A-One Steels IPO
A-One Steels opens for subscription on 24 Sept 2026 and closes on 28 Sept 2026, at a price band of ₹385 – ₹405 with a lot of 37 shares. Listing is expected on 1 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
24 Sept 2026
Closes
28 Sept 2026
Allotment
29 Sept 2026
Listing
1 Oct 2026
IPO details
| Price band | ₹385 – ₹405 |
|---|---|
| Lot size | 37 shares |
| Minimum investment | ₹14,985 |
| Issue size | ₹405 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE NSE |
| Retail quota | 35% |
| EPS | ₹18.47 |
| RoNW | 15.43% |
Grey market premium (GMP)
Last reported GMP: ₹47 (11.6%), an unofficial estimated listing price near ₹452 or about ₹1,739 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 12.23 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.1× | 0.81× | 0.81× | 0.61× |
| Day 2 | 0.1× | 1.96× | 1.78× | 1.34× |
| Day 3 | 7.69× | 25.8× | 9.11× | 12.23× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 37 | ₹14,985 |
| Retail (max) | 13 | 481 | ₹1,94,805 |
| sHNI (min) | 14 | 518 | ₹2,09,790 |
| sHNI (max) | 66 | 2,442 | ₹9,89,010 |
| bHNI (min) | 67 | 2,479 | ₹10,03,995 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 3,862.44 | 3,804.26 | 38.91 |
| FY25 | 3,569.63 | 3,539.34 | 7.71 |
| FY26 | 4,202.05 | 4,035.56 | 127.41 |
About A-One Steels
A-One Steels India, founded in 2012, is one of the leading steel manufacturers that offers both long and flat steel products and industrial products used in steel manufacturing. The firm basically takes HR and CR coils from MS billets (semi-finished steel materials) and then converts them into HR pipes, CR pipes, and galvanized tubes (finished steel products).
The firm also produces TMT bars from MS billets as long steel products and manufactures industrial products like met coke and silicon manganese/ferrosilicon. Its products are used in various industries, including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings, and high-rise residential constructions. Moreover, A-one Steels operates its 6 manufacturing facilities: five in Karnataka (Gauribidanur, Bellary, Koppal, Chikkantapur) and one in Hindupur, Andhra Pradesh.
Objects of the issue
- Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for expansion of facility
- Equity Investment in Indian Subsidiary of the company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for procurement of Solar energy
- Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Allotment status and registrar
Bigshare Services Pvt. Ltd. is the registrar. After 29 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91-22-6263 8200 · ipo@bigshareonline.com
Lead managers and offer documents
- PL Capital Markets Pvt. Ltd.
- Khambatta Securities Ltd.
A-One Steels IPO: FAQs
When does the A-One Steels IPO open and close?
The A-One Steels IPO opens on 24 Sept 2026 and closes on 28 Sept 2026.
What is the A-One Steels IPO price band?
The price band is ₹385 – ₹405 per share (face value ₹10).
What is the A-One Steels IPO lot size?
One lot is 37 shares, so the minimum investment is ₹14,985 at the upper price band.
When is the A-One Steels IPO allotment date?
Allotment is expected on 29 Sept 2026. Check the status on the registrar's site (Bigshare Services Pvt. Ltd.) or the BSE/NSE allotment pages using your PAN.
When will A-One Steels shares list?
Listing is expected on 1 Oct 2026 on BSE NSE.
What is the A-One Steels IPO GMP today?
The grey market premium was about ₹47 (11.6%) when this page was last updated, implying an unofficial estimated listing near ₹452. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.