German Green Steel and Power Limited IPO Subscription Update: Issue Subscribed 11.87 on Day 3
Information Subscription
The German Green Steel and Power Limited IPO saw strong demand on its final day till 12:39:00pm, with investors bidding for 19,06,82,560 shares against 1,60,62,879 shares offered, resulting in an overall subscription of 11.87 times.
The NII category recorded the highest demand at 22.35, with bids for around 7,70,21,168 crore shares against 34,45,455 crore shares reserved. The retail portion was subscribed 13.37, receiving bids for approximately 10,74,66,734 crore shares against 80,39,394 crore shares offered.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers(QIBs) | 1.35x |
| 2. | Non-Institutional Investors | 22.35x |
| 3. | Retail Individual Investors(RIIs) | 13.37x |
| - | Total | 11.87x |
German Green Steel and Power Limited IPO Overview & Purpose
The German Green Steel and Power IPO is a rupee 303.90 crore book-built issue, comprising a fresh issue of rupee 290 crore and an Offer for Sale (OFS) of rupee 13.90 crore. The price band is rupee 132–rupee 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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