A-One Steels India IPO GMP today is Rs 50. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
AONESTEELS
A-One Steels India IPO GMP & Allotment
A-One Steels India Limited manufactures and supplies integrated steel and industrial products, operating primarily across intermediate and finished steel segments. Its product portfolio includes sponge iron, MS billets, TMT bars, hot-rolled coils, cold-rolled coils, and various steel pipes and tubes. The company operates six manufacturing facilities located in Karnataka and Andhra Pradesh. It generates revenue principally through direct retail sales channels, authorized distributors, institutional customers, and surplus intermediate product sales in the open market. Backward integration across multiple production stages allows internal consumption of intermediate goods like sponge iron and MS billets for downstream manufacturing. Raw materials such as scrap, iron ore, pellets, and coal are sourced through domestic and international market purchases, e-auctions, and supply arrangements.
- IPO Price Band
- ₹385.00 - ₹405.00
- Lot Size
- 37 Shares
- Bidding Closes
- 28 Sept 2026
- Listing Date
- 01 Oct 2026
Current GMP Status
₹50
+12.35% vs upper band
Est. Listing Gain
+12.35%
Last Trend
01 Oct 2026
Listing Price
₹455.00
Retail Entry
₹14,985
IPO Details
Complete IPO information
| IPO Open Date | 24 Sept 2026 |
|---|---|
| IPO Close Date | 28 Sept 2026 |
| IPO Price Band | ₹385.00 - ₹405.00 |
| Lot Size | 37 Shares |
| Current GMP | ₹50 |
| Estimated Listing Gain | +12.35% |
| Issue Size | Approx ₹650 Cr |
| Fresh Issue | Approx ₹600 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Bigshare Services Pvt. Ltd. |
| Overall Subscription | 11.61x |
| Minimum Investment | ₹14,985 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 20.94 | 152.93 | 7.30x |
| NII | 15.70 | 384.83 | 24.51x |
| Retail | 36.64 | 316.46 | 8.64x |
| Overall Subscription | 73.85 | 857.03 | 11.61x |
Day-wise demand
A-One Steels India IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 3 (28 Sept) | 0.09x | 2.07x | 1.76x | 1.35x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, A-One Steels India is priced at ₹405 per share. With a minimum lot size of 37 shares, a retail investor applying for one lot would need approximately ₹14,985 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for A-One Steels India stands at ₹50, implying an estimated listing gain of around 12.35% over the issue price if it holds until listing. This is up ₹12 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, A-One Steels India's IPO was subscribed 11.61x overall, with a category-wise breakdown of Retail 8.64x, QIB 7.3x, NII 24.51x.
Among the strengths highlighted in A-One Steels India's IPO documents: Integrated operations with a diverse and complementary product portfolio.; Strategically located manufacturing units in southern India..
Investors should also weigh the risk factors A-One Steels India has disclosed, including: The business is susceptible to the cyclical nature of the steel industry..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
24 Sept 2026
✓
Bidding Closes
28 Sept 2026
✓
Allotment
29 Sept 2026
✓
Listing
01 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 01 Oct 2026 | ₹47.00 | +₹12.00 | 11.60% |
| 30 Sept 2026 | ₹35.00 | +₹5.00 | 8.64% |
| 29 Sept 2026 | ₹30.00 | -₹10.00 | 7.41% |
| 28 Sept 2026 | ₹40.00 | -₹11.00 | 9.88% |
| 26 Sept 2026 | ₹51.00 | +₹2.00 | 12.59% |
| 25 Sept 2026 | ₹49.00 | -₹6.00 | 12.10% |
| 24 Sept 2026 | ₹55.00 | +₹5.00 | 13.58% |
| 23 Sept 2026 | ₹50.00 | -₹10.00 | 12.35% |
| 22 Sept 2026 | ₹60.00 | - | 14.81% |
| 21 Sept 2026 | ₹60.00 | - | 14.81% |
| 19 Sept 2026 | ₹60.00 | +₹5.00 | 14.81% |
| 18 Sept 2026 | ₹55.00 | - | 13.58% |
| 17 Sept 2026 | ₹55.00 | - | 13.58% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 37 | ₹14,985 |
| Retail Maximum | 13 Lot | 481 | ₹1,94,805 |
| S-HNI Minimum | 14 Lot | 518 | ₹2,09,790 |
| S-HNI Maximum | 66 Lot | 2,442 | ₹9,89,010 |
| B-HNI Minimum | 67 Lot | 2,479 | ₹10,03,995 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Integrated operations with a diverse and complementary product portfolio.
- Strategically located manufacturing units in southern India.
- Established relationships with a broad customer base.
- Consistent and strong financial performance.
- Experienced promoters and a skilled management team.
Risks
- The business is susceptible to the cyclical nature of the steel industry.
- Fluctuations in the cost and availability of raw materials and energy can impact profitability.
- The company operates in a highly competitive market.
- Dependence on a few key customers for a significant portion of revenue.
- Ongoing legal proceedings involving the company and its promoters could have adverse outcomes.
Analysis
A-One Steels India IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 24 Sept 2026 |
| IPO Close Date | 28 Sept 2026 |
| Basis of Allotment | 29 Sept 2026 |
| Refunds | 30 Sept 2026 |
| Credit to Demat Account | 30 Sept 2026 |
| IPO Listing Date | 01 Oct 2026 |
Note: The timeline for A-One Steels India IPO is tentative and subject to change.
Analysis
A-One Steels India Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Pre-payment or partial repayment of outstanding borrowings | 250 (70.42%) |
| General corporate purposes | 105 (29.58%) |
Note: Objectives are as specified in the DRHP/RHP documents of A-One Steels India.
Analysis
A-One Steels India Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 3,862.44 Cr. | 3,804.26 Cr. | 38.91 Cr. | 2,395.87 Cr. |
| 2025 | 3,569.63 Cr. | 3,539.34 Cr. | 7.71 Cr. | 2,753.06 Cr. |
| 2026 | 4,202.05 Cr. | 4,035.56 Cr. | 127.41 Cr. | 3,191.31 Cr. |
Note: Financial numbers for A-One Steels India are in ₹ Crores unless stated otherwise.
Analysis
A-One Steels India Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 14.76% |
| ROCE | 12.86% |
| EBITDA Margin | 7.29% |
| PAT Margin | 3.06% |
| Debt to Equity Ratio | 1.17 |
| Earning Per Share (EPS) | 18.47 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 15.43% |
| Net Asset Value (NAV) | 119.70 |
Note: Valuation KPIs for A-One Steels India are computed for FY2026.
Analysis
A-One Steels India IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| MSP Steel and Power Limited | 0.60 | 61.52 | -% | 18.18 | 2,846.04 Cr. |
| Jai Balaji Industries Ltd. | 1.42 | 45.76 | -% | 24.75 | 5,820.59 Cr. |
| Shyam Metallics and Energy Ltd. | 38.10 | 28.31 | 10.10% | 412.81 | 18,755.82 Cr. |
Note: Peer group comparisons for A-One Steels India are sourced from DRHP filings.
Comparison
Compare A-One Steels India IPO with similar IPOs
FAQ
A-One Steels India IPO FAQs
A-One Steels India IPO price band is Rs 385.00 to Rs 405.00. Check the latest issue price, lot size and GMP together before applying.
A-One Steels India IPO open date is 24 Sept 2026, close date is 28 Sept 2026, and listing date is 01 Oct 2026.
A-One Steels India IPO lot size is 37 shares. The minimum retail investment is Rs 14,985.
A-One Steels India is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
A-One Steels India IPO subscription status currently shows Retail 8.64x, QIB 7.3x, NII 24.51x, Overall 11.61x.
A-One Steels India Limited manufactures and supplies integrated steel and industrial products, operating primarily across intermediate and finished steel segments. Its product portfolio includes sponge iron, MS billets, TMT bars, hot-rolled coils, cold-rolled coils, and various steel pipes and tubes. The company operates six manufacturing facilities located in Karnataka and Andhra Pradesh. It generates revenue principally through direct retail sales channels, authorized distributors, institutional customers, and surplus intermediate product sales in the open market. Backward integration across multiple production stages allows internal consumption of intermediate goods like sponge iron and MS billets for downstream manufacturing. Raw materials such as scrap, iron ore, pellets, and coal are sourced through domestic and international market purchases, e-auctions, and supply arrangements.
A-One Steels India IPO issue size is 650 and the expected allotment date is 29 Sept 2026.
Community discussion
Comments
Share a useful question or insight about A-One Steels India.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Mainboard
Bombay Coated & Special Steels
Price BandTBA
Current GMP₹0
Lot SizeTBA
Mainboard
SFC Environmental Technologies
Price Band₹313.00 - ₹330.00
Current GMP₹21 · +6.4%
Lot Size45 Shares
Mainboard
BLS Polymers
Price Band₹142.00 - ₹150.00
Current GMP₹29 · +19.3%
Lot Size100 Shares
Mainboard
EAAA India Alternatives
Price Band₹1585.00 - ₹1665.00
Current GMP₹0
Lot Size9 Shares
Loading comments...