German Green Steel and Power (GTMT)
Gujarat-based iron and steel manufacturer producing TMT bars, MS billets and sponge iron through a vertically integrated setup.
Last updated 4 Oct 2026, 7:13 pm IST
- Price band
- ₹132 – ₹139
- Lot size
- 107
- Issue size
- ₹303.90 Cr (₹290 Cr fresh + ₹13.90 Cr OFS)
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹26 (~18.7%) (28 Sep evening; was ₹27 earlier)
- Subscription
- 3.04× (28 Sep evening)
- Listing date
- 5 Oct 2026
- Model prediction
- ~+19% expected → Subscribe. Book on track at 3.04× (day 4); GMP ₹26 (~19%).
The Ticker Tales take
German Green Steel and Power makes iron and steel products — TMT bars, MS billets and sponge iron — through a vertically integrated plant in Gujarat, selling to distributors, dealers and institutional buyers. FY26 revenue grew 11% to ₹1,685.4 crore and profit rose a stronger 33% to ₹79.9 crore. Of the ₹303.9 crore issue, ₹290 crore is fresh money for the company and a small ₹13.9 crore is promoters selling down — a healthy shape for a first-time applicant. Worth weighing: this is a commodity-steel business, so margins move with steel and raw-material prices rather than with anything the company controls. Demand is holding into the final day at about 3.04 times covered, while the grey market premium sits around ₹26, roughly 19% over the top of the band. We expect a moderate listing — a pop of around 19% — so this stays a Subscribe.
More details
- Sector
- Iron & steel (TMT bars, billets, sponge iron)
- FY26 PAT
- ₹79.89 Cr (+33%)
- Issue type
- Book-built (₹290 Cr fresh + ₹13.90 Cr OFS)
- FY26 revenue
- ₹1,685.38 Cr (+11%)
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
Want a heads-up when a new IPO opens?
We'll email you when one opens — and only then.
No spam, ever. Leave whenever you like.
Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.