German Green Steel IPO Day 3: Subscription Closes Today, 29 September 2026

German Green Steel IPO closes today, 29 Sep 2026. Subscribed 5.39x through Day 2: NII 8.22x, Retail 6.47x, QIB 1.40x. Price band Rs 132-139.

Updated: 29 Sept 2026 • 12:42 am

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Quick Answer

The German Green Steel IPO is on its final day of bidding on 29 September 2026, with the subscription window closing today. The issue has climbed from 1.82 times at the Day 1 close to 5.39 times by the close of Day 2, with NII at 8.22 times, retail at 6.47 times and QIB, excluding anchors, at 1.40 times, so all categories are past full subscription. With bidding open until the end of today's session, the final subscription figure depends on demand in the closing hours.

German Green Steel and Power Limited, a vertically integrated iron and steel manufacturer focused on TMT bars, has reached the final day of its IPO subscription window today, 29 September 2026. The German Green Steel IPO opened on 25 September 2026 and is about Rs 303.90 crore through a combination of fresh issue and offer for sale. The shares are proposed to list on both NSE and BSE.

Demand for the German Green Steel IPO has built strongly, with NII and retail multiples rising sharply on Day 2 while the QIB portion held steady just above full subscription. Today is the last opportunity for further bids.

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Table of Contents

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 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2 on Monday.

Session	Overall	QIB	NII	Retail
Day 1 close (25 Sep)	1.82x	1.39x	2.59x	1.74x
Day 2 close (28 Sep, evening update)	5.39x	1.40x	8.22x	6.47x
Day 3, closing day so far (29 Sep)	Updating through the session

All three categories have cleared full subscription, led by NII. Final figures should be confirmed on NSE and BSE once bidding closes today.

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, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closes today with all categories past full subscription and the overall book at around 5.39 times through Day 2. 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 before the window shuts today.

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 3?

Ans. On the closing day, 29 September 2026, the issue carries forward a Day 2 reading of around 5.39 times overall, with NII at 8.22 times, retail at 6.47 times and QIB at 1.40 times, and figures are updating through today's final session.

When does the German Green Steel IPO close?

Ans. The issue closes for subscription today, 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 subscription?

Ans. Non-institutional investors led the issue through Day 2 at 8.22 times, ahead of retail at 6.47 times and QIB, excluding anchors, at 1.40 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.