
The German Green Steel IPO listing date is not yet announced. The tentative date of listing is .
