Mumbai: German Green Steel and Power Limited, which is a vertically integrated iron and steel manufacturer primarily operating with a presence in Gujarat with a main focus on TMT Bars, has garnered Rs 91.16 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Friday, September 25, 2026.

The company informed the bourses that it allocated 65,58,991 equity shares at Rs 139 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include Necta Bloom VCC – Necta Bloom One, Lords Multigrowth Fund, Compact Structure Fund, Arnesta Global Opportunities Fund PCC – Arnesta Global Fund 1, Zeal Global Opportunities Fund and Venus Investments VCC – Venus Stellar Fund.

Systematix Corporate Services Limited, Emkay Global Financial Services Limited, and Pantomath Capital Advisors Private Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.

The equity shares are proposed to be listed on NSE and BSE.