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A-One Steels Debuts Strong, Shares Jump Nearly 3% in First Trade
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News18•01-10-2026, 18:15
A-One Steels Debuts Strong, Shares Jump Nearly 3% in First Trade
- •A-One Steels India Ltd shares closed nearly 3% higher on their debut trade against an issue price of Rs 405.
- •The stock listed at Rs 462 on BSE, a 14% premium, and Rs 455 on NSE, a 12.34% premium.
- •The company's market valuation reached Rs 3,220.69 crore after the debut.
- •A-One Steels' initial public offering was subscribed 11.61 times, raising Rs 405 crore.
- •The Bengaluru-headquartered company is a backward/vertically integrated steel manufacturer producing various steel and industrial products.
Key Questions Answered
Shares of A-One Steels India Ltd ended nearly 3 per cent higher against the issue price of Rs 405 on Thursday. The stock closed at Rs 417 on the BSE and Rs 416.55 on the NSE.
The initial public offering of A-One Steels India Ltd was subscribed 11.61 times on the final day of the share sale on Monday.
Of the net proceeds from the fresh issue, Rs 250 crore will be used for pre-payment or partial repayment of certain outstanding borrowings, while the remaining funds will be utilized for general corporate purposes.
