A-One Steels India Limited is coming with its mainboard IPO in September 2026. The company is a backward and vertically integrated steel manufacturer based in southern India, with a product portfolio covering long and flat steel products along with industrial products used in steel manufacturing.
For investors tracking the Upcoming IPO in India, A-One Steels IPO is an important issue to follow. Here we cover the IPO date, price band, lot size, issue size, business details, GMP, allotment and listing information.
A-One Steels IPO – Key Details
| Particulars | Details |
|---|---|
| Company Name | A-One Steels India Limited |
| IPO Type | Mainboard IPO |
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Price Band | ₹385 – ₹405 per share |
| Face Value | ₹10 per share |
| Lot Size | 37 Shares |
| Minimum Investment | ₹14,985 at upper price band |
| Issue Size | ₹405 Crore |
| Fresh Issue | ₹355 Crore |
| Offer for Sale | ₹50 Crore |
| Listing | BSE & NSE |
| Allotment Date | 29 September 2026 |
| Tentative Listing Date | 1 October 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
The IPO schedule and issue details are based on currently available information and may be subject to official updates.
About A-One Steels India Limited
A-One Steels India Limited is a steel manufacturing company that operates with a backward-integrated business model. The company manufactures and supplies a range of steel and industrial products.
Its portfolio includes long steel products, flat steel products and industrial products used in steel manufacturing. The company began operations with manufacturing MS billets at its Gauribidanur facility and has subsequently expanded its manufacturing capabilities.
According to available company information, A-One Steels also operates a WHRB power plant at its Koppal facility and acquired a 70% stake in Basai Steels & Power Private Limited in 2024.
A-One Steels IPO Price & Lot Size
The IPO price band has been fixed at ₹385 to ₹405 per share. The minimum lot size is 37 shares.
At the upper price band of ₹405, one lot requires an investment of approximately ₹14,985. Retail investors can apply for a minimum of one lot, subject to the applicable IPO rules.
A-One Steels IPO Dates
The A-One Steels IPO opened for subscription on 24 September 2026 and will close on 28 September 2026.
The basis of allotment is expected on 29 September, while refunds and share credits are scheduled for 30 September. The shares are tentatively scheduled to list on 1 October 2026 on BSE and NSE.
A-One Steels IPO Issue Size
The total IPO size is approximately ₹405 crore.
The issue consists of a fresh issue of up to ₹355 crore and an offer for sale of up to ₹50 crore. The company has stated that a portion of the fresh issue proceeds will be used for pre-payment or partial repayment of certain outstanding borrowings, with the remaining funds intended for general corporate purposes.
A-One Steels IPO GMP Today
The Grey Market Premium (GMP) is an unofficial indicator of market sentiment before listing. GMP is not regulated by the stock exchanges and can change frequently.
Different market trackers can report different GMP figures depending on the time of update. Therefore, investors checking A-One Steels IPO GMP Today should verify the latest figure rather than relying on an older update.
GMP should also not be considered a guaranteed indication of the actual listing price.
A-One Steels IPO Business Overview
A-One Steels operates in the steel manufacturing industry and has a diversified product portfolio. Its vertically integrated operations allow the company to participate in different stages of the steel manufacturing process.
The company's products serve industrial and infrastructure-related requirements, making its business connected to sectors that use steel as a major input.
However, steel companies are also exposed to factors such as raw-material costs, steel prices, demand conditions, competition and broader economic cycles. Investors should review these risks in the company's official offer documents.
A-One Steels IPO – Important Points
Before applying for the IPO, investors can consider the following information:
- A-One Steels is a Mainboard IPO.
- The price band is ₹385–₹405 per share.
- The lot size is 37 shares.
- The total issue size is ₹405 crore.
- The issue includes both a fresh issue and an OFS.
- The shares are proposed to be listed on BSE and NSE.
- A portion of the fresh issue proceeds is intended for debt repayment.
- GMP is an unofficial market indicator and can change.
- Investors should read the RHP and other official documents before applying.
A-One Steels IPO – Should Investors Check the Issue?
Investors researching A-One Steels IPO should look at the company's financial performance, valuation, steel-market conditions, debt position, business model and risks mentioned in the offer documents.
If you track Upcoming IPO in India, Open IPO Today, Closed IPO, SME IPO List and IPO GMP Today, you can visit newipo.info for IPO-related information, updates, GMP data, allotment information and other IPO details.
About Company
A-One Steels India Limited was originally incorporated as A-One Steel and Alloys Private Limited on April 9, 2012. The Company was renamed A-One Steels India Private Limited in June 2024 and subsequently converted into a public limited company and renamed A-One Steels India Limited in December 2024.
Established in 2009, A-One Steel Group is a leading steel producer in South India with an integrated manufacturing setup focused on operational excellence, innovation and sustainability. The Company manufactures HR and CR coils, HR/CR pipes, galvanized tubes and TMT bars, along with industrial products such as met coke and silicon manganese/ferrosilicon.
The Company has six manufacturing facilities across Karnataka and Andhra Pradesh, located close to major iron ore sources and within 450 km of key ports, supporting cost-effective transportation. Its products are used across 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 sources green energy through long-term solar and wind power purchase agreements, supporting its manufacturing operations and sustainability focus.
Strengths
Backward-Integrated & Diversified Steel Portfolio: Presence across multiple stages of the steel manufacturing value chain, enabling production of long steel, flat steel and industrial products and reducing dependence on any single product category.
Strategic Manufacturing Location: Facilities located close to raw material sources, providing better access to materials, lower transportation costs and logistics benefits, supporting improved operating margins.
Diversified Sales Channels & Customer Base: Products are sold through direct retail, authorised distributors, institutional customers, intermediaries and trading channels, serving dealers, construction and infrastructure companies and other institutional and bulk customers.
Risk Factors
Expansion & Capital Expenditure Risks: Proposed expansion and infrastructure initiatives involve significant capital, operational complexity and regulatory dependencies. Delays or failure to achieve expected benefits may adversely affect business, cash flows and growth prospects.
Related Party Transaction Risk: The Company enters into related party transactions in the ordinary course of business. Although these are conducted on an arm’s-length basis and comply with applicable laws, they may still adversely affect business, cash flows and financial condition.
Dependence on End-Use Industries: Business performance depends on industries such as construction, infrastructure, power, transportation and industrial sectors. Economic cyclicality, lower demand or availability of substitute materials in India or globally could adversely affect business and financial performance.
Conclusion
A-One Steels India IPO is a ₹405 crore mainboard issue from a vertically integrated steel manufacturer. The IPO price band is ₹385–₹405 per share, with a lot size of 37 shares. The issue opened on 24 September and is scheduled to close on 28 September 2026, with a tentative listing on 1 October 2026.
Investors should check the latest subscription figures, GMP, allotment status and official IPO documents before making an investment decision. For more IPO updates and information, visit newipo.info.
Frequently Asked Questions
1. What is A-One Steels IPO?
A-One Steels IPO is a mainboard public issue of A-One Steels India Limited, a steel manufacturing company.
2. When does A-One Steels IPO open?
The IPO opened on 24 September 2026.
3. When does A-One Steels IPO close?
The IPO is scheduled to close on 28 September 2026.
4. What is the A-One Steels IPO price band?
The price band is ₹385 to ₹405 per share.
5. What is the A-One Steels IPO lot size?
The lot size is 37 shares. At the upper price band, the minimum application amount is approximately ₹14,985.
6. What is the A-One Steels IPO issue size?
The total issue size is approximately ₹405 crore, comprising a fresh issue and an offer for sale.
7. What is A-One Steels IPO GMP?
GMP is the unofficial premium quoted in the grey market. It can change frequently and should not be treated as a guaranteed listing-price indicator.
8. Where will A-One Steels shares be listed?
A-One Steels shares are scheduled to list on BSE and NSE.