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German Green Steel & Power IPO Review

German Green Steel & Power IPO has been reviewed by 11 analysts, and the overall consensus is Apply — carrying a score of 75. Out of the 11 analysts who have covered this IPO, 6 recommend subscribing while 5 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹132-139 per share, with a minimum application size of 107 shares (minimum investment of approximately ₹14,873 at the upper band). Subscription ran from 25 Sep 2026 to 29 Sep 2026. The issue size is ₹304 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for German Green Steel & Power IPO is quoting at ₹9.5 (6.83%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
75/ 100
Apply 6 of 11 recommend subscribing
How analysts voted
Apply 6
May apply 2
Neutral 2
Avoid 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

German Green Steel and Power is a Gujarat-based, vertically integrated steel maker focused on TMT bars, with sponge iron and billets made in-house. The notes stress revenue rising from about ₹1,130 crore in FY24 to ₹1,679 crore in FY26, while profit almost doubled to ₹79.89 crore. Of the nine analysts, five said subscribe, one advised caution, two stayed neutral and one said avoid.

Listing gains

At ₹139 the notes value the issue at about 13 times FY26 post-issue earnings, or near 9 times on pre-issue earnings, with EV/EBITDA of 6 to 8 times and a market cap near ₹1,047 crore. The multiples differ because of the earnings basis. Listed steel peers are cited at roughly 11 to 59 times. Most notes call the pricing fair or attractive, which pointed to a positive listing.

Short-term strategy

Proceeds fund capital spending at the Samakhiyali plant and a hybrid wind-solar power plant, plus repayment of part of the borrowings, which stood at ₹334 crore in FY26. EBITDA margin improved from 7.0% to 9.9% over two years, and captive power met about 75% of energy needs. The two neutral notes prefer to track a few quarters after listing, citing recent price volatility.

Long-term strategy

Analysts credit the integrated set-up, captive power and a wide dealer network across Gujarat. The key risks are concentration: the top ten customers gave 50.6% of FY26 revenue, nearly all sales come from Gujarat, and raw materials are bought without long-term contracts. One note flags that the main brand is used under a non-exclusive licence. The long-term subscribe calls rest on expansion beyond Gujarat.

How this is written: an AI-assisted summary of the 11 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

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How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for German Green Steel & Power IPO?

The analyst consensus for German Green Steel & Power IPO tracked on this page is Apply, with a score of 75/100. Out of 11 analysts who have reviewed this IPO, 6 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 75 mean for German Green Steel & Power IPO?

The score of 75 is an aggregate of all analyst ratings tracked for German Green Steel & Power IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of German Green Steel & Power IPO?

German Green Steel & Power IPO listed on October 5, 2026 at ₹142, against the issue price of ₹139 — a gain of +2.16% (₹3 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of German Green Steel & Power IPO?

German Green Steel & Power IPO was priced at ₹132-139 per share. The minimum lot size is 107 shares, making the minimum investment approximately ₹14,873 at the upper end of the price band. Subscription ran from 25 Sep 2026 to 29 Sep 2026.

Explore German Green Steel & Power IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

German Green Steel & Power IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
75 / 100
Listed at
₹142
Full IPO details
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