German Green Steel IPO Opens on September 25, Price Band Fixed at ₹132–₹139
- 23rd September 2026
- 10:00 AM
- 5 min read
Summary
German Green Steel and Power company is all set for the launch its IPO on September 25 - September 29, 2026, at a price band of ₹132–₹139 per share. Check the issue structure, IPO dates, fund utilisation, expansion plans, financial performance and other key details.Mumbai | 23 September 2026
The total issue size of German Green Steel and Power company is around ₹304 crore and comprises a fresh issue of up to ₹290 crore and an Offer for Sale (OFS) of 10 lakh equity shares by existing shareholders. The company plans to use the proceeds primarily towards expanding its manufacturing facilities and strengthening its power infrastructure.
German Green Steel IPO Details
According to the reported IPO details, the proposed issue will consist of:
| IPO Opening Date | September 25, 2026 |
| IPO Closing Date | September 29, 2026 |
| Price Band | ₹132–₹139 per share |
| Total Issue Size | Around ₹304 crore |
| Fresh Issue | Up to ₹290 crore |
| Offer for Sale | 10 lakh equity shares |
| Minimum Bid | 107 shares |
| Minimum Investment | ₹14,873 at the upper price band |
| Expected Allotment Date | September 30, 2026 |
| Expected Listing Date | October 5, 2026 |
Anchor bidding is expected to take place on September 24, 2026. The IPO is being managed by Systematix Corporate Services, Emkay Global Financial Services and Pranmat Capital Advisors.
Changes from the Previous IPO Proposal
German Green Steel and Power had earlier proposed a fresh issue of ₹450 crore along with an OFS of 20 lakh shares.
Under the revised IPO structure, the fresh issue has been reduced to ₹290 crore, while the OFS has been reduced to 10 lakh shares. The revised structure changes the proportion of funds being raised through fresh equity and the shares being offered by existing shareholders.
The company had also raised ₹49.62 crore through a pre-IPO placement in September 2025. During this round, it issued 18.38 lakh shares at ₹270 per share.
Purpose of the Fundraise
A significant portion of the IPO proceeds will be used to support the company’s expansion plans.
Around ₹226.3 crore from the fresh issue is proposed to be utilised for the expansion of the Samakhiyali manufacturing facility and the development of a hybrid wind and solar power plant. The company plans to use around ₹7.7 crore for debt reduction, with the balance earmarked for general corporate purposes.
The proposed renewable power infrastructure is also expected to support the company’s energy requirements as it expands its manufacturing capacity.
Capacity Expansion Plans
German Green Steel and Power company is undertaking capacity expansion across its major product categories.
The company’s sponge iron capacity is proposed to increase from 66,000 MTPA to around 1,48,500 MTPA. MS billet capacity is planned to increase from 2,14,500 MTPA to 4,12,500 MTPA, while TMT bar capacity is expected to rise from 1,81,500 MTPA to 3,46,500 MTPA.
The expansion is intended to increase the company’s production capabilities and support its future business requirements.
About German Green Steel and Power
German Green Steel and Power is a Gujarat-based vertically integrated iron and steel manufacturer. The company manufactures products such as TMT bars, MS billets and sponge iron.
Its operations include multiple stages of the steel manufacturing process, allowing the company to produce key inputs and finished steel products within its manufacturing facilities. The company has two manufacturing facilities in Gujarat.
The company’s proposed expansion includes increasing production capacity while also developing renewable energy infrastructure to support its operations.
Financial Performance
German Green Steel and Power reported revenue of ₹1,679 crore in FY26, compared with ₹1,507.6 crore in FY25. This represents a growth of around 11.4% during the year.
The company reported a profit of ₹79.9 crore in FY26, compared with ₹59.9 crore in FY25. Profit increased by approximately 33.3% year-on-year.
As of August 2026, the company’s total outstanding borrowings stood at around ₹344.1 crore.
Key Factors to Track
The company’s IPO proceeds are primarily linked to capacity expansion, renewable power infrastructure and debt reduction. The proposed increase in production capacity across sponge iron, MS billets and TMT bars will be an important part of its future expansion plans.
At the same time, the company’s financial performance can be affected by factors such as fluctuations in steel prices, raw material and energy costs, competition in the steel industry and changes in demand.
At the upper end of the price band, the IPO is expected to value German Green Steel and Power at around ₹1,047 crore.
What Investors Should Know
The German Green Steel IPO will provide the company with fresh capital for expanding its manufacturing operations, developing renewable power infrastructure and reducing a portion of its debt. The company is also seeking to increase its production capacity across its key steel products.
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