German Green Steel & Power Files for IPO to Raise ₹450 Cr, Plans Expansion and Debt Reduction

German Green Steel & Power has filed draft papers with SEBI for an IPO consisting of a ₹450 crore fresh issue and an offer for sale of 20 lakh shares by promoters Inamulhaq and Abdulhaq Iraki. The IPO proceeds will fund expansion of its Gujarat facility and a new hybrid wind-solar power plant (₹325.22 crore), and repay ₹55 crore in debt. The company’s total borrowings stood at ₹347.33 crore as of May 2025. Systematix and Emkay Global are the lead managers. #stockmarket #investing #trading #stocks #investment #finance #money #nifty #forex #sharemarket #investor #invest #financialfreedom #trader #business #stockmarketindia #bitcoin #cryptocurrency #daytrader #stock #stockmarketnews #entrepreneur #nse #bse #sensex #forextrader #daytrading #crypto #wealth #forextrading