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IPO● Neutral for Indian equities
German Green Steel IPO opens; grey-market premium signals potential listing gains
The brief
- The ₹303.90 crore IPO is open for subscription from September 25 to 29
- Grey-market premium of Rs 31 implies a 22.30% estimated listing gain
- Steel-sector investors face an IPO with analysts advising caution despite attractive valuations
- IPO GMP: Moneyview, A One Steels, Orient Cable, German Green, Ace Vector, Runwal - check subscription, allotment date
- Orient Cables vs Runwal Enterprises Vs AceVector Vs German Green IPO Day 2: Subscription Status, GMP And Price Band
- German Green Steel & Power
- German Green Steel and Power IPO subscribed 1.73 times
- Runwal Enterprises, German Green Steel and Power raise ₹149 crore, ₹91 crore from anchor investors
German Green Steel and Power IPO
German Green Steel and Power's ₹303.90 crore IPO opened on September 25 and closes September 29, with proceeds primarily intended for capital expenditure. Anand Rathi recommended subscribing to the issue.
Friday, 25 September
- German Green Steel IPO opens; grey-market premium signals potential listing gains