German Green Steel IPO Listing: Shares Debut At ₹143.50, Fall 4.14% From Listing Price To ₹137.57

Mumbai, October 5, 2026: German Green Steel and Power shares debuted at ₹143.50 against the IPO issue price of ₹139 per share on October 5, 2026. The stock later declined, with shares trading at ₹137.57 as of 10:12:43 AM IST, down 4.14% from the listing price. 

The debut price represented a 3.24% premium over the IPO issue price. At the latest available snapshot, the shares were 1.03% below the issue price. 

German Green Steel Shares List At ₹143.50 Against ₹139 Issue Price 

German Green Steel and Power shares made their market debut at ₹143.50, compared with the final IPO issue price of ₹139 per share. 

The listing resulted in a gain of ₹4.50 per share, or 3.24%, over the issue price. The IPO had a price band of ₹132–₹139 per share, with the final issue price fixed at the upper end. 

Shares Fall 4.14% From Listing Price By 10:12 AM 

At 10:12:43 AM IST on October 5, 2026, German Green Steel shares were trading at ₹137.57. This was ₹5.93 below the ₹143.50 listing price, translating into a 4.14% decline from the debut level. 

The stock was also ₹1.43, or 1.03%, below the IPO issue price of ₹139 at the latest available snapshot. 

The displayed market data showed an opening price of ₹142, while the latest price stood at ₹137.57. 

₹303.90 Crore IPO Included Fresh Issue And OFS 

German Green Steel and Power raised ₹303.90 crore through a combination of a fresh issue and an offer for sale. 

The fresh issue comprised 2.09 crore shares aggregating to ₹290 crore, while the offer-for-sale component consisted of 10 lakh shares worth ₹13.90 crore. 

The total issue size was 2,18,63,309 shares, according to the IPO details. 

IPO Received 30.42 Times Subscription 

The German Green Steel IPO was subscribed 30.42 times overall by the close of bidding on September 29, 2026. 

The QIB portion, excluding the anchor allocation, was subscribed 21.91 times, while the NII category received 56.77 times subscription. The retail portion was subscribed 23.98 times. 

The IPO received 16,08,732 applications, with total bids for 46,54,88,199 shares against 1,53,04,318 shares offered, excluding the anchor portion. 

NII Subscription Reached 56.77 Times 

Within the NII category, the portion above ₹10 lakh was subscribed 56.78 times, while the portion below ₹10 lakh received 56.73 times subscription. 

QIB subscription excluding the anchor portion rose to 21.91 times by the final day, compared with 1.40 times at the end of September 28. 

Retail subscription increased to 23.98 times from 6.47 times on the second day of the issue. 

Shares Trade Below Listing Price After Debut 

German Green Steel shares moved from the ₹143.50 listing price to ₹137.57 by 10:12:43 AM IST, marking a 4.14% decline from the debut level. 

At the same time, the stock was 1.03% below its ₹139 IPO issue price, making the post-listing movement lower than both the debut price and the issue price. 

Source: 

• https://www.nseindia.com/get-quote/equity/GERMAN/German-Green-Steel-and-Power-Limited
• https://www.bseindia.com/stock-share-price/german-green-steel-and-power-ltd/german/544957