German Green Steel & Power IPO

German Green Steel and Power IPO is a 100% book-built issue comprising a fresh issue of ₹450 crore and an offer for sale (OFS) of 20 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on June 29, 2026.

The price band and official date of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager (BRLM) of the issue is Systematix Corporate Services Ltd. and Emkay Global Financial Services Ltd., while the registrar to the issue is Bigshare Services Pvt. Ltd.

German Green Steel and Power IPO Date & Timeline

German Green Steel and Power Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on June 29, 2026. However, the specific German Green Steel and Power IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

German Green Steel and Power IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The German Green Steel and Power IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

German Green Steel and Power Ltd. was incorporated on July 9, 2008, as "Haq Enterprises Private Limited" in Gujarat, undergoing several strategic name changes to become "Haq Steels and Metaliks Private Limited" in April 2018 and finally "German Green Steel and Power Limited" in January 2024.

The company is a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat, with a main focus on TMX bars. They have two manufacturing facilities in Gujarat, one in Samakhiyali and the other in Viramgam. Their manufacturing facility mainly comprises TMT bars (ranging from 8 mm to 40 mm), MS Billets and Sponge Iron.

Operations & Product Range

The key operating strategy model of German Green Steel and Power Ltd. revolves around vertical integration in the steel industry. The range of products offered by the company comprises sponge iron, MS billets and TMT bars in different variations such as Fe500, Fe550, D series (ductile), CRS series (corrosion-resistant steel), varying between 8mm and 40 mm. With this, the firm maintains strict quality checks and better profit margins in the production process.

Facilities & Capacity

German Green Steel & Power Ltd. manufactures in two plants in Ahmedabad, Gujarat state. Its premier Samakhiyali Plant in the district of Kutch covers an area of about 524,673 square meters and is a fully integrated plant that manufactures sponge iron, billets and TMT bars along with a captive power plant. While another plant at Viramgam in the district of Ahmedabad, which is managed via its material company called German TMX Private Limited.

Brands & Market Presence

German Green Steel & Power Ltd. has built up an impressive reputation for itself in the Gujarat region due to its emphasis on quality-certified TMT bars. It functions mainly in a B2B business format, catering to a wide range of customers that include institutions, wholesalers and a chain of more than 300 dealers. The name “German” highlights the company’s dedication to precise engineering and superior industry standards within the national steel industry.

Revenue Streams & Business Model

The primary revenue channel of German Green Steel and Power Ltd. comes from the sale of TMT bars, MS billets and sponge iron to distributors, dealers and institutional clients. In FY2024, the company reported total income of ₹1,137.54 crore and assets were reported at ₹559.73 crore. By operating as a vertically integrated player, the company captures value at multiple stages of the steel-making process, while captive power capacity helps mitigate the risks of high energy costs.

Management & Shareholding

German Green Steel and Power Ltd. is promoted by Inamulhaq Shamsulhaq Iraki, Abdulhaq Shamsulhaq Iraki and Ibrarulhaq Inamulhaq Iraki, who collectively held more than 95% stake before the IPO. But after the IPO, the promoters will see a dilution in the shareholding as the offering consists of 20 lakh equity shares of OFS.

Board & Key Management

The leadership of German Green Steel and Power Ltd. is led by a team of experts with many years of experience. Inamulhaq Shamsulhaq Iraki serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Abdulhaq Shamsulhaq Iraki, the Managing Director, along with Whole-Time Directors Ibrarulhaq Inamulhaq Iraki and Nareshkumar Punjiram Patel. To ensure good governance, the board includes Independent Directors Biswajit Adhikari, Indu Gupta Rao, Intajhusen Imamkhan Malek and Sanjay Kumar Gupta for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.