A-One Steels India came to market through an IPO that opened on 24 September 2026 and closed on 28 September 2026, and the shares listed on 1 October 2026 on BSE, NSE. The price band was ₹385 to ₹405 per share and one lot was 37 shares, so the minimum application was ₹14,985. The issue size was ₹405 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹455, a gain of 12.3% against the issue price of ₹405. Bigshare Services Pvt.Ltd was the registrar to the issue, and PL Capital Markets Pvt.Ltd., Khambatta Securities Ltd were the lead managers.
As of 28 September 2026.
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Overall the issue was subscribed 12.22 times.
Formed in 2012, A-one Steels India Limited is a backward integrated producer of steel that produces a wide range of products, including long and flat steel products and industrial products for steel production. HR and CR coils are produced using MS billets, which are subsequently transformed to produce HR pipes, CR pipes, and galvanized tubes. Long steel products include TMT bars, which are produced using MS billets. The industrial products made by the company include met coke and silicon manganese/ferrosilicon.
These are sold to the open market. Ferrosilicon is an important material used in the steel industry as an alloy.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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A-One Steels India Limited finalised its anchor investor allocation on September 23, 2026, raising ₹120.90 crore from 11 institutional investors at an anchor price of ₹405 per share. The anchor book comprises 29,85,160 equity shares, with Taurus Mutual Fund as the sole domestic mutual fund participant, receiving 4.14% of the allocation through 4 schemes. The remaining allocation was led by LRSD Securities Pvt Ltd at 23.49%, followed by Morgan Stanley Asia (Singapore) Pte.
at 20.68%, Longthrive Capital VCC – Trendview Capital Fund at 16.54%, Vikasa India EIF I Fund – Share Class P at 10.34%, and SB Opportunities Fund II, Venus Investments VCC – Venus Stellar Fund, and Ashika Global Finance Private Limited, each at 8.27%.
Sandeep Kumar, Sunil Jallan, Krishnan Kumar Jalan.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
A-One Steels India IPO was a ₹405 crore book-built issue, comprising a fresh issue of ₹355 crore and an offer for sale of ₹50 crore. It was priced at ₹385–₹405 per share with a lot size of 37 shares (₹14,985). The IPO was open from September 24 to September 28, 2026 and was subscribed 12.22x. Shares listed on BSE and NSE on October 1, 2026 at ₹455, a 12.3% premium to the issue price of ₹405. Bigshare Services Pvt. Ltd.
is the registrar. PL Capital Markets Pvt. Ltd. and Khambatta Securities Ltd. are the book running lead managers.
The price band of A-One Steels India IPO is ₹385 to ₹405 per share.
The lot size of A-One Steels India IPO is 37 shares.
The minimum investment for A-One Steels India IPO is approximately ₹14,985 based on the upper price band.
The allotment date of A-One Steels India IPO is Sep 29, 2026.
No GMP quote could be verified as recorded before A-One Steels India IPO listed. A grey-market observation of ₹35 per share was recorded on 1 Oct 2026, 8:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹455. GMP is unofficial and does not forecast or guarantee the actual listing price.
A-One Steels India IPO listed on Oct 1, 2026. It was issued at ₹455.0(NSE) and is currently around ₹358.00 as on 2-Nov-2026 3:30 PM, which is approximately -11.6% versus issue price. The 52-week high is ₹470.00.
You can check A-One Steels India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the A-One Steels India IPO allotment status on Rupix for quick and easy access.
₹385 to ₹405 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 37 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,985.
₹14,985, for one lot of 37 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 September 2026 and closed on 28 September 2026.
The basis of allotment was published on 29 September 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 October 2026 on BSE, NSE, opening at ₹455.
The issue size was ₹405 crore. The fresh issue was 87,65,432 shares (aggregating up to ₹355 crore). The offer for sale was 12,34,567 shares (aggregating up to ₹50 crore).
It listed at ₹455 against an issue price of ₹405, a gain of 12.3 percent on listing day.