IPO comprises a Fresh Issue of equity shares of face value of ₹10 each aggregating up to ₹35,500 lakhs by the Company; and an Offer for Sale of equity shares of face value of ₹10 each aggregating up to ₹5,000 lakhs by the promoters of the Company, Mr. Sandeep Kumar, Mr. Sunil Jallan and Mr. Krishan Kumar Jalan, through book-building route
ASIL proposes to utilize ₹25,000 lakhs from the Offer proceeds for pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company, and to deploy the remaining funds for general corporate purposes and offer expenses
Mumbai, September 18, 2026: A-One Steels India Limited (“ASIL”), a Bengaluru-headquartered integrated steel manufacturer, announced that the Company’s initial public offering (“IPO”) will open for subscription on Thursday, September 24, 2026. The anchor investor bidding date is Wednesday, September 23, 2026, and the bid/offer will conclude on Monday, September 28, 2026. The Company receive ₹35,500 lakhs, through a fresh issue of equity shares, and aims to be listed on the BSE & NSE platforms.
The price band for the Offer has been fixed at ₹385-₹405 per share, and bids can be made for a minimum of 37 equity shares equity shares of face value of ₹10 and multiples of 37 thereafter. PL Capital Markets Private Limited and Khambatta Securities Limited are the Book Running Lead Managers (“BRLMs”), and Bigshare Services Private Limited is the Registrar to the Offer.
The IPO comprises a Fresh Issue of equity shares of face value of ₹10 each aggregating up to ₹35,500 lakhs by the Company and an Offer for Sale of equity shares of face value of ₹10 each aggregating up to ₹5,000 lakhs by the Promoters of the Company, Mr. Sandeep Kumar, Mr. Sunil Jallan and Mr. Krishan Kumar Jalan, through book-building route. At a higher end of the price band (“Cap Price”), (i) not more than 49,75,308 equity shares were allocated for Qualified Institutional Buyers (“QIBs”), out of which, in consultation with the BRLMs, upto 29,85,185 equity shares of face value of ₹10 have been allocated for the Anchor investors, (ii) not less than 14,92,593 equity shares of face value of ₹10 were allocated for Non Institutional Bidders (“NIBs”), and (iii) not less than 34,82,716 equity shares of face value of ₹10 were allocated to the Retail Individual Bidders (“RIBs”) . The Offer includes a reservation of up-to 49,382 equity shares of face value of ₹10 each for purchase by eligible employees (“Employee Reservation”). A discount of ₹38 per equity share is being offered to eligible employees bidding under the employee reservation category.
According to Red Herring Prospectus, ASIL proposes to utilize ₹25,000 lakhs from the Offer proceeds for pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the company and to deploy remaining funds for general corporate purposes and offer expenses.
ASIL is a backward/vertically integrated steel manufacturer with a diversified product portfolio comprising long and flat steel products, as well as industrial products. The Company and its subsidiaries operate six manufacturing units across Karnataka and Andhra Pradesh, comprising facilities located at Gauribidanur, Hindupur, Chikkantapur, Bellary, and Koppal with an aggregate installed capacity of 17,33,100 MTPA.
The Company’s manufacturing facilities undertake complementary stages of the steel-manufacturing process. The Koppal facility manufactures sponge iron; the Gauribindanur and Hindupur plants manufacture MS billets and TMT bars; Bellary Facility I manufactures sponge iron, MS billets, HR coils, and HR (MS) pipes; Bellary Facility II manufactures galvanized pipes; and the Chikkantapur Facility manufactures met coke and ferro alloys.
- Gaazi Moin