A-One Steels India IPO Details
MAINBOARD
A-One Steels India IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
The Lead Managers for A-One Steels India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Pl Capital Markets Pvt Ltd, Khambatta Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the A-One Steels India Limited DRHP.
A-One Steels India IPO Details
A-One Steels India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
A-One Steels India IPO Reservation
Promoter Holding
Documents
A-One Steels India IPO Valuations
A-One Steels India Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,387.24 | 2,395.87 | 1,973.9 | 1,107.93 |
| Revenue | 961.57 | 3,862.44 | 3,184.27 | 2,761.2 |
| Profit After Tax | 16.57 | 38.46 | 97.89 | 101.19 |
| Net Worth | 605.27 | 426.44 | 362.58 | 264.7 |
| Reserves and Surplus | 551.9 | 421.18 | 361.97 | 264.09 |
| Total Borrowing | 1,098.78 | 1,042.53 | 1,126.04 | 459.99 |
| Amount in ₹ Crore | ||||
About A-One Steels India IPO
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.
Products:
- Sponge iron: Primarily used in steel manufacturing as a raw material for the production of steel billets and other steel products.
- MS billet: Used as raw material for rolling into bars, rods, and other structural steel products.
- TMT: Construction and infrastructure for reinforcement in concrete structures.
- HR coil: Manufacturing of pipes, tubes, automotive frames, and various industrial equipment.
- CR coil: Used in precision instruments, automotive panels, appliances, and other finished goods requiring a smooth surface finish.
As of November 30, 2024, the company had 1,921 employees, including 1,099 permanent and 822 contractual. The sales and marketing team had 59 employees.
Strength Of A-One Steels India IPO
Risk Of A-One Steels India IPO
Objectives A-One Steels India IPO
- Equity investment in Indian Subsidiary of the Company, Vanya Steels Private Limited for purchase of equipment /machineries and civil works for expansion of manufacturing facility.
- Equity Investment in Indian Subsidiary of the Company, Vanya Steels Private Limited 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.
Company Contact Details
A-One Steels India Limited
A-One House, No. 326, CQAL Layout,
Ward No. 08, Sahakarnagar,
Bangalore – 560092
Phone: 080-45646000
Email: legal@aonesteelgroup.com
Website: https://aonesteelgroup.com/
Registrar Contact Details
A-One Steels India IPO - FAQs
The A-One Steels India IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹650.00 Cr. The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.