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A-One Steels Shares Soar 14% in Blockbuster Market Debut
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News18•01-10-2026, 11:45
A-One Steels Shares Soar 14% in Blockbuster Market Debut
- •A-One Steels India Ltd shares surged 14% on their trading debut, opening at Rs 462 against an issue price of Rs 405 on the BSE.
- •The company's stock listed at Rs 455 on the NSE, marking a 12.34% increase.
- •A-One Steels India Ltd's initial public offer was subscribed 11.61 times, with a price band of Rs 385-405 per share.
- •The Rs 405-crore IPO included a fresh issue of shares worth Rs 355 crore and an offer-for-sale of Rs 50 crore.
- •A-One Steels India, a Bengaluru-headquartered integrated steel manufacturer, will use Rs 250 crore from the fresh issue for debt repayment.
Key Questions Answered
Shares of A-One Steels India Ltd climbed 14 per cent in their trading debut against the issue price of Rs 405, starting at Rs 462 on the BSE and listing at Rs 455 on the NSE.
The initial public offer of A-One Steels India Ltd garnered 11.61 times subscription on the final day of share sale.
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.
