German Green Steel Powers Up ₹450 Cr IPO—Kutch Expansion, ESG Focus in Spotlight

German Green Steel and Power Ltd, a Gujarat-based manufacturer of fabricated metal and TMT steel products, has filed its Draft Red Herring Prospectus (DRHP) with SEBI, unveiling plans for a ₹450 crore IPO. The issue comprises a fresh issue of shares worth ₹4.5 billion and an Offer for Sale (OFS) of up to 2 million equity shares by existing shareholders.

 

The company plans to channel the proceeds into expanding its manufacturing facility in Kutch, Gujarat—part of its broader strategy to scale green steel production and reduce carbon intensity. The IPO will be managed by Systematix Corporate Services and Emkay Global Financial Services, appointed as book-running lead managers.

 

Founded in 2008 and headquartered in Ahmedabad, German Green Steel is positioning itself as a sustainability-driven industrial player, aligning with India’s decarbonization goals and rising demand for ESG-compliant infrastructure.

 

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Source: The Company Check – German Green Steel and Power Ltd