German Green Steel IPO — GMP Today, Price Band, Dates & Listing
German Green Steel IPO (German Green Steel and Power, NSE: GERMAN) opened on 25 Sep 2026 and closed on 29 Sep 2026 on NSE. Price band Rs 132–139, lot size 107 shares (minimum application Rs 14,873, one lot at the upper band). Listed on 5 Oct 2026 at -7.68% over the issue price on day one.
German Green Steel IPO details
| Status | Listed |
| Open date | 25 Sep 2026 |
| Close date | 29 Sep 2026 |
| Price band | Rs 132–139 |
| Lot size | 107 shares |
| Minimum investment | Rs 14,873 (one lot at the upper band) |
| Face value | Rs. 10 per Equity Share |
| Issue type | Book Building |
| Issue size (NSE summary) | Initial Public offer comprising of Fresh issue aggregating up to Rs. 29,000 lakhs and Offer for Sale of up to 10,00,000 Equity Shares (including Anchor investor portion of 65,58,991 Equity Shares) |
| Listing date | 5 Oct 2026 (listed) |
| Exchange | NSE |
| Lead managers | Systematix Corporate Services Limited, Emkay Global Financial Services Limited and Pantomath Capital Advisors Private Limited |
| Registrar | Bigshare Services Private Limited |
| NSE symbol | GERMAN |
| Prospectus | Red herring prospectus (NSE archive, zip) |
Face value, lot, issue type, issue size, lead managers and registrar are as filed on NSE's IPO detail page (GERMAN). Page data as of 10 Oct 2026.
Subscribed 23.21x on NSE (NSE + BSE combined 29.00x) as of 29 Sep 2026, 19:00 IST (NSE). Category and day-wise breakdown.
Key dates
| Issue opens | 25 Sep 2026 |
| Issue closes | 29 Sep 2026 |
| Basis of allotment | 30 Sep 2026 (expected, T+1) |
| Refunds / demat credit | 1 Oct 2026 (expected, T+2) |
| Listing | 5 Oct 2026 (listed) on NSE |
Post-close dates follow SEBI's T+3 listing timeline counted in working days from the close; registrar and exchange notices are final.
German Green Steel GMP history
| Date | GMP | Trend | Est. gain |
|---|---|---|---|
| 1 Oct | Rs 13.00 | — | 9.35% |
| 30 Sep | Rs 13.00 | ▲ | 9.35% |
| 29 Sep | Rs 10.00 | ▼ | 7.19% |
| 28 Sep | Rs 28.00 | — | 20.14% |
| 27 Sep | Rs 28.00 | — | 20.14% |
| 26 Sep | Rs 28.00 | — | 20.14% |
| 25 Sep | Rs 28.00 | — | 20.14% |
| 24 Sep | Rs 28.00 | ▲ | 20.14% |
| 23 Sep | Rs 15.00 | — | 10.79% |
Grey-market quotes as tracked daily from 23 Sep – 1 Oct 2026 (9 snapshots). Est. gain is GMP as a share of the upper price band. GMP is unofficial and unregulated; a rising trend is not a forecast.
German Green Steel listing performance
| Issue price | Rs 139.00 |
| Listed on | 2026-10-05 |
| Listing day open | Rs 142.00 |
| Listing day close | Rs 128.33 |
| Listing gain (close vs issue) | -7.68% |
| Latest close | Rs 112.46 |
| Return since issue | -19.09% |
Listing-day and latest prices from NSE end-of-day data (symbol GERMAN). Latest close as of 2026-10-09. Listing-day gain is measured within the listing week and is unaffected by corporate actions; return since issue is price-only, excludes dividends and is not adjusted for splits or bonuses.
What the GMP means for German Green Steel
Grey Market Premium (GMP) is the unofficial premium at which an IPO's shares change hands before listing. A positive GMP signals bullish pre-listing sentiment, but it is unregulated, volatile and routinely diverges from the actual listing price in both directions — treat it as a thermometer, never a forecast. Read our full What is GMP? guide for how the grey market works.
Apply, allotment and listing
- How to apply: step-by-step UPI/ASBA instructions in our IPO application guide.
- Allotment status: registrar link and the T+3 timeline on the German Green Steel allotment page.
- Compare with other issues: the full live board is on IPO GMP Today and the IPO Calendar.
- Need a demat account? see best brokers for IPO applications.
FAQs on German Green Steel IPO
What is German Green Steel IPO GMP today?
German Green Steel has listed, so its grey market premium no longer applies. The listing performance table on this page has the actual debut price and gain.
When did the German Green Steel IPO open and close?
German Green Steel's subscription window opened on 25 Sep 2026 and closed on 29 Sep 2026.
What is the German Green Steel IPO price band and lot size?
For German Green Steel, the price band is Rs 132–139 and one lot is 107 shares (minimum application Rs 14,873, one lot at the upper band).
Who is the registrar for the German Green Steel IPO?
The registrar to the German Green Steel IPO is Bigshare Services Private Limited (as filed on NSE). Allotment status is checked on the registrar's website once the basis of allotment is finalised — the link is on our German Green Steel allotment status page.
How did German Green Steel perform on listing day?
German Green Steel listed on 5 Oct 2026 and closed its first day at Rs 128.33, -7.68% against the issue price (NSE end-of-day data).