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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital Expenditure for Plant Expansion and Renewable Power
Financing capital expenditure required for expanding manufacturing capacity at the Samakhiyali unit in Kutch, Gujarat, alongside constructing a captive hybrid wind-solar power project.
Debt Prepayment and Repayment
Prepayment or repayment of selected outstanding credit facilities borrowed by the company to reduce finance costs.
General Corporate Expenditures
Funding general corporate requirements, working capital support, and strategic business growth activities.
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Established in 2008 as Haq Steels and Metaliks Limited and subsequently renamed German Green Steel Power Limited, the enterprise operates as an integrated iron and steel manufacturer headquartered in Ahmedabad, Gujarat. The company manufactures Thermo-Mechanical Treatment (TMT) steel bars marketed under its flagship brand German TMT, along with Mild Steel (MS) billets and sponge iron. Production operations are centered around its principal manufacturing plant in Samakhiyali within the Kutch district of Gujarat, complemented by secondary manufacturing activities in Viramgam through its material subsidiary German TMT Private Limited. The operational structure incorporates backward integration from raw material processing to finished structural steel products. Dedicated captive power infrastructure, featuring a hybrid wind and solar power generation system, is designed to reduce power costs and promote sustainable manufacturing practices. The manufacturing processes and subsidiary facilities hold 4-star and 5-star Green Steel ratings awarded by the National Institute of Secondary Steel Technology (NISST). German Green Steel Power Limited supplies its TMT bars and structural steel products to real estate, commercial construction, and infrastructure projects across Western and Central India through an established dealer and distributor network.
German Green Steel Power Limited completed its anchor allocation on September 24, 2026, raising Rs. 91.16 crore by issuing 65,58,991 equity shares at Rs. 139 per share. Leading institutional participants included Necta Bloom VCC (Necta Bloom One), Lords Multigrowth Fund, Compact Structure Fund, Arnesta Global Opportunities Fund PCC (Arnesta Global Fund 1), Zeal Global Opportunities Fund, and Venus Investments VCC (Venus Stellar Fund).
Source: RHP • Analysis provided for informational purposes
Last Updated: 4 October 2026, 12:44 AM
Vertically Integrated Production Process
The company maintains control over its complete manufacturing workflow from sponge iron and MS billets to finished TMT bars, enhancing operational control and margin efficiency.
Green Steel Accreditation and Captive Energy
Accredited with 4-star and 5-star NISST Green Steel certifications, supported by internal investments in hybrid solar and wind energy projects to manage electricity costs.
Established Regional Brand Identity
Commands a strong commercial market presence in Gujarat and neighboring western regions using its German TMT brand and distributor network.
Fluctuations in Raw Material Costs
Variations in market prices for essential inputs such as iron ore, coal, and scrap steel could adversely affect operational profitability.
Capital Project Execution Risks
Ongoing expansion plans at the Samakhiyali plant and captive power initiatives involve substantial capital deployment and execution challenges.
Geographic Revenue Concentration
A major portion of revenues originates from Gujarat and nearby states, exposing financial performance to regional economic trends.
German Green Steel Power Limited
German House, Near Bharat Petrol Pump, Opposite Kochrab Ashram, Paldi, Ahmedabad - 380007, Gujarat, India
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