German Green Steel & Power IPO
German Green Steel & Power IPO is a mainboard IPO raising ₹304 Cr at ₹132 – ₹139 a share. It listed on 5 Oct 2026 at ₹142, +2.2% against its issue price of ₹139, and trades at ₹99 today (−29.0% since issue). It was subscribed 29× in total.
29.0 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 45,78,030 | 9,58,05,874 | 21× |
| Foreign Institutional Investors | no separate quota | 1,94,41,686 | n/a |
| Domestic Financial Institutions | no separate quota | 4,23,26,632 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 3,40,37,556 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 34,45,455 | 18,61,64,592 | 54× |
| Non Institutional Investors | 22,96,970 | 12,41,43,647 | 54× |
| Corporates | no separate quota | 19,66,018 | n/a |
| Individuals | no separate quota | 11,74,74,979 | n/a |
| Others | no separate quota | 47,02,650 | n/a |
| Non Institutional Investors | 11,48,485 | 6,20,20,945 | 54× |
| Corporates | no separate quota | 3,12,547 | n/a |
| Individuals | no separate quota | 5,95,19,392 | n/a |
| Others | no separate quota | 21,89,006 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 80,39,394 | 18,35,23,725 | 23× |
| Cut Off | no separate quota | 15,98,73,729 | n/a |
| Price bids | no separate quota | 2,36,49,996 | n/a |
| Total | 1,60,62,879 | 46,54,94,191 | 29× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 30 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 34% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.27 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.