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A One Steel India Limited is on ShareSaathi
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Opens
24 Sept 2026
Closes
28 Sept 2026
Allotment
29 Sept 2026
Listing
1 Oct 2026
At a glance
IPO Open Thu, Sep 24, 2026 IPO Close Mon, Sep 28, 2026 Price Band To be declared Market Cap To be declared IPO Details IPO Date 24 to 28 Sep, 2026 Listing Date Thu, Oct 1, 2026 T Face Value ₹ 10 per share Price Band Sale Type Fresh capital cum OFS Issue Type Bookbuilding IPO Listing At BSE, NSE Total Issue Size [.] shares (agg. up to ₹ 405 Cr) Fresh Issue [.] shares (agg. up to ₹ 355 Cr) Offer for Sale [.] shares of ₹ 10 (agg. up to ₹ 50 Cr) Share Holding Pre Issue 6,84,65,270 shares IPO Timetable (Tentative) IPO Open Thu, Sep 24, 2026 IPO Close Mon, Sep 28, 2026 Allotment Tue, Sep 29, 2026 Refund Wed, Sep 30, 2026 Credit of Shares Wed, Sep 30, 2026 Listing Thu, Oct 1, 2026 IPOs Timetable Issue Reservation Investor Category Shares QIB Not more than 50% of the Net Offer Retail Not less than 35% of the Net Offer NII Not less than 15% of the Net Offer Investor Category Reservations Category Limit Cut-off RII Up to ₹2 Lakhs Yes sNII ₹2 Lakhs – ₹10 Lakhs No bNII Above ₹10 Lakhs No Employee (EMP) Up to ₹5 Lakhs Yes Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII) About A-One Steels India Ltd. Updated on Sep 12, 2026 Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing.
The company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes, and galvanized tubes. It also produces TMT bars from MS billets in long steel products.
Overview
A-One Steels IPO is a book build issue of ₹405.00 crores. The issue is a combination of fresh issue of ₹355.00 crores and offer for sale of ₹50.00 crores.\
A-One Steels IPO opens for subscription on Sep 24, 2026 and closes on Sep 28, 2026. The allotment for the A-One Steels IPO is expected to be finalized on Sep 29, 2026. A-One Steels IPO will list on NSE and BSE with a tentative listing date fixed as Oct 1, 2026.
A-One Steels IPO is set issue price band at [.] to [.] per share.
PL Capital Markets Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to A-One Steels IPO RHP for detailed Information.
Issue details
IPO Date
24 to 28 Sep, 2026
Listing Date
Thu, Oct 1, 2026T
Face Value
₹10 per share
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
About the company
Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing.
The company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes, and galvanized tubes. It also produces TMT bars from MS billets in long steel products.
The company also manufactures industrial products like met coke and silicon manganese/ferrosilicon, which are sold in the open market. Ferrosilicon is essential in the steel industry for alloying.
The company sources significant green energy compared to peers (Source: CRISIL Report). Its TMT bars, certified as green products by CII, are produced in various sizes at the Gauribidanur and Hindupur plants.
The company relies on a steady power and fuel supply, with power purchase agreements for solar and wind energy (15 to 25 years) to support its manufacturing facilities in Karnataka and Andhra Pradesh.
The company has six manufacturing facilities: five in Karnataka (Gauribidanur, Bellary, Koppal, Chikkantapur) and one in Hindupur, Andhra Pradesh. The company's manufacturing facilities are located near major iron ore sources, within 450 km of ports like Ennore, New Mangalore, and Goa-Mormugao, allowing cost-effective product transportation.
The company products are used in various industries, including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings, and high-rise residential constructions.
The company manufactures sponge iron at its Koppal facility (Vanya Steels) and Bellary Plant. It is setting up a 10 MW power plant with waste heat recovery on 39.29 acres of land.
- One of the largest backward integrated steel products manufacturers in southern India with a wide product portfolio.
- Business operations capitalizing 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.
- Strong brand recall driven by high quality, innovative, and wide range of products.
- Leading company in the use of green energy for manufacture of steel products.
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 3,191.31 | 2,753.06 | 2,395.87 |
| Total Income | 4,202.05 | 3,569.63 | 3,862.44 |
| Profit After Tax | 127.41 | 7.71 | 38.91 |
| EBITDA | 303.64 | 174.06 | 172.19 |
| NET Worth | 819.52 | 676.63 | 421.79 |
| Total Borrowing | 1,010.94 | 963.67 | 1,042.53 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 14.70% | 1.69% |
| ROCE | 12.86% | 7.03% |
| Debt/Equity | 1.17 | 1.34 |
| RoNW | 15.43% | 1.25% |
| PAT Margin | 3.04% | 0.34% |
| EBITDA Margin | 7.29% | 4.91% |
| NAV | 119.70 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
18.61
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 85.86% | |
| Public | 14.14% | |
| Total | 100% |
Objects of the issue
- — Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for expansion of facility
- — Equity Investment in Indian Subsidiary of the Company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for procurement of Solar energy
- — Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company
- — General Corporate Purposes
Intermediaries
Registrar
Bigshare Services Pvt.Ltd.
Lead manager(s)
PL Capital Markets Pvt.Ltd., Khambatta Securities Ltd.
FAQs
How to apply in A-One Steels IPO through Zerodha?+
Zerodha customers can apply online in A-One Steels IPO using UPI as a payment gateway. Zerodha customers can apply in A-One Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in A-One Steels IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' A-One Steels IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When A-One Steels IPO will open?+
The A-One Steels IPO opens on Thu, Sep 24, 2026 and closes on Mon, Sep 28, 2026.
What is the lot size of A-One Steels IPO?+
A-One Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
How to apply for A-One Steels IPO?+
You can apply in A-One Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is A-One Steels IPO allotment?+
The finalization of Basis of Allotment for A-One Steels IPO will be done on Tuesday, September 29, 2026 , and the allotted shares will be credited to your demat account by Wed, Sep 30, 2026 . Check the A-One Steels IPO allotment status .
When is A-One Steels IPO listing date ?+
The A-One Steels IPO listing date is not yet announced. The tentative date of listing is Thu, Oct 1, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.