German Green Steel IPO Subscription Day 3: Issue Subscribed 30.41 Times

Mumbai, September 29: German Green Steel IPO closed for subscription on Tuesday, September 29, 2026, after receiving bids for 46,54,09,340 shares against 1,53,04,318 shares offered to investors. The issue was subscribed 30.41 times overall as of 5:03 PM on Day 3.

The NII category recorded the highest subscription at 56.76 times, while the QIB (Ex Anchor) portion was subscribed 21.91 times. The retail portion received bids for 18,34,43,368 shares against 76,52,158 shares offered, resulting in a subscription of 23.97 times.

With the bidding process now closed, investors will next track the German Green Steel IPO allotment, which is scheduled for September 30, 2026.

German Green Steel IPO Subscription Status

The QIB (Ex Anchor) category received bids for 9,58,05,874 shares against 43,72,664 shares offered, resulting in a subscription of 21.91 times.

The NII category was subscribed 56.76 times, with bids for 18,61,60,098 shares against 32,79,496 shares available.

Within the NII segment, the bNII portion for applications above ₹10 lakh was subscribed 56.78 times, while the sNII portion for applications below ₹10 lakh was subscribed 56.73 times.

The retail portion received bids for 18,34,43,368 shares against 76,52,158 shares offered, translating into a subscription of 23.97 times.

Overall, the issue received bids for 46,54,09,340 shares against 1,53,04,318 shares offered, taking the total subscription to 30.41 times.

The total amount of bids stood at approximately ₹6,469.19 crore, based on the upper end of the price band.

The issue received 16,07,727 applications as of the latest update.

Day-wise German Green Steel IPO Subscription

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 25 (Day 1)	1.39x	2.59x	2.65x	2.46x	1.74x	1.82x
Sep 28 (Day 2)	1.40x	8.22x	6.82x	11.01x	6.47x	5.39x
Sep 29 (Day 3)	21.91x	56.76x	56.78x	56.73x	23.97x	30.41x

The German Green Steel IPO closed for subscription on September 29, 2026.

German Green Steel IPO Details

German Green Steel IPO is a ₹303.90 crore book-built issue comprising a fresh issue of 2.09 crore shares aggregating to ₹290 crore and an offer for sale of 10 lakh shares aggregating to ₹13.90 crore.

The IPO carried a price band of ₹132 to ₹139 per share and a lot size of 107 shares. At the upper end of the price band, the minimum investment required for a retail investor was ₹14,873.

The issue opened for subscription on September 25, 2026, and closed on September 29, 2026.

The shares are proposed to be listed on the BSE and NSE, with a tentative listing date of October 5, 2026.

Systematix Corporate Services Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue.

German Green Steel IPO Issue Size

Particulars	Details
Total Issue Size	2,18,63,309 shares
Fresh Issue	2,08,63,309 shares
Fresh Issue Amount	₹290 crore
Offer for Sale	10,00,000 shares
Offer for Sale Amount	₹13.90 crore
Face Value	₹10 per share
Price Band	₹132 to ₹139
Issue Price	₹139 per share
Lot Size	107 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh capital cum OFS
Listing Platform	BSE, NSE

German Green Steel IPO Reservation

German Green Steel IPO comprises 2,18,63,309 shares. Of this, 1,09,31,655 shares, or 50% of the total issue, are allocated to QIBs, 32,79,496 shares, or 15%, are allocated to NIIs and 76,52,158 shares, or 35%, are allocated to retail investors.

Investor Category	Shares	% of Total Issue
QIB	1,09,31,655	50.00%
Anchor Investor	65,58,991	30.00%
QIB (Ex Anchor)	43,72,664	20.00%
NII	32,79,496	15.00%
bNII (> ₹10L)	21,86,331	10.00%
sNII (< ₹10L)	10,93,165	5.00%
Retail	76,52,158	35.00%
Total	2,18,63,309	100.00%

German Green Steel IPO Lot Size

Investors could bid for a minimum of 107 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	107	₹14,873
Retail (Max)	13	1,391	₹1,93,349
S-HNI (Min)	14	1,498	₹2,08,222
S-HNI (Max)	67	7,169	₹9,96,491
B-HNI (Min)	68	7,276	₹10,11,364

German Green Steel IPO Anchor Investors

German Green Steel IPO raised ₹91.17 crore from anchor investors ahead of the public issue.

The anchor bidding took place on September 24, 2026, with 65,58,991 shares offered to anchor investors.

The lock-in period for 50% of the anchor shares ends on October 30, 2026, while the lock-in period for the remaining shares ends on December 29, 2026.

German Green Steel IPO Allotment and Listing

The German Green Steel IPO closed for subscription on September 29 after the issue was subscribed 30.41 times.

The tentative German Green Steel IPO allotment date is September 30, 2026. Refunds are scheduled for October 1, while shares are expected to be credited to successful applicants on the same day.

The IPO is tentatively scheduled to list on the BSE and NSE on October 5, 2026.

German Green Steel IPO Timeline

Event	Date
IPO Open	September 25, 2026
IPO Close	September 29, 2026
Allotment	September 30, 2026
Refund	October 1, 2026
Credit of Shares	October 1, 2026
Listing	October 5, 2026

About German Green Steel & Power Ltd

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 TMT bars.

The company primarily operates on a business-to-business basis, serving three major customer groups: distributors, dealers and institutional customers. The brand “German TMT” has established recognition for TMT bars in Gujarat.

Conclusion

German Green Steel IPO closed for subscription on September 29, 2026, with an overall subscription of 30.41 times.

The NII category recorded the highest subscription at 56.76 times, followed by the retail category at 23.97 times and QIB (Ex Anchor) at 21.91 times.

Investors will now track the German Green Steel IPO allotment on September 30, followed by refunds and share credit on October 1. The IPO is scheduled to list on the BSE and NSE on October 5, 2026.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=GERMAN&series=EQ&type=Active