A-One Steels India IPO is a book-built public issue of ₹405.00 crore, consisting of a fresh issue of 87.65 lakh shares (₹355.00 crore) and an offer for sale (OFS) of 12.35 lakh shares (₹50.00 crore). Bidding opens on September 24, 2026 and closes on September 28, 2026, with share allotment expected to be finalized on September 29, 2026. The company’s shares are scheduled to be listed on both the NSE and BSE mainboard exchanges on October 1, 2026.
To participate, individual retail investors can bid within the fixed price band of ₹385 to ₹405 per share with a minimum lot size of 37 shares. At the upper price limit of ₹405, a minimum investment of ₹14,985 is required for an application. Lead Manager PL Capital Markets Pvt. Ltd. is managing the book-running process, while BigShare Services Pvt. Ltd. The Limited acts as the official registrar to the issue. Full financial details and risk factors can be reviewed in the official Red Herring Prospectus (RHP).
A-One Steels India IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| A-One Steels India | Tue, Sep 29, 2026 | Thu, Oct 1, 2026 | https://ipo.bigshareonline.com/IPO_Status.html |
A-One Steels India IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 24 to 28 Sep, 2026 |
| Listing Date | Thu, Oct 1, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹385 to ₹405 |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 99,99,999 shares (agg. up to ₹405 Cr) |
| Fresh Issue | 87,65,432 shares (agg. up to ₹355 Cr) |
| Offer For Sale | 12,34,567 shares of ₹10 (agg. up to ₹50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,84,65,270 shares |
| Share Holding Post Issue | 7,72,30,702 shares |
A-One Steels India IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Thu, Sep 24, 2026 |
| IPO Close Date | Mon, Sep 28, 2026 |
| Tentative Allotment | Tue, Sep 29, 2026 |
| Initiation of Refunds | Wed, Sep 30, 2026 |
| Credit of Shares to Demat | Wed, Sep 30, 2026 |
| Tentative Listing Date | Thu, Oct 1, 2026 |
A-One Steels India Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 37 | ₹14,985 |
| Individual investors (Retail) (Max) | 13 | 481 | ₹1,94,805 |
| S-HNI (Min) | 14 | 518 | ₹2,09,790 |
| S-HNI (Max) | 66 | 2442 | ₹9,89,010 |
| B-HNI (Min) | 67 | 2479 | ₹10,03,995 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
A-One Steels India IPO – GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 23-Sep 11:37 | ₹405 | ₹50 (12.35%) ─ | ₹455 | ₹1,850 |
| 22-Sep 23:37 | ₹405 | ₹50 (12.35%) ▼ | ₹455 | ₹1,850 |
| 21-Sep 23:37 | ₹405 | ₹60 (14.81%) ─ | ₹465 | ₹2,220 |
| 20-Sep 23:37 | ₹405 | ₹60 (14.81%) ▼ | ₹465 | ₹2,220 |
| 19-Sep 23:37 | ₹405 | ₹64 (15.80%) ▲ | ₹469 | ₹2,368 |
| 18-Sep 23:37 | ₹405 | ₹60 (14.81%) ▲ | ₹465 | ₹2,220 |
| 17-Sep 23:37 | ₹405 | ₹55 (13.58%) ─ | ₹460 | ₹2,035 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Overview of A-One Steels India
A-one Steels India Limited has established itself as a major force in the Indian industrial landscape since its incorporation in 2012. As one of South India’s largest backward-integrated steel manufacturers, the company delivers a complete range of flat and long steel products alongside specialized industrial components. By controlling every stage of production—from raw sponge iron to high-grade finished tubes—A-one Steels delivers consistent quality while keeping production cost-effective.
Core Product Portfolio & Industry Applications
A-one Steels produces both raw materials and finished goods that power key infrastructure and manufacturing sectors.
| Product | Manufacturing Process & Role | Key Applications |
|---|---|---|
| Sponge Iron | Produced at the Koppal (Vanya Steels) and Bellary plants using iron ore. | Essential raw material for casting steel billets. |
| MS Billets | Cast directly from processed sponge iron. | Rolled into structural shapes, bars, and rods. |
| TMT Bars | Rolled from MS billets; certified as Green Products by the CII. | Concrete reinforcement in bridges, high-rises, stadiums, and highways. |
| HR Coils | Hot-rolled from steel billets into versatile flat sheets. | Converted into HR pipes, tubes, automotive frames, and heavy machinery. |
| CR Coils | Cold-rolled from HR coils to deliver a smooth surface finish. | Processed into CR pipes, precision instruments, home appliances, and auto panels. |
| Industrial Alloys | Includes Met Coke, Silicon Manganese, and Ferrosilicon. | Sold in the open market; essential for steel deoxidation and alloying. |
Sustainable Manufacturing & Strategic Operations
A-One Steels operates six state-of-the-art facilities in South India—five of which are strategically located in Karnataka (Gauribidanur, Bellary, Koppal and Chikkantapur) and one in Hindupur, Andhra Pradesh.
- Logistic Excellence: These facilities are located close to major iron ore mines and within 450 km of three major sea ports (Ennore, New Mangalore and Goa-Mormugao), thereby keeping freight costs at a minimum for domestic and international shipments.
- Leadership in Green Energy: As per CRISIL reports, A-One Steels outperforms industry peers in adopting clean energy. Backed by 15 to 25-year solar and wind power purchase agreements (PPAs), its facilities operate on sustainable energy.
- Waste-heat recovery: The company is expanding its eco-friendly footprint by setting up a 10 MW power plant running on recovered waste heat in an area of 39.29 acres.
Why A-one Steels Stands Out
- Complete Quality Control: Backward integration ensures strict oversight from raw iron ore extraction down to finished galvanizing.
- Market Pricing Power: Robust production control isolates operations from raw material price shocks, giving the brand a distinct competitive advantage.
- Extensive Reach: Supported by a dedicated sales team and a multi-channel distribution network across South India.
- Skilled Workforce: Powered by over 2,400 skilled employees (including 1,377 permanent staff and 1,082 contractual workers) committed to engineering excellence.
Company Financials
A-One Steels India Financial Information (Restated Standalone)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 3,191.31 | 2,753.06 | 2,395.87 |
| Total Income | 4,202.05 | 3,569.63 | 3,862.44 |
| Profit After Tax | 127.41 | 7.71 | 38.91 |
| EBITDA | 303.64 | 174.06 | 172.19 |
| Net Worth | 819.52 | 676.63 | 421.79 |
| Total Borrowing | 1,010.94 | 963.67 | 1,042.53 |
Key Performance Indicator (KPI)
The market cap. of A-One Steels India IPO is for Pre IPO ₹2,772.84 Cr., & for Post IPO ₹3,127.84 Crores.
KPI as of Dec 31, 2026, & Mar 31, 2025
| KPI | Dec 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 14.70% | 1.69% |
| ROCE | 12.86% | 7.03% |
| Debt/Equity | 1.17 | 1.34 |
| RoNW | 15.43% | 1.25% |
| PAT Margin | 3.04% | 0.34% |
| EBITDA Margin | 7.29% | 4.91% |
| NAV | 119.70 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 18.61 | 16.50 |
| P/E (x) | 21.76 | 24.55 |
| Company Promoters: | Sandeep Kumar, Sunil Jallan and Krishnan Kumar Jalan. | |
| Promoter and Promoter Group | 85.86% | 74.52% |
| Public | 14.14% | 25.48% |
| Total | 100% | 100% |
A-One Steels India IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company | 250.00 |
| General Corporate Purposes | – |
| Total | 250.00 |
A-One Steels India IPO Contact Details
- A-One Steels India Ltd.
- A-One House, No. 326, CQAL Layout,
- Ward No. 08, Sahakarnagar,
- Bangalore Urban, Karnataka, 560092
- 080-45646000
- legal@aonesteelgroup.com
- Website: https://www.aonesteelgroup.com/
A-One Steels India IPO Registrar
Bigshare Services Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 8657578989/8069219065/8069219060 |
| Email: | ipo@bigshareonline.com |
| Website: | https://ipo.bigshareonline.com/IPO_Status.html |
A-One Steels India IPO FAQs
When A-One Steels India IPO become available?
The IPO will open on Thu, Sep 24, 2026.
What is the minimum lot size for the A-One Steels India IPO?
The minimum lot size is 37 shares.
When will the shares for the A-One Steels India IPO be allotted?
The allotment is expected to be finalized on Tue, Sep 29, 2026
What is the expected listing date for the A-One Steels India IPO?
The tentative listing date is Thu, Oct 1, 2026.
How can I apply for the A-One Steels India IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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