German Green Steel & Power IPO Allotment Status: Check Online via Bigshare Services, BSE & NSE

German Green Steel & Power IPO allotment is scheduled for Wednesday, 30 September 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment. German Green Steel & Power Limited, a Gujarat-based vertically integrated iron and steel manufacturer, is raising funds through a fresh issue combined with a small offer for sale by its promoters. The public issue opens on Friday, 25 September 2026, and closes on Tuesday, 29 September 2026, with shares slated to list on both BSE and NSE. Investors who applied can track their allotment status through the registrar, Bigshare Services Private Limited, or directly on the BSE and NSE websites once the basis of allotment is finalised.

Key Takeaways

• Allotment Date: Basis of allotment for the German Green Steel & Power IPO is expected to be finalised on Wednesday, 30 September 2026.
• Price Band: Shares are priced in a band of ₹132 to ₹139 per equity share of face value ₹10 each.
• Issue Composition: The ~₹304 crore issue combines a ₹290 crore fresh issue with a small ~₹14 crore offer for sale by two promoters.
• Where to Check: Allotment status can be checked on the registrar Bigshare Services’ website, or via the official BSE and NSE allotment portals.
• Listing Date: Shares are expected to list on BSE and NSE on Monday, 5 October 2026, adjusted for the Gandhi Jayanti holiday and the following weekend.
• Refunds & Demat Credit: Refunds for unsuccessful applicants and demat credit for successful ones are expected around Thursday, 1 October 2026.

German Green Steel & Power IPO: Key Details at a Glance

What is the German Green Steel & Power IPO Timeline?

When Will German Green Steel & Power IPO Allotment Be Out?

The basis of allotment for the German Green Steel & Power IPO is expected to be finalised on Wednesday, 30 September 2026, one working day after the issue closes on Tuesday, 29 September 2026. Once finalised, the registrar, Bigshare Services Private Limited, uploads the allotment data to its system in coordination with BSE and NSE, after which applicants can check whether they have been allotted shares.

Successful applicants should see shares credited to their demat accounts, and unsuccessful or partially successful applicants should see refunds initiated or ASBA blocks released, around Thursday, 1 October 2026, ahead of the listing on Monday, 5 October 2026.

How to Check German Green Steel & Power IPO Allotment Status

Method 1: Via Bigshare Services Private Limited (Registrar)

Bigshare Services Private Limited is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.

• Visit the Bigshare Services Private Limited IPO allotment status page.
• Select “German Green Steel & Power Limited” from the company dropdown.
• Choose your verification method — PAN, Application Number, or DP/Client ID.
• Enter the details and submit to view your allotment status.

Method 2: Via BSE

• Visit the BSE Application Status Check page.
• Select “German Green Steel & Power Limited” as the issue name.
• Enter your Application Number and PAN.
• Submit to view your status. Data stays available on BSE for about a week after issue closure.

Method 3: Via NSE

• Visit NSE’s bid verification page.
• Complete one-time registration with your PAN if you haven’t already.
• Select “German Green Steel & Power Limited” and view your application status.

How is the Basis of Allotment Decided?

The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including German Green Steel & Power. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the NII and QIB categories, allotment is proportionate to the shares bid for, subject to the rounding rules the registrar applies when a category is oversubscribed.

What Happens If You’re Not Allotted Shares?

If shares have not been allotted, the amount blocked under ASBA is expected to be unblocked in the applicant’s bank account, or any refund is initiated, around Thursday, 1 October 2026. Retail investors in oversubscribed IPOs are allotted through a proportionate or lottery-based system depending on subscription levels in that category, so not receiving an allotment does not indicate any error in the application; it simply reflects the level of demand relative to the shares reserved for that investor category. Applicants can verify the exact reason for non-allotment (such as a technical rejection) by checking the detailed status on the registrar’s website using their PAN, application number, or DP/Client ID.

What Will German Green Steel & Power Do With the IPO Proceeds?

As disclosed in the offer documents, German Green Steel & Power intends to use the net proceeds from its fresh issue primarily to fund capital expenditure toward expanding its manufacturing facility at Samakhiyali in Kutch, Gujarat, including its hybrid wind and solar power project, along with prepayment or repayment of a portion of the company’s outstanding borrowings, and the balance for general corporate purposes.

The fresh issue size was reduced from ₹339.63 crore to ₹290.00 crore following a Pre-IPO Placement undertaken by the company on September 26, 2025. In this private placement, 18,38,000 equity shares were issued at ₹270 per share (including a premium of ₹260 per share), raising ₹49.63 crore. Out of these Pre-IPO proceeds, ₹26.73 crore has been deployed toward capital expenditure for the Samakhiyali facility expansion, with the remaining ₹22.90 crore utilised for general corporate purposes. Investors relying on a specific line-item rupee split for use of proceeds should verify the exact figures in the final Prospectus filed with the RoC/SEBI rather than third-party trackers.

About German Green Steel & Power Limited

German Green Steel & Power Limited was incorporated on July 9, 2008, as Haq Enterprises Private Limited in Gujarat. It subsequently converted into a public company in 2018 and was renamed German Green Steel & Power Limited in January 2024. Today, it operates as a vertically integrated iron and steel manufacturer based in Gujarat, producing TMT bars (sold under the “German TMT” brand), MS billets, and sponge iron. Its primary manufacturing facility is located at Samakhiyali in Kutch district, Gujarat, supplemented by an additional facility at Viramgam operated through its subsidiary, German TMT Private Limited.

The company has invested in captive and renewable power sources, including a hybrid wind-solar power plant, to support its production. It remains a promoter-driven business, led by Inamulhaq Shamsulhaq Iraki (Chairman and Whole-time Director), Abdulhaq Shamsulhaq Iraki (Managing Director), and Ibrarulhaq Inamulhaq Iraki (Whole-time Director), with no change in promoter or control expected through this IPO.

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