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A-One Steels India IPO Debuts with Up to 14% Premium on BSE and NSE
- •A-One Steels India Ltd. shares debuted on BSE at ’462, a 14.07% premium over its ’405 IPO price, and on NSE at ’455, a 12.35% premium.
- •The IPO, open from September 24 to September 28, 2026, was subscribed 12.23 times overall, with the non-institutional investor (NII) portion seeing 25.80 times subscription.
- •The company plans to use ’250 crore from the net proceeds to prepay or partially repay outstanding borrowings, with the remainder for general corporate purposes.
- •A-One Steels India, incorporated in 2012, is a backward-integrated steel manufacturer producing long and flat steel products, as well as industrial products.
- •The company reported an 18% year-on-year increase in total income to ’4,202 crore in FY26 and a significant 1,552% rise in profit after tax (PAT) to ’127 crore in FY26.
Key Questions Answered
A-One Steels India shares debuted on the BSE and NSE on October 1. The stock opened at ₹462 on the BSE, marking a 14.07% premium over its IPO price of ₹405, while on the NSE it opened at ₹455, representing a 12.35% premium.
The IPO, which was open for subscription from September 24 to September 28, 2026, was subscribed 12.23 times overall. The retail portion saw a 9.11 times subscription, the non-institutional investor portion reached 25.80 times, and the qualified institutional buyers category was subscribed 7.69 times.
A-One Steels India plans to use ₹250 crore of the net fresh issue proceeds to prepay or partially repay certain outstanding borrowings. The remaining funds will be allocated toward general corporate purposes, subject to applicable laws and regulations.
