A-One Steels India IPO Details
RegistrarBigshare Services Private Limited
Lead managersPL Capital Markets Private Limited
Fresh issue₹355 Cr
Offer for sale₹50 Cr
A-One Steels India Financials ₹ in crore
Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹405 |
|---|
| Retail (min)1 lot | 37 | ₹14,985 |
| Retail (max)13 lots | 481 | ₹1,94,805 |
| sHNI (min)14 lots | 518 | ₹2,09,790 |
| bHNI (min)67 lots | 2,479 | ₹10,03,995 |
One lot is 37 shares, so a single application at the ₹405 cut-off costs ₹14,985. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
About A-One Steels India
A-One Steels India Limited is a backward integrated steel manufacturer in southern India with a diversified product portfolio in long and flat steel products, and industrial products. The company manufactures products such as sponge iron, MS billets, TMT, HR coils, CR coils, HR pipes, GP pipes, CR pipes, Coke, Met coke, and Ferro silicon/manganese. Its manufacturing facilities are located in Karnataka and Andhra Pradesh.
A-One Steels India IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (7)
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 company is well-positioned in an industry with high entry barriers, allowing it to command pricing power and control manufacturing costs.
It possesses strong brand recall driven by high quality, innovative products, and a wide range of offerings.
The company is a leading user of green energy for steel product manufacturing.
It benefits from experienced promoters supported by a strong management and execution team.
▼ Risk factors (8)
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.
Significant power, fuel, water, and electricity requirements pose a risk; any disruption or shortage could disrupt operations and increase costs.
Unexpected shutdown or slowdown of operations at any manufacturing facility could materially affect the business, results of operations, cash flows, and financial condition.
The company's registered and corporate office and some manufacturing facilities are located on leased premises, and renewal of these leases is not assured.
The objects of the offer may not be achieved within the expected time frame, or at all, and any variation in the utilization of net proceeds could adversely affect the business.
The value of the brand 'AONE GOLD' may be diluted if low quality counterfeit products under the brand name are sold.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For A-One Steels India Limited, the registrar is Bigshare Services Private Limited — allotment is finalised in the days between the issue closing on 28 Sept 2026 and listing on 01 Oct 2026.
RegistrarBigshare Services Private Limited
You will needPAN, application number or demat ID
Issue closes28 Sept 2026
Issue opens
Thu, 24 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Mon, 28 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 29 Sept, 2026
By Bigshare Services; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 30 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 01 Oct, 2026
NSE · trading from 10:00 am IST
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.
A-One Steels India IPO Subscription Status FAQs
How many times is A-One Steels India IPO subscribed?
As of 26 Sept, 3:37 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.
What is the A-One Steels India IPO retail subscription status?
The retail portion is subscribed 1.76× as of 26 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.
How do I check A-One Steels India IPO subscription status?
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.
How was A-One Steels India IPO subscribed day by day?
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.
What does 2× subscription mean?
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.
A-One Steels India IPO Registrar where allotment and refund queries go
RegistrarBigshare Services Private Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the A-One Steels India IPO ASBA and UPI, as SEBI sets them
- Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
- Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
- If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (28 Sept 2026).
- One application per PAN. A second application under the same PAN is rejected, and both may be.
- After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Bigshare Services Private Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹49 on a ₹405 upper band means the grey market is dealing at ₹454.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.