A-One Steels India IPO To Open On 24 September With ₹355 Crore Fresh Issue
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A-One Steels India has fixed the size of its IPO at ₹405 crore, comprising a ₹355 crore fresh issue and a ₹50 crore OFS. The issue will open on 24 September 2026. The steel producer reported a significant rise in fiscal 2026 earnings.
A-One Steels India Limited has announced a ₹405 crore initial public offering (IPO), with the issue scheduled to open on 24 September 2026.
The offer includes a ₹355 crore fresh issue and a ₹50 crore offer for sale (OFS) by promoters. The company is also allocating ₹250 crore of net fresh issue proceeds towards partial debt reduction. The remaining amount will be directed towards general corporate purposes.
The A-One Steels India IPO has a lot size of 37 shares. The minimum investment required is ₹14,985, while the maximum retail investment is ₹1,94,805. The south-based steel producer is valued at ₹3,128 crore.
A-One Steels India IPO Details
Here are the key details of the IPO at a glance:
IPO size | ₹405 crore |
Fresh issue | ₹355 crore |
OFS | ₹50 crore |
Price band | ₹385-405 per share |
IPO opening date | 24 September 2026 |
IPO closing date | 28 September 2026 |
Anchor book | 23 September 2026 |
Expected allotment | 29 September 2026 |
Expected listing | 1 October 2026 |
Merchant bankers | PL Capital Markets and Khambatta Securities |
A-One Steels India’s Financial Performance And Borrowings
A-One Steels India reported net profit of ₹127.4 crore for the fiscal year ended March 2026, compared with ₹7.7 crore in the previous year. Revenue increased 17.1% to ₹4,148.6 crore from ₹3,541.8 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 74.4% year-on-year (YoY) to ₹303.6 crore from ₹174 crore. The EBITDA margin also increased to 7.31% from 4.91%.
The company, promoted by Krishan Kumar Jalan, operates in the steel sector and competes with listed companies including MSP Steel & Power, Jai Balaji Industries, and Shyam Metalics & Energy.
The company had standalone outstanding borrowings of ₹864.4 crore as of 15 July 2026. The IPO therefore includes a direct allocation towards reducing part of its existing borrowings.
Also Read - NSE IPO Drives Capital Market Stocks Into Focus; BSE, CDSL And Other Stocks Rise Up To 4%
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
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