A-One Steels IPO
ListedMainboardOpens 24 September 2026Closes 28 September 2026
Incorporated in 2012, A-one Steels India Limited is one of the largest backward-integrated steel product manufacturers in South India with a diversified product portfolio across long and flat steel products as well as…
Incorporated in 2012, A-one Steels India Limited is one of the largest backward-integrated steel product manufacturers in South India with a diversified product portfolio across long and flat steel products as well as industrial inputs used in steelmaking. The company operates six manufacturing facilities—five in Karnataka (Gauribidanur, Bellary Facility I & II, Koppal, and Chikkantapur) and one in Hindupur, Andhra Pradesh. It manufactures TMT bars, HR and CR coils, HR pipes, CR pipes, and galvanized tubes from MS billets, alongside industrial products like met coke and ferro alloys (silicon manganese and ferrosilicon). Serving infrastructure, civil construction, power plants, and industrial projects, A-One Steels emphasizes green energy transition, with long-term solar and wind power purchase agreements supplying over 57% of its energy requirements.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
24 Sept 2026
IPO Closes
28 Sept 2026
Allotment
29 Sept 2026
Listing
1 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Allotment Date | 29 September 2026 |
| Listing Date | 1 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,985 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,805 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,790 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,89,010 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,995 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company (₹250.00 Cr / ₹25,000.00 Lakhs).
- General Corporate Purposes.
Strengths
- One of the largest backward-integrated steel manufacturers in South India, operating six manufacturing facilities with deep process integration.
- Strategic location advantages with proximity to Karnataka's iron ore belt and key maritime ports like Ennore, New Mangalore, and Mormugao.
- Extensive usage of green energy, with long-term solar and wind PPAs meeting over 57% of power requirements in FY26.
- Well-diversified product portfolio spanning TMT bars, HR/CR pipes, GP pipes, coils, sponge iron, met coke, and ferro alloys.
Weaknesses
- Geographic concentration risk, deriving over 54% of its Revenue from Operations from Karnataka.
- High reliance on external third-party suppliers for critical raw materials, with the top 10 suppliers accounting for over 49% of total purchases.
- Substantial capital and working capital intensity, with ₹1,158.14 Cr of total outstanding borrowings as of July 15, 2026.
- Exposure to inherent cyclicality and pricing volatility in the domestic and global iron and steel industry.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 3,191.31 | 2,753.06 | 2,395.87 |
| Revenue (₹ Cr.) | 4,202.05 | 3,569.63 | 3,862.44 |
| PAT (₹ Cr.) | 127.41 | 7.71 | 38.91 |
| Net Worth (₹ Cr.) | 819.52 | 676.63 | 421.79 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| A-One Steels | 3.38 | 24.55 | 15.43% | 819.52 |
| Shyam Metalics and Energy | 2.61 | 26.85 | 9.29% | 12,357 |
| Jai Balaji Industries | 2.58 | 40.12 | 5.76% | 2,125 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.1x | 0.1x | 7.69x |
| NII | 0.81x | 2.18x | 25.8x |
| S-HNI | 0.76x | 2.65x | 25.03x |
| B-HNI | 0.83x | 1.94x | 26.18x |
| RII | 0.81x | 1.87x | 9.11x |
| EMP | 0.67x | 1.68x | 5.15x |
| Total | 0.61x | 1.43x | 12.23x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 19,87,592 | 1,52,92,803 | 619.36 |
| NII | 14,91,825 | 3,84,82,886 | 1,558.56 |
| Small NII | 4,97,275 | 1,24,44,876 | 504.02 |
| Big NII | 9,94,550 | 2,60,38,010 | 1,054.54 |
| RII | 34,80,926 | 3,17,09,740 | 1,284.24 |
| EMP | 54,496 | 2,80,867 | 11.38 |
| Total | 70,14,839 | 8,57,66,296 | 3,473.53 |
Company Details
- A-One Steels India Limited
- A One House, No. 326, CQAL Layout, Ward No. 08, Sahakarnagar, Bangalore – 560092, Karnataka, India
- +91 80 4564 6000
- legal@aonesteelgroup.com
- https://www.aonesteelgroup.com
Registrar Details
- Bigshare Services Private Limited
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com
Frequently Asked Questions
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A-One Steels IPO News & Updates
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A-One Steels IPO IPO Pages
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A-One Steels IPO Details
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A-One Steels IPO GMP
Live grey market premium and listing estimate
A-One Steels IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
A-One Steels IPO Allotment
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A-One Steels IPO Review
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A-One Steels IPO FAQ
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A-One Steels IPO Registrar
Registrar website and how to check allotment
A-One Steels IPO Timeline
Open, close, allotment, and listing dates
A-One Steels IPO News
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Sources
We match A-One Steels IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.