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German Green Steel & Power IPO Subscription Status

Q: What is the current subscription status of German Green Steel & Power IPO?

As of IPO close date (29 Sep, 2026), the German Green Steel & Power IPO is subscribed 28.98x times. Retail category is 22.83x, and NII is 54.03x subscribed.

Q: When is the allotment date for German Green Steel & Power IPO?

The allotment for German Green Steel & Power IPO is expected to be finalized on 30 September, 2026.

Q: What is the GMP of German Green Steel & Power?

The Grey Market Premium (GMP) for German Green Steel & Power is currently ₹9.5, indicating a potential listing gain of 6.83%.

Q: When will German Green Steel & Power IPO list on the stock market?

German Green Steel & Power is scheduled to list on BSE and NSE on 05 October, 2026.

Q: What are the chances of getting allotment in German Green Steel & Power IPO?

The retail category is oversubscribed at 22.83x, meaning allotment is by lottery. Statistically, approximately 1 in 23 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 20.93x mean for German Green Steel & Power IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 20.93x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

Q: How to check German Green Steel & Power IPO allotment status?

After the allotment date (30 Sep, 2026), you can check your German Green Steel & Power IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

German Green Steel & Power IPO was subscribed 28.98 times when bidding closed on 29 Sep 2026: QIB 20.93x, NII 54.03x, Retail 22.83x.

The German Green Steel & Power IPO has been subscribed 28.98x times overall. Retail investors have shown interest with bids for 22.83x the shares available. The Non-Institutional Investor (NII) category has been subscribed 54.03x. Within NII, Big HNI (B-HNI) subscribed 54.05x and Small HNI (S-HNI) subscribed 54x. Qualified Institutional Buyers (QIBs) have subscribed 20.93x. Data last updated on 07 Oct, 06:00 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Sep, 2026 and closes on 29 Sep, 2026. The shares are expected to list on stock exchanges on 05 Oct, 2026.

Full details Check GMP

Final subscription

28.98x

15,74,368 applications

Category-wise bids →

QIB

20.93x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

54.03x

bHNI 54.05x · sHNI 54x

HNI allotment odds →

Retail

22.83x

Lottery for 1 lot — about 1 out of 19 win

Retail allotment odds →

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 7 Oct 2026, 6:00 PM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Amount (Cr)	Bid details	Times
QIB	45,78,030	9,58,05,874	1,331.70 Cr	9,58,05,874 of 45,78,030 35 applications 1,331.70 Cr	20.93x
1(a) Foreign Institutional Investors (FIIs)		1,94,41,686	270.24 Cr	1,94,41,686 270.24 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		4,23,26,632	588.34 Cr	4,23,26,632 588.34 Cr
1(c) Mutual Funds		0	0.00 Cr	0 0.00 Cr
1(d) Others		3,40,37,556	473.12 Cr	3,40,37,556 473.12 Cr
NII	34,45,455	18,61,64,592	2,587.69 Cr	18,61,64,592 of 34,45,455 56,627 applications 2,587.69 Cr	54.03x
bHNI — bid amount above ₹10 Lakh	22,96,970	12,41,43,647	1,725.60 Cr	12,41,43,647 16,683 applications 1,725.60 Cr	54.05
2.1(a) Corporates		19,66,018	27.33 Cr	19,66,018 27.33 Cr
2.1(b) Individuals (other than RIIs)		11,74,74,979	1,632.90 Cr	11,74,74,979 1,632.90 Cr
2.1(c) Others		47,02,650	65.37 Cr	47,02,650 65.37 Cr
sHNI — bid amount ₹2–10 Lakh	11,48,485	6,20,20,945	862.09 Cr	6,20,20,945 39,944 applications 862.09 Cr	54
2.2(a) Corporates		3,12,547	4.34 Cr	3,12,547 4.34 Cr
2.2(b) Individuals (other than RIIs)		5,95,19,392	827.32 Cr	5,95,19,392 827.32 Cr
2.2(c) Others		21,89,006	30.43 Cr	21,89,006 30.43 Cr
Retail	80,39,394	18,35,23,725	2,550.98 Cr	18,35,23,725 of 80,39,394 15,17,706 applications 2,550.98 Cr	22.83x
TOTAL	1,60,62,879	46,54,94,191	6,470.37 Cr	46,54,94,191 15,74,368 applications 6,470.37 Cr	28.98x

German Green Steel & Power IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹139.

Applications

15,74,374

Allottees

73,744

Overall odds

1 out of 20

Amount collected

₹6,478 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 9.32x subscribed	41	10,18,62,393 ₹1,415 Cr	1,09,31,653 9.32x subscribed	41	AllAll allotted
Ex. Anchor Ex. Anchor	35	9,53,03,402	43,72,662 · 21.80x	35	AllAll allotted
Anchor Anchor Investors	6	65,58,991	65,58,991 · 1.00x	6	AllAll allotted
NII (HNI) 56.25x subscribed	56,627	18,44,84,585 ₹2,564 Cr	32,79,497 56.25x subscribed	2,188	1 out of 261 out of 26
bNII >₹10L bNII — above ₹10 Lakh	16,683	12,30,40,049	21,86,332 · 56.28x	1,459	1 out of 111 out of 11
sNII <₹10L sNII — below ₹10 Lakh	39,944	6,14,44,536	10,93,165 · 56.21x	729	1 out of 551 out of 55
Retail 23.49x subscribed	15,17,706	17,97,58,288 ₹2,498 Cr	76,52,159 23.49x subscribed	71,515	1 out of 201 out of 20
TOTAL 21.32x subscribed	15,74,374	46,61,05,266	2,18,63,309 21.32x subscribed	73,744	1 out of 201 out of 20

German Green Steel & Power IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

1 out of 19

~5% chance per PAN — 15,17,706 applicants for 75,134 allotment slots. Winners get exactly 1 lot (₹14,873) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 out of 52

~1.9% chance — 39,944 applicants for 766 allotment slots. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 out of 10

~9.2% chance — 16,683 applicants for 1,533 allotment slots. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.

QIB (institutions)

20.93x

Proportionate allotment — at 20.93x, institutions receive ~4.8% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 23 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 20.93x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	BHNI	SHNI	Retail
29 Sep 2026 Day 3	28.98x	20.93x	54.05x	54x	22.83x	▼
QIB20.93x BHNI54.05x SHNI54x Retail22.83x
28 Sep 2026 Day 2	5.14x	1.34x	6.49x	10.48x	6.15x	▼
QIB1.34x BHNI6.49x SHNI10.48x Retail6.15x
25 Sep 2026 Day 1	1.73x	1.32x	2.53x	2.33x	1.65x	▼
QIB1.32x BHNI2.53x SHNI2.33x Retail1.65x

German Green Steel & Power IPO dates

From the bidding window to listing. Today is 9 November.

Key dates Listed

Open 25 Sep 2026
Close 29 Sep 2026
Allotment 30 Sep 2026
Refund/credit 01 Oct 2026
Listing 05 Oct 2026

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	NECTA BLOOM VCC-NECTA BLOOM ONE	NECTA BLOOM VCC	2158297	₹30.00 Cr	32.91%	9.87%
2	LORDS MULTIGROWTH FUND	LORDS MULTIGROWTH	1438936	₹20.00 Cr	21.94%	6.58%
3	ZEAL GLOBAL OPPORTUNITIES FUND	ZEAL GLOBAL	1079202	₹15.00 Cr	16.45%	4.94%
4	COMPACT STRUCTURE FUND	COMPACT STRUCTURE FUND	719468	₹10.00 Cr	10.97%	3.29%
5	VENUS INVESTMENTS VCC-VENUS STELLAR FUND	VENUS INVESTMENTS	719468	₹10.00 Cr	10.97%	3.29%
6	ARNESTA GLOBAL OPPORTUNITIES FUND PCC-ARNESTA GLOBAL FUND 1	ARNESTA	443620	₹6.17 Cr	6.76%	2.03%
	TOTAL		6,558,991	₹91.17 Cr	100.00%

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of German Green Steel & Power IPO?

As of IPO close date (29 Sep, 2026), the German Green Steel & Power IPO is subscribed 28.98x times. Retail category is 22.83x, and NII is 54.03x subscribed.

When is the allotment date for German Green Steel & Power IPO?

The allotment for German Green Steel & Power IPO is expected to be finalized on 30 September, 2026.

What is the GMP of German Green Steel & Power?

The Grey Market Premium (GMP) for German Green Steel & Power is currently ₹9.5, indicating a potential listing gain of 6.83%.

When will German Green Steel & Power IPO list on the stock market?

German Green Steel & Power is scheduled to list on BSE and NSE on 05 October, 2026.

What are the chances of getting allotment in German Green Steel & Power IPO?

The retail category is oversubscribed at 22.83x, meaning allotment is by lottery. Statistically, approximately 1 in 23 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 20.93x mean for German Green Steel & Power IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 20.93x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check German Green Steel & Power IPO allotment status?

After the allotment date (30 Sep, 2026), you can check your German Green Steel & Power IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore German Green Steel & Power IPO further

Track every stage of this IPO, from subscription to listing.

01 Next step

IPO details

It has listed — go back to the fundamentals.

₹132 to ₹139

Read the full profile

GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹9.5 (6.83%)

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IPO review

What brokers and analysts are saying about this issue, in one place.

Apply · 11 reviews

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Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 30 Sep

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

28.98x

QIB

20.93x

NII

54.03x

bHNI

54.05x

sHNI

54x

Retail

22.83x

Full IPO details