A-One Steels India Limited has fixed the price band for its INR 405 crore IPO at INR 385–405 per share, with the issue scheduled to open for subscription on September 24, 2026. The Rs 405 crore issue comprises a fresh issue and OFS, with proceeds primarily earmarked for repayment of outstanding borrowings.

Sep 17, 2026

The INR 405 crore book-built IPO comprises a fresh issue of 87.65 lakh equity shares worth INR 355 crore and an Offer for Sale (OFS) of 12.35 lakh shares worth INR 50 crore. The issue will remain open until September 28, 2026, with the basis of allotment expected to be finalised on September 29.

A-One Steels operates as a backward-integrated steel manufacturer, producing a diversified portfolio of long and flat steel products and industrial products. Its portfolio includes TMT bars, HR coils, CR coils, ferro silicon and met coke, while the company also converts MS billets into pipes and tubes for domestic and industrial applications.

Of the fresh issue proceeds, INR 250 crore is proposed to be utilised for partial repayment of outstanding borrowings, with the remaining amount earmarked for general corporate purposes. The shares are proposed to be listed on the BSE and NSE, with the market debut currently expected on October 1, 2026.

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A-One Steels IPO has fixed its price band at Rs 385-405 per share and will open for subscription on September 24. The Rs 405 crore issue comprises a fresh issue and OFS, with proceeds primarily earmarked for repayment of outstanding borrowings.