German Green Steel IPO opens today: GMP indicates 20% potential listing gain. Should you subscribe?

German Green Steel’s Rs 303.90 crore IPO opens for subscription today, September 25, and will remain open until September 29. The book-built issue comprises a fresh issue worth Rs 290 crore and an OFS of Rs 13.90 crore. The IPO is commanding a 20% premium in the grey market, signalling strong listing expectations.