German Green Steel and Power Limited
An Ahmedabad TMT bar maker since 2008, with two Gujarat plants. A ₹290 cr fresh issue funds expansion at Samakhiyali, debt repayment and general corporate purposes, with an offer for sale of up to 10,00,000 shares by two promoters. Priced at 9.32 times Fiscal 2026 earnings at the cap price; peers average 35.25 times.
- Price band. The range of prices, per share, within which bids are taken in a book-built IPO. The final issue price is set inside it after bidding closes. Learn more ₹ per share
- ₹139
- Listing price ₹ per share
- ₹142
- NSE open, 5 Oct
- Listing gain. The opening price on listing day against the issue price, in rupees and per cent. Learn more %
- +2.2%
- +₹3 per share
- Current market price. We take the price from the exchange every 5 minutes while the market is open (9:15 to 3:30 IST), and again after the close at 3:45 and 4:00. Outside those hours you are seeing the last reading. Learn more ₹ per share
- ₹106.50
- 12 Oct, 15:30 IST
- Gain to date % on IPO price
- −23.4%
- GMP. Grey market premium. The premium over the issue price at which unlisted IPO shares change hands in the unofficial grey market. It is unofficial and unregulated. Learn more ₹ per share
- ₹9.50
- +6.8% of IPO price
Timeline
- Thu 24 SepAnchor bidding
- Fri 25 SepBidding opens
- Tue 29 SepBidding closes, 5 PM IST
- Wed 30 SepAllotment
- Thu 1 OctRefunds
- Thu 1 OctShares in demat
- Mon 5 OctListing
Grey market premium (GMP)
₹9.50 per share
+6.8% of the issue price
The last reading before listing, 4 Oct, 21:00 IST. Grey market figures (GMP) are unofficial and unverified.
| Recorded | GMP ₹ |
|---|---|
| 4 Oct, 21:00 IST | ₹9.50 |
| 4 Oct, 18:30 IST | ₹9 |
| 4 Oct, 17:00 IST | ₹9.50 |
| 4 Oct, 12:30 IST | ₹10.50 |
| 4 Oct, 11:00 IST | ₹11 |
| 3 Oct, 19:00 IST | ₹10.50 |
| 3 Oct, 16:30 IST | ₹11 |
| 2 Oct, 23:45 IST | ₹11.50 |
Subscription
| Category | Subscribed × |
|---|---|
| QIB. Qualified institutional buyers: mutual funds, banks, insurers and registered foreign investors. Usually up to 50% of a mainboard book-built issue. Learn more | 20.93× |
| HNI / NII. Non-institutional investors: individuals and others bidding above ₹2 lakh. Split into small (₹2–10 lakh) and big (above ₹10 lakh). Learn more | 54.03× |
| Big HNI (above ₹10L) | 54.05× |
| Small HNI (₹2–10L) | 54.00× |
| Retail. Individual investors bidding up to ₹2 lakh in one IPO. Learn more | 22.83× |
| Total | 28.98× |
As of 29 Sep, 19:00 IST, from the exchange.
Anchor book
| Investor | Type | Shares | Price ₹ | Amount ₹ cr | Of anchor book % |
|---|---|---|---|---|---|
| NECTA BLOOM VCC - NECTA BLOOM ONE | Other | 21,58,297 | ₹139 | 30.00 | 32.91% |
| LORDS MULTIGROWTH FUND | Other | 14,38,936 | ₹139 | 20.00 | 21.94% |
| ZEAL GLOBAL OPPORTUNITIES FUND | Other | 10,79,202 | ₹139 | 15.00 | 16.45% |
| COMPACT STRUCTURE FUND | Other | 7,19,468 | ₹139 | 10.00 | 10.97% |
| VENUS INVESTMENTS VCC - VENUS STELLAR FUND | Other | 7,19,468 | ₹139 | 10.00 | 10.97% |
| ARNESTA GLOBAL OPPORTUNITIES FUND PCC - ARNESTA GLOBAL FUND 1 | Other | 4,43,620 | ₹139 | 6.17 | 6.76% |
| 6 investors | 65,58,991 | 91.17 | 100.00% |
From the exchange's anchor allocation notice.
Issue details
- Lists on
- NSE and BSE
- Fresh issue
- ₹290 crore, money to the company
- Offer for Sale
- ₹13.90 crore, money to selling holders
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Systematix Corporate Services Limited, Emkay Global Financial Services Limited, Pantomath Capital Advisors Private Limited
- Symbol
- GERMAN
- Promoter holding
- 96.63% before
Grey market figures are unofficial and unverified. Nothing here is investment advice. Verify with official sources. Full disclaimer.