GMP IPO Watch
German Green Steel and Power (GTMT) IPO
German Green Steel and Power (GTMT) IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
German Green Steel and Power (GTMT) IPO Details
Key facts at a glance| IPO Open Date | 24 September 2026 | IPO Close Date | 28 September 2026 |
|---|---|---|---|
| Basis of Allotment | 29 September 2026 | Listing Date | 4 October 2026 |
| Price Band | ₹132 - ₹139 per share | Face Value | ₹10 per share |
| Market Lot Size | 107 Shares | Min Investment (Retail) | ₹14,873 |
| Total Issue Size | ₹303.9 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹290 Cr | Offer for Sale (OFS) | ₹13.9 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | Bigshare Services Pvt. Ltd. | ||
German Green Steel and Power (GTMT) IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 24 September 2026 | Confirmed |
| IPO Close Date | 28 September 2026 | Confirmed |
| Basis of Allotment | 29 September 2026 | Tentative |
| Initiation of Refunds | 1 October 2026 | Tentative |
| Credit of Shares to Demat | 1 October 2026 | Tentative |
| IPO Listing Date | 4 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 29 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
German Green Steel and Power (GTMT) IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 107 Shares | ₹14,873 |
| Retail (Max) | 13 Lots | 1,391 Shares | ₹1,93,349 |
| S-HNI (Min) | 14 Lots | 1,498 Shares | ₹2,08,222 |
| S-HNI (Max) | 67 Lots | 7,169 Shares | ₹9,96,491 |
| B-HNI (Min) | 68 Lots | 7,276 Shares | ₹10,11,364 |
German Green Steel and Power (GTMT) IPO Live GMP & Movement History
Daily unofficial grey market trends₹3 +2.2%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 5 Oct 2026 | ₹10 | ₹149.00 | +7.19% |
| 3 Oct 2026 | ₹12 | ₹151.00 | +8.63% |
| 2 Oct 2026 | ₹14 | ₹153.00 | +10.07% |
| 1 Oct 2026 | ₹13 | ₹152.00 | +9.35% |
| 30 Sept 2026 | ₹13 | ₹152.00 | +9.35% |
| 29 Sept 2026 | ₹25 | ₹164.00 | +17.99% |
| 28 Sept 2026 | ₹29 | ₹168.00 | +20.86% |
| 26 Sept 2026 | ₹28 | ₹167.00 | +20.14% |
| 25 Sept 2026 | ₹28 | ₹167.00 | +20.14% |
| 24 Sept 2026 | ₹24 | ₹163.00 | +17.27% |
| 23 Sept 2026 | ₹15 | ₹154.00 | +10.79% |
German Green Steel and Power (GTMT) IPO Subscription Status
Demand breakdown by investor categoryGerman Green Steel and Power (GTMT) Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 559.73 Cr. | 1,137.54 Cr. | 1,082.15 Cr. | 41.67 Cr. |
| 2025 | 1,015.20 Cr. | 1,517.21 Cr. | 1,438.16 Cr. | 59.94 Cr. |
| 2026 | 1,220.24 Cr. | 1,685.38 Cr. | 1,575.57 Cr. | 79.89 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
German Green Steel and Power (GTMT) IPO Valuation & KPIs
Key metrics pre-issueGerman Green Steel and Power (GTMT) Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Beekay Steel Industries Ltd | 22.54 | 18.94 | 3.49% | 548.18 | 1196.94 Cr. |
| Gallant Ispat Limited | 27.80 | 20.07 | 14.60% | 137.44 | 4478.52 Cr. |
| Kamdhenu Limited | 14.57 | 2.78 | 19.77% | 14.06 | 774.70 Cr. |
| MSP Steel & Power Limited | 61.57 | 0.60 | 3.28% | 18.18 | 2846.04 Cr. |
| VMS TMT Limited | 8.92 | 4.95 | 9.22% | 45.97 | 840.20 Cr. |
About German Green Steel and Power (GTMT)
German Green Steel and Power is a vertically integrated iron and steel manufacturer primarily operating in the western region of India. The company focuses on manufacturing thermo-mechanically treated bars, mild steel billets, and sponge iron. It serves a diversified client base comprising distributors, dealers, and direct institutional customers across sectors like real estate, roadways, and thermal plants. The company operates two manufacturing facilities located in Samakhiyali and Viramgam in Gujarat. A notable feature of its operations is the integration of captive coal-based power plants, waste heat recovery systems, and hybrid wind and solar power setups, which provide cost-effective energy for its intensive manufacturing requirements. The company generates revenue predominantly from domestic sales within Gujarat, complemented by minor international exports, positioning itself as a key supplier in the regional steel supply chain.
German Green Steel and Power (GTMT) IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| Basis of Allotment | 30 Sept 2026 |
| Refunds | 01 Oct 2026 |
| Credit to Demat Account | 01 Oct 2026 |
| IPO Listing Date | 05 Oct 2026 |
Note: The timeline for জার্মান গ্রিন স্টিল অ্যান্ড পাওয়ার (জিটিএমটি) IPO is tentative and subject to change.
German Green Steel and Power (GTMT) Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Funding capital expenditure for Samakhiyali facility expansion and power plant | 226.33 (78.04%) |
| Prepayment or repayment of certain outstanding borrowings | 7.7 (2.66%) |
| General corporate purposes | 55.97 (19.30%) |
Note: Objectives are as specified in the DRHP/RHP documents of জার্মান গ্রিন স্টিল অ্যান্ড পাওয়ার (জিটিএমটি).
German Green Steel and Power (GTMT) Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 1,137.54 Cr. | 1,082.15 Cr. | 41.67 Cr. | 559.73 Cr. |
| 2025 | 1,517.21 Cr. | 1,438.16 Cr. | 59.94 Cr. | 1,015.20 Cr. |
| 2026 | 1,685.38 Cr. | 1,575.57 Cr. | 79.89 Cr. | 1,220.24 Cr. |
Note: Financial numbers for জার্মান গ্রিন স্টিল অ্যান্ড পাওয়ার (জিটিএমটি) are in ₹ Crores unless stated otherwise.
German Green Steel and Power (GTMT) Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 18.86% |
| ROCE | 19.31% |
| EBITDA Margin | 9.94% |
| PAT Margin | 4.76% |
| Debt to Equity Ratio | 0.79 |
| Earning Per Share (EPS) | 14.91 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.86% |
| Net Asset Value (NAV) | 77.76 |
Note: Valuation KPIs for জার্মান গ্রিন স্টিল অ্যান্ড পাওয়ার (জিটিএমটি) are computed for FY2026.
German Green Steel and Power (GTMT) Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Beekay Steel Industries Ltd | 18.94 | 22.54 | 3.49% | 548.18 | 1196.94 Cr. |
| Gallant Ispat Limited | 20.07 | 27.80 | 14.60% | 137.44 | 4478.52 Cr. |
| Kamdhenu Limited | 2.78 | 14.57 | 19.77% | 14.06 | 774.70 Cr. |
| MSP Steel & Power Limited | 0.60 | 61.57 | 3.28% | 18.18 | 2846.04 Cr. |
| VMS TMT Limited | 4.95 | 8.92 | 9.22% | 45.97 | 840.20 Cr. |
Note: Peer group comparisons for জার্মান গ্রিন স্টিল অ্যান্ড পাওয়ার (জিটিএমটি) are sourced from DRHP filings.
German Green Steel and Power (GTMT) IPO FAQs
German Green Steel and Power (GTMT) IPO opens for subscription on 24 September 2026 and closes on 28 September 2026.
The price band for German Green Steel and Power (GTMT) IPO is set at ₹132.00 to ₹139.00 per share.
The minimum market lot size is 107 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 107 Shares (₹14,873).
The latest Grey Market Premium (GMP) for German Green Steel and Power (GTMT) IPO is ₹3.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for German Green Steel and Power (GTMT) IPO is tentatively scheduled for 29 September 2026, and shares are expected to list on the stock exchanges on 4 October 2026.
Bigshare Services Pvt. Ltd. is the official registrar for German Green Steel and Power (GTMT) IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.