A-One Steels IPO
GMP, Subscription, Price, Dates & Financial Details
Metal - Non Ferrous
Incorporated in 2012, A-One Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio comprising long steel, flat steel, and industrial products used in the steel manufacturing process. The company's integrated operations enable it to manufacture products…
Open Date
Thu, 24 Sep 2026
Close Date
Mon, 28 Sep 2026
Issue Price
Not Announced
Lot Size
Not Announced
Issue Size
₹ 405.00 Cr
Minimum Investment
NA
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
A-One Steels IPO is set to open its Initial Public Offering (IPO) for subscription on September 24, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹405.00 Crore.
The A-One Steels IPO will open for subscription on September 24, 2026, and close on September 28, 2026. The basis of allotment is expected to be finalized on September 29, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on October 01, 2026.
The price band and lot size for A-One Steels IPO are yet to be announced.
Bigshare Services Pvt Ltd is the registrar to the issue. Khambatta Securities Limited, and PL Capital Markets Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the A-One Steels IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 28, 2026.
A-One Steels IPO Timeline (Tentative)
- IPO Open Date
- Thu, 24 Sep 26
- IPO Close Date
- Mon, 28 Sep 26
- Basis of Allotment
- Tue, 29 Sep 26
- Initiation of Refunds
- Wed, 30 Sep 26
- Credit of Shares to Demat
- Wed, 30 Sep 26
- Listing Date
- Thu, 01 Oct 26 — BSE & NSE
Open Date
24 September 2026
Close Date
28 September 2026
Basis Of Allotment
29 September 2026
Listing Date
01 October 2026
IPO Subscription
Check Live Subscription →The A-One Steels IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 24 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Non-Institutional | 0 | 0% |
| Retail Investors | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 3191.31 | 2753.06 | 2395.87 |
| Revenue | 4202.05 | 3569.63 | 3862.44 |
| Profit After Tax | 127.41 | 7.71 | 38.91 |
| Net Worth | 819.52 | 676.63 | 421.79 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 1010.94 | 963.67 | 1042.53 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
A-One Steels India Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 14.7 | 1.69 | 8.75 |
| ROCE % | 12.86 | 7.03 | 8.67 |
| Debt / Equity | 1.17 | 1.34 | 2.34 |
| RoNW % | 15.43 | 1.25 | 9.12 |
| Pat Margin % | 3.04 | 3.09 | 1.01 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| A-One Steels India Ltd | 10 | 0 | 18.47 | 18.47 | 15.43 | 119.93 |
| MSP Steel and Power Ltd | 10 | 61.52 | 0.6 | 0.56 | 0 | 18.18 |
| Jai Balaji Industries Ltd | 2 | 45.76 | 1.42 | 1.42 | 0 | 24.75 |
| Shyam Metallics and Energy Ltd | 10 | 28.31 | 38.1 | 37.97 | 10.1 | 412.81 |
About A-One Steels India Limited
Incorporated in 2012, A-One Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio comprising long steel, flat steel, and industrial products used in the steel manufacturing process. The company's integrated operations enable it to manufacture products across multiple stages of the steel value chain, from sponge iron and MS billets to finished steel products.
Business and Product Portfolio
The company manufactures hot-rolled (HR) and cold-rolled (CR) coils using MS billets, which are further processed into HR pipes, CR pipes, and galvanized tubes. In the long-steel segment, the company manufactures TMT bars from MS billets, catering primarily to construction and infrastructure applications.
The company also manufactures industrial products such as met coke, silicon manganese, and ferrosilicon, which are sold in the open market. Ferrosilicon is an important input for the steel industry and is primarily used as an alloying agent during steel production.
The company's key products include:
Sponge Iron: Primarily used as a raw material in steel manufacturing for the production of MS billets and other steel products.
MS Billets: Semi-finished steel products used as feedstock for manufacturing bars, rods, TMT bars, and other structural steel products.
TMT Bars: Used extensively for reinforcement in concrete structures across the construction and infrastructure sectors.
HR Coils: Used in the manufacture of pipes, tubes, automotive frames, industrial equipment, and other applications.
CR Coils: Used in applications requiring a smooth and precise surface finish, including automotive panels, appliances, precision instruments, and other finished products.
Green Energy Initiatives
A-One Steels sources a significant proportion of its power requirements from green energy sources compared with industry peers, according to the CRISIL Report. Its TMT bars have also been certified as green products by the Confederation of Indian Industry (CII).
The company's TMT bars are manufactured in various sizes at its Gauribidanur and Hindupur facilities. To ensure a reliable and stable supply of electricity, the company has entered into long-term power purchase agreements (PPAs) for solar and wind energy, with tenures ranging from 15 to 25 years. These arrangements support the company's manufacturing operations in Karnataka and Andhra Pradesh.
Manufacturing Footprint
The company operates six manufacturing facilities, comprising five facilities in Karnataka and one in Hindupur, Andhra Pradesh. Its Karnataka operations are spread across Gauribidanur, Bellary, Koppal, and Chikkantapur.
The manufacturing facilities are strategically located close to major iron ore sources and within approximately 450 km of key ports such as Ennore, New Mangalore, and Goa-Mormugao. This location advantage provides access to raw materials while supporting efficient and cost-effective transportation of finished products.
The company manufactures sponge iron at its Koppal facility, operated under Vanya Steels, as well as at its Bellary plant. It is also setting up a 10 MW power plant with waste-heat recovery technology on approximately 39.29 acres of land. The proposed facility is expected to enhance energy efficiency and support the company's integrated manufacturing operations.
End-Use Industries
A-One Steels' products cater to a broad range of industries and infrastructure applications. Its products are used in:
Construction and infrastructure projects
Power plants
Dams and irrigation projects
Airports
Bridges and flyovers
Stadiums
Highways
Marine structures
Industrial buildings
High-rise residential projects
Automotive and engineering applications
The diversified end-user base provides the company with exposure to multiple sectors and reduces dependence on a single industry.
Employee Base
As of November 30, 2024, A-One Steels had a total workforce of 2,459 employees, comprising 1,377 permanent employees and 1,082 contractual employees. The company's sales and marketing function had 63 employees.
A-One Steels IPO Promoters
- Sandeep Kumar
- Sunil Jallan
- Krishnan Kumar Jalan
Promoters Holding
Holding Pre Issue
85.86%
Holding Post Issue
0.00%
A-One Steels IPO Objective
The Company proposes to utilize the net proceeds towards funding the following objects.
- Equity investment in our Indian Subsidiary, Vanya Steels Private Limited for purchase of equipment/machineries, civil works and margin money for working capital for expansion of facility
- Equity Investment in Indian Subsidiary of the Company, Vanya Steels Private Limited for investment in Group Captive Company for procurement of Solar energy
- Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
A-One Steels India Limited Address / Contact Details
A-One Steels India Ltd.
A-One House, No. 326, CQAL Layout,
Ward No. 08,Sahakarnagar,
Bangalore Urban, Karnataka, 560092
Phone: 080-45646000
Email: legal@aonesteelgroup.com
Website: https://aonesteelgroup.com/
IPO Snapshot
A-One Steels IPO Lot Size
The A-One Steels IPO has a lot size of 0 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
Book Running Lead Managers
- Khambatta Securities Limited
- PL Capital Markets Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the A-One Steels IPO?
A-One Steels IPO is a Book-building IPO with a total issue size of ₹405 crore. The A-One Steels IPO price band is ₹0 to 0 per share. The A-One Steels IPO subscription opens on Thu, Sep 24, 2026, and closes on Mon, Sep 28, 2026. The A-One Steels IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the A-One Steels IPO.
When will the A-One Steels IPO open for subscription?
The A-One Steels IPO opens on Thu, Sep 24, 2026 and closes on Mon, Sep 28, 2026
What is A-One Steels IPO Price Band?
A-One Steels IPO Price Band is ₹0 to 0 per share.
What is A-One Steels IPO Lot Size?
A-One Steels IPO lot size is 0 shares, Retail investors need a minimum investment of ₹0 based on the upper price band
What is the minimum investment for A-One Steels IPO?
The minimum investment for A-One Steels IPO is ₹0, based on one lot of 0 shares at the upper price band of ₹0 per share.
How to apply for A-One Steels IPO?
Investors can apply for the A-One Steels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 28, 2026. The application amount remains blocked until the A-One Steels IPO allotment is finalized.
What is A-One Steels IPO Issue Size?
A-One Steels IPO issue size is ₹405 crores.
What is the A-One Steels IPO Allotment Date?
A-One Steels IPO allotment date is Tue, Sep 29, 2026.
Who is the A-One Steels IPO Registrar?
The registrar for A-One Steels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check A-One Steels IPO allotment status, refund processing, and other IPO-related information.
What is the A-One Steels IPO GMP?
The A-One Steels IPO GMP (Grey Market Premium) is ₹0 as of Mon, Sep 14, 2026. Based on the upper price band of ₹0 per share, the estimated A-One Steels IPO listing price is ₹0, indicating a potential listing gain of approximately [*]% over the issue price.
Who is the A-One Steels IPO Lead Manager?
The book-running lead managers (BRLMs) for the A-One Steels IPO are Khambatta Securities Limited and PL Capital Markets Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the A-One Steels IPO Red Herring Prospectus (RHP).