A-One Steels India Limited IPO
24 Sept 2026 – 28 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹385.65
- H
- ₹389.4
- L
- ₹366.45
- C
- ₹384.8
3 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹385 – ₹405
- Lot Size
- 37 shares
- Min Investment
- ₹14,985 (1 lot · 37 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹355 Cr (to the company)
- Offer for Sale
- ₹50 Cr (to selling holders)
- Issue Size
- Initial public offer comprising Fresh Issue aggregating up to Rs. 35,500 Lakhs and Offer for Sale aggregating up to Rs. 5,000 Lakhs (Including Employee Reservation Portion aggregating up to Rs. 200 lakhs and Anchor portion of 29,85,160 Equity Shares)
- Registrar
- Bigshare Services Private Limited ↗
Timetable
GMP History
Latest GMP ₹46 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 30 Sept | ₹41.5 | +10.2% | +₹10.5 | ₹446.5 | |
| 29 Sept | ₹31 | +7.7% | +₹3 | ₹436 | |
| 28 Sept | ₹28 | +6.9% | −₹30 | ₹433 | |
| 27 Sept | ₹58 | +14.3% | −₹1 | ₹463 | |
| 26 Sept | ₹59 | +14.6% | +₹9 | ₹464 | |
| 25 Sept | ₹50 | +12.3% | +₹8 | ₹455 | |
| 24 Sept | ₹42 | +10.4% | −₹9 | ₹447 | |
| 23 Sept | ₹51 | +12.6% | — | ₹456 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 20,93,53128.3% | 13,63,894 | 0.65x |
| NII / HNI | 15,70,13021.3% | 2,83,26,090 | 18.04x |
| bNII · bids above ₹10L | 10,46,75314.2% | 1,89,86,994 | 18.14x |
| sNII · bids ₹2L–₹10L | 5,23,3777.1% | 93,39,096 | 17.84x |
| Retail | 36,63,63749.6% | 2,22,79,032 | 6.08x |
| Employee | 57,6360.8% | 2,17,560 | 3.77x |
Bids received on NSE, as at 28-Sep-2026 19:00:36 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 28 Sept | — | — | — | 7.07x |
| 27 Sept | 0.09x | 2.07x | 1.76x | 1.35x |
| 26 Sept | 0.09x | 2.07x | 1.76x | 1.35x |
| 25 Sept | 0.09x | 2.07x | 1.76x | 1.35x |
| 24 Sept | 0.09x | 0.77x | 0.77x | 0.58x |
Financials
All values in ₹ crore
About A-One Steels India
Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing. The company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes, and galvanized tubes. It also produces TMT bars from MS billets in long steel products. The company also manufactures industrial products like met coke and silicon manganese/ferrosilicon, which are sold in the open market. Ferrosilicon is essential in the steel industry for alloying. The company sources significant green energy compared to peers (Source: CRISIL Report). Its TMT bars, certified as green products by CII, are produced in various sizes at the Gauribidanur and Hindupur plants. The company relies on a steady power and fuel supply, with power purchase agreements for solar and wind energy (15 to 25 years) to support its manufacturing facilities in Karnataka and Andhra Pradesh. The company has six manufacturing facilities: five in Karnataka (Gauribidanur, Bellary, Koppal, Chikkantapur) and one in Hindupur, Andhra Pradesh. The company's manufacturing facilities are located near major iron ore sources, within 450 km of ports like Ennore, New Mangalore, and Goa-Mormugao, allowing cost-effective product transportation. The company 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. The company manufactures sponge iron at its Koppal facility (Vanya Steels) and Bellary Plant. It is setting up a 10 MW power plant with waste heat recovery on 39.29 acres of land. Products: Sponge iron : Primarily used in steel manufacturing as a raw material for the production of steel billets and other steel products.
As published in the company's own offer documents.
Strengths
- One of the largest backward integrated steel products manufacturers in southern India with a wide product portfolio.
- Business operations capitalizing on the strategic location advantage.
- Widespread, well-connected distribution network with a presence across multiple channels.
- Well-positioned in an industry with high entry barriers to benefit from favorable trends; command in the pricing of products with the ability to control the cost of manufacturing.
- Strong brand recall driven by high quality, innovative, and wide range of products.
- Leading company in the use of green energy for manufacture of steel products.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- PL Capital Markets Private Limited
- Khambatta Securities Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 37 | ₹14,985 |
| Retail (max)most that stays under ₹2L | 13 | 481 | ₹1,94,805 |
| S-HNI (min)first bid over ₹2L | 14 | 518 | ₹2,09,790 |
| S-HNI (max)most that stays under ₹10L | 66 | 2,442 | ₹9,89,010 |
| B-HNI (min)first bid over ₹10L | 67 | 2,479 | ₹10,03,995 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Discount
- Rs. 38 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion
- Minimum Order
- 37 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
- UPI Eligible
- IND amd EMP (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 73,27,295 Equity Shares in multiple of 37 Equity Shares (Calculated at Lower end price band)
- Max Bid (NII)
- 52,33,761 Equity Shares in multiple of 37 Equity Shares (Calculated at Lower end price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 28-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Axis Bank Limited and HDFC Bank Limited
Registrar
- Name
- Bigshare Services Private Limited
- Address
- Office No. S 62, 6th floor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai 400 093, Maharashtra, India
- Contact
- Vinayak Morbale, +91 22 6263 8200,ipo@bigshareonline.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of A-One Steels India Limited IPO today?
The latest grey market premium for A-One Steels India Limited IPO is ₹46. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of A-One Steels India Limited IPO?
The price band is ₹385 – ₹405, with a lot size of 37 shares. The minimum investment is ₹14,985.
When does A-One Steels India Limited IPO open and close?
The issue opens on 24 Sept 2026 and closes on 28 Sept 2026. Listing is expected on 1 Oct 2026.
Who is the registrar for A-One Steels India Limited IPO?
Bigshare Services Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.