- Price band
- To be announcedNot in this filing
- Issue size
- ₹405 Cr
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingWed, 2026
- OpensThu, 2026
- ClosesMon, 2026
- AllotmentTue, 2026
- ListingThu, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 11 Sept 2026
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Employees | — | — | — |
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹18.47
- EPS (diluted)
- ₹18.47
- NAV per share (March 31, 2026)
- ₹119.7
- RoNW
- 15.43%
- ROCE
- 12.86%
- Debt to equity
- 1.17
- EBITDA margin
- 7.29%
- PAT margin
- 3.06%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 4,148.57 | 3,541.78 | 3,834.21 |
| Total income | 4,202.05 | 3,569.63 | 3,862.44 |
| EBITDA | 303.64 | 174.06 | 172.19 |
| Profit after tax | 127.41 | 7.71 | 38.91 |
| Net worth | 839.40 | 695.22 | 440.17 |
| Reserves and surplus | 770.94 | 626.76 | 423.43 |
| Total assets | 3,191.31 | 2,753.06 | 2,395.87 |
| Total borrowing | 1,010.94 | 963.67 | 1,042.53 |
FY 2025-26 vs FY 2024-25: revenue +17.1%, profit after tax +1552.4%.
Source: Red Herring Prospectus dated 11 Sept 2026Updated
About the company
The company is a backward-integrated steel maker in southern India, producing sponge iron, billets, TMT bars, coils, pipes, met coke and ferro alloys across several plants in Karnataka and Andhra Pradesh. It operates through subsidiaries as well as its own facilities.
- Incorporated
- 2012
- Industry
- Steel manufacturing (integrated long and flat steel products)
- Sector
- Metals and Mining
- CIN
- U28999KA2012PLC063439
- Website
- aonesteelgroup.com
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Sandeep Kumar | 32.81% | — |
| Sunil Jallan | 30.29% | — |
| Krishan Kumar Jalan | 22.46% | — |
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Pre-payment or partial repayment of certain outstanding borrowings | 250.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| A-One Steels India LimitedIssuer | ₹18.47 | — | 15.43% | ₹119.93 |
| MSP Steel and Power Limited | ₹0.6 | 61.52× | — | ₹18.18 |
| Jai Balaji Industries Ltd. | ₹1.42 | 45.76× | — | ₹24.75 |
| Shyam Metallics and Energy Ltd. | ₹38.1 | 28.31× | 10.10% | ₹412.81 |
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Backward-integrated steel maker with a diversified range of long and flat products.
- Multiple manufacturing plants across Karnataka and Andhra Pradesh.
- Operating margins and profitability improved in FY 2025-26.
- Significant share of renewable energy in electricity consumption.
Risks
- Profitability and margins have fluctuated over the last three fiscals.
- Expansion projects at Koppal may face delays, cost overruns and financing constraints.
- Significant related party transactions with promoters and group entities.
- Steel demand and raw material price cyclicality affect results.
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Contacts
Source: Red Herring Prospectus dated 11 Sept 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 11 Sept 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the A-One Steels India IPO open and close?
According to the Red Herring Prospectus, the issue opens on Thursday, 24 September 2026 and closes on Monday, 28 September 2026.
What is the A-One Steels India IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will A-One Steels India shares list?
On NSE and BSE. The tentative listing date is Thursday, 1 October 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the A-One Steels India IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 29 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹250 Cr for pre-payment or partial repayment of certain outstanding borrowings, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.