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IPO-Synopsis
German Green Steel & Power Ltd
  • Registered Office: German House Nr Bharat Petrol,Pump Opp Kochrab Ashram Paldi, Ahmedabad - 380007, Gujarat, India. Phone : +91 7211133101/9723555100   Fax:
  • Email : secretarial@germansteel.in
  • Website :www.germansteel.in
Initial public offering of 2,18,63,309 equity shares of face value of Rs. 10 each ("Equity Shares") of German Green Steel and Power Limited ("Company") for cash at a price of Rs. 139 per equity share (including a share premium of Rs. 129 per equity share) ("Offer Price") aggregating to Rs. 303.9 Crores (the "Offer") comprising a fresh issue of 2,08,63,309 equity shares of face value of Rs. 10 each aggregating to Rs. 290.00 Crores by the company ("Fresh Issue") and an offer for sale of 10,00,000 equity shares of face value of Rs. 10 each ("Offered Shares") aggregating to Rs. 13.9 Crores comprising an offer for sale of 5,00,000 equity shares of face value of Rs. 10 each by Inamulhaq Shamsulhaq Iraki aggregating to Rs. 6.95 Crores, and 5,00,000 equity shares of face value of Rs. 10 each by Abdulhaq Shamsulhaq Iraki, aggregating to Rs. 6.95 Crores (collectively, "Promoter Selling Shareholders") and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (such offer for sale by the promoter selling shareholders, the "Offer For Sale" and together with the fresh issue, "the Offer"). The offer will constituted 29.02% of the post-offer paid-up equity share capital of the company. The company has, in consultation with the book running lead managers ("brlms"), undertaken pre-ipo placement of 18,38,000 fully paid-up equity shares at an issue price of Rs. 270 per equity share (including a premium of Rs. 260 per equity share) for cash consideration aggregating to Rs. 49.63 Crores by way of a private placement on September 26, 2025 ("pre-ipo placement"), prior to filing of this red herring prospectus ("rhp"). the size of the fresh issue has been reduced by Rs. 49.63 Crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 290.00 Crores in compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957 ("scrr"). the pre-ipo placement has not exceeded 20% of the size of the fresh issue. The company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The company has reported the pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement has been appropriately made in the relevant sections of this rhp and will be made in the relevant sections of the prospectus. Price Band: Rs. 139 for equity share of face value of Rs. 10/- each. The floor price is 13.90 times of the face value of the equity shares. Bids can made for a minimum of 107 equity shares of face value of Rs. 10/- each and in multiples of 107 equity shares of face value of Rs. 10/- each thereafter.
Issue
Opens On Closes On
25-Sep-26 29-Sep-26
Money Payable On
Application Allotment
139.00 0.00
Minimum Application for shares in Nos : 107 Further Multiples of : 107
Cr Lead Managers to the Issue
Project Cost (.Cr) 263.53 Emkay Global Financial Services Ltd
Project Financed through Current Offer (.Cr) 303.90  
Post Issue Equity Share Capital (.Cr) 75.35
Issue Price () 139.00
Projects
Funding the capital expenditure requirements of our Company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant ("Project")
Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company.
General corporate purposes.
Promoted By
Inamulhaq Shamsulhaq Iraki
Abdulhaq Shamsulhaq Iraki
Ibrarulhaq Inamulhaq Iraki
Listing At
BSE
NSE
Registrar to the Issue
Bigshare Services Pvt Ltd

DJIA 51284.68
86.72 0.17%
S&P 500 7793.50
49.78 0.64%
HANG SENG 24258.23
217.89 0.91%
NIKKEI 225 70716.70
769.84 1.10%
FTSE 100 10489.44
27.49 0.26%
NIFTY 22776.10
220.35 0.98%
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