BY THE NUMBERS.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: NAV is computed as the closing Total Equity (sum of equity share capital, other equity excluding non-controlling interest) divided by the closing outstanding number of equity shares as on March 31, 2026. Return on Net worth (%) is restated/audited Profit for the financial year as a percentage of the Net worth as at the end of the financial year. With respect to our Company, the information above is based on the Restated Financial Statements for the financial year ended March 31, 2026. P/E Ratio has been computed based on the closing market price of the equity shares (Source: BSE) on September 11, 2026, divided by the Diluted EPS. EV / EBITDA Ratio is computed as the market capitalization of the listed industry peer on BSE as on September 11, 2026 plus the net debt (non-current borrowings + current borrowings - Cash and Cash Equivalents) of the respective company as on financial year ended March 31, 2026, divided by the EBITDA for financial year ended March 31, 2026.
WHAT THE MONEY IS FOR.
Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing. The company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes, and galvanized tubes. It also produces TMT bars from MS billets in long steel products. The company also manufactures industrial products like met coke and silicon manganese/ferrosilicon, which are sold in the open market. Ferrosilicon is essential in the steel industry for alloying. The company sources significant green energy compared to peers (Source: CRISIL Report). Its TMT bars, certified as green products by CII, are produced in various sizes at the Gauribidanur and Hindupur plants. The company relies on a steady power and fuel supply, with power purchase agreements for solar and wind energy (15 to 25 years) to support its manufacturing facilities in Karnataka and Andhra Pradesh. The company has six manufacturing facilities: five in Karnataka (Gauribidanur, Bellary, Koppal, Chikkantapur) and one in Hindupur, Andhra Pradesh. The company's manufacturing facilities are located near major iron ore sources, within 450 km of ports like Ennore, New Mangalore, and Goa-Mormugao, allowing cost-effective product transportation. The company products are used in various industries, including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings, and high-rise residential constructions. The company manufactures sponge iron at its Koppal facility (Vanya Steels) and Bellary Plant. It is setting up a 10 MW power plant with waste heat recovery on 39.29 acres of land. Products: Sponge iron : Primarily used in steel manufacturing as a raw material for the production of steel billets and other steel products. MS billet : Used as raw material for rolling into bars, rods, and other structural steel products. TMT : Construction and infrastructure for reinforcement in concrete structures. HR coil : Manufacturing of pipes, tubes, automotive frames, and various industrial equipment. CR coil: Used in precision instruments, automotive panels, appliances, and other finished goods requiring a smooth surface finish. As of November 30, 2024, the company had 1,921 employees, including 1,099 permanent and 822 contractual. The sales and marketing team had 59 employees. Competitive Strengths : One of the largest backward integrated steel products manufacturers in southern India with a wide product portfolio. Business operations capitalizing on the strategic location advantage. Widespread, well-connected distribution network with a presence across multiple channels. Well-positioned in an industry with high entry barriers to benefit from favorable trends; command in the pricing of products with the ability to control the cost of manufacturing. Strong brand recall driven by high quality, innovative, and wide range of products. Leading company in the use of green energy for manufacture of steel products.
ON THE ROSTER.
COMMON QUESTIONS.
What is the A-One Steels IPO price band?+
The price band for the A-One Steels IPO has not been announced yet. It is set by the company and its bankers and stated in the offer document.
When does the A-One Steels IPO open and close?+
The issue opens on 24 Sept 2026 and closes on 28 Sept 2026. Dates can move — the registrar and the exchange notices are the record.
When is the A-One Steels IPO allotment?+
Allotment is scheduled for 29 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When does A-One Steels list?+
Listing is scheduled for 01 Oct 2026 on NSE, BSE.
Where will A-One Steels be listed?+
A-One Steels is proposed for listing on NSE, BSE. It is a mainboard issue.
How large is the A-One Steels IPO?+
The issue size is ₹405.00 Cr — a fresh issue of ₹355 cr and an offer for sale of ₹50 cr. Figures are indicative and subject to the RHP.
What is the difference between the fresh issue and the offer for sale in the A-One Steels IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
Who is the registrar for the A-One Steels IPO?+
The registrar to the issue is Bigshare Services Pvt.Ltd. (8657578989/8069219065/8069219060), ipo@bigshareonline.com.
Where can I check the A-One Steels IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://ipo.bigshareonline.com/IPO_Status.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.