German Green Steel and Power (GTMT) IPO GMP today is Rs 3. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
GERMAN
German Green Steel and Power (GTMT) IPO GMP & Allotment
German Green Steel and Power is a vertically integrated iron and steel manufacturer primarily operating in the western region of India. The company focuses on manufacturing thermo-mechanically treated bars, mild steel billets, and sponge iron. It serves a diversified client base comprising distributors, dealers, and direct institutional customers across sectors like real estate, roadways, and thermal plants. The company operates two manufacturing facilities located in Samakhiyali and Viramgam in Gujarat. A notable feature of its operations is the integration of captive coal-based power plants, waste heat recovery systems, and hybrid wind and solar power setups, which provide cost-effective energy for its intensive manufacturing requirements. The company generates revenue predominantly from domestic sales within Gujarat, complemented by minor international exports, positioning itself as a key supplier in the regional steel supply chain.
- IPO Price Band
- ₹132.00 - ₹139.00
- Lot Size
- 107 Shares
- Bidding Closes
- 29 Sept 2026
- Listing Date
- 05 Oct 2026
Quick Answer & Highlights
German Green Steel and Power (GTMT) IPO GMP Today & Key Takeaways
Last updated: 05 Oct 2026
German Green Steel and Power (GTMT) IPO officially listed on 05 Oct 2026 at Rs 142.00, delivering a +2.16% listing gain compared to its issue price of Rs 303.90. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.
German Green Steel and Power (GTMT) IPO officially listed on 05 Oct 2026 at ₹142.00, delivering a +2.16% listing gain compared to its issue price of ₹303.90. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹3.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹3 | +2.16% vs upper band (05 Oct 2026) |
| Est. Listing Price | ₹142.00 | +2.16% Est. Listing Gain |
| Price Band | ₹132.00 - ₹139.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,873 | 1 Lot (107 Shares) |
| Bidding Window | 25 Sept 2026 – 29 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 30 Sept 2026 | Listing: 05 Oct 2026 |
Current GMP Status
₹3
+2.16% vs upper band
Est. Listing Gain
+2.16%
Last Trend
05 Oct 2026
Listing Price
₹142.00
Retail Entry
₹14,873
IPO Details
Complete IPO information
| IPO Open Date | 25 Sept 2026 |
|---|---|
| IPO Close Date | 29 Sept 2026 |
| IPO Price Band | ₹132.00 - ₹139.00 |
| Lot Size | 107 Shares |
| Current GMP | ₹3 |
| Estimated Listing Gain | +2.16% |
| Issue Size | Approx ₹303.90 Cr |
| Fresh Issue | Approx ₹290 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Bigshare Services Pvt. Ltd. |
| Overall Subscription | 28.98x |
| Minimum Investment | ₹14,873 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 45.78 | 958.06 | 20.93xx |
| NII | 34.45 | 1,861.65 | 54.03xx |
| Retail | 80.39 | 1,835.24 | 22.83xx |
| Overall Subscription | 160.63 | 4,654.94 | 28.98xx |
Day-wise demand
German Green Steel and Power (GTMT) IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (28 Sept) | 1.32x | 2.46x | 1.65x | 1.73x |
| Day 3 (29 Sept) | 1.34x | 7.82x | 6.15x | 5.14x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, German Green Steel and Power (GTMT) is priced at ₹139 per share. With a minimum lot size of 107 shares, a retail investor applying for one lot would need approximately ₹14,873 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for German Green Steel and Power (GTMT) stands at ₹3, implying an estimated listing gain of around 2.16% over the issue price if it holds until listing. This is down ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, German Green Steel and Power (GTMT)'s IPO was subscribed 28.98x overall, with a category-wise breakdown of Retail 22.83x, QIB 20.93x, NII 54.03x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
25 Sept 2026
✓
Bidding Closes
29 Sept 2026
✓
Allotment
30 Sept 2026
✓
Listing
05 Oct 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 25 Sept 2026 | Completed |
| Bidding Closes | 29 Sept 2026 | Completed |
| Allotment | 30 Sept 2026 | Completed |
| Listing | 05 Oct 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 05 Oct 2026 | ₹10.00 | -₹2.00 | 7.19% |
| 03 Oct 2026 | ₹12.00 | -₹2.00 | 8.63% |
| 02 Oct 2026 | ₹14.00 | +₹1.00 | 10.07% |
| 01 Oct 2026 | ₹13.00 | - | 9.35% |
| 30 Sept 2026 | ₹13.00 | -₹12.00 | 9.35% |
| 29 Sept 2026 | ₹25.00 | -₹4.00 | 17.99% |
| 28 Sept 2026 | ₹29.00 | +₹1.00 | 20.86% |
| 26 Sept 2026 | ₹28.00 | - | 20.14% |
| 25 Sept 2026 | ₹28.00 | +₹4.00 | 20.14% |
| 24 Sept 2026 | ₹24.00 | +₹9.00 | 17.27% |
| 23 Sept 2026 | ₹15.00 | - | 10.79% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 107 | ₹14,873 |
| Retail Maximum | 13 Lot | 1,391 | ₹1,93,349 |
| S-HNI Minimum | 14 Lot | 1,498 | ₹2,08,222 |
| S-HNI Maximum | 67 Lot | 7,169 | ₹9,96,491 |
| B-HNI Minimum | 68 Lot | 7,276 | ₹10,11,364 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
German Green Steel and Power (GTMT) IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| Basis of Allotment | 30 Sept 2026 |
| Refunds | 01 Oct 2026 |
| Credit to Demat Account | 01 Oct 2026 |
| IPO Listing Date | 05 Oct 2026 |
Note: The timeline for German Green Steel and Power (GTMT) IPO is tentative and subject to change.
Analysis
German Green Steel and Power (GTMT) Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Funding capital expenditure for Samakhiyali facility expansion and power plant | 226.33 (78.04%) |
| Prepayment or repayment of certain outstanding borrowings | 7.7 (2.66%) |
| General corporate purposes | 55.97 (19.30%) |
Note: Objectives are as specified in the DRHP/RHP documents of German Green Steel and Power (GTMT).
Analysis
German Green Steel and Power (GTMT) Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 1,137.54 Cr. | 1,082.15 Cr. | 41.67 Cr. | 559.73 Cr. |
| 2025 | 1,517.21 Cr. | 1,438.16 Cr. | 59.94 Cr. | 1,015.20 Cr. |
| 2026 | 1,685.38 Cr. | 1,575.57 Cr. | 79.89 Cr. | 1,220.24 Cr. |
Note: Financial numbers for German Green Steel and Power (GTMT) are in ₹ Crores unless stated otherwise.
Analysis
German Green Steel and Power (GTMT) Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 18.86% |
| ROCE | 19.31% |
| EBITDA Margin | 9.94% |
| PAT Margin | 4.76% |
| Debt to Equity Ratio | 0.79 |
| Earning Per Share (EPS) | 14.91 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.86% |
| Net Asset Value (NAV) | 77.76 |
Note: Valuation KPIs for German Green Steel and Power (GTMT) are computed for FY2026.
Analysis
German Green Steel and Power (GTMT) IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Beekay Steel Industries Ltd | 18.94 | 22.54 | 3.49% | 548.18 | 1196.94 Cr. |
| Gallant Ispat Limited | 20.07 | 27.80 | 14.60% | 137.44 | 4478.52 Cr. |
| Kamdhenu Limited | 2.78 | 14.57 | 19.77% | 14.06 | 774.70 Cr. |
| MSP Steel & Power Limited | 0.60 | 61.57 | 3.28% | 18.18 | 2846.04 Cr. |
| VMS TMT Limited | 4.95 | 8.92 | 9.22% | 45.97 | 840.20 Cr. |
Note: Peer group comparisons for German Green Steel and Power (GTMT) are sourced from DRHP filings.
Comparison
Compare German Green Steel and Power (GTMT) IPO with similar IPOs
FAQ
German Green Steel and Power (GTMT) IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 3 and an issue price of Rs 139, the estimated listing price for German Green Steel and Power (GTMT) IPO is Rs 142.00 (approx 2.16% listing gain). Actual listing price is determined by market demand on the listing day.
German Green Steel and Power (GTMT) IPO price band is Rs 132.00 to Rs 139.00. Check the latest issue price, lot size and GMP together before applying.
German Green Steel and Power (GTMT) IPO open date is 25 Sept 2026, close date is 29 Sept 2026, and listing date is 05 Oct 2026.
German Green Steel and Power (GTMT) IPO lot size is 107 shares. The minimum retail investment is Rs 14,873.
German Green Steel and Power (GTMT) is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
German Green Steel and Power (GTMT) IPO subscription status currently shows Retail 22.83x, QIB 20.93x, NII 54.03x, Overall 28.98x.
German Green Steel and Power is a vertically integrated iron and steel manufacturer primarily operating in the western region of India. The company focuses on manufacturing thermo-mechanically treated bars, mild steel billets, and sponge iron. It serves a diversified client base comprising distributors, dealers, and direct institutional customers across sectors like real estate, roadways, and thermal plants. The company operates two manufacturing facilities located in Samakhiyali and Viramgam in Gujarat. A notable feature of its operations is the integration of captive coal-based power plants, waste heat recovery systems, and hybrid wind and solar power setups, which provide cost-effective energy for its intensive manufacturing requirements. The company generates revenue predominantly from domestic sales within Gujarat, complemented by minor international exports, positioning itself as a key supplier in the regional steel supply chain.
German Green Steel and Power (GTMT) IPO issue size is TBA and the expected allotment date is 30 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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