A-One Steels India’ initial public offering (IPO) is set to open for subscription on September 24, 2026. According to the Red Herring Prospectus (RHP), the ₹405.00 crore book-built issue comprises a fresh issue of 87.65 lakh equity shares aggregating up to ₹355.00 crore and an offer for sale (OFS) of 12.35 lakh equity shares aggregating up to ₹50.00 crore by its existing shareholders.

The IPO will remain open until September 28, 2026. The basis of allotment is expected to be finalised on September 29, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on October 1, 2026.

A-One Steels India IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹405.00 crore
Fresh Issue: Up to ₹355.00 crore
Offer for Sale (OFS): Up to ₹50.00 crore
Face Value: ₹10 per equity share
Price Band: ₹385 to ₹405 per share
Lot Size: 37 shares
Minimum Investment Amount (Retail Investor): ₹14,985 (37 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: PL Capital Markets Private Limited, Khambatta Securities Limited
Registrar: Bigshare Services Private Limited

A-One Steels India IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	24 September 2026
Subscription Closing Date	28 September 2026
Basis of Allotment Date	29 September 2026
Refund Initiation Date	30 September 2026
Credit of Shares	30 September 2026
Listing on BSE and NSE	1 October 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

A-One Steels India IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹405 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	37	₹14,985
Retail (Maximum)	13	481	₹1,94,805
sNII (Minimum)	14	518	₹2,09,790
bNII (Minimum)	67	2479	₹10,03,995

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the company
General corporate purposes.

About A-One Steels India Limited

Incorporated in 2012, A-One Steels India Limited is a backward-integrated steel manufacturer based in southern India, offering a diversified portfolio of long and flat steel products along with industrial products used in steel manufacturing. Its operations cover the production of direct reduced iron (sponge iron), MS billets, and finished products such as TMT bars, HR and CR coils, pipes and galvanized tubes. Sponge iron, billets and coils are primarily used for captive consumption, while surplus production and industrial products such as met coke and ferro alloys are sold in the open market.

The company operates six manufacturing units across Karnataka and Andhra Pradesh, located in Gauribidanur, Hindupur, Chikkantapur, Bellary and Koppal. Its integrated manufacturing model provides greater control over raw materials and intermediate products while reducing dependence on external suppliers. Its steel products cater to sectors including construction, infrastructure, power, transportation and industrial projects.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	4,167.33	3,544.37	3,835.93
EBITDA	303.64	174.41	172.19
Profit After Tax (PAT)	127.41	7.71	38.91