A-One Steels
A-One Steels India Ltd. is a leading steel manufacturer established in 2012, offering long and flat steel products, industrial products, and conversion of HR/CR coils and TMT bars.
Price Band
₹405 - ₹405
Lot Size
37 Shares
Issue Size
₹405.00 Cr
Fresh Issue
₹355.00 Cr
OFS
₹50.00 Cr
Registrar
AI Sentiment Score
Listing Price
₹455.00
vs Issue: ₹405 (+12.35%)
📅 IPO Timeline
✓
Open
Sep 24, 2026
✓
Close
Sep 28, 2026
✓
Allotment
Sep 29, 2026
✓
Refund
Sep 30, 2026
✓
Demat
Sep 30, 2026
✓
Listing
Oct 1, 2026
✨ AI Analysis & Prediction
+4.5%
predicted listing gain
A-One Steels demonstrates solid financial turnaround with high revenue and profit growth in FY26, backed by strong NII and QIB subscription demand and a healthy grey market premium.
💪 Strengths
- Strong rebound in profitability for FY26
- Substantial manufacturing footprint with strategic locations
- Robust NII and QIB demand
⚠️ Weaknesses
- Inconsistent historical net profits (e.g., steep drop in FY25)
- Moderate debt-to-equity ratio
🚀 Opportunities
- Expansion via investment in subsidiaries and captive solar power
- Growing demand in infrastructure and construction sectors
🛡️ Threats
- Cyclical nature of the steel industry
- Input cost volatility and regulatory pressures
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for expansion of facility | ₹344.37 |
| Equity Investment in Indian Subsidiary of the company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for procurement of Solar energy | ₹40.00 |
| Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company | ₹100.00 |
| General Corporate Purposes | TBD |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 3,834.00 Cr | Rs 3,542.00 Cr | Rs 4,149.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 38.00 Cr | Rs 11.00 Cr | Rs 128.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 171.00 Cr | Rs 161.00 Cr | Rs 219.00 Cr |
| Borrowings (₹ Cr) | Rs 1,043.00 Cr | Rs 1,010.00 Cr | Rs 1,052.00 Cr |
| Total Assets (₹ Cr) | Rs 2,395.00 Cr | Rs 2,753.00 Cr | Rs 3,190.00 Cr |
| ROCE % | 10.00% | 8.00% | 12.00% |
📋 Live Subscription Status
QIB
7.69x
NII
25.03x
Retail
9.11x
Total
12.23x
Updated: Oct 2, 2026 8:03 AM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Operating 6 manufacturing facilities across Karnataka and Andhra Pradesh, the company specializes in both long and finished steel products catering to various critical infrastructure and construction sectors.
The mainboard IPO aims to raise approximately ₹405 crores, comprising a fresh issue of ₹355 crores and an offer for sale, priced at ₹385 to ₹405 per share with favorable subscription metrics.