• Price band of Rs 132– Rs 139 per Equity Share bearing face value of Rs. 10 each (“Equity Shares”)
  • Bid/Offer Opening Date – Friday, September 25, 2026 and Bid/Offer Closing Date – Tuesday, September 29, 2026
  • Minimum Bid Lot is 107 Equity Shares and in multiples of 107 Equity Shares thereafter

Mumbai: German Green Steel and Power Limited, has fixed the price band of Rs 132/- to Rs 139/- per Equity Share of face value Rs. 10/- each for its initial public offering.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.

Investors can bid for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter.

Equity shares outstanding as on date of the Red Herring Prospectus, are 5,44,85,888 equity shares of Rs. 10 each.

The IPO, with a face value of Rs 10, is a fresh issue up to Rs 290 crore and an offer for sale for up to 10,00,000 equity shares by Promoter Selling Shareholders, namely Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki. The promoters have been associated with the industry since 1976 and represent the third generation of the family actively involved in driving the business.

The Company has, in consultation with the book-running lead managers, undertaken a Pre-IPO Placement of 18,38,000 fully paid-up equity shares at an issue price of ₹270 per equity share (including a premium of ₹260 per equity share) for ₹49.62 crore by way of a private placement on September 26, 2025. The size of the fresh issue has been reduced by ₹49.62 crore pursuant to the Pre-IPO Placement and the revised size of the fresh issue is up to ₹290 crore.

The proceeds from its Fresh Issue worth Rs 226.33 crore will be utilized for funding the capital expenditure requirements of the Company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (“Project”), Rs 7.70 crore for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, and remaining proceeds of the Net Proceeds will be utilized for general corporate purpose.

The Offer is being made through the book-building process, in line with SEBI ICDR Regulations, with not more than 50% of the Offer reserved for Qualified Institutional Buyers (QIBs), not less than 15% of the Offer for Non-Institutional Investors (NIIs), and not less than 35% of the Offer for Retail Individual Investors (RIIs).

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.