The German Green Steel IPO, valued at ₹303.90 crore, combined a fresh issue of shares worth ₹290 crore and an offer for sale (OFS) of 10 lakh shares valued at ₹13.90 crore. Investors eagerly awaited the allotment status, which was expected to be finalized on Wednesday, September 30, 2026. This article explains how to check the allotment status online and provides details about the IPO subscription and listing schedule.
- The IPO was subscribed 28.98 times overall.
- Non-institutional investors subscribed 54.03 times.
- Retail individual investors subscribed 22.83 times.
- Qualified institutional buyers (QIBs) subscribed 20.93 times.
- Allotment status available on NSE, BSE, and Bigshare Services websites.
- Shares to list on NSE and BSE on Monday, October 5, 2026, at 10 am.
What is the German Green Steel IPO and its purpose?
German Green Steel and Power Ltd is a vertically integrated iron and steel manufacturing company. Its product range includes TMT bars, MS billets, and sponge iron. The company raised ₹303.90 crore through this IPO, with ₹290 crore coming from fresh shares and ₹13.90 crore from an offer for sale of existing shares.
The funds raised from the fresh issue will be used to expand the manufacturing unit located at Samakhiyali in Kutch, Gujarat. Additionally, the company plans to establish a hybrid wind and solar power plant, clear existing debt, and support general corporate purposes.
How was the subscription for the IPO?
The IPO saw strong investor interest, with total bids amounting to 46,54,94,191 shares against an offer of 1,60,62,879 shares. This resulted in an overall subscription rate of 28.98 times.
Breaking down the subscription by category:
- Non-institutional investors subscribed 54.03 times the shares allocated to them.
- Retail individual investors subscribed 22.83 times their quota.
- Qualified institutional buyers (QIBs) subscribed 20.93 times their allocation.
When and how can investors check the IPO allotment status?
The basis of allotment for the German Green Steel IPO was expected to be finalized by late evening on Wednesday, September 30, 2026. Investors can check their allotment status online through the official websites of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Bigshare Services.
To verify the allotment status, investors need to visit these websites and enter their application details such as PAN number or application number. This process helps investors confirm whether they have been allotted shares in the IPO.
When will German Green Steel shares be listed on stock exchanges?
The shares of German Green Steel and Power Ltd are scheduled to debut on the NSE and BSE on Monday, October 5, 2026, at 10 am. Once listed, investors will be able to trade the shares on these exchanges.
Frequently Asked Questions
Q: What was the total size of the German Green Steel IPO?
A: The IPO was worth ₹303.90 crore, consisting of a ₹290 crore fresh issue and an offer for sale of shares worth ₹13.90 crore.
Q: How can I check my allotment status for this IPO?
A: You can check the allotment status on the NSE, BSE, or Bigshare Services websites by entering your application details.
Q: When will the shares start trading on the stock exchanges?
A: The shares will list on the NSE and BSE on Monday, October 5, 2026, at 10 am.
Q: What will the company use the IPO proceeds for?
A: The funds will be used to expand the manufacturing unit, set up a hybrid wind and solar power plant, clear debt, and for general corporate purposes.
