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Anand Rathi Recommends Subscribing to German Green Steel and Power IPO for Long-Term Gains
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Moneycontrol•25-09-2026, 10:36
Anand Rathi Recommends Subscribing to German Green Steel and Power IPO for Long-Term Gains
- •German Green Steel and Power Limited, established in 2008, is a prominent iron and steel manufacturer primarily serving western India, with a strong focus on Gujarat and TMX Bars.
- •The company operates predominantly on a B2B model, catering to distributors, dealers, and institutional clients, with its "German TMT" brand highly recognized in Gujarat.
- •Its product portfolio includes TMT Bars (8mm-40mm), MS Billets, and Sponge Iron, with plans to expand into value-added products like stainless steel round bars, cut and bend bars, epoxy coated, and corrosion-resistant TMT bars.
- •The company benefits from a vertically integrated manufacturing setup, captive power capacity, an extensive distribution network in Gujarat, and strong, long-standing customer relationships.
- •Anand Rathi recommends a "Subscribe for Long Term" rating for the IPO, citing the company's operational efficiencies, strong brand recall, consistent product quality, and solid financial growth track record.
Key Questions Answered
Anand Rathi has assigned a "Subscribe for Long Term" rating to the German Green Steel and Power Ltd initial public offering.
The company manufactures iron and steel products including TMT Bars, MS Billets, and Sponge Iron, with a strong focus on TMT bars marketed under the "German TMT" brand.
The public issue is scheduled to open for subscription on September 25 and will close on September 29, with a price band fixed at ₹132 to ₹139 per equity share.
