A-One Steels IPO: Price, Dates, Lot Size, Allotment and Listing
A-One Steels is raising ₹405 crore through its IPO, which comprises both a fresh issue and an offer for sale. The fresh issue consists of 87.71 lakh equity shares worth ₹355 crore, while existing shareholders will sell 12.35 lakh shares valued at ₹50 crore through the offer for sale.
The IPO opened for subscription on September 24, 2026, and investors can bid until September 28, 2026. The basis of allotment is expected to be finalized on September 29, 2026. Shares are proposed to be listed on both the NSE and BSE, with the tentative listing date set for October 1, 2026.
The company has fixed the price band at ₹385 to ₹405 per share. Each IPO application will require a minimum of 37 shares, which means a retail investor applying at the upper end of the price band will need ₹14,985.
A portion of the issue, comprising up to 54,496 shares, has been reserved for eligible employees. These shares are being offered at a ₹38 discount to the issue price.
PL Capital Markets Pvt. Ltd. is acting as the book-running lead manager for the IPO, while Bigshare Services Pvt. Ltd. is the issue registrar.
Investors looking for complete information on the offer can refer to the company’s Red Herring Prospectus (RHP) filed with SEBI, which contains detailed information about the company, its business, financials, risks and the IPO.
Price Range
₹385 - ₹ 405
₹14,245
Min. Investment
A-One Steels India Ltd IPO
Steel & Iron
| Issue Size | ₹ 405 Cr |
| IPO Type | Mainboard |
| Market Cap | ₹ 3,127 Cr |
| Price Range | ₹385-₹405 |
| Listing Ex. | BSE, NSE |
| Revenue | ₹ 4,148.5 Cr |
| Lot Size | 37 Shares |
| RHP | Read |
| Growth Rate | 4.02% |
About A-One Steels India Limited
Incorporated in 2012, A-One Steels India Limited is a backward-integrated steel manufacturer with operations spanning both long and flat steel products. The company has built a diversified product portfolio that includes TMT bars, hot-rolled (HR) coils, cold-rolled (CR) coils, pipes, galvanized tubes, sponge iron and MS billets, along with industrial products such as met coke and ferroalloys.
A key part of A-One Steels' business model is its integrated manufacturing process. The company uses MS billets to manufacture HR and CR coils, which are further processed into HR pipes, CR pipes and galvanized tubes. MS billets are also used in the production of TMT bars, which are primarily supplied for construction and infrastructure applications.
The company also manufactures sponge iron, an important raw material used in steelmaking, at its facilities in Koppal and Bellary. In addition, A-One Steels produces silicon manganese and ferrosilicon, which are used in the steel industry for alloying and other manufacturing applications. These industrial products are also sold in the open market.
Manufacturing Facilities:A-One Steels IPO
A-One Steels operates six manufacturing facilities, with five located in Karnataka and one in Hindupur, Andhra Pradesh. Its manufacturing presence includes facilities at Gauribidanur, Bellary, Koppal and Chikkantapur in Karnataka, along with the Hindupur facility.
The location of these plants provides the company with access to important raw material sources, particularly iron ore. The facilities are also situated within approximately 450 km of major ports such as Ennore, New Mangalore and Goa-Mormugao, supporting the movement of raw materials and finished products.
The company is also developing a 10 MW power plant with waste heat recovery on approximately 39.29 acres of land. This is part of its efforts to improve energy efficiency and support its manufacturing operations.
Focus on Green Energy
Energy is an important part of steel manufacturing, and A-One Steels has adopted renewable power sources to support its operations. According to the CRISIL Report, the company sources a significant share of green energy compared with its peers.
The company has entered into long-term power purchase agreements for solar and wind energy, with agreements extending for periods of around 15 to 25 years. Its TMT bars are also certified as green products by the Confederation of Indian Industry (CII). The company's TMT products are manufactured in different sizes at its Gauribidanur and Hindupur facilities.
Products and Applications
A-One Steels serves customers across construction, infrastructure and several industrial sectors. Its products are used in projects such as highways, bridges, flyovers, airports, dams, power plants, stadiums, marine structures, industrial buildings and high-rise residential developments.
Its major products include:
- Sponge Iron: Used as a raw material in the production of steel.
- MS Billets: Used for manufacturing bars, rods and other structural steel products.
- TMT Bars: Mainly used for reinforcement in concrete structures and construction projects.
- HR Coils: Used in the manufacture of pipes, tubes, automotive components and industrial equipment.
- CR Coils: Used in applications requiring a smoother and more precise surface finish, including automotive panels, appliances and precision products.
- HR and CR Pipes: Used across construction, infrastructure and industrial applications.
- Galvanized Tubes: Used in applications where corrosion resistance is required.
- Met Coke and Ferroalloys: Industrial products used in steelmaking and related manufacturing processes.
Distribution and Market Presence
The company has developed a distribution network covering multiple sales channels, allowing it to serve customers across different markets. Its broad product portfolio also enables it to cater to both construction-related demand and industrial applications.
A-One Steels' backward integration gives it greater control over several stages of the manufacturing process, from raw materials and sponge iron to billets and finished steel products. The company also highlights its manufacturing locations, product range, distribution network and use of renewable energy as key aspects of its business model.
As of November 30, 2024, A-One Steels had 2,459 employees, including 1,377 permanent employees and 1,082 contractual employees. Its sales and marketing function had 63 employees.
Key Strengths
A-One Steels operates an integrated steel manufacturing model with a presence across both long and flat steel products. Its manufacturing footprint in southern India, proximity to raw material sources and access to ports provide logistical advantages for its operations.
The company also has a diversified product portfolio and an established distribution network serving construction, infrastructure and industrial customers. Its focus on renewable energy and green steel products is another notable part of its manufacturing strategy.
Overall, A-One Steels' business is built around backward integration, a diversified steel product portfolio, strategically located manufacturing facilities and increasing use of renewable energy.
| 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 | 2442 | ₹9,89,010 |
| B-HNI (Min) | 67 | 2479 | ₹10,03,995 |
A-One Steels IPO FAQs
What is the A-One Steels IPO?
A-One Steels India Limited is launching a ₹405 crore Mainboard IPO. The offer includes a fresh issue of shares as well as an offer for sale by existing shareholders. The shares are proposed to be listed on the NSE and BSE.
When will the A-One Steels IPO open and close?
The IPO opened for subscription on September 24, 2026, and the bidding period will end on September 28, 2026.
What is the price band of the A-One Steels IPO?
The company has fixed the IPO price band at ₹385 to ₹405 per equity share.
What is the lot size for the A-One Steels IPO?
The minimum application size is 37 shares, which represents one IPO lot. At the upper price of ₹405, one lot requires an investment of ₹14,985.
What is the fresh issue component of A-One Steels IPO?
The fresh issue is worth approximately ₹355 crore. The company intends to use the proceeds primarily toward pre-payment or partial repayment of certain outstanding borrowings, along with general corporate purposes.
What is the minimum investment required for the A-One Steels IPO?
A retail investor needs to apply for at least one lot of 37 shares. At ₹405 per share, the minimum application amount is ₹14,985.
When will the A-One Steels IPO allotment be finalized?
The basis of allotment is scheduled to be finalized on September 29, 2026. Investors can subsequently check their allotment status through the registrar and other designated platforms.
What is the expected listing date of A-One Steels IPO?
A-One Steels shares are scheduled to list on October 1, 2026. The proposed listing is on both the NSE and BSE.
Who is the registrar of the A-One Steels IPO?
Bigshare Services Pvt. Ltd. is acting as the registrar for the A-One Steels IPO. The registrar will handle processes related to applications, allotment and investor records.
Disclaimer: The information provided on this IPO page is for educational and informational purposes only and should not be considered investment advice, a recommendation, or an offer to buy or sell any securities. IPO details such as price, dates, GMP, subscription data, financial figures, and listing information may change and may contain errors or omissions. Investors should independently verify all information from official sources, including the company’s RHP/DRHP and stock exchange filings, and assess their own risk before making any investment decision. EduTaxTuber does not guarantee any profit or listing gains and shall not be responsible for any loss arising from decisions made based on this information.
