German Green Steel IPO Day 2: Subscription Status on 28 September 2026
- September 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
German Green Steel IPO Day 2, 28 Sep 2026. Subscribed 1.82x at Day 1 close: NII 2.59x, Retail 1.74x, QIB 1.39x. Price band Rs 132-139. Closes 29 Sep.
Quick Answer
The German Green Steel IPO is on Day 2 of bidding on 28 September 2026, after a strong opening day. The German Green Steel IPO closed Day 1 subscribed 1.82 times overall, with NII at 2.59 times, retail at 1.74 times and QIB, excluding anchors, at 1.39 times. Bidding remains open until 29 September 2026, and investors should track the live category wise numbers on NSE and BSE through the day.
The German Green Steel IPO has entered Day 2 of its bidding window, which opened on 25 September 2026 and closes on 29 September 2026. German Green Steel and Power Limited, a vertically integrated iron and steel manufacturer focused on TMT bars, is raising about Rs 303.90 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE. The latest full session data available is Friday, 25 September 2026, with the weekend in between.
Day 1 bidding for the issue closed with the issue subscribed 1.82 times overall, with all three categories past full subscription on the opening day itself. With one more session after today before the 29 September close, the book has room to build further.
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German Green Steel IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 25 September 2026 |
| Close Date | 29 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 132 to Rs 139 per share |
| Lot Size | 107 shares |
| Issue Size | Rs 303.90 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
German Green Steel IPO Subscription Status Day 2
Bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (25 Sep, 5:07 PM) | Subscription So Far (Day 2, 28 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 1.39 times | Updating |
| Non-Institutional Investors (NII) | 2.59 times | Updating |
| Retail Individual Investors | 1.74 times | Updating |
| Overall | 1.82 times | Updating through the session |
All three categories cleared full subscription on Day 1, led by NII. Investors should treat the Day 2 figures as provisional since bidding remains open until the 29 September close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the German Green Steel IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 132 to Rs 139 band, in multiples of 107 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 29 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 29 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the German Green Steel and Power IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue crossed full subscription across all categories on Day 1, closing at 1.82 times overall, with two sessions still to go before the 29 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the German Green Steel IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 1.82 times overall, with NII at 2.59 times, retail at 1.74 times and QIB, excluding anchors, at 1.39 times, and figures for Day 2, 28 September 2026, are updating through today’s session on NSE and BSE.
When does the German Green Steel IPO close?
Ans. The issue closes for subscription on 29 September 2026, having opened on 25 September 2026.
What is the German Green Steel IPO price band and lot size?
Ans. The issue price band is Rs 132 to Rs 139 per share, with a lot size of 107 shares, taking the minimum retail investment to about Rs 14,873 at the upper band.
Which category led the German Green Steel IPO on Day 1?
Ans. Non-institutional investors led the issue on Day 1 at 2.59 times, ahead of retail at 1.74 times and QIB, excluding anchors, at 1.39 times.
What is the German Green Steel IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the German Green Steel IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 132 to Rs 139 band, in multiples of 107 shares, then approving the UPI mandate before the daily cut off.
When will the German Green Steel IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 30 September 2026, with listing on both NSE and BSE tentatively scheduled for 5 October 2026.
What does German Green Steel and Power Limited do?
Ans. German Green Steel and Power Limited is a vertically integrated iron and steel manufacturer with a primary focus on TMT bars marketed under the German TMT brand, alongside upstream sponge iron and MS billet manufacturing in Gujarat.
