German Green Steel & Power Ltd
GERMAN German Green Steel & Power Ltd
BSE IPO
Bidding dates25 Sep 2026 - 29 Sep 2026
Price range₹132 - ₹139
Min. investment₹14,873
Issue size303.9 Cr
Lot size107 Shares
IPO DocRHP
IPO Timeline
Start date
25 Sep 2026
End date
29 Sep 2026
Allotment date
30 Sep 2026
Refund initiation
01 Oct 2026
Share credit
01 Oct 2026
Deactivate mandate
05 Oct 2026
About company
Incorporated in 2008, German Green Steel and Power Limited is an iron and steel manufacturer primarily operating in the western region of India, with a strong presence in Gujarat and a focus on TMX Bars. The company is predominantly conducted on a business-to-business basis with three (3) major types of customers, namely (i) distributors, (ii) dealers and (iii) institutional customers. The brand “German TMT” has established strong recognition for TMT Bars in Gujarat.
Product Portfolio:
TMT Bars,
MS Billets, and
Sponge Iron, with
TMT bar
The company's manufacturing capabilities ranging from 8 mm to 40 mm. The corporate and registered office is located in Ahmedabad, Gujarat, and the Samakhiyali Facility is situated close to ports in Gujarat.
The company operates two manufacturing facilities in Gujarat: the Samakhiyali Facility, which is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited. They are currently in the process of expanding the installed capacity of Sponge Iron at their Samakhiyali Facility from 66,000 MTPA to approximately 1,48,500 MTPA, MS billets production capacity from 2,14,500 TPA to 4,12,500 TPA and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 MTPA to 346,500 MTPA.
For the nine months ended December 31, 2024, the majority of sales were generated through a network of distributors and dealers. Business operations are predominantly conducted on a business-to-business basis, catering to three primary customer segments: distributors, dealers, and institutional customers. These intermediaries supply products to builders and contractors.
As of March 31, 2026, the company's workforce comprised 1,357 employees, and they utilised the services of 143 contract labourers.
Founded in 2008
Managing director Abdulhaq Shamsulhaq Iraki
Parent organisation German Green Steel & Power IPO
Invest in German Green Steel & Power Ltd now!
Strengths and Risks
Strengths
The company operates an integrated manufacturing setup across sponge iron, mild steel (MS) billets, and TMT/TMX bars (marketed under the "German TMT" brand).
A major share of the fresh issue proceeds (approximately ?226.33 crore) is earmarked for scaling up manufacturing capacities at its Samakhiyali (Kutch, Gujarat) facility—boosting output for sponge iron and MS billets—alongside setting up the new hybrid renewable energy plant.
It holds strong brand recognition and distributor/dealer networks across western India, particularly in Gujarat, catering heavily to institutional and retail construction demand.
Risks
Operations and sales are heavily skewed toward Gujarat and western India, making the company susceptible to local economic shifts, state-level regulatory policies, or regional construction slowdowns.
As an iron and steel manufacturer, the company is exposed to heavy cyclicality in steel and TMT bar prices. Price corrections or sudden volatility in raw materials (like iron ore and coal) can compress operating margins.
The company carries significant contingent liabilities (including potential tax and legal disputes running into substantial amounts) which, if materialized, could adversely affect financial health.
Explore our feature-rich web trading platform
Get the link to download the App
