German Green Steel & Power IPO GMP Today and Kostak Price
German Green Steel & Power IPO Grey Market Premium (GMP) today stands at ₹ 15, showing mild but stable interest in the grey market ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. On 22 September 2026, the IPO GMP recorded a high of ₹15 and a low of ₹15 on 22 September 2026, indicating steady grey market activity. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
German Green Steel & Power IPO is scheduled to open for subscription on September 25, 2026. The public issue aims to raise around ₹303.9 Cr. and is offered in a price band of ₹132 to ₹139 per share, with a market lot of 107 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 22 Sep, 4:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Sep 2026 | ₹ 15 | — | 10.79% | ₹ 0 | ₹ 0 |
German Green Steel & Power IPO dates
Key dates from opening to listing. Today is 22 September.
- Open 25 Sep 2026
- Close 29 Sep 2026
- Allotment 30 Sep 2026
- Refund/credit 01 Oct 2026
- Listing 05 Oct 2026
German Green Steel & Power IPO expected listing price
Upper price band plus today's grey market premium.
| Issue price (upper band) | ₹139 |
|---|---|
| Current GMP | ₹ 15 |
| Listing date | 05 Oct, 2026 |
| GMP-based listing estimate | ₹154 (+10.8%) |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is German Green Steel & Power IPO GMP reliable?
Grey market premium for German Green Steel & Power IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the German Green Steel & Power IPO full review for a fundamentals-based assessment before making any grey market trades.
German Green Steel & Power IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for German Green Steel & Power IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About German Green Steel & Power IPO
German Green Steel and Power Limited was started in 2008. It is an iron and steel maker working mainly in western India, with its strength in Gujarat and its focus on TMT bars, the ribbed rods used to reinforce concrete.
It sells business to business, to three kinds of customer: distributors, dealers and institutional buyers. Its brand German TMT has built recognition for TMT bars in Gujarat. Its products are TMT bars in sizes from 8 mm to 40 mm, along with MS billets and sponge iron, which are the intermediate materials that go into making steel.
Its corporate and registered office is in Ahmedabad. It runs two manufacturing facilities in Gujarat. The Samakhiyali facility is vertically integrated, meaning it makes its own intermediate material rather than buying it, and sits close to the Gujarat ports. The Viramgam facility is operated through its material subsidiary German TMX Private Limited. The company is expanding its sponge iron capacity at Samakhiyali from 66,000 tonnes a year to about 1,48,500 tonnes, and is raising its MS billet capacity from 2,14,500 tonnes a year as well.
Frequently asked
What is the GMP of German Green Steel & Power IPO?
The current Grey Market Premium (GMP) of German Green Steel & Power IPO is ₹ 15.
What is the Kostak Price of German Green Steel & Power IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for German Green Steel & Power IPO is currently not available.
What is the Subject to Sauda Price of German Green Steel & Power IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of German Green Steel & Power IPO based on GMP?
Based on the current GMP of ₹ 15, German Green Steel & Power IPO is expected to list around ₹154 — approximately +10.8% above the issue price of ₹139. Grey market prices can shift before listing — treat this as an estimate only.
Is the GMP of German Green Steel & Power IPO increasing or decreasing?
The GMP of German Green Steel & Power IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore German Green Steel & Power IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
Price band, lot size, financials, objects of the issue and promoters.
Category-wise demand from QIB, NII and retail investors, updated through the day.
Before the book opens, see what analysts make of it.
Check with your PAN whether shares were credited to your demat account.
GMP is a mood, not a forecast.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
