Markets / IPO / German Green Steel and Power

German Green Steel and Power IPO

Updated 17:39

Mainboard IPO on NSE and BSE · Iron & Steel Products

Status

Listed

Price band

₹132–139

Lot size

107 shares · ₹14,873

Subscribed

28.98×

How it listed

Issue price

₹139

Listing price (open)

₹142.00 +2.16%

First-day close

₹128.33 -7.68%

Price now

₹107.34 -22.78%

Listing day	5 Oct 2026
Open / high / low / close	₹142.00 / ₹142.81 / ₹125.50 / ₹128.33
Shares traded on NSE	2,67,90,268
Market value at the listing-day close	₹699 cr

Closing prices since listing: 26 Oct ₹98.67, 27 Oct ₹103.53, 28 Oct ₹100.98, 29 Oct ₹102.05, 30 Oct ₹98.89, 2 Nov ₹101.35, 3 Nov ₹102.08, 4 Nov ₹115.39, 5 Nov ₹114.92, 6 Nov ₹106.39.

German Green Steel and Power share price, live chart and technicals →

Key dates

Bidding opens	25 Sept 2026
Bidding closes	29 Sept 2026
Allotment	30 Sept 2026
Refunds and shares in demat	1 Oct 2026
Listing	5 Oct 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	45,78,030	28.50%	–
HNI / NII	34,45,455	21.45%	–
HNI, above ₹10 lakh	22,96,970	14.30%	315
HNI, ₹2–10 lakh	11,48,485	7.15%	766
Retail	80,39,394	50.05%	75,134

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	107	₹14,873
Retail (maximum)	13	1,391	₹1,93,349
Small HNI (minimum)	14	1,498	₹2,08,222
Small HNI (maximum)	67	7,169	₹9,96,491
Big HNI (minimum)	68	7,276	₹10,11,364

At ₹139 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 23

Retail allotments available

75,134 × one lot

Retail portion subscribed

22.83×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	45,78,030	9,58,05,874	20.93×
HNI / NII	34,45,455	18,61,64,592	54.03×
HNI, above ₹10 lakh	22,96,970	12,41,43,647	54.05×
HNI, ₹2–10 lakh	11,48,485	6,20,20,945	54.00×
Retail	80,39,394	18,35,23,725	22.83×
Total	1,60,62,879	46,54,94,191	28.98×

NSE and BSE bids together, as of 29 Sept 2026 19:00.

Demand at each price

Top price ₹139	3,049.18 lakh shares	65.5%
Cut-off final price, whatever it is; mostly retail	1,599.18 lakh shares	34.3%
Lower prices ₹132–138	9.48 lakh shares	0.2%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	24 Sept 2026
Lock-in ends for the first 50% (30 days)	29 Oct 2026
Lock-in ends for the remaining 50% (90 days)	28 Dec 2026 (in 52 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹757 cr	₹585 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Iron & Steel Products

Company	Listed	Subscribed	On listing	Since IPO
Bombay Coated and Special Steels	5 Nov	60.77×	+10.98%	+9.84%
A-One Steels India	1 Oct	11.61×	+12.35%	-2.35%
Jindal Supreme (India)	23 Sept	181.07×	+29.03%	+71.01%
Behari Lal Engineering	19 Aug	108.44×	+63.16%	+59.14%
Rajputana Stainless	19 Mar	1.12×	0.00%	+36.76%
Shri Kanha Stainless SME	10 Dec	–	-2.22%	-77.78%
VMS TMT	24 Sept	102.27×	+5.96%	-56.66%
Sambhv Steel Tubes	2 Jul	28.46×	+34.15%	+99.26%

IPO details

Price band	₹132–139
Final issue price	₹139
Lot size	107 shares
Minimum investment	₹14,873 (1 lot)
Market	NSE mainboard
Issue type	Book Building
Face value	₹10 per Equity Share
Industry	Iron & Steel Products
Issue size	₹303.90 crore (about 2.19 crore shares) · Fresh issue + offer for sale: fresh ₹290.00 cr, offer for sale ₹13.90 cr
ISIN	INE0D4501011
Registrar	Bigshare Services Private Limited Helpline: +91 22 6263 8200, ipo@bigshareonline.com
Lead managers	Systematix Corporate Services Limited, Emkay Global Financial Services Limited and Pantomath Capital Advisors Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 30 Sept 2026. Check it on the registrar's page (Bigshare Services Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the German Green Steel and Power IPO price band and lot size?

The price band is ₹132–139 per share, and one lot is 107 shares (₹14,873 at the upper price).

When is the German Green Steel and Power IPO allotment date?

Allotment was finalised on 30 Sept 2026, the next working day after bidding closed on 29 Sept 2026.

How many times was the German Green Steel and Power IPO subscribed?

In total 28.98 times, on NSE and BSE together; retail 22.83 times.

What is the German Green Steel and Power IPO listing date?

It listed on 5 Oct 2026 on NSE and BSE.

What is the chance of getting German Green Steel and Power IPO shares?

At least 1 in 23 retail applicants got the minimum lot: 75,134 retail allotments with the retail portion subscribed 22.83 times. Winners are picked by lottery.

When does the German Green Steel and Power anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 29 Oct 2026 and the 90-day lock-in on the rest ends on 28 Dec 2026; they can sell from the next trading day.

What was the German Green Steel and Power listing gain?

It opened at ₹142.00 against an issue price of ₹139, a gain of 2.16%. It is now down 22.78% from the issue price.