German Green Steel IPO Subscription Status Day 1: Issue Subscribed 1.82 Times

Authored By HDFC SKY | Published at: Sep 25, 2026 06:26 PM IST

German Green Steel IPO was subscribed 1.82x on Day 1, with QIB at 1.39x, NII at 2.59x and retail at 1.74x as of 5:07 PM on September 25 2026.

German Green Steel IPO Subscription Status Day 1

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Mumbai, September 25: German Green Steel IPO is a book-built issue comprising a fresh issue of 2,08,63,309 shares aggregating ₹290 crore and an offer for sale of 10,00,000 shares aggregating ₹13.90 crore. The IPO opened for subscription on September 25 2026 and will close on September 29 2026. The price band has been fixed at ₹132 to ₹139 per share, with a lot size of 107 shares. The minimum investment required for retail investors is ₹14,873 at the upper end of the price band. The IPO is scheduled to list on the BSE and NSE on October 5 2026.

German Green Steel IPO Day 1 Subscription Status

As of 5:07 PM on September 25 2026, German Green Steel IPO was subscribed 1.82 times. The NII category recorded 2.59 times subscription, while the retail portion was subscribed 1.74 times. The QIB portion, excluding anchor investors, was subscribed 1.39 times.

Category	Subscription
QIB, excluding anchor	1.39x
NII	2.59x
bNII, above ₹10 lakh	2.65x
sNII, below ₹10 lakh	2.46x
Retail	1.74x
Total	1.82x

The anchor investor portion was subscribed 1.00x.

Category-wise German Green Steel IPO Subscription Status

By 5:07 PM on September 25 2026, the IPO had received bids for 2,78,43,754 shares against 1,53,04,318 shares offered, excluding the anchor investor portion.

Category	Shares Offered	Shares Bid For	Subscription
Anchor Investor	65,58,991	65,58,991	1.00x
QIB, excluding anchor	43,72,664	60,64,974	1.39x
NII	32,79,496	84,89,594	2.59x
bNII, above ₹10 lakh	21,86,331	58,04,429	2.65x
sNII, below ₹10 lakh	10,93,165	26,85,165	2.46x
Retail	76,52,158	1,32,89,186	1.74x
Total public issue	1,53,04,318	2,78,43,754	1.82x

The IPO had received 1,13,322 applications as of the reported timestamp.

German Green Steel Day-Wise Subscription Summary

The IPO opened on September 25 2026. Subscription data for Day 1 stood at the following levels as of 5:07 PM.

Date	QIB	NII	bNII	sNII	Retail	Total
September 25 2026, Day 1	1.39x	2.59x	2.65x	2.46x	1.74x	1.82x

German Green Steel IPO Timeline

IPO Milestone	Date
Issue Open Date	September 25 2026
Issue Close Date	September 29 2026
Basis of Allotment	September 30 2026
Initiation of Refunds	October 1 2026
Credit of Shares	October 1 2026
Listing Date	October 5 2026

Brief Overview Of The IPO

German Green Steel IPO comprises a total issue of 2,18,63,309 shares. The issue consists of a fresh issue of 2,08,63,309 shares aggregating ₹290 crore and an offer for sale of 10,00,000 shares aggregating ₹13.90 crore. The price band is ₹132 to ₹139 per share and the lot size is 107 shares. Retail investors can apply for a minimum of one lot, comprising 107 shares, requiring ₹14,873 at the upper price band.

The issue reservation comprises 50% for QIBs, 15% for NIIs and 35% for retail investors. Within the QIB portion, 65,58,991 shares, representing 30% of the total issue, were allocated to anchor investors, while 43,72,664 shares are reserved for QIBs excluding the anchor portion. Systematix Corporate Services Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar to the issue. The shares are proposed to be listed on the BSE and NSE.

Source:

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

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