German Green Steel & Power Limited

Building the Future with Strength, Precision, and Innovation

Incorporated in 2008, German Green Steel and Power Limited has grown into one of India’s premier iron and steel manufacturers. Operating predominantly in the western region of the country, the company has carved out an exceptional market presence in Gujarat through its signature flagship product—TMX Bars. Over nearly two decades of operational excellence, our brand “German TMT” has become synonymous with structural reliability, high tensile strength, and superior construction quality.

Our Core Product Portfolio

We manufacture and supply a comprehensive range of high-grade steel products that serve as the backbone for modern infrastructure and modern structural engineering:

• TMT / TMX Bars: Engineered with advanced thermex treatment for maximum ductility and earthquake resistance, with manufacturing capabilities ranging from 8 mm to 40 mm in diameter.

• MS Billets: High-quality mild steel billets manufactured to strict chemical and physical specifications, serving as essential input stock for re-rolling mills.

• Sponge Iron: Premium Direct Reduced Iron (DRI) produced using controlled reduction processes, ensuring minimal impurities for secondary steelmakers.

World-Class Manufacturing Capabilities & Network

With our corporate and registered office located in Ahmedabad, Gujarat, our strategic manufacturing footprint spans across two key industrial centers in the state:

1. Samakhiyali Facility: A flagship, vertically integrated manufacturing complex located close to major sea ports in Gujarat. This location offers significant logistical advantages for raw material import and nationwide distribution.

2. Viramgam Facility: Operated seamlessly through our material subsidiary, German TMX Private Limited, expanding our regional supply efficiency and output capacity.

Strategic Capacity Expansion

To meet the accelerating demand driven by India’s infrastructure boom, we are executing a major strategic expansion plan at our Samakhiyali Facility:

• Sponge Iron: Expanding installed capacity from 66,000 MTPA to ~1,48,500 MTPA.

• MS Billets: Scaling production capacity from 2,14,500 TPA to 4,12,500 TPA.

• TMT Bars: Boosting total installed output from 181,500 MTPA to 346,500 MTPA.

This aggressive growth trajectory ensures we remain fully equipped to support large-scale government, commercial, and residential projects across India.

Business Model & Distribution Network

Our business operations follow a robust Business-to-Business (B2B) distribution model. We cater to three core customer segments that supply end-users, builders, and mega-infrastructure contractors:

• Authorized Distributors: Key regional partners driving volume distribution across key markets.

• Retail Dealers: A wide network ensuring local availability for commercial and private construction.

• Institutional Customers: Direct partnerships with major industrial developers, engineering firms, and infrastructure projects.

Our Core Competitive Strengths

• Vertically Integrated Operations: Fully integrated processing setup combined with captive power generation capacity, ensuring exceptional cost control and operational resilience.

• Widespread Distribution Network: Deeply established presence across Gujarat and Western India, built on decades of long-term client trust.

• Industry Leadership & Experience: Led by visionary promoters and backed by a seasoned execution team with proven expertise in metallurgical engineering.

• Uncompromising Quality & Brand Value: Strong brand recall centered around safety, endurance, and compliance with international manufacturing standards.

• Skilled & Dedicated Workforce: Powered by over 1,357 permanent employees and 143 skilled contract professionals (as of March 31, 2026), committed to delivering engineering excellence every single day.

COMPANY DRHP 

German Green Steel & Power Limited IPO Summary & Complete Information

The IPO subscription period for German Green Steel & Power Limited ranges from 25 September 2026 to 29 September 2026. The ₹303.90 Crore main-board issue consists of a fresh issue of ₹290.00 Crore along with an Offer for Sale (OFS) of ₹13.90 Crore.

1. Key Offer Highlights & Important Timetable

2. Category Bidding & Investment Amounts

Retail individual investors can bid for a minimum of 1 lot (107 shares) requiring an investment of ₹14,873 based on the upper price band cap of ₹139 per share.

3. Share Quota Reservation Structure

• Qualified Institutional Buyers (QIB): Not more than 50% of the Net Offer

• Retail Individual Investors (RII): Not less than 35% of the Net Offer

• Non-Institutional Investors (NII/HNI): Not less than 15% of the Net Offer

4. Corporate Overview & Operations

Incorporated in 2008, German Green Steel and Power Limited is an established iron and steel manufacturer headquartered in Ahmedabad, Gujarat. Operating primarily in western India, the company manufactures and supplies TMT Bars (marketed under the flagship brand “German TMT”), MS Billets, and Sponge Iron.

• Customer Base: Conducts operations on a business-to-business (B2B) model, serving distributors, dealers, and institutional clients who cater directly to construction contractors and builders.

• Manufacturing Infrastructure: Operates two primary facilities in Gujarat:

  1. Samakhiyali Facility: Vertically integrated plant located near major maritime ports in Kutch, Gujarat.

  2. Viramgam Facility: Managed via its material subsidiary, German TMX Private Limited.

• Capacity Expansion: Currently expanding the Samakhiyali plant capacities:

  • Sponge Iron: Increasing from 66,000 MTPA to 1,48,500 MTPA.

  • MS Billets: Increasing from 2,14,500 TPA to 4,12,500 TPA.

  • TMT Bars: Increasing from 1,81,500 MTPA to 3,46,500 MTPA.

• Workforce: Employs 1,357 permanent staff members along with 143 contract laborers (as of March 31, 2026).

5. Restated Consolidated Financial Performance

Amounts in ₹ Crore:

Key Financial Indicators & Ratios:

• PAT Growth: Revenue rose by 11% and PAT surged by 33% between FY25 and FY26.

• Return on Equity (ROE): 18.86%

• Return on Capital Employed (ROCE): 19.31%

• Debt to Equity: 0.79

• PAT Margin: 4.76% | EBITDA Margin: 9.94%

• Post-Issue P/E Ratio: ~13.11x

• Post-Issue Market Capitalization: ₹1,047.35 Crore (at ₹139 cap price)

6. Utilization of Issue Proceeds

The total fresh proceeds (estimated at ₹234.03 Crore net usage) are allocated toward:

1. Capital Expenditure (₹226.33 Cr): Funding expansion at the Samakhiyali facility in Kutch, Gujarat, alongside setting up a hybrid wind and solar power generation plant for captive energy consumption.

2. Debt Prepayment / Repayment (₹7.70 Cr): Full or partial repayment of existing debt facilities.

3. General Corporate Purposes: Strategic business development and working capital support.

7. Lead Managers & Registrar Contact

• Book Running Lead Managers:

  • Systematix Corporate Services Ltd.

  • Emkay Global Financial Services Ltd.

  • Pantomath Capital Advisors Pvt. Ltd.

• Registrar of the Issue:

  • Bigshare Services Pvt. Ltd.

  • Phone: 022-62638200 / 8069219060

  • Email: ipo@bigshareonline.com

Step-by-Step Guide to Apply via UPI Broker Apps (e.g., Zerodha)

1. Login: Access your broker application (Zerodha, Groww, AngelOne, etc.) and open the IPO tab.

2. Select Issue: Locate German Green Steel IPO and click on Apply / Bid.

3. Fill Mandate Details: Enter your UPI ID (e.g., @upi, @okaxis, @ybl).

4. Set Quantity & Price: Select 1 Lot (107 shares) and check the Cut-off Price box (₹139).

5. Submit & Approve: Submit the application form and approve the auto-debit mandate request in your UPI payment app before 5:00 PM on September 29, 2026.