German Green Steel & Power IPO
SEBI has approved the Initial Public Offer (IPO) of German Green Steel & Power Ltd. on October 20, 2025.
The company will now move forward with the next steps to launch the IPO, subject to market conditions and other regulatory approvals. The SEBI approval remains valid for 12 months.
The German Green Steel & Power IPO is a Book-Build Issue, comprising a fresh issue of Rs. 450.00 crore and an offer for sale (OFS) of 20,00,000 equity shares.
The equity shares are proposed to be listed on BSE and NSE.
The Book Running Lead Manager is yet to be announced, while Bigshare Services Pvt. Ltd. is the Registrar to the issue.
Key details such as IPO dates, price band, and lot size are awaited.
🕗 Last Update: 6 November 2025, 4.00 PM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | — |
| IPO Close Date | — |
| Allotment Date | — |
| Refunds Initiation | — |
| Credit to Demat | — |
| Listing Date | — |
IPO Key Details
| Particulars | Details |
|---|---|
| Issue Size | — |
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. — to Rs. — per share |
| Lot Size | — |
| Sale Type | Fresh Issue + Offer for Sale |
| Fresh Issue | Aggregating up to Rs. 450.00 crore |
| Offer for Sale | 20,00,000 shares of Rs. 10 each |
| Issue Type | Book-Building IPO |
| Listing | BSE, NSE |
| Shareholding Pre-Issue | 5,26,47,888 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Offer |
| NII | Not less than 15% of the Offer |
| Retail | Not less than 35% of the Offer |
DRHP Status
| Description | Date |
|---|---|
| Filed with SEBI | June 30, 2025 |
| SEBI Approval Received | October 20, 2025 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | — |
| Promoter Holding Post-Issue | — |
About German Green Steel & Power Ltd.
Incorporated in 2008, German Green Steel & Power Ltd. is an integrated iron and steel manufacturer with a dominant presence in Gujarat. The company specializes in TMT Bars, MS Billets, and Sponge Iron, catering mainly to the B2B segment through distributors, dealers, and institutional clients.
It operates two key manufacturing units in Samakhiyali (vertically integrated facility) and Viramgam, managed through subsidiary German TMX Pvt. Ltd.
The company’s brand “German TMT” enjoys strong recognition in Western India, especially among infrastructure and construction players.
Its facilities are ISO-certified for Quality (ISO 9001:2015), Occupational Safety (ISO 45001:2018), and Environment (ISO 14001:2015) standards.
Competitive Strengths
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Vertically integrated manufacturing setup with captive power generation
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Strong dealer-distributor network across Gujarat
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Proven brand recall under German TMT
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Experienced promoters with an execution-driven management team
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Consistent growth track record with healthy financial performance
Company Financials (Rs. in Crore)
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | 930.46 | 559.73 | 374.59 | 350.28 |
| Total Income | 987.32 | 1,137.54 | 1,130.20 | 901.87 |
| EBITDA | 68.18 | 80.11 | 52.59 | 39.15 |
| PAT | 32.08 | 41.67 | 31.20 | 34.17 |
| Net Worth | 233.39 | 176.06 | 134.40 | 107.06 |
| Total Borrowings | 346.80 | 198.39 | 141.67 | 151.70 |
Key Performance Indicators
| KPI | Value |
|---|---|
| Debt/Equity | 1.13 |
| RoNW | 23.67% |
| PAT Margin | 3.69% |
| EBITDA Margin | 6.24% |
| Pre-Issue EPS | Rs. 7.91 |
Objects of the Issue
| Purpose | Amount (Rs. in crore) |
|---|---|
| Funding capex for Samakhiyali facility & hybrid power plant | 325.21 |
| Repayment/prepayment of borrowings | 55.01 |
| General corporate purposes | — |
Chanakya View
German Green Steel & Power Ltd. is a fast-growing integrated steel manufacturer with strong regional dominance in Gujarat under the German TMT brand.
The company’s vertically integrated model, robust dealer network, and renewable energy-backed operations provide a competitive edge in cost and sustainability.
Its financials reflect steady profitability and expansion, with RoNW at 23.67% and Debt/Equity at 1.13, indicating balanced leverage.
The upcoming IPO aims to fund capacity expansion and renewable power integration, which may significantly boost operational efficiency.
Chanakya Verdict:
⚙️ Promising steel sector player with green energy focus — worth tracking for medium to long-term investors once price band is announced.
Company Contact
German Green Steel & Power Ltd.
German House, Near Bharat Petrol Pump, Opp. Kochrab Ashram,
Paldi, Ahmedabad – 380007
📞 —
✉ secretarial@germansteel.in
🌐 www.germansteel.in
Registrar
Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
✉ ipo@bigshareonline.com
🌐 ipo.bigshareonline.com
Lead Managers
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Systematix Corporate Services Ltd.
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Emkay Global Financial Services Ltd.
Quicklinks
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Disclaimer
This content is for information and education purposes only. Chanakya Ni Pothi does not deal in Grey Market Premiums or advise based on GMP data. Please consult a SEBI-registered investment advisor before investing.
