A-One Steels India IPO Price: ₹385 to ₹405 per share
IPO Dates: 24 to 28 Sept, 2026
Company Overview
Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing.
Business Operations
The Company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes and galvanized tubes. It also produces TMT bars from MS billets as part of its long steel products.
The Company also manufactures industrial products such as met coke and silicon manganese/ferrosilicon, which are sold in the open market. Ferrosilicon is essential in the steel industry for alloying.
The Company manufactures sponge iron at its Koppal facility (Vanya Steels) and Bellary Plant. It is setting up a 10 MW power plant with waste heat recovery on 39.29 acres of land.
Product Portfolio
The Company’s product portfolio includes sponge iron, MS billets, TMT bars, HR coils, CR coils, HR pipes, CR pipes, galvanized tubes, met coke and silicon manganese/ferrosilicon.
- Sponge iron: Primarily used in steel manufacturing as a raw material for the production of steel billets and other steel products.
- MS billet: Used as raw material for rolling into bars, rods and other structural steel products.
- TMT: Used in construction and infrastructure for reinforcement in concrete structures.
- HR coil: Used for manufacturing pipes, tubes, automotive frames and various industrial equipment.
- CR coil: Used in precision instruments, automotive panels, appliances and other finished goods requiring a smooth surface finish.
The Company’s products are used across various industries and applications, including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings and high-rise residential constructions.
Green Energy & Power Supply
The Company sources significant green energy compared to peers (Source: CRISIL Report). Its TMT bars, certified as green products by CII, are produced in various sizes at the Gauribidanur and Hindupur plants.
The Company relies on a steady power and fuel supply, with power purchase agreements for solar and wind energy for 15 to 25 years to support its manufacturing facilities in Karnataka and Andhra Pradesh.
Manufacturing Facilities
The Company has six manufacturing facilities: five in Karnataka, including Gauribidanur, Bellary, Koppal and Chikkantapur, and one in Hindupur, Andhra Pradesh.
The Company’s manufacturing facilities are located near major iron ore sources and within 450 km of ports such as Ennore, New Mangalore and Goa-Mormugao, allowing cost-effective product transportation.
The manufacturing facilities produce a range of steel and industrial products. The Gauribidanur and Hindupur plants manufacture TMT bars, while sponge iron is manufactured at the Koppal facility (Vanya Steels) and Bellary Plant.
Market Applications
The Company’s products are used in various industries, including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings and high-rise residential constructions.
Competitive Strengths
- One of the largest backward integrated steel products manufacturers in southern India with a wide product portfolio.
- Business operations capitalizing on the strategic location advantage.
- Widespread, well-connected distribution network with a presence across multiple channels.
- Well-positioned in an industry with high entry barriers to benefit from favorable trends; command in the pricing of products with the ability to control the cost of manufacturing.
- Strong brand recall driven by high quality, innovative and wide range of products.
- Leading company in the use of green energy for manufacture of steel products.
Workforce
As of November 30, 2024, the Company had 2,459 employees, including 1,377 permanent and 1,082 contractual employees. The sales and marketing team had 63 employees.
Bidding Starts In
A-One Steels India Limited IPO Specifics:
| IPO Date | 24 to 28 Sep, 2026 |
| Listing Date | Thu, Oct 1, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹385 to ₹405 |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 99,99,999 shares (agg. up to ₹405 Cr) |
| Fresh Issue | 87,65,432 shares (agg. up to ₹355 Cr) |
| Offer for Sale | 12,34,567 shares of ₹10 (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 6,84,65,270 shares |
| Share Holding Post Issue | 7,72,30,702 shares |
A-One Steels India IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Sep 24, 2026 |
| IPO Close | Mon, Sep 28, 2026 |
| Allotment | Tue, Sep 29, 2026 |
| Refund | Wed, Sep 30, 2026 |
| Credit of Shares | Wed, Sep 30, 2026 |
| Listing | Thu, Oct 1, 2026 |
A-One Steels India Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 37 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,985 |
| Retail (Max) | 13 | 481 | ₹1,94,805 |
| S-HNI (Min) | 14 | 518 | ₹2,09,790 |
| S-HNI (Max) | 66 | 2442 | ₹9,89,010 |
| B-HNI (Min) | 67 | 2479 | ₹10,03,995 |
A-One Steels India Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
A-One Steels India Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 3,191.31 | 2,753.06 | 2,395.87 |
| Total Income | 4,202.05 | 3,569.63 | 3,862.44 |
| Profit After Tax | 127.41 | 7.71 | 38.91 |
| EBITDA | 303.64 | 174.06 | 172.19 |
| NET Worth | 819.52 | 676.63 | 421.79 |
| Total Borrowing | 1,010.94 | 963.67 | 1,042.53 |
Key Performance Indicator- A-One Steels India Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 14.70% | 1.69% |
| ROCE | 12.86% | 7.03% |
| Debt/Equity | 1.17 | 1.34 |
| RoNW | 15.43% | 1.25% |
| PAT Margin | 3.04% | 0.34% |
| EBITDA Margin | 7.29% | 4.91% |
| NAV | 119.70 | – |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 18.61 | 16.50 |
| P/E (x) | 21.76 | 24.55 |
| Market Cap at Offer Price | ₹2,772.84 Cr. | ₹3,127.84 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
A-One Steels India Limited IPO DRHP
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