Gujarat-based German Green Steel & Power submits DRHP to SEBI for INR 450 crore IPO, funding capacity expansion and renewable power integration.
Jul 8, 2025
Gujarat-based German Green Steel and Power Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise INR 450 crore through an IPO. The issue comprises a fresh equity issuance and an offer-for-sale of up to 20 lakh shares by promoters Inamulhaq and Abdulhaq Iraki.
Of the funds raised, INR 325.21 crore will be allocated to expanding its Samakhiali manufacturing facility in Kutch, Gujarat, and establishing hybrid wind–solar power plant, while INR 55.01 crore will go toward debt repayment and general corporate purposes.
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German Green Steel is a vertically integrated iron and steel producer, primarily known for its TMT bar brand “German TMT” in Gujarat. The IPO will be led by Systematix Corporate Services and Emkay Global, and shares are expected to be listed on BSE and NSE.
