German Green Steel IPO Subscription Status
Final figures at close of bidding: 5 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 21.91x |
| NII | 56.77x |
| sNII (₹2L–₹10L) | 56.73x |
| bNII (above ₹10L) | 56.78x |
| Retail (RII) | 23.98x |
| Total | 30.42x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1.39x | 2.46x | 2.65x | 1.74x | 1.82x |
| Day 2 | 1.39x | 2.46x | 2.65x | 1.74x | 1.82x |
| Day 3 | 1.39x | 2.46x | 2.65x | 1.74x | 1.82x |
| Day 4 | 1.4x | 11.01x | 6.82x | 6.47x | 5.39x |
| Day 5 | 21.91x | 56.73x | 56.78x | 23.98x | 30.42x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The German Green Steel book was built over 5 days: overall subscription stood at 1.82× at the close of day 1, read 1.82× at the end of day 2, read 1.82× at the end of day 3, read 5.39× at the end of day 4, and finished at 30.42× on day 5. On the final day it was non-institutional investors (NII) driving the book, at 56.77× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 5, when the overall multiple moved from 5.39× to 30.42×.
Category detail
Qualified institutional buyers took their portion to 21.91×. Non-institutional investors came in at 56.77×, split 56.73× in the small-NII bucket (bids under ₹10 lakh) and 56.78× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 23.98× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 56.77× and qualified institutional buyers (QIB) at the bottom at 21.91×.
What the multiple means for allotment
With retail subscription at 23.98×, applications in that category exceeded the shares available to it by a factor of about 23.98. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 107 shares — ₹14,873 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the German Green Steel IPO open and close?
- The German Green Steel IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
- How many times was the German Green Steel IPO subscribed?
- The German Green Steel IPO was subscribed 30.42 times in total across all investor categories.
- What is the reservation split in the German Green Steel IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.