From The Economic Times · Ritesh Presswala · · 1m
German Green Steel Shares List at 3% Premium
German Green Steel shares debut on BSE at 3% premium over IPO price.
In brief
German Green Steel shares debut on BSE at 3% premium over IPO price. German Green Steel & Power Ltd. shares listed on BSE at 3% premium over IPO price after 11% income growth from FY25 to FY26. Originally reported by The Economic Times.
IPO Details
German Green Steel & Power Ltd. shares listed on BSE at 3.2% premium over issue price of rs 139.
“shares of german green steel made a modest debut on monday, listing at a premium of 3.2 percent from the issue price of rs 139”
IPO Performance
The rs 303.90 crore ipo received 30.42 times overall subscription with retail investors subscribing 23.98 times.
“the issue received an overall subscription of 30.42 times”
Financial Results
German Green Steel reported 11% income growth from rs 1,517 crore in fy25 to rs 1,685 crore in fy26.
“german green steel & power ltd reported an 11 percent increase in total income, from rs 1,517 crore in fy25 to rs 1,685 crore in fy26”
Market Reaction
Shares opened at rs 143.50 on bse, a 2.15% premium to issue price on nse.
“the stock opened at rs 143.50 apiece on the bse, up 3.2 percent from the issue price of rs 139”
IPO Structure
The ipo included a fresh issue of 2.09 crore shares worth rs 290 crore and an offer for sale of 10 lakh shares.
“the rs 303.90 crore ipo was a book-built issue, comprising a fresh issue of 2.09 crore shares worth rs 290 crore and an offer for sale of 10 lakh shares”
Subscription Details
Retail investors subscribed 23.98 times while qib and nii categories subscribed 21.91 and 56.77 times respectively.
“the public issue was subscribed 23.98 times in the retail category, 21.91 times in qib (ex anchor), and 56.77 times in the nii category”
Here's the gist
German Green Steel & Power Ltd. shares listed on BSE at 3% premium over IPO price after 11% income growth from FY25 to FY26.
