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German Green Steel Shares Soar Over 3% in Strong Market Debut
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News18•05-10-2026, 11:15
German Green Steel Shares Soar Over 3% in Strong Market Debut
- •Shares of German Green Steel and Power Ltd climbed over 3% in their trading debut on Monday against an issue price of Rs 139.
- •The stock listed at Rs 143.50 on the BSE, a 3.23% increase from its issue price, and at Rs 142 on the NSE, a 2.15% premium.
- •The company's market valuation reached Rs 1,004.03 crore following its successful listing.
- •German Green Steel and Power's Rs 304-crore IPO was subscribed 28.98 times, with a price band of Rs 132-139 per equity share.
- •Proceeds from the IPO will fund the expansion of its manufacturing facility in Kutch, Gujarat, establish a hybrid wind and solar power plant, and repay debt.
Key Questions Answered
Shares of German Green Steel and Power Ltd climbed over 3 per cent on their trading debut on October 5, 2026, listing at Rs 143.50 on the BSE and Rs 142 on the NSE against the issue price of Rs 139.
The initial public offer of German Green Steel and Power Ltd received 28.98 times subscription overall on the final day of bidding on Tuesday, September 29, 2026.
Proceeds from the fresh issue will be utilized to expand the company’s manufacturing facility at Samakhiyali, Kutch, Gujarat, set up a hybrid wind and solar power plant, repay debt, and fund general corporate purposes.
