German Green Steel and Eventions Announce Upcoming IPOs
By Business Desk
Discover key financial details, price bands, and subscription dates for the upcoming initial public offerings of German Green Steel and Eventions.
German Green Steel and Power Ltd. announced its mainboard IPO to raise approximately ₹304 crores, featuring a price band of ₹132 to ₹139 per share. Simultaneously, Eventions has announced its IPO to raise Rs 38.12 crore.
German Green Steel IPO Structure
- Fresh issue: ₹290 crores
- Offer for sale: Up to 1,000,000 equity shares
- Price band: ₹132 to ₹139 per share
- Subscription dates: September 25, 2026, to September 29, 2026
Founded in 2008, the Gujarat-based iron and steel manufacturer produces TMT bars, MS billets, and sponge iron for B2B clients including distributors and dealers. The subscription period for German Green Steel runs from September 25, 2026, to September 29, 2026.
Eventions Public Offering Details
- Total fundraising goal: Rs 38.12 crore
- Subscription opening date: September 30
Eventions has formally announced its upcoming public offering to secure capital from the market. Investors can begin participating in the subscription process starting September 30.
Use of Proceeds and Financials
- Samakhiyali facility capital expenditure: Development of a hybrid wind and solar power plant
- Debt repayment: Clearing certain outstanding borrowings
- Fiscal year 2026 revenue: ₹1,685.38 crores
- Fiscal year 2026 profit: ₹79.89 crores
Capital raised at the Samakhiyali facility in Kutch, Gujarat, will fund the new hybrid wind and solar power plant alongside debt repayment. The company posted consistent financial growth for fiscal year 2026, making the issue a consideration for long-term investment.