A-One Steels IPO Listing: Shares List At Over 14% Premium On BSE, Marking Strong Market Debut Today
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A-One Steels’ shares are listed at a premium of over 14% to the issue price on BSE. The issue was oversubscribed by 12.23 times overall and 9.11 times in the retail category.
Shares of A-One Steels India Ltd began trading on the domestic stock exchanges on a strong note. The stock opened at ₹462 apiece on the Bombay Stock Exchange (BSE), a premium of 14.07%. On the National Stock Exchange (NSE), it opened at ₹455 apiece, translating into a premium of 12.35%. The issue price was fixed at ₹405 per share at the upper end of the price band.
A-One Steels IPO And Subscription Details
The ₹405-crore A-One Steels initial public offering (IPO) opened for subscription on 24 September 2026 and closed on 28 September. The mainboard IPO received a strong response from investors, with the overall subscription reaching 12.23 times.
The non-institutional investor (NII) quota received the maximum subscription, with the reserved portion getting subscribed by over 25.80 times. The qualified institutional buyer (QIB) category was subscribed by 7.67 times, whereas the retail portion was subscribed by 9.11 times.
The IPO comprised a fresh issue of 87.65 lakh equity shares worth ₹355 crore and an offer for sale (OFS) of 12.25 lakh shares worth ₹50 crore.
About A-One Steels Ltd
A-One Steels Limited is a backward-integrated steel manufacturing company. It has a diversified product portfolio, comprising long and flat steel products, such as sponge iron, MS billets, TMT bars, HR/CR coils, HR/CR pipes and galvanised tubes.
The company also manufactures industrial products, including met coke, silicon manganese and ferrosilicon. As of 30 November 2024, the company had 2,459 employees and six manufacturing facilities across Karnataka and Andhra Pradesh.
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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.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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