A-One Steels India IPO Details
A-One Steels India IPO Summary
A-One Steels India IPO opens for subscription on 24 Sep 2026 and closes on 28 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 01 Oct 2026.
A-One Steels India IPO price band has been fixed at ₹385 – ₹405 per share. The face value is ₹10 per share with a lot size of 37.
A-One Steels India IPO total issue size comprises 99,99,999 shares (aggregating up to ₹405.00 Cr). This includes a fresh issue of 87,65,432 shares (aggregating up to ₹355.00 Cr). Offer for Sale consists of 12,34,567 shares (aggregating up to ₹50.00 Cr). Pre-issue shareholding stands at 6,84,65,270, which will increase to 7,72,30,702 post-issue.
A-One Steels India IPO carries a ₹60 (14.81%) GMP, reflecting investor sentiment.
A-One Steels India IPO Lot Size :Retail Minimum is 1 lot (37 shares) amounting to ₹14,985. Retail Maximum is 13 lots (481 shares) amounting to ₹1,94,805. SHNI Minimum is 14 lots (518 shares) amounting to ₹2,09,790. SHNI Maximum is 66 lots (2,442 shares) amounting to ₹9,89,010. BHNI Minimum is 67 lots (2,479 shares) amounting to ₹10,03,995.
A-One Steels India IPO Details
A-One Steels India IPO Dates
- 24 Sep 2026Opening dateOpen
- 28 Sep 2026Closing dateClose
- 29 Sep 2026Allotment Date Allotment
- 30 Sep 2026Initiation of RefundsRefund
- 30 Sep 2026Credit of SharesCredit
- 01 Oct 2026Listing dateListing
A-One Steels India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,985 |
| Retail Maximum | 13 | 481 | ₹1,94,805 |
| SHNI Minimum | 14 | 518 | ₹2,09,790 |
| SHNI Maximum | 66 | 2442 | ₹9,89,010 |
| BHNI Minimum | 67 | 2479 | ₹10,03,995 |
A-One Steels India IPO Reservation
Promoter Holding
Documents
A-One Steels India IPO Valuations
A-One Steels India Financial Information
| Period Ended | 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 |
| 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 2,459 employees, including 1,377 permanent and 1,082 contractual. The sales and marketing team had 63 employees.
Strength Of A-One Steels India IPO
- Backward integrated steel products manufacturer in southern India with a diversified product portfolio.
- Business operations capitalizing on the strategic location advantage.
- Diversified sales channels and customer base.
- Well-positioned in an industry characterized by high entry barriers, with access to cost-efficient manufacturing inputs.
- Brand Presence supported by product quality, diversified offerings and targeted marketing initiatives.
- Use of green energy for the manufacture of steel products and certified green product portfolio.
- Experienced Promoters supported by a strong management and execution team.
Risk Of A-One Steels India IPO
- Our profitability and margins have fluctuated in the past, and we may not be able to sustain the improvement in our profitability and margins recorded in Fiscal 2026.
- Our proposed expansion and infrastructure initiatives may involve significant capital outlay, operational complexity, and regulatory dependencies, and may not yield the expected benefits, which could adversely affect our business, financial condition, cash flows, and growth prospects.
- We enter into certain related party transactions in the ordinary course of our business and we cannot assure you that such transactions will not adversely affect our business, results of operations, cash flows and financial condition.
- Between Fiscal 2021 to 2025, the Registrar of Companies and/or the Regional Director have levied penalties against the Company, its Directors and the Promoters, for violation of certain provisions of the Companies Act, 2013.
- We derive a substantial portion of our revenue i.e. 61.61%, 67.74% and 60.84%, of our Revenue from Operations, during Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, from the sale of three key products; (i) Pipes and Tubes; (ii) TMT Bars; (iii) Sponge Iron. Any loss of sales due to reduction in demand for these products could adversely affect our business, financial condition, results of operations and cash flows.
- More than 50% of our Revenue from Operations has historically been concentrated in the State of Karnataka. Any adverse developments in this region may have a significant adverse impact on our business, financial condition and cash flows.
- Our business is dependent on the performance of the key industries in which our customers operate. Economic cyclicality, reduction in demand and availability of substitute materials in these industries, in India or globally, could adversely affect our business, results of operations, cash flows and financial condition.
- The Offer Price of our Equity Shares and price-to-earnings(P/E), may not reflect the trading price of our Equity Shares upon listing on the Stock Exchanges subsequent to the Issue and, as a result, you may lose a significant part or all of your investment.
- Certain deficiencies were identified in relation to the enablement, operation and preservation of audit trail records in the accounting software used by our Company and certain of our Subsidiaries, which may expose us to regulatory action and adversely affect our financial reporting and internal control framework.
- We are highly dependent on our Promoters, our Key Managerial Personnel and our Senior Management. Any inability on our part to retain or recruit skilled personnel could adversely affect our business, results of operations and financial condition.
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 FAQs
The A-One Steels India IPO is a MAINBOARD public issue comprising 9999999 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹405.00 Cr. The issue price has been fixed at ₹405 per equity share, and the minimum application size is 37 shares.
The IPO opens for subscription on 24 Sep 2026, and closes on 28 Sep 2026.
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 ₹60 (14.81%).
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