A-One Steels IPO Subscription
ListedUpdated 1 October 2026, 9:15 AM IST· Mainboard
A-One Steels IPO subscription closed on 28 September 2026 at 12.22x overall by shares. QIB demand came in at 7.69x, NII at 25.80x, and retail at 9.09x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 29 September 2026. Listing date on NSE and BSE is 1 October 2026.
A-One Steels IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 24 Sept 2026 | 0.10x | 0.81x | 0.81x | 0.61x |
| Day 2 - 25 Sept 2026 | 0.10x | 2.18x | 1.87x | 1.43x |
| Day 3 - 28 Sept 2026 | 7.69x | 25.80x | 9.11x | 12.23x |
A-One Steels IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
A-One Steels IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 8.27x | 1 in 8 |
| SHNI (Rs 2L to Rs 10L) | 24.47x | 1 in 24 |
| BHNI (above Rs 10L) | 5.39x | 1 in 5 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the A-One Steels IPO Allotment Status page from 29 September 2026 for your result.
A-One Steels IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 405.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 80.50 Cr | Rs 619.36 Cr | 7.69x |
| FII | - | Rs 243.39 Cr | - |
| DFI | - | Rs 25.28 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 350.69 Cr | - |
| NII | Rs 60.42 Cr | Rs 1,558.56 Cr | 25.80x |
| bNII (above Rs 10L) | Rs 40.28 Cr | Rs 1,054.54 Cr | 26.18x |
| Corporate | - | Rs 16.04 Cr | - |
| Individual | - | Rs 1,000.52 Cr | - |
| Other | - | Rs 37.98 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 20.14 Cr | Rs 504.02 Cr | 25.03x |
| Corporate | - | Rs 3.06 Cr | - |
| Individual | - | Rs 480.94 Cr | - |
| Other | - | Rs 20.01 Cr | - |
| Retail | Rs 140.98 Cr | Rs 1,281.68 Cr | 9.09x |
| Cut-off price | - | Rs 1,105.77 Cr | - |
| Fixed price | - | Rs 175.91 Cr | - |
| Employee | Rs 2.21 Cr | Rs 11.38 Cr | 5.15x |
| Cut-off price | - | Rs 9.22 Cr | - |
| Fixed price | - | Rs 2.15 Cr | - |
| Total | Rs 284.10 Cr | Rs 3,470.97 Cr | 12.22x |
A-One Steels IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 19,87,592 | 2,641 | 0.00x |
| FII | - | 92 | - |
| DFI | - | 7 | - |
| Mutual Funds | - | - | - |
| Other | - | 2,542 | - |
| NII | 2,880 | 33,830 | 11.75x |
| bNII (above Rs 10L) | 1,920 | 10,341 | 5.39x |
| Corporate | - | 131 | - |
| Individual | - | 9,832 | - |
| Other | - | 378 | - |
| sNII (Rs 2L to Rs 10L) | 960 | 23,489 | 24.47x |
| Corporate | - | 135 | - |
| Individual | - | 22,422 | - |
| Other | - | 932 | - |
| Retail | 94,079 | 7,78,398 | 8.27x |
| Cut-off price | - | 6,69,481 | - |
| Fixed price | - | 1,08,917 | - |
| Employee | 1,473 | 5,165 | 3.51x |
| Cut-off price | - | 4,139 | - |
| Fixed price | - | 1,026 | - |
| Total | 20,86,024 | 8,20,034 | 0.39x |
What Do These Subscription Numbers Mean?
12.22x overall by shares means bids covered about 12 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 7.69x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (11.75x by applications). Split: SHNI 24.47x, BHNI 5.39x by applications. SHNI and BHNI allotment is by lottery.
At 8.27x subscription by applications, about 1 in 8 retail applicants may get allotment (~12% chance per application). Retail allotment is also by lottery.
A-One Steels IPO GMP After Subscription
GMP for A-One Steels IPO stands at Rs 46.00 today, giving an estimated listing price of Rs 451.00 per share.
The GMP has moved lower from Rs 55.00 on 17 Sept 2026 to Rs 46.00 on 1 Oct 2026.
A subscription of 12.22x combined with a GMP of 11.36% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the A-One Steels IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
A-One Steels IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Allotment Date | 29 September 2026 |
| Refund Initiation | 30 September 2026 |
| Share Credit to Demat | 30 September 2026 |
| Listing Date | 1 October 2026 |
| Minimum Investment | Rs 14,985.00 |
| Lot Size | 37 shares |
About A-One Steels IPO
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).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
A-One Steels IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
A-One Steels IPO Details
Issue size, price, financials, and company info
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
Allotment date, chances, and check by PAN
A-One Steels IPO Review
SWOT, strengths, risks, and IPO review
A-One Steels IPO FAQ
Common questions on dates, GMP, and allotment
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
Updates, blogs, and latest IPO news
A-One Steels IPO Subscription FAQs
What is A-One Steels IPO subscription status today?
A-One Steels IPO subscription closed on 28 September 2026 with overall subscription of 12.22x (by shares) as of 12 October 2026, 5:01 AM IST. QIB 7.69x, NII 11.75x, Retail 8.27x.
What is the overall subscription of A-One Steels IPO?
A-One Steels IPO is subscribed 12.22x overall by shares at close on 28 September 2026. QIB 7.69x, NII 11.75x, and Retail 8.27x.
What is A-One Steels IPO QIB subscription?
A-One Steels IPO QIB (Qualified Institutional Buyers) subscription is 7.69x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is A-One Steels IPO Retail subscription?
A-One Steels IPO Retail subscription is 8.27x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is A-One Steels IPO NII, SHNI, and BHNI subscription?
A-One Steels IPO NII subscription is 11.75x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 24.47x and BHNI (above Rs 10L) at 5.39x.
What are A-One Steels IPO retail allotment chances?
At 8.27x subscription by applications, about 1 in 8 retail applicants may get allotment (~12% chance per application). Allotment is by lottery. Share subscription was 9.09x. Allotment chances use applications, not share volume.
What are A-One Steels IPO SHNI allotment chances?
At 24.47x subscription by applications, about 1 in 24 SHNI applicants may get allotment (~4% chance per application). Allotment is by lottery. Share subscription was 25.03x. Allotment chances use applications, not share volume.
What are A-One Steels IPO BHNI allotment chances?
At 5.39x subscription by applications, about 1 in 5 BHNI applicants may get allotment (~19% chance per application). Allotment is by lottery. Share subscription was 26.18x. Allotment chances use applications, not share volume.
When is A-One Steels IPO allotment date?
A-One Steels IPO allotment date is 29 September 2026. Check A-One Steels IPO Allotment Status on IPOwiz from that day using your PAN.
When does A-One Steels IPO subscription close?
A-One Steels IPO subscription closed on 28 September 2026. No new applications are accepted after the close.
What is A-One Steels IPO GMP today?
A-One Steels IPO GMP is ₹46 today (+11.36% over issue price ₹405). See live GMP on the A-One Steels IPO GMP Today page.
What is A-One Steels IPO issue price and lot size?
A-One Steels IPO issue price is ₹405 per share. Lot size is 37 shares. Minimum investment is ₹14,985 per lot. Issue size: ₹405.00 Cr.
When is A-One Steels IPO listing date?
A-One Steels IPO listing date is 1 October 2026 on NSE and BSE. Allotment is on 29 September 2026.
How does subscription affect A-One Steels IPO allotment?
In A-One Steels IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 12.22x overall, competition is high.
For allotment results from 29 September 2026, visit the A-One Steels IPO Allotment Status page. For listing day updates on 1 October 2026, download the IPOwiz App.
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
- IPO RegistrarRegistrar details are on the allotment page 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 subscription data before it goes live.