German Green Steel & Power IPO Subscription Status Day 3: Overall Subscription Reaches 30.23x
Varda Khade
- 0 min read
Last Updated: 29th September 2026 - 06:45 pm
German Green Steel & Power IPO subscription reached 30.23 times on Day 3 on September 29, 2026. The public issue received bids for 46,26,96,462 shares against 1,53,04,318 shares available for subscription, excluding the anchor portion.
The NII category recorded the highest subscription at 56.72 times, followed by Individual Investors at 23.64 times. The QIB (Ex Anchor) portion was subscribed 21.91 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of German Green Steel & Power IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 25) | 1.39 | 2.59 | 1.74 | 1.82 |
| Day 2 (September 28) | 1.40 | 6.84 | 5.70 | 4.71 |
| Day 3 (September 29) | 21.91 | 56.72 | 23.64 | 30.23 |
Here are the subscription details for German Green Steel & Power IPO day 3, as of 5:05 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 65,58,991 | 65,58,991 | 91.17 |
| QIB | 1.40 | 43,72,664 | 61,00,712 | 84.80 |
| NII | 6.84 | 32,79,496 | 2,24,28,377 | 311.75 |
| Individual | 5.70 | 76,52,158 | 4,36,02,179 | 606.07 |
| Total | 4.71 | 1,53,04,318 | 7,21,31,268 | 1,002.62 |
Key Highlights – Day 3
- German Green Steel & Power IPO ended Day 3 with an overall subscription of 30.23 times, compared with 5.39 times on Day 2.
- NII investors recorded the highest subscription at 56.72 times, increasing from 8.22 times on Day 2.
- QIB subscription increased from 1.40 times to 21.91 times, while Individual Investor subscription rose from 6.47 times to 23.64 times.
Key Highlights – Day 2
- German Green Steel & Power IPO subscription increased to 4.71 times on Day 2 from 1.82 times on Day 1.
- The NII category led demand at 6.84 times, followed by Individual Investors at 5.70 times.
- QIB subscription moved marginally higher from 1.39 times to 1.40 times.
Key Highlights – Day 1
- The IPO was subscribed 1.82 times overall on the opening day.
- NIIs subscribed 2.59 times and Individual Investors subscribed 1.74 times.
- The QIB portion, excluding anchor investors, was subscribed 1.39 times.
About German Green Steel & Power
German Green Steel & Power Limited is a vertically integrated iron and steel manufacturer with operations in Gujarat. Its principal products include TMT bars, MS billets and sponge iron.
The company operates manufacturing facilities at Samakhiyali and Viramgam. Its products cater primarily to infrastructure and construction requirements, while its operating performance is influenced by steel demand, raw-material costs, energy prices and capacity utilisation.
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