German Green Steel and Power (GTMT) IPO
Steel • ₹304cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Vulnerability to raw material price volatility and supply disruptions.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹132-139
Lot Size
107 shares
Issue Size
₹304cr
Open
25 Sept 2026
Close
29 Sept 2026
Subscription
3.74×
GMP +₹27.5 → est. ₹166.5
IPO Schedule
| Issue Open Date | 25 Sept 2026 |
| Issue Close Date | 29 Sept 2026 |
| Allotment Date | 30 Sept 2026 |
| Listing Date | 05 Oct 2026 |
About German Green Steel and Power (GTMT)
German Green Steel & Power Limited is a vertically integrated iron and steel manufacturer primarily operating in western India, with a focus on TMT bars. Its product portfolio mainly comprises TMT bars, MS billets, and sponge iron, with TMT bar manufacturing capabilities ranging from 8 mm to 40 mm. The company has also commenced production of cut and bent bars and epoxy-coated TMT bars as value-added steel products. It also plans to further produce and sell corrosion-resistant TMT bars. The company has two manufacturing facilities in Gujarat. The Samakhiyali facility is vertically integrated, while the Viramgam facility is operated through its material subsidiary, German TMT Private Limited. Steel scrap is one of its primary raw materials and is used to recycle ferrous material into finished steel products. Its corporate and registered office is located in Ahmedabad, Gujarat, while the Samakhiyali facility is located near ports in Gujarat.
Company Details
Founders / Promoters
Mr Abdulhaq Shamsulhaq Iraki
Founded
2008
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
3.74×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹139
GMP
+₹27.5
Est. Listing
₹166.5
Est. Gain
+19.8%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
German Green Steel and Power (GTMT) — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.3x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Vertically integrated iron and steel manufacturer in Gujarat.
- Captive and hybrid wind-solar plants reduce operational energy costs.
- Diversified network of distributors, dealers, and institutional clients.
- Strong capacity expansion strategy for TMT bars and value-added products.
- ISO-certified manufacturing facilities ensuring stringent product quality.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of German Green Steel and Power (GTMT) IPO?
The price band is ₹132-139 per share with a lot size of 107 shares. Minimum investment: ₹14,873.
What does German Green Steel and Power (GTMT) do?
German Green Steel & Power Limited is a vertically integrated iron and steel manufacturer primarily operating in western India, with a focus on TMT bars. Its product portfolio mainly comprises TMT bars, MS billets, and sponge iron, with TMT bar manufacturing capabilities ranging from 8 mm to 40 mm. The company has also commenced production of cut and bent bars and epoxy-coated TMT bars as value-added steel products. It also plans to further produce and sell corrosion-resistant TMT bars. The company has two manufacturing facilities in Gujarat. The Samakhiyali facility is vertically integrated, while the Viramgam facility is operated through its material subsidiary, German TMT Private Limited. Steel scrap is one of its primary raw materials and is used to recycle ferrous material into finished steel products. Its corporate and registered office is located in Ahmedabad, Gujarat, while the Samakhiyali facility is located near ports in Gujarat.
Should I apply for German Green Steel and Power (GTMT) IPO?
German Green Steel and Power (GTMT) is drawing muted interest at 3.7x overall subscription (QIB 1.3x, retail 4.4x). IPOFins Score 4/10: Driven by QIB demand at 1.3x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded German Green Steel and Power (GTMT)?
German Green Steel and Power (GTMT) was founded by Mr Abdulhaq Shamsulhaq Iraki in 2008.