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A-One Steels India IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 1 Oct 2026
· updated 1 month ago
Price band
₹405
GMP
+₹46
Est. listing price₹451
Est. listing gain11.36%
Issue size₹405 Cr
A-One Steels India IPO Details
Open DateThu, 24 Sep 2026
Close DateMon, 28 Sep 2026
Listing DateThu, 1 Oct 2026
Listing AtBSE, NSE
Price Band₹405 per share
Lot Size37 shares
Min. Investment₹14,985
Issue Size₹405 Cr
A-One Steels India IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Thu, 24 Sep
IPO Closes
Mon, 28 Sep
Basis of Allotment
Tue, 29 Sep
Tentative
Refunds Initiated
Wed, 30 Sep
Tentative
Shares Credited to Demat
Wed, 30 Sep
Tentative
Listing Date
Thu, 1 Oct
A-One Steels India IPO GMP Today
All IPO GMP
GMP today
+₹46
Est. listing price
₹451
Est. gain %
11.36%
Est. profit / lot
₹1,702
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
A-One Steels India IPO GMP Trend
28 Sep – 1 Oct · +₹14| Date | GMP | Est. listing |
|---|---|---|
| Thu, 1 Oct | +₹46 | ₹451 |
| Wed, 30 Sep | +₹35 | ₹440 |
| Tue, 29 Sep | +₹31 | ₹436 |
| Mon, 28 Sep | +₹32 | ₹437 |
A-One Steels India IPO Subscription Status
As of 28 Sep, 7:00 PM
Retail (RII)
8.64x
NII / HNI
24.51x
bHNI (>₹10L)
24.88x
sHNI (₹2–10L)
23.78x
QIB
7.30x
Employees
4.87x
Total
11.61x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
A-One Steels India IPO Listing Price & Gain
Issue price₹405
Listing price (NSE)₹455
Listing gain+12.35%
Listing-day close₹416.55 (+2.9%)
The last GMP before listing (₹35) pointed to about ₹440; the shares opened 3.7 points above that estimate. How accurate is GMP?
A-One Steels India IPO Allotment Status
The registrar for this IPO is Bigshare Services. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
A-One Steels India IPO Lot Size & Minimum Investment
At upper price band of ₹405| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,985 |
| Retail (Max) | 13 | 481 | ₹1,94,805 |
| S-HNI (Min) | 14 | 518 | ₹2,09,790 |
| S-HNI (Max) | 66 | 2,442 | ₹9,89,010 |
| B-HNI (Min) | 67 | 2,479 | ₹10,03,995 |
A-One Steels India IPO analysis: what the numbers say
A-One Steels India is a backward-integrated steel producer with a wide range of products, including industrial goods needed in the production of steel as well as long and flat steel products. The ₹405 Cr issue combines a fresh issue of ₹355 Cr, which goes to the company, and an offer for sale (OFS) of ₹50 Cr by existing shareholders, so about 88% of the money raised reaches the business.
Revenue rose from ₹3,862.44 Cr in FY24 to ₹4,202.05 Cr in FY26, a compound annual growth of 4.3%. Profit after tax grew from ₹38.91 Cr to ₹127.41 Cr. That is a net profit margin of 3% in FY26. Borrowings were 1.23 times net worth at the end of FY26.
The issue closed subscribed 11.61x overall (QIB 7.30x, NII 24.51x and retail 8.64x). A-One Steels India listed at ₹455 on 1 Oct 2026, +12.4% against the issue price of ₹405. The last GMP before listing had pointed to about ₹440, so it opened 3.7 points above the grey market estimate. It closed the first day at ₹416.55 (+2.9%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
A-One Steels India IPO Issue Structure
Fresh issue ₹355 Cr (87.7%)
Offer for sale ₹50 Cr (12.3%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)85.86%
Promoter holding (post)—
- Promoters
- Sandeep Kumar, Sunil Jallan, Krishnan Kumar Jalan
- Book running lead managers
- PL Capital Markets Pvt. Ltd.
Objects of the A-One Steels India IPO
- Pre-payment or partial repayment of a portion of certain outstanding borrowings availed by the Company. ~ Rs. 250 Cr.
- General corporate purposes.
A-One Steels India IPO Strengths & Risks
Strengths
- One of the largest backward-integrated steel products manufacturers in southern India with a wide product portfolio.
- Business operations capitalize 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.
Risks
- Significant capital, operational complexity, and regulatory requirements are involved in proposed infrastructure and expansion projects. Business, cash flows, and growth prospects may be negatively impacted by delays or the failure to realize anticipated benefits.
- In the regular course of business, the company engages in related party transactions. These may nonetheless have a negative impact on business, cash flows, and financial situation even when they are carried out on an arm's length basis and in accordance with existing regulations.
- The building, infrastructure, power, transportation, and industrial sectors are among the industries that have an impact on business performance. Business and financial performance may be negatively impacted by economic cyclicality, decreased demand, or the availability of substitute resources in India or around the world.
A-One Steels India Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 3,862.44 | 3,569.63 | 4,202.05 |
| Profit after tax | 38.91 | 7.71 | 127.41 |
| Net worth | 421.79 | 676.63 | 819.52 |
| Total assets | 2,395.87 | 2,753.06 | 3,191.31 |
| Total borrowings | 1,042.53 | 963.67 | 1,010.94 |
| PAT margin | 1.01% | 0.22% | 3.03% |
A-One Steels India Key Performance Indicators (KPIs)
ROE14.7%
ROCE12.86%
RoNW15.43%
Debt / Equity1.17
About A-One Steels India IPO
A-One Steels India is a mainboard IPO worth ₹405 crore with a price band of ₹405 per share. The issue opens on 24 September 2026 and closes on 28 September 2026. Shares are expected to list on 1 October 2026 on BSE, NSE.
A-One Steels India (NSE) IPO is a Mainboard IPO with an issue size of Rs. 405 Cr by A-One Steels India Limited, which is a backward-integrated steel producer with a wide range of products, including industrial goods needed in the production of steel as well as long and flat steel products.
From MS billets, the firm produces HR and CR coils, which are further transformed into HR pipes, CR pipes, and galvanized tubes. Additionally, it uses MS billets to make TMT bars for long steel items.
Additionally, the company produces industrial goods that are marketed on the open market, such as silicon manganese/ferrosilicon and met coke. In the steel industry, ferrosilicon is crucial for alloying.
Construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, maritime structures, industrial buildings, and high-rise residential constructions are just a few of the industries that use the company's goods.
At its Bellary Plant and Koppal facility (Vanya Steels), the company produces sponge iron. On 39.29 acres of land, a 10 MW power plant with waste heat recovery is being built.
This new IPO is to be launched on 24 Sep 2026, and its ‘initial public offering’ will end on 28 Sep 2026.
A-One Steels India IPO: FAQs
What is the subscription status of A-One Steels India IPO?
The issue closed subscribed 11.61x overall (QIB 7.30x, NII 24.51x and retail 8.64x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of A-One Steels India IPO?
A-One Steels India listed at ₹455 on 1 Oct 2026, +12.4% against the issue price of ₹405. The last GMP before listing had pointed to about ₹440, so it opened 3.7 points above the grey market estimate. It closed the first day at ₹416.55 (+2.9%).
What is the price band of A-One Steels India IPO?
The A-One Steels India IPO price band is ₹405 per share and the issue size is ₹405 crore.
What is the lot size and minimum investment for A-One Steels India IPO?
One lot of A-One Steels India IPO has 37 shares. The minimum application for retail investors is 1 lot (37 shares), which costs ₹14,985 at the upper price band.
When does A-One Steels India IPO open and close?
A-One Steels India IPO opens for subscription on Thursday, 24 September 2026 and closes on Monday, 28 September 2026. Bids are accepted until 5 PM on the closing day.
What is the A-One Steels India IPO allotment date?
The basis of allotment for A-One Steels India IPO is expected to have been finalised on Tuesday, 29 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check A-One Steels India IPO allotment status?
Visit the website of the registrar, Bigshare Services, select A-One Steels India IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is A-One Steels India IPO listing date?
A-One Steels India shares listed on BSE, NSE on Thursday, 1 October 2026 at ₹455 per share.
Is A-One Steels India a mainboard or SME IPO?
A-One Steels India is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 1 Oct 2026, 6:30 AM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.