Moneycontrol BSE Share Price: German Green Steel IPO Debut

German Green Steel IPO Debut Details

On 5 October 2026, German Green Steel & Power Ltd. made its market debut on both the BSE and NSE after a three-day bidding window that closed on 29 September 2026. Investors searching for the moneycontrol bse share price of the newly listed stock saw the shares open at Rs 143.50 on the BSE, a 3.2 % premium over the issue price of Rs 139, while on the NSE the opening price was Rs 142, representing a 2.15 % premium (source).

Subscription Levels and Issue Structure

The IPO was a book‑built issue worth Rs 303.90 crore, comprising a fresh issue of 2.09 crore shares (Rs 290 crore) and an offer for sale of 10 lakh shares (Rs 13.90 crore). The price band was set at Rs 132–Rs 139 per share with a lot size of 107 shares, meaning retail applicants needed at least Rs 14,873 for one lot at the upper band.

Subscription data varied slightly between sources. According to the Economic Times, the issue received an overall subscription of 30.42 times, with retail 23.98 times, QIB (ex‑anchor) 21.91 times and NII 56.77 times (source). Zee Business reported a marginally lower aggregate subscription of 28.98 times, with QIB 20.93 times, NII 54.03 times and retail 22.83 times (source).

Use of Proceeds and Analyst Advice

Proceeds from the fresh issue are earmarked for capital expenditure. Around Rs 226.33 crore will fund a manufacturing facility at Samakhiyali in Kutch, Gujarat, and a hybrid wind‑solar power plant. About Rs 7.70 crore is slated for prepayment or repayment of certain borrowings, while the remainder will support general corporate purposes (source).

Market expert Anil Singhvi of Zee Business advised investors who hold the stock to keep a stop‑loss below the IPO price of Rs 139, citing the modest listing premium and advising caution on downside risk (source).

Financials for FY26 showed an 11 % rise in total income to Rs 1,685 crore from Rs 1,517 crore in FY25, and profit after tax increased from Rs 60 crore to Rs 80 crore. The company employs roughly 1,357 permanent staff and 143 contract workers, with a strong presence in Gujarat’s TMX Bars market.