German Green Steel and Power (GTMT)
LISTEDIPO Date: 25 Sept - 29 Sept 2026
Listing Date: 5 Oct 2026
Price Range
Rs.132 - Rs.139
Issue Size
304 Cr
Min Investment
₹14,124
Min Application
107 Shares
Schedule of German Green Steel and Power (GTMT)
Issue open date
25 Sept 2026
Issue close date
29 Sept 2026
UPI mandate deadline
29 Sept 2026 (5 PM)
Allotment finalization
30 Sept 2026
Share credit
1 Oct 2026
Listing date
5 Oct 2026
Mandate end date
14 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 304 Cr |
| Fresh Issue | 290 Cr |
| Offer for Sale | 13.9 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 30 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 5 Oct 2026Latest | ₹139 | ₹9 | ₹148(+6.83%) |
| 4 Oct 2026 | ₹139 | ₹9 | ₹148(+6.83%) |
| 3 Oct 2026 | ₹139 | ₹10 | ₹149(+7.55%) |
| 2 Oct 2026 | ₹139 | ₹11 | ₹150(+8.27%) |
| 1 Oct 2026 | ₹139 | ₹13 | ₹152(+9.71%) |
| 30 Sept 2026 | ₹139 | ₹13 | ₹152(+9.35%) |
| 29 Sept 2026 | ₹139 | ₹13 | ₹152(+9.35%) |
| 28 Sept 2026 | ₹139 | ₹26 | ₹165(+18.71%) |
| 27 Sept 2026 | ₹139 | ₹29 | ₹168(+20.86%) |
| 26 Sept 2026 | ₹139 | ₹27 | ₹166(+19.78%) |
| 25 Sept 2026 | ₹139 | ₹26 | ₹165(+18.71%) |
| 24 Sept 2026 | ₹139 | ₹29 | ₹168(+20.86%) |
| 23 Sept 2026 | ₹139 | ₹24 | ₹163(+17.27%) |
| 22 Sept 2026 | ₹139 | ₹15 | ₹154(+10.79%) |
Performance German Green Steel and Power (GTMT)
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.132 - Rs.139 | ₹ 142 (2.16%) | ₹ 103.51 | -25.53% |
About German Green Steel and Power (GTMT)
German Green Steel & Power Limited is a vertically integrated iron and steel manufacturer primarily operating in western India, with a focus on TMT bars. Its product portfolio mainly comprises TMT bars, MS billets, and sponge iron, with TMT bar manufacturing capabilities ranging from 8 mm to 40 mm. The company has also commenced production of cut and bent bars and epoxy-coated TMT bars as value-added steel products. It also plans to further produce and sell corrosion-resistant TMT bars. The company has two manufacturing facilities in Gujarat. The Samakhiyali facility is vertically integrated, while the Viramgam facility is operated through its material subsidiary, German TMT Private Limited. Steel scrap is one of its primary raw materials and is used to recycle ferrous material into finished steel products. Its corporate and registered office is located in Ahmedabad, Gujarat, while the Samakhiyali facility is located near ports in Gujarat.
| Founded in | 2008 |
| Managing director | Mr Abdulhaq Shamsulhaq Iraki |
| Parent organization |
Financial Overview
Strengths
5- 1
Vertically integrated iron and steel manufacturer in Gujarat.
- 2
Captive and hybrid wind-solar plants reduce operational energy costs.
- 3
Diversified network of distributors, dealers, and institutional clients.
- 4
Strong capacity expansion strategy for TMT bars and value-added products.
- 5
ISO-certified manufacturing facilities ensuring stringent product quality.
Risks
5- 1
High dependence on the top 10 customers for a majority of revenue.
- 2
Vulnerability to raw material price volatility and supply disruptions.
- 3
Operations are highly concentrated geographically within Gujarat.
- 4
Expansion plans face risks of delays, cost overruns, and missing approvals.
- 5
High indebtedness with stringent covenants could restrict operations.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 21.91 |
| Non-Institutional Investors (NIIs) | 56.77 |
| Retail Individual Investors (RIIs) | 23.98 |
| Employee | N/A |
| Total | 30.42 |