A-one Steels India Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹385 - ₹405
- Lot size
- 37 shares
- Issue amount
- ₹405 cr
- Total subscription
- 12.22×
- Opens
- 24 Sept 2026
- Closes
- 28 Sept 2026
- Allotment
- 29 Sept 2026
- Listing
- 1 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 99,99,999 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,245
- Fresh issue
- ₹355 cr
- Offer for sale
- ₹50 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,985
- Issue type
- Bookbuilding IPO
- Shares before issue
- 6,84,65,270
- Shares after issue
- 7,72,30,702
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 37 | ₹14,985 |
| sHNI | 14 | 518 | ₹2,09,790 |
| bHNI | 67 | 2,479 | ₹10,03,995 |
Share reservation
Subscription & GMP
Subscription by category
Reported 28 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 94,079 | 7,78,569 |
| EMPLOYEES | 0 | 5,157 |
| HNIs(10L +) | 1,920 | 10,347 |
| HNIs (2-10L) | 960 | 23,489 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 80.5 | 619.36 |
| RETAIL | 140.98 | 1,281.63 |
| HNIs 2+ | 20.14 | 504.02 |
| HNIs 10+ | 40.28 | 1,054.54 |
| EMPLOYEES | 2.21 | 11.38 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 18.47 | 1.28 | 6.56 |
| ROE | 14.7 | 1.07 | 8.75 |
| ROCE | 12.86 | 7.03 | 8.67 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 21.76 | 0 | 0 |
| POST IPO(PE) | 24.55 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| MSP Steel and Power Limited | 61.52 | 0 | 10.00 | 18.18 | 0 | 0.60 |
| Jai Balaji Industries Limited | 45.76 | 0 | 2.00 | 24.75 | 0 | 1.42 |
| Shyam Metallics and Energy Limited | 28.31 | 0 | 10.00 | 412.81 | 10.10 | 38.10 |
| A-One Steels India Limited | 21.76 | 0 | 10.00 | 119.93 | 15.43 | 18.47 |
Company information
Company profile
A-One Steels India Limited, originally incorporated as A-One Steel and Alloys Private Limited in April 2012, was renamed A-One Steels India Private Limited in June 2024 and later converted into a public limited company in December 2024. Established in 2009, the A-One Steel Group is a steel manufacturer in South India with an integrated manufacturing setup focused on quality, innovation and sustainability. The Company produces HR and CR coils, HR/CR pipes, galvanized tubes, TMT bars, met coke, silicon manganese and ferrosilicon. It operates six manufacturing facilities across Karnataka and Andhra Pradesh, strategically located near major iron ore sources and within 450 km of key ports, supporting efficient transportation. Its products are used in construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings and high-rise residential projects. The Company also manufactures sponge iron at its Koppal and Bellary facilities and is setting up a 10 MW power plant with waste heat recovery on 39.29 acres of land. It further sources renewable energy through long-term solar and wind power purchase agreements, supporting its operations and sustainability initiatives.
Strengths
- Backward-Integrated & Diversified Steel Portfolio: The company operates across different stages of the steel manufacturing process and produces long steel, flat steel and industrial products. This reduces dependence on any single product category.
- Strategic Manufacturing Location: Its manufacturing facilities are located close to key raw material sources, helping reduce transportation and logistics costs and supporting better operating margins.
- Diversified Sales Channels & Customer Base: The company sells through retail outlets, authorised distributors, institutional customers, intermediaries and trading channels. It serves dealers, construction and infrastructure companies, as well as other institutional and bulk buyers.
Risk factors
- Expansion & Capital Expenditure Risks: The company’s planned expansion and infrastructure projects require significant investment and involve operational and regulatory challenges. Delays or failure to achieve expected benefits could affect business, cash flows and future growth.
- Related Party Transaction Risk: The company carries out related party transactions as part of its regular business activities. Although these transactions are conducted on an arm’s-length basis and comply with applicable laws, they may still impact the company’s business, cash flows and financial condition.
- Dependence on End-Use Industries: The company’s performance depends on sectors such as construction, infrastructure, power, transportation and industrial activities. Economic downturns, weaker demand or the availability of substitute materials could negatively affect business and financial performance.
Promoters
Sandeep Kumar
Sunil Jallan
Krishnan Kumar Jalan
Registrar & documents
Lead manager
Khambatta Securities Limited, PL Capital Markets Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-One House, No. 326, CQAL Layout, Ward No. 08, Sahakarnagar, Bangalore Urban, Karnataka, 560092
080-45646000
[email protected]Company website ↗Understanding AONESTEELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.