The German Green Steel IPO GMP is currently ₹24 per share, according to the latest grey market update available on September 24, 2026. The IPO is scheduled to open for subscription on September 25, 2026, and will remain open until September 29, 2026.
German Green Steel and Power is entering the mainboard IPO market with an issue size of approximately ₹304 crore. The company has fixed its IPO price band at ₹132 to ₹139 per share, while the market lot consists of 107 shares.
The grey market premium can provide an indication of market sentiment before listing, but it is unofficial and can change quickly. Therefore, investors should consider the company’s business, financial information, valuation, and IPO documents rather than relying only on GMP.
Latest German Green Steel IPO GMP: ₹24
GMP Gain: 17.27%
IPO Price Band: ₹132–₹139
IPO Dates: September 25–29, 2026
German Green Steel IPO GMP Today
As of September 24, 2026, the German Green Steel IPO GMP stands at ₹24.
Based on the upper end of the IPO price band of ₹139, a GMP of ₹24 indicates an estimated grey-market price of around ₹163 per share. This represents a GMP-based gain of approximately 17.27% over the upper IPO price.
However, the estimated listing price derived from GMP is only an indication. The actual listing price can differ because the grey market is unofficial and its premium may fluctuate before the listing.
German Green Steel IPO GMP Trend
| Date | IPO GMP | GMP Trend | GMP Gain | Last Updated |
|---|---|---|---|---|
| September 24, 2026 | ₹24 | 🟢 | 17.27% | 09:47 |
| September 23, 2026 | ₹15 | 🟢 | 10.79% | 15:38 |
| September 22, 2026 | Not available | – | – | 13:14 |
German Green Steel IPO Details
German Green Steel is launching a mainboard IPO with an issue size of approximately ₹304 crore. The price band has been fixed between ₹132 and ₹139 per equity share.
Here are the key details:
| Particulars | Details |
|---|---|
| IPO Name | German Green Steel IPO |
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹132 to ₹139 |
| Issue Size | Approx. ₹304 crore |
| Fresh Issue | Approx. ₹290 crore |
| Offer for Sale | Approx. 10,00,000 equity shares |
| Issue Type | Book Built Issue |
| Market Lot | 107 shares |
| Listing | BSE and NSE |
The IPO consists of a fresh issue of approximately ₹290 crore along with an offer for sale of around 10 lakh equity shares, according to the supplied information.
German Green Steel IPO Important Dates
The IPO will open on September 25 and close on September 29, 2026. The basis of allotment is scheduled for September 30, followed by refunds and demat credit on October 1.
The proposed listing date is October 5, 2026.
| IPO Event | Date |
|---|---|
| IPO Opens | September 25, 2026 |
| IPO Closes | September 29, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refunds | October 1, 2026 |
| Credit to Demat Account | October 1, 2026 |
| IPO Listing | October 5, 2026 |
German Green Steel IPO Lot Size and Investment Amount
The German Green Steel IPO market lot is 107 shares.
At the upper price band of ₹139 per share, one lot would require approximately:
107 × ₹139 = ₹14,873
At the lower price band of ₹132, the value of one lot would be:
107 × ₹132 = ₹14,124
Therefore, investors applying for one lot would need approximately ₹14,124 to ₹14,873, depending on the final bid price.
| Price | Shares | Approx. Amount |
|---|---|---|
| ₹132 | 107 | ₹14,124 |
| ₹139 | 107 | ₹14,873 |
The exact application requirements should be confirmed in the final IPO application details.
German Green Steel IPO Expected Listing Price
The latest reported GMP is ₹24. If the premium remains at ₹24 and the upper IPO price of ₹139 is used as the reference price, the implied grey-market price would be:
₹139 + ₹24 = ₹163
This translates into an indicative gain of around 17.27% over the upper IPO price.
| Calculation | Amount |
|---|---|
| Upper IPO Price | ₹139 |
| Current GMP | ₹24 |
| Indicative GMP Price | ₹163 |
| Indicative Gain | 17.27% |
This calculation should not be interpreted as a guaranteed listing price or return. GMP is based on unofficial market activity and can change before the shares begin trading.
Business Overview
German Green Steel and Power was founded in 2008 and has a presence in the iron and steel manufacturing sector in Gujarat.
According to the supplied company information, its product portfolio includes TMT bars, MS billets, and sponge iron. The company primarily operates on a B2B model and serves three broad customer categories: distributors, dealers, and institutional customers.
The company’s TMT products are marketed under the German TMT brand, which has a presence in Gujarat.
German Green Steel operates two manufacturing facilities. One facility is located in Ahmedabad, Gujarat, while another, known as the Samakhiyali Facility, is located close to Gujarat’s ports.
The company is also planning to increase its TMT bar production capacity at the Samakhiyali facility from approximately 181,500 MTPA to 346,500 MTPA, based on the information supplied.
German Green Steel IPO Manufacturing Capacity Expansion
The proposed expansion at the Samakhiyali facility is an important part of the company’s stated plans.
The existing TMT bar production capacity is approximately 181,500 MTPA, while the planned capacity is approximately 346,500 MTPA.
| Particular | Capacity |
|---|---|
| Existing TMT Bar Capacity | 181,500 MTPA |
| Planned TMT Bar Capacity | 346,500 MTPA |
The company has not provided enough information in the supplied material to independently assess the financial impact of this expansion. Investors should therefore refer to the company’s RHP and other official IPO documents for detailed project and financial information.
A useful internal link here could be IPO fundamentals and company analysis, helping readers understand why business performance matters alongside GMP.
What Does German Green Steel IPO GMP Mean?
GMP stands for Grey Market Premium. It represents the premium at which an IPO’s shares are reportedly being traded in the unofficial grey market before their stock-exchange listing.
For example, if an IPO has an upper price of ₹139 and its GMP is ₹24, the implied grey-market price would be ₹163.
However, grey-market transactions are outside the official stock-exchange mechanism. GMP can rise or fall depending on market sentiment, demand, broader market conditions, and other factors.
Therefore, GMP should be treated as an indicator rather than a guarantee of listing performance.
German Green Steel IPO GMP vs IPO Price
The current GMP can be compared with the IPO’s upper price band to understand the reported premium.
| Metric | Value |
|---|---|
| IPO Upper Price | ₹139 |
| GMP | ₹24 |
| GMP Percentage | 17.27% |
| Indicative Price | ₹163 |
The current GMP of ₹24 represents a premium of approximately 17.27% over the upper IPO price of ₹139.
Nevertheless, this percentage can change whenever the GMP changes.
Should You Rely on German Green Steel IPO GMP?
GMP can be useful for tracking pre-listing market sentiment, but it should not be the sole factor used when evaluating an IPO.
Investors should also review:
- Company’s financial performance
- Revenue and profitability
- Debt and liabilities
- IPO valuation
- Use of IPO proceeds
- Industry conditions
- Business risks
- Promoter and management information
- Details provided in the RHP
The German Green Steel IPO GMP can change rapidly, so readers should check the latest available figure rather than relying on an older update.
FAQs
The German Green Steel IPO GMP is ₹24 as of September 24, 2026, according to the supplied latest grey-market update.
The German Green Steel IPO price band has been fixed at ₹132 to ₹139 per share.
Based on a GMP of ₹24 and the upper IPO price of ₹139, the indicative grey-market price is approximately ₹163 per share. This is not a guaranteed listing price.
The German Green Steel IPO market lot is 107 shares. At ₹139 per share, one lot would cost approximately ₹14,873.
According to the supplied IPO schedule, German Green Steel shares are scheduled to list on October 5, 2026, on BSE and NSE.
key Takeaways
The German Green Steel IPO GMP currently stands at ₹24, compared with ₹15 on September 23. At the upper IPO price of ₹139, the latest GMP indicates an unofficial premium of approximately 17.27%.
The IPO is scheduled to open on September 25, 2026, and close on September 29, 2026. The issue has a price band of ₹132–₹139 and a market lot of 107 shares.
While GMP can help investors understand unofficial pre-listing sentiment, it should not be treated as a guaranteed return or listing price. The premium may change before listing, and the actual market price will ultimately be determined after the shares begin trading on the stock exchanges.
Disclaimer: Grey Market Premium figures are unofficial and can change at any time. GMP should not be considered a guarantee of listing gains or investment returns. Investors should read the company’s official IPO allotment documents carefully and evaluate the company’s fundamentals, valuation, risks, and financial information before making any investment decision.