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A-One Steels India Sets ₹405 Crore IPO For September 24
A-One Steels India plans to sell shares to the public through an IPO.
The IPO will open on September 24 and close on September 28.
The company wants to raise ₹405 crore in total.
Some shares will be newly issued by the company, while other shares will be sold by promoters.
A-One Steels plans to use ₹250 crore to reduce its debt.
The company makes several steel products, including TMT bars, coils and pipes.
It had a manufacturing capacity of 17,33,100 tonnes per year as of March 31, 2026.
Its revenue and profit were higher in FY26 than in FY25.
The shares are proposed to be listed on the BSE and NSE.
A-One Steels India will open its ₹405-crore IPO for public subscription on September 24.
The issue will close on September 28, with anchor-investor bidding scheduled for September 23.
The IPO includes a ₹355-crore fresh issue and a promoter offer for sale of up to ₹50 crore.
The company plans to use ₹250 crore from the fresh issue to repay or prepay borrowings.
A-One Steels reported FY26 revenue of ₹4,148.57 crore and profit of ₹127.41 crore.
- Who
- A-One Steels India Ltd, its promoters and prospective public investors.
- What
- A-One Steels India will launch a ₹405-crore initial public offering.
- Where
- The company is based in southern India, and its shares are proposed to be listed on the BSE and NSE.
- When
- Anchor bidding is scheduled for September 23; public subscription runs from September 24 to September 28.
- Why
- The company plans to use ₹250 crore from the fresh issue to prepay or partially repay borrowings, with the balance for general corporate purposes.
Key facts
- Total issue size
- ₹405 crore
- Fresh issue
- ₹355 crore
- Offer for sale
- Up to ₹50 crore by promoters
- Debt repayment allocation
- ₹250 crore
- FY26 revenue
- ₹4,148.57 crore, compared with ₹3,541.78 crore in FY25
- FY26 profit
- ₹127.41 crore, compared with ₹7.71 crore in FY25
- Installed capacity
- 17,33,100 tonnes per annum as of March 31, 2026
Sources
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