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A-One Steels India Raises Rs 121 Cr from Anchor Investors Ahead of Rs 405 Cr IPO
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News18•23-09-2026, 20:15
A-One Steels India Raises Rs 121 Cr from Anchor Investors Ahead of Rs 405 Cr IPO
- •A-One Steels India Ltd secured Rs 120.90 crore from anchor investors by allotting 29,85,160 equity shares at Rs 405 each.
- •The anchor round saw participation from investors including Morgan Stanley Asia (Singapore), SB Opportunities Fund II, and Taurus Mutual Fund.
- •The Rs 405-crore IPO opens for public subscription on September 24 and closes on September 28, with a price band of Rs 385-405 per share.
- •The public offer includes a fresh issue of shares worth Rs 355 crore and an offer-for-sale of shares aggregating up to Rs 50 crore.
- •A-One Steels India, a backward/vertically integrated steel manufacturer, will use Rs 250 crore from the fresh issue for debt repayment.
Key Questions Answered
The A-One Steels India initial public offering opens for public subscription on September 24 and will close on September 28.
A-One Steels India raised Rs 120.90 crore from anchor investors by allotting over 29.8 lakh equity shares at the upper end of the price band at Rs 405 apiece.
Out of the net proceeds from the fresh issue, Rs 250 crore will be utilized for pre-payment or partial repayment of specific outstanding borrowings, while the remainder will go toward general corporate purposes.
