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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the German Green Steel & Power Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹139
Per ShareLot Size
107 Shares
Minimum Investment
₹14,873
Issue Size
₹303.9 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.63%
Promoter Holding (Post-Issue)
68.54%
Issue Type
Book Building
ISIN
INE0D4501011
We are a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a presence in Gujarat with a main focus on TMT Bars. We have two (2) manufacturing facilities located in the state of Gujarat ("Manufacturing Facilities"): one located at Samakhiyali (the "Samakhiyali Facility") which is vertically integrated, and the other is located at Viramgam ("Viramgam Facility") which is operated through our Material Subsidiary- German TMT Private Limited.
Our Company was incorporated as "Haq Enterprises Private Limited" on July 09, 2008 as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The name of our Company was changed to "Haq Steels and Metaliks Private Limited" as approved by our Shareholders' vide special resolution dated April 5, 2018, and a fresh certificate of incorporation pursuant to change of name was issued by the Registrar of Companies, Gujarat at Ahmedabad ("RoC") dated April 12, 2018. Thereafter, our Company was converted to a public limited company, approved by our Shareholders' vide special resolution dated April 17, 2018, pursuant to which the name of our Company was changed to "Haq Steels and Metaliks Limited" and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the RoC dated May 4, 2018. Thereafter, the name of our Company was changed to "German Green Steel and Power Limited" as approved by our Shareholders' vide special resolution dated December 20, 2023 and a fresh certificate of incorporation pursuant to change of name was issued by the RoC dated January 18, 2024.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 2,18,63,309 equity shares of face value of Rs. 10 each ("Equity Shares") of German Green Steel and Power Limited ("Company") for cash at a price of Rs. 139 per equity share (including a share premium of Rs. 129 per equity share) ("Offer Price") aggregating to Rs. 303.9 Crores (the "Offer") comprising a fresh issue of 2,08,63,309 equity shares of face value of Rs. 10 each aggregating to Rs. 290.00 Crores by the company ("Fresh Issue") and an offer for sale of 10,00,000 equity shares of face value of Rs. 10 each ("Offered Shares") aggregating to Rs. 13.9 Crores comprising an offer for sale of 5,00,000 equity shares of face value of Rs. 10 each by Inamulhaq Shamsulhaq Iraki aggregating to Rs. 6.95 Crores, and 5,00,000 equity shares of face value of Rs. 10 each by Abdulhaq Shamsulhaq Iraki, aggregating to Rs. 6.95 Crores (collectively, "Promoter Selling Shareholders") and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (such offer for sale by the promoter selling shareholders, the "Offer For Sale" and together with the fresh issue, "the Offer"). The offer will constituted 29.02% of the post-offer paid-up equity share capital of the company. The company has, in consultation with the book running lead managers ("brlms"), undertaken pre-ipo placement of 18,38,000 fully paid-up equity shares at an issue price of Rs. 270 per equity share (including a premium of Rs. 260 per equity share) for cash consideration aggregating to Rs. 49.63 Crores by way of a private placement on September 26, 2025 ("pre-ipo placement"), prior to filing of this red herring prospectus ("rhp"). the size of the fresh issue has been reduced by Rs. 49.63 Crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 290.00 Crores in compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957 ("scrr"). the pre-ipo placement has not exceeded 20% of the size of the fresh issue. The company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The company has reported the pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement has been appropriately made in the relevant sections of this rhp and will be made in the relevant sections of the prospectus. Price Band: Rs. 139 for equity share of face value of Rs. 10/- each. The floor price is 13.90 times of the face value of the equity shares. Bids can made for a minimum of 107 equity shares of face value of Rs. 10/- each and in multiples of 107 equity shares of face value of Rs. 10/- each thereafter.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
*Subject to approvals and market conditions.