A-One Steels India IPO

The last grey market premium reported for the A-One Steels India Limited IPO is ₹51, as of 26 Sept, 10:00 am. Against the ₹405 upper band that is +12.6%. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Adding the ₹51 premium to the ₹405 upper band gives an implied price of ₹456. That is only what unregulated grey-market dealers are quoting today; the listing price is discovered on the exchange in the pre-open session on listing day and routinely differs from it.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

As of 26 Sept, 9:37 am the A-One Steels India Limited IPO is subscribed 1.35× overall: QIB 0.09×, non-institutional 2.07× and retail 1.76×. Figures are the exchange's consolidated demand across NSE and BSE.

The retail portion is subscribed 1.76× as of 26 Sept, 9:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book every few minutes, plus one row per day so the build-up over the issue can be compared.

Overall subscription at the end of each bidding day — day 1 (24 September 2026): 0.58×, day 2 (25 September 2026): 1.35×, day 3 (26 September 2026): 1.35× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the A-One Steels India Limited IPO is expected to be finalised on 29 September 2026, the trading day after the issue closes on 28 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 30 September 2026 and the shares list on 1 October 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Bigshare Services Private Limited — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the A-One Steels India Limited IPO is Bigshare Services Private Limited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the A-One Steels India Limited IPO opens on 24 September 2026 and closes on 28 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 1 October 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 24 September 2026 and 28 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹405); a UPI mandate must be approved by 5:00 pm on the closing day.

28 September 2026 is the last day of bidding. Allotment is then expected on 29 September 2026, refunds and demat credit on 30 September 2026, and listing on 1 October 2026 — tentative until confirmed.

The A-One Steels India Limited IPO price band is ₹385 to ₹405 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 37 shares, so a single application at the ₹405 cut-off costs ₹14,985. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

₹14,985 — one lot of 37 shares at ₹405. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

A-One Steels India Limited is a mainboard issue listing on NSE. The lead manager is PL Capital Markets Private Limited.

The issue size is ₹405 crore, of which ₹355 crore is a fresh issue and ₹50 crore an offer for sale by existing shareholders.

The offer document for the A-One Steels India Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company is one of the largest backward integrated steel product manufacturers in southern India with a wide product portfolio. The company benefits from its strategic location advantage for business operations. It has a widespread and well-connected distribution network with a presence across multiple channels. The page lists all 7 as disclosed.

Under-utilization of manufacturing capacities could adversely affect the business and future financial performance. Inability to successfully increase installed manufacturing capacities could negatively impact results of operations and financial condition. An increase in the cost or shortfall in the availability of raw materials could materially affect the business and financial condition. The page lists all 8 disclosed risk factors.

The A-One Steels India Limited shares are scheduled to list on 1 October 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Grey-market dealers are quoting a premium of ₹51 over the ₹405 band, which implies ₹456. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice. The actual listing price is set by demand in the pre-open session.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.