About the German Green Steel & Power IPO
German Green Steel & Power is a Mainboard issue listing on Equity with an issue size of 303.9. The price band is ₹132-139 per share and one lot is 107 shares. Bidding runs from 25 Sep 2026 to 29 Sep 2026. The minimum application is one lot, which costs ₹14,873 at the upper band.
What the GMP implies
At the last recorded GMP of ₹9.5, the grey market is pricing German Green Steel & Power at about ₹148 on listing, against the upper price band of ₹139, or roughly ₹1,016 per lot.
.GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
German Green Steel & Power IPO key dates
| Bidding opens | 25 Sep 2026 |
| Bidding closes | 29 Sep 2026 |
| Allotment | 30 Sep 2026 |
| Refunds start | 1 Oct 2026 (expected) |
| Shares credited to demat | 1 Oct 2026 (expected) |
| Listing | 5 Oct 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 107 | ₹14,873 |
| Retail (max) | 13 | 1,391 | ₹1,93,349 |
| Small HNI (min) | 14 | 1,498 | ₹2,08,222 |
| Small HNI (max) | 67 | 7,169 | ₹9,96,491 |
| Big HNI (min) | 68 | 7,276 | ₹10,11,364 |
Retail bids are capped at ₹2 lakh; small HNI is ₹2–10 lakh; big HNI is above ₹10 lakh. Amounts at the upper price band.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick German Green Steel & Power, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 30 Sep 2026 using the button above.