A-One Steels India IPO
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A-One Steels India IPO details
Schedule of A-One Steels India
| Issue open date | 24 Sep 2026 |
| Issue close date | 28 Sep 2026 |
| UPI mandate deadline | 28 Sep 2026 (5 PM) |
| Allotment finalization | 29 Sep 2026 |
| Refund initiation | 30 Sep 2026 |
| Share credit | 30 Sep 2026 |
| Listing date | 01 Oct 2026 |
| Mandate end date | 13 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 28 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 27 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About A-One Steels India
A-One Steels India Limited manufactures and supplies integrated steel and industrial products, operating primarily across intermediate and finished steel segments. Its product portfolio includes sponge iron, MS billets, TMT bars, hot-rolled coils, cold-rolled coils, and various steel pipes and tubes. The company operates six manufacturing facilities located in Karnataka and Andhra Pradesh. It generates revenue principally through direct retail sales channels, authorized distributors, institutional customers, and surplus intermediate product sales in the open market. Backward integration across multiple production stages allows internal consumption of intermediate goods like sponge iron and MS billets for downstream manufacturing. Raw materials such as scrap, iron ore, pellets, and coal are sourced through domestic and international market purchases, e-auctions, and supply arrangements.
Financials of A-One Steels India
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 405 |
| Fresh Issue – Proceeds go to the company | 355 |
| Offer for sale – Proceeds go to the existing investors | 50 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Pre-payment or partial repayment of outstanding borrowings |
250 (70.42%) |
| General corporate purposes | 105 (29.58%) |
Strengths
- Integrated steel manufacturing model enabling captive consumption.
- Broad product range spanning TMT bars, pipes, and coils.
- Manufacturing units located near raw material mineral belts.
- Diversified sales mix including distributors, retail, and institutional clients.
- Established presence and operational footprint in South India.
Risks
- Revenue concentration in three key product categories.
- Heavy regional dependency with over 50% sales in Karnataka.
- Lack of long-term supply contracts for iron ore and coal.
- Outstanding environmental, tax, and legal proceedings.
- Substantial debt obligations with variable interest rate exposure
Allotment Status for A-One Steels
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for A-One Steels India
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 28, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 20.94 | 152.93 | 7.30x |
| NII | 15.70 | 384.83 | 24.51x |
| Retail | 36.64 | 316.46 | 8.64x |
| Total | 73.85 | 857.03 | 11.61x |