German Green Steel IPO Day 1: Subscription Opens Today, 25 September 2026

German Green Steel IPO opens today, 25 Sep 2026, closes 29 Sep 2026. Price band Rs 132-139. Lot size 107 shares. Raising Rs 303.90cr, lists 5 Oct.

Updated: 25 Sept 2026 • 12:49 am

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Quick Answer

The German Green Steel IPO opens for subscription today, 25 September 2026, and will remain open until 29 September 2026. German Green Steel and Power Limited is a vertically integrated iron and steel manufacturer with a primary focus on TMT bars, operating under the German TMT brand from facilities in Gujarat, and is raising about Rs 303.90 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 132 to Rs 139 per share, with a lot size of 107 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.

German Green Steel and Power Limited, incorporated in 2008, has opened its IPO for subscription today, 25 September 2026. The German Green Steel IPO is a mainboard, book built issue worth about Rs 303.90 crore, comprising a fresh issue of about 2.09 crore shares worth Rs 290 crore and an offer for sale of 10 lakh shares worth Rs 13.90 crore, and will remain open for bidding until 29 September 2026. The equity shares are proposed to be listed on both NSE and BSE.

The company is a vertically integrated iron and steel manufacturer operating in the western region of India, with upstream manufacturing capabilities in sponge iron and MS billets that feed into finished TMT bars marketed under the German TMT brand, across two facilities in Gujarat at Samakhiyali and Viramgam. The fresh issue proceeds of the German Green Steel IPO are earmarked mainly for capital expenditure toward expansion of the Samakhiyali facility and a hybrid wind and solar power plant, alongside debt repayment.

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Table of Contents

German Green Steel IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

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 Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 14,873 (1 lot, 107 shares)
Maximum retail application	Rs 1,93,349 (13 lots, 1,391 shares)
Registrar	Bigshare Services Pvt Ltd
Lead Manager	Systematix Corporate Services Ltd

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

German Green Steel IPO Subscription Status Day 1

Bidding for the issue has opened today, 25 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.

Investor Category	Subscription Status, Day 1 (25 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

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, which blocks the bid amount in your bank account rather than debiting it immediately.
Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 29 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

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.

About German Green Steel and Power Limited

German Green Steel and Power Limited, incorporated in 2008, is a vertically integrated iron and steel manufacturer with a primary focus on TMT bars, marketed under the German TMT brand, operating from facilities at Samakhiyali and Viramgam in Gujarat, alongside upstream sponge iron and MS billet manufacturing, ahead of the issue.

Conclusion

The issue has opened for bidding today, 25 September 2026, backed by a vertically integrated steel manufacturing business with an established regional brand in western India. Investors considering the issue should study 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 1?

Ans. The issue opened for bidding today, 25 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.

When does the German Green Steel IPO open and close?

Ans. The issue opened for subscription today, 25 September 2026, and will close on 29 September 2026, a five day window spanning the weekend.

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 price band.

What is the issue size and structure of the German Green Steel IPO?

Ans. The issue is worth about Rs 303.90 crore, comprising a fresh issue of about 2.09 crore shares worth Rs 290 crore and an offer for sale of 10 lakh shares worth Rs 13.90 crore.

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, especially this early in the bidding window.

How do I apply for the German Green Steel IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 107 shares and your price within the Rs 132 to Rs 139 band, then approve 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, and the shares are tentatively scheduled to list on both NSE and BSE on 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.

Who are the registrar and lead manager for the German Green Steel IPO?

Ans. Bigshare Services Pvt Ltd is the registrar for the issue, and Systematix Corporate Services Ltd is the book running lead manager for the issue.