German Green Steel and Power Limited IPO
GERMAN · Power / Utilities · Upcoming
Updated as on null · Source: NSE (official issue & subscription data) · Issue: Initial Public offer comprising of Fresh issue aggregating up to Rs. 29,000 lakhs and Offer for Sale of up to 10,00,000 Equity Shares
Traddx read: Opens soon
- Bidding hasn't opened yet — demand data will appear once the issue goes live. Check the price band, issue size and sector peers below in the meantime.
- Grey market premium is modest (~11%, unofficial).
German Green Steel and Power Limited is an upcoming issue in the Power / Utilities space, with a price band of Rs.132 to Rs.139 and an issue size of ₹304 Cr. The grey market premium (unofficial, via ipowatch.in) is around ₹15 (~11% over the issue price), a rough and volatile hint of listing demand. Traddx's read is based on official subscription demand and how listed peers are valued — see the breakdown below.
Subscription by category
| Investor category | Times subscribed |
|---|---|
| Total | 0.00× |
How the sector is valued (listed Power / Utilities peers)
| Company | Price | P/E | P/B | Net margin |
|---|---|---|---|---|
| ADANIPOWER | ₹204.95 | 33.0 | — | 26.05% |
| TORNTPOWER | ₹1258.55 | 25.6 | — | 9.71% |
| TATAPOWER | ₹368.5 | 133.51 | — | 4.88% |
| CESC | ₹142.6 | 21.94 | — | 7.38% |
Compare the IPO's asking price against what already-listed peers trade at — a much richer valuation than peers usually signals a pricey issue.