Grey market quotes the Mainboard at a ₹14 premium over the upper band of ₹139, pointing to an indicative listing near ₹153. Last updated: 14 Oct 2026, 01:26 IST.
German Green Steel & Power commands a grey-market premium of ₹14 (+10.1% of the ₹139 upper band), about ₹1,498 per lot of 107 shares. Dealers are holding the line: ₹14 unchanged across 3 tracked sessions, a stand-off between grey demand and issue pricing. Books show 30.42x total subscription (QIB 21.91x, NII 56.77x, retail 23.98x). Institutions are carrying this issue — QIB demand near 21.91x is the smart-money leg that grey quotes usually follow, not lead. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
| Date | GMP | Est. Gain |
|---|---|---|
| 14 Oct | +₹14 | +10.1% |
| 13 Oct | +₹14 | +10.1% |
| 12 Oct | +₹14 | +10.1% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Price Band | ₹132 - ₹139 |
|---|---|
| Lot Size | 107 shares |
| Issue Size | ₹304 Cr |
| Opening Date | 25 Sep 2026 |
| Closing Date | 29 Sep 2026 |
| Listing Date | 05 Oct 2026 |
| Subscription | 30.42x |
The latest unofficial grey market premium for German Green Steel & Power IPO is ₹14 (+, as of 14 Oct 2026, 01:26 IST).
GMP is a street quote that reacts to subscription momentum, market mood and last-day demand — at the current ₹14 premium the rough math is upper band plus premium, but the number is re-quoted through the bidding window and never guaranteed.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For German Green Steel & Power, the book stands at 30.42x overall with QIB demand at 21.91x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the German Green Steel & Power IPO detail page.
Read the full German Green Steel & Power IPO report →
Last updated: 14 Oct 2026, 01:26 IST