German Green Steel and Power Limited IPO Subscription Update: Issue Subscribed 5.14x on Day 2
On the second day, German Green Steel and Power Limited received bids for 8,25,13,478 shares against 1,60,62,879 shares available for subscription, according to NSE data. The retail investor category was subscribed 6.15, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 7.82 and 1.34 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 1.34 |
| 2. | Non-Institutional Investors | 7.82 |
| 3. | Retail Individual Investors (RIIs) | 6.15 |
| - | Total | 5.14 |
German Green Steel and Power Limited IPO Overview & Purpose
The German Green Steel and Power IPO is a Rs.303.90 crore book-built issue, comprising a fresh issue of Rs.290 crore and an Offer for Sale (OFS) of Rs.13.90 crore. The price band is Rs.132–Rs.139 per share, with a lot size of 107 shares. The IPO opened on September 25, 2026, and closed on September 29, 2026.
The company is a vertically integrated iron and steel manufacturer with operations in Gujarat. The IPO proceeds are intended to support manufacturing expansion, a hybrid power plant and debt repayment.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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