German Green Steel IPO allotment: How to check status online on Bigshare Services, NSE, BSE; listing date, time revealed

German Green Steel and Power IPO allotment status is likely to be finalised on Wednesday, September 30. The bid finalisation details will be available on the websites of the NSE, the BSE and Bigshare Services.

The offer was subscribed 28.98 times, as it got bids for 46,54,94,191 shares versus 1,60,62,879 shares on offer, according to the NSE data.

The quota for non-institutional investors was subscribed 54.03 times, while that of retail individual investors received 22.83 times subscription. The category for qualified institutional buyers (QIBs) fetched 20.93 times subscription.

The ₹303.90 crore IPO was a mix of a fresh issue of shares totalling ₹290 crore and an offer for sale (OFS) component of 10 lakh shares worth ₹13.90 crore.

Proceeds from the fresh issue will be used for expansion of the company's manufacturing unit at Samakhiyali, Kutch, Gujarat, establishing a hybrid wind and solar power plant, debt clearance and general corporate purposes.

German Green Steel and Power Ltd is a vertically integrated iron and steel manufacturing company. Its product portfolio consists of TMT bars, MS billets and sponge iron.

German Green Steel IPO allotment date and time

The basis of allotment for German Green Steel IPO is expected to be finalised on Wednesday, September 30, by late evening.

How to check German Green Steel IPO allotment status online on NSE

• Head to this page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose the 'Equity & SME IPO bid details' option
• From the 'Select Symbol' list, pick 'GERMAN'
• Mention either your PAN or application number
• Click on the 'Submit' button

Steps to check German Green Steel IPO allotment status online on BSE website

• Open this link: https://bseindia.com/investors/appli_check.aspx
• Keep the issue type as 'Equity'
• From the IPO names, select 'German Green Steel and Power Ltd'
• Add either your PAN or IPO application number
• Click on the ‘Search’ button

German Green Steel IPO allotment status online on Bigshare Services website

• Head to this portal: www.bigshareonline.com/ipo_Allotment.html
• From three servers, click on any one
• Click on 'German Green Steel and Power Ltd' from the IPO names
• Fill in your application number, beneficiary ID, or PAN
• Press the ‘Search’ button

German Green Steel IPO listing date and time

Shares of German Green Steel and Power will debut on the BSE and the NSE on Monday, October 5, at 10 am.