GMP IPO Watch
A-One Steels India IPO
A-One Steels India IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
A-One Steels India IPO Details
Key facts at a glance| IPO Open Date | 23 September 2026 | IPO Close Date | 27 September 2026 |
|---|---|---|---|
| Basis of Allotment | 28 September 2026 | Listing Date | 30 September 2026 |
| Price Band | ₹385 - ₹405 per share | Face Value | ₹10 per share |
| Market Lot Size | 37 Shares | Min Investment (Retail) | ₹14,985 |
| Total Issue Size | ₹405 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹355 Cr | Offer for Sale (OFS) | ₹50 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | Bigshare Services Pvt. Ltd. | ||
A-One Steels India IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 23 September 2026 | Confirmed |
| IPO Close Date | 27 September 2026 | Confirmed |
| Basis of Allotment | 28 September 2026 | Tentative |
| Initiation of Refunds | 30 September 2026 | Tentative |
| Credit of Shares to Demat | 30 September 2026 | Tentative |
| IPO Listing Date | 30 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 28 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
A-One Steels India IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 37 Shares | ₹14,985 |
| Retail (Max) | 13 Lots | 481 Shares | ₹1,94,805 |
| S-HNI (Min) | 14 Lots | 518 Shares | ₹2,09,790 |
| S-HNI (Max) | 66 Lots | 2,442 Shares | ₹9,89,010 |
| B-HNI (Min) | 67 Lots | 2,479 Shares | ₹10,03,995 |
A-One Steels India IPO Live GMP & Movement History
Daily unofficial grey market trends₹50 +12.3%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 1 Oct 2026 | ₹47 | ₹452.00 | +11.60% |
| 30 Sept 2026 | ₹35 | ₹440.00 | +8.64% |
| 29 Sept 2026 | ₹30 | ₹435.00 | +7.41% |
| 28 Sept 2026 | ₹40 | ₹445.00 | +9.88% |
| 26 Sept 2026 | ₹51 | ₹456.00 | +12.59% |
| 25 Sept 2026 | ₹49 | ₹454.00 | +12.10% |
| 24 Sept 2026 | ₹55 | ₹460.00 | +13.58% |
| 23 Sept 2026 | ₹50 | ₹455.00 | +12.35% |
| 22 Sept 2026 | ₹60 | ₹465.00 | +14.81% |
| 21 Sept 2026 | ₹60 | ₹465.00 | +14.81% |
| 19 Sept 2026 | ₹60 | ₹465.00 | +14.81% |
| 18 Sept 2026 | ₹55 | ₹460.00 | +13.58% |
| 17 Sept 2026 | ₹55 | ₹460.00 | +13.58% |
A-One Steels India IPO Subscription Status
Demand breakdown by investor categoryA-One Steels India Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 2,395.87 Cr. | 3,862.44 Cr. | 3,804.26 Cr. | 38.91 Cr. |
| 2025 | 2,753.06 Cr. | 3,569.63 Cr. | 3,539.34 Cr. | 7.71 Cr. |
| 2026 | 3,191.31 Cr. | 4,202.05 Cr. | 4,035.56 Cr. | 127.41 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
A-One Steels India IPO Valuation & KPIs
Key metrics pre-issueA-One Steels India Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| MSP Steel and Power Limited | 61.52 | 0.60 | -% | 18.18 | 2,846.04 Cr. |
| Jai Balaji Industries Ltd. | 45.76 | 1.42 | -% | 24.75 | 5,820.59 Cr. |
| Shyam Metallics and Energy Ltd. | 28.31 | 38.10 | 10.10% | 412.81 | 18,755.82 Cr. |
About A-One Steels India
A-One Steels India Limited manufactures and supplies integrated steel and industrial products, operating primarily across intermediate and finished steel segments. Its product portfolio includes sponge iron, MS billets, TMT bars, hot-rolled coils, cold-rolled coils, and various steel pipes and tubes. The company operates six manufacturing facilities located in Karnataka and Andhra Pradesh. It generates revenue principally through direct retail sales channels, authorized distributors, institutional customers, and surplus intermediate product sales in the open market. Backward integration across multiple production stages allows internal consumption of intermediate goods like sponge iron and MS billets for downstream manufacturing. Raw materials such as scrap, iron ore, pellets, and coal are sourced through domestic and international market purchases, e-auctions, and supply arrangements.
Key Strengths
- Integrated operations with a diverse and complementary product portfolio.
- Strategically located manufacturing units in southern India.
- Established relationships with a broad customer base.
- Consistent and strong financial performance.
- Experienced promoters and a skilled management team.
Key Risks
- The business is susceptible to the cyclical nature of the steel industry.
- Fluctuations in the cost and availability of raw materials and energy can impact profitability.
- The company operates in a highly competitive market.
- Dependence on a few key customers for a significant portion of revenue.
- Ongoing legal proceedings involving the company and its promoters could have adverse outcomes.
A-One Steels India IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 24 Sept 2026 |
| IPO Close Date | 28 Sept 2026 |
| Basis of Allotment | 29 Sept 2026 |
| Refunds | 30 Sept 2026 |
| Credit to Demat Account | 30 Sept 2026 |
| IPO Listing Date | 01 Oct 2026 |
Note: The timeline for ए-वन स्टील्स इंडिया IPO is tentative and subject to change.
A-One Steels India Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Pre-payment or partial repayment of outstanding borrowings | 250 (70.42%) |
| General corporate purposes | 105 (29.58%) |
Note: Objectives are as specified in the DRHP/RHP documents of ए-वन स्टील्स इंडिया.
A-One Steels India Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 3,862.44 Cr. | 3,804.26 Cr. | 38.91 Cr. | 2,395.87 Cr. |
| 2025 | 3,569.63 Cr. | 3,539.34 Cr. | 7.71 Cr. | 2,753.06 Cr. |
| 2026 | 4,202.05 Cr. | 4,035.56 Cr. | 127.41 Cr. | 3,191.31 Cr. |
Note: Financial numbers for ए-वन स्टील्स इंडिया are in ₹ Crores unless stated otherwise.
A-One Steels India Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 14.76% |
| ROCE | 12.86% |
| EBITDA Margin | 7.29% |
| PAT Margin | 3.06% |
| Debt to Equity Ratio | 1.17 |
| Earning Per Share (EPS) | 18.47 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 15.43% |
| Net Asset Value (NAV) | 119.70 |
Note: Valuation KPIs for ए-वन स्टील्स इंडिया are computed for FY2026.
A-One Steels India Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| MSP Steel and Power Limited | 0.60 | 61.52 | -% | 18.18 | 2,846.04 Cr. |
| Jai Balaji Industries Ltd. | 1.42 | 45.76 | -% | 24.75 | 5,820.59 Cr. |
| Shyam Metallics and Energy Ltd. | 38.10 | 28.31 | 10.10% | 412.81 | 18,755.82 Cr. |
Note: Peer group comparisons for ए-वन स्टील्स इंडिया are sourced from DRHP filings.
A-One Steels India IPO FAQs
A-One Steels India IPO opens for subscription on 23 September 2026 and closes on 27 September 2026.
The price band for A-One Steels India IPO is set at ₹385.00 to ₹405.00 per share.
The minimum market lot size is 37 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 37 Shares (₹14,985).
The latest Grey Market Premium (GMP) for A-One Steels India IPO is ₹50.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for A-One Steels India IPO is tentatively scheduled for 28 September 2026, and shares are expected to list on the stock exchanges on 30 September 2026.
Bigshare Services Pvt. Ltd. is the official registrar for A-One Steels India IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.