A-One Steels IPO Day 3: Subscription Status, Timeline & Key Issue Details
A-One Steels's ₹405.00 crore initial public offering (IPO) entered its final day of public subscription today, September 28, 2026, with a price band of ₹385 to ₹405 per share. As of 10:10 A.M on the third day of bidding, the issue had been subscribed 1.80 times.
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:
|
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 IPO Day 3 Subscription Status
[September 28, 2026, 10:10 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.09x |
|
Non-Institutional Investors (NIIs) |
3.44x |
|
Retail Individual Investors (RIIs) |
2.07x |
|
Total |
1.80x |
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 with operations across southern India. The company produces a diversified range of long and flat steel products, including sponge iron, MS billets, TMT bars, HR and CR coils, steel pipes, and galvanized tubes.
It operates six manufacturing facilities across Karnataka and Andhra Pradesh, located in Gauribidanur, Hindupur, Chikkantapur, Bellary, and Koppal. Its integrated production model enables better control over raw materials and intermediate manufacturing, while catering to the construction, infrastructure, power, transportation, and industrial sectors.
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 |
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