A-One Steels IPO Day 1: Subscription Status, Timeline & Key Issue Details

A-One Steels's ₹405.00 crore initial public offering (IPO) opened for public subscription today, September 24, 2026, with a price band of ₹385 to ₹405 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.01 times.

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 IPO Timeline (Tentative)

The expected IPO schedule is as follows:

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

Explore other Upcoming IPOs on BSE and NSE.

A-One Steels IPO Day 1 Subscription Status

[September 24, 2026, 10:05 A.M.]

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 

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