German Green Steel IPO Review 2026: Listing Dates, Allotment, GMP & Overview

24 Sep 2026
Upcoming IPOs
German Green Steel IPO Review 2026: Listing Dates, Allotment, GMP & Overview

German Green Steel IPO is a book-built issue of ₹303.90 crore, comprising a fresh issue of 2.09 crore shares aggregating to ₹290.00 crore and an offer for sale of 10 lakh shares aggregating to ₹13.90 crore. The IPO opens on September 25, 2026 and closes on September 29, 2026. The price band is ₹132 to ₹139 per share and the lot size is 107 shares. The shares are proposed to list on BSE and NSE on October 5, 2026. 

German Green Steel IPO DetailsDetails
IPO Open DateSeptember 25, 2026
IPO Close DateSeptember 29, 2026
IPO Size₹303.90 Crore
Fresh Issue2,08,63,309 Shares aggregating up to ₹290 Crore
Offer for Sale10,00,000 Shares aggregating up to ₹13.90 Crore
Price Band₹132 to ₹139 per share
Face Value₹10 per share
Lot Size107 Shares
Minimum Investment₹14,873 at the upper price band
Market Cap₹1,047.35 Crore at the upper price band
ListingBSE and NSE
Tentative Listing DateOctober 5, 2026
Issue TypeBook Built Issue
RegistrarBigshare Services Pvt. Ltd.
Book Running Lead ManagersSystematix Corporate Services Ltd., Emkay Global Financial Services Ltd. and Pantomath Capital Advisors Pvt. Ltd.

German Green Steel IPO Important Dates

IPO EventDate
IPO OpenFriday, September 25, 2026
IPO CloseTuesday, September 29, 2026
AllotmentWednesday, September 30, 2026
RefundThursday, October 1, 2026
Credit of Shares to DematThursday, October 1, 2026
ListingMonday, October 5, 2026

German Green Steel IPO Issue Size

ParticularsShares / Amount
Total Issue Size2,18,63,309 Shares, aggregating up to ₹303.90 Crore
Fresh Issue2,08,63,309 Shares, aggregating up to ₹290 Crore
Offer for Sale10,00,000 Shares, aggregating up to ₹13.90 Crore
Pre-Issue Shareholding5,44,85,888 Shares
Post-Issue Shareholding7,53,49,197 Shares

German Green Steel IPO Financial Performance

German Green Steel and Power reported consolidated revenue from operations of ₹1,678.98 crore and profit after tax of ₹79.89 crore for FY2026. Revenue increased from ₹1,507.57 crore in FY2025, while PAT rose from ₹59.94 crore. EBITDA increased to ₹166.96 crore in FY2026 from ₹116.81 crore in FY2025.

Particulars (₹ Crore)FY2024FY2025FY2026
Revenue from Operations1,129.781,507.571,678.98
EBITDA79.33116.81166.96
EBITDA Margin7.02%7.75%9.94%
Profit After Tax41.6759.9479.89
PAT Margin3.69%3.98%4.76%

German Green Steel IPO Objects of the Issue

The company proposes to use the net proceeds primarily for capital expenditure at its Samakhiyali manufacturing facility and hybrid wind and solar power plant. Part of the proceeds will also be used for repayment or prepayment of certain borrowings and general corporate purposes.

Objects of the IssueAmount
Capital expenditure for Samakhiyali facility and hybrid wind & solar power plant₹226.33 Crore
Prepayment/repayment of certain borrowings₹7.70 Crore
General Corporate PurposesBalance amount

Refer to RHP for detailed information.

About German Green Steel and Power Ltd.

Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer operating primarily in western India, with a strong presence in Gujarat. The company manufactures TMT Bars, MS Billets and Sponge Iron and sells mainly through distributors, dealers and institutional customers. Its German TMT brand has established recognition in Gujarat.

The company operates two manufacturing facilities in Gujarat: the vertically integrated Samakhiyali Facility and the Viramgam Facility operated through its material subsidiary, German TMX Private Limited. The Samakhiyali facility is undergoing capacity expansion across sponge iron, MS billets and TMT bars.

German Green Steel IPO Competitive Strengths

  • Vertically integrated manufacturing setup with captive power capacity.
  • Established distribution network across Gujarat.
  • Experienced promoters and management team.
  • Brand recognition for TMT bars in Gujarat.
  • Growth in revenue, EBITDA and profit in recent financial years.

German Green Steel IPO Key Risks

  • Steel prices and raw-material costs can affect margins and profitability.
  • The business is exposed to cyclical demand from construction and infrastructure sectors.
  • The planned capacity expansion involves significant capital expenditure and execution requirements.
  • Competition from established steel manufacturers may affect market share and pricing.
  • Availability and pricing of key raw materials can influence manufacturing costs.

IPO Allotment & Application Status

Registrar: Bigshare Services Pvt.Ltd.

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German Green Steel IPO – Frequently Asked Questions

When will German Green Steel IPO open?

German Green Steel IPO will open for subscription on September 25, 2026.

When will German Green Steel IPO close?

The IPO will close on September 29, 2026.

What is the German Green Steel IPO price band?

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

What is the German Green Steel IPO lot size?

The IPO lot size is 107 shares. At the upper price band of ₹139, the minimum retail investment is ₹14,873.

What is the German Green Steel IPO issue size?

The total issue size is ₹303.90 crore, comprising a fresh issue of ₹290 crore and an OFS of ₹13.90 crore.

When is German Green Steel IPO allotment?

The tentative IPO allotment date is September 30, 2026.

When will German Green Steel IPO list?

German Green Steel shares are proposed to list on BSE and NSE on October 5, 2026.

What does German Green Steel and Power manufacture?

The company manufactures TMT Bars, MS Billets and Sponge Iron, with manufacturing operations primarily located in Gujarat.

Who are the lead managers of German Green Steel IPO?

Systematix Corporate Services Ltd., Emkay Global Financial Services Ltd. and Pantomath Capital Advisors Pvt. Ltd. are the book-running lead managers.

Who is the registrar of German Green Steel IPO?

Bigshare Services Pvt. Ltd. is the registrar to the issue.

Investor Education Hub: Everything You Need to Know About IPOs

Disclaimer: - Investments in IPOs are subject to market risks. Investors should read the Red Herring Prospectus carefully and consult their financial advisor before investing. https://www.mnclgroup.com/research-disclaimer

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    Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

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    Tel:079-26666500 / 6600500
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    Registered Numbers

    SEBI Registration No:INZ000008037
    NSE Member ID:06386
    BSE: Member ID :197
    MCX: Member ID :10585
    Date of Admission:28/02/2004
    NCDEX: Member ID :00011
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    Date of Admission:06/12/2003
    CDSL-DP ID:35000
    NSDL-DP ID:IN303052
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  • Complete name of entity registered with SEBI as Portfolio Manager:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    PMS Registration No.:INP000006059
    Corporate Identification No.:L64990GJ1993PLC120014
    Principal Place of Business:301-302, 3rd Floor, Arunachal Building, Barakhamba Road, New Delhi - 110001
    Registered Office Address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Corresponding SEBI regional/local office Address:8th floor, Plate B, Tower 1, NBCC Complex, East Kidwai Nagar, New Delhi – 110023

    Contact Details

    Principal Officer:Md Shaukat Ali
    Contact No.:011-40851303
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  • Fund Name:Monarch AIF
    Category of AIF :Category III
    AIF Registration number :IN/AIF3/20-21/0787
    Registration Date :April 23, 2020
    Registered Office Address :Laxmi Tower, B Wing, 4th Floor, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051

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    Fund Manager:Mr. Abhisar Jain
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    Phone :+91 22 66746424

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    Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.

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    MB Registration No.:INM000011013
    Corporate Identification Number:L64990GJ1993PLC120014
    Principal Place of Business:4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Registered office address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050

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    Contact No.:(022) 66476400
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    RA Registration No.:INH000000644
    BSE Enlistment No.:5039
    Corporate Identification Number: L64990GJ1993PLC120014

    Contact Details

    Registered office address: Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Principal Place of Business: 4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
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    Telephone no.: +91-79-26666768
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    BSE Enlistment No.:2005
    Validity of registration : Perpetual
    Corporate Identification Number : U74140GJ2007PTC052348
    Registered office address : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009
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    Complete name of entity registered with SEBI as : Monarch Networth Capital Limited
    AMFI Registration No. :8812
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  • Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

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    Escalation Matrix

    Monarch Networth Capital Limited

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    Ahmedabad

    “Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009

    Mumbai

    Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.

    Contact Details

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: cs@mnclgroup.com

    Company Secretary & Compliance Officer

    (As per LODR Regulations and Companies Act, 2013)

    Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances :
    Mr. Nitesh Tanwar : 022 - 66476400 / 66476405

    Listing of Equity Shares on Stock Exchange at

    BSE

    Add :Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
    Scrip Id :Monarch Scrip Code : 511551

    NSE

    Add :Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.
    Scrip Id :Monarch Scrip Code : MONARCH

    Demat ISIN Numbers in NSDL & CDSL for

    Equity Shares:INE903D01011

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    (Formerly known as Link Intime India Private Limited)

    Add:C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
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    For any queries related to broking please contact helpdesk@mnclgroup.com.

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