A-One Steels India IPO: Rs 426 Cr Issue Opens Sept 24

A-One Steels India is launching an initial public offering to raise Rs 426.27 crore through a 100% book building process. The issue consists of 1,05,25,168 shares with a face value of Rs 10 each.

IPO Structure and Timeline

• Price band set at Rs 385-405 per equity share.
• Subscription opens on September 24, 2026 and closes on September 28, 2026.
• Not more than 50% allocated to Qualified Institutional Buyers, including 5% for mutual funds.
• Not less than 15% available for non-institutional bidders.
• Remaining 35% reserved for retail investors.

Shares will list on both BSE and NSE. Book running lead managers are PL Capital Markets and Khambatta Securities, with Pooja Sara Nagaraja serving as the compliance officer.

Company Manufacturing Profile

Operating since 2013, A-One Steels India is a backward and vertically integrated steel manufacturer based in southern India. Its product portfolio spans long and flat steel products alongside industrial goods used in steel manufacturing.

• Initial operations began in 2013 at the Gauribidanur Facility with an installed capacity of approximately 20,000 MTPA for MS billets.
• Manufactured portfolio currently consists of 10 steel and industrial products.
• Internal output includes direct reduced iron, MS billets, HR coils, and CR coils primarily for captive consumption.

The integrated setup allows the company to manage intermediate products and reduce reliance on third-party suppliers. Excess production beyond captive requirements is sold directly in the open market alongside industrial products like met coke and ferro alloys.