German Green Steel and Power Limited, has fixed the price band of Rs 132/- to Rs 139/-per Equity Share of face value Rs. 10/- each for its initial public offering. The Company’s Initial Public Offering will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026. Investors can bid for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter. Equity shares outstanding as on the date of the Red Herring Prospectus are 5,44,85,888 equity shares of Rs. 10 each.
- Issue Opens: September 25, 2026
- Issue Closes: September 29, 2026
- Face Value: Rs 10
- Price Band: Rs 132 – 139 per share
- Minimum Bid Lot: 107 Equity Shares
- Listing: BSE & NSE
The IPO, with a face value of Rs 10, is a fresh issue up to Rs 290 crore and an offer for sale for up to 10,00,000 equity shares by Promoter Selling Shareholders, namely Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki. The Company has, in consultation with the book-running lead managers, undertaken a Pre-IPO Placement of 18,38,000 fully paid-up equity shares at an issue price of ₹270 per equity share (including a premium of ₹260 per equity share) for ₹49.62 crore by way of a private placement on September 26, 2025. The size of the fresh issue has been reduced by ₹49.62 crore pursuant to the Pre-IPO Placement and the revised size of the fresh issue is up to ₹290 crore.
The proceeds from its Fresh Issue worth Rs 226.33 crore will be utilized for funding the capital expenditure requirements of the Company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant Rs 7.70 crore for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, and remaining proceeds of the Net Proceeds will be utilized for general corporate purpose.
Incorporated in 2008, the Company is a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a presence in Gujarat with a main focus on TMT Bars (Source: CARE Report). The Company has two manufacturing facilities located in Gujarat (Manufacturing Facilities), one located at Samakhiyali (“Samakhiyali Facility”) which is vertically integrated, and the other is located at Viramgam (“Viramgam Facility”) which is operated through its material subsidiary- German TMT Private Limited (formerly known as German TMX Private Limited).
The Company is currently in the process of expanding the installed capacity of sponge iron at its Samakhiyali Facility from 66,000 Metric Tonne Per Annum to approximately 1,48,500 Metric Tonne Per Annum, MS billets production capacity from 2,14,500 tonnes per annum to 4,12,500 tonnes per annum, and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 Metric Tonne Per Annum to 346,500 Metric Tonne Per Annum. In addition, the Company is setting up a new hybrid wind-solar power plant with a total capacity of 25.20 MW (solar: 10.8 MW DC; wind: 14.40 MW) in Bharuch district, Gujarat out of which it has already commissioned a hybrid wind solar plant of 16.20 MW (Solar: 7.2 MW DC; Wind: 9.0 MW).
Its revenue from operations was Rs 1,678.98 crore during Fiscal 2026, compared with Rs 1,129.78 crore during Fiscal 2024. Its net profit after tax was Rs 79.88 crore in Fiscal 2026, compared with Rs 41.66 crore in Fiscal 2024. The company proposes to list its equity shares on NSE and BSE.
