Shares of German Green Steel are set to make their debut on the BSE and NSE today, October 5, with grey market trends indicating a strong listing performance. According to latest reports, the grey market premium (GMP) stands at ₹11, suggesting the stock could list at a 7.91% premium over the upper price band of ₹139. The company's shares are scheduled to list on both the NSE and BSE today, following the completion of IPO allotment on September 30. The estimated listing price at ₹150 represents a significant premium to the issue price, though investors should note that GMP is entirely unofficial and based on speculative unlisted market demand.
The ₹139-crore German Green Steel IPO was a book-built issue comprising a fresh issue of shares worth ₹139 crore. As reported by The Economic Times, the public issue opened for subscription on September 25, 2026, and closed on September 29. The IPO was subscribed 28.98 times overall by the close of bidding on September 29, the third and final day of the issue. The company had fixed the IPO price band at ₹139 per share with a lot size of 55 shares. The share allotment for the German Green Steel IPO was finalised on Wednesday, September 30, with the listing scheduled for Monday, October 5.
According to The Economic Times, the company proposes to utilize the entire proceeds of ₹139 crore for general corporate purposes. As of June 30, 2026, the company had 613 permanent employees and 1,327 contractual employees. IIFL Capital Services Ltd. and JM Financial Ltd. are the book-running lead managers to the issue, while KFin Technologies Ltd. is the registrar.
