A-One Steels India Ltd. is set to launch its Rs 405 crore initial public offering (IPO) on September 24, 2026, with the price band fixed at Rs 385–Rs 405 per share. The IPO will close on September 28, 2026, and the shares are expected to be listed on the NSE and BSE on October 1, 2026.
The public issue comprises a fresh issue of 87.65 lakh shares worth Rs 355 crore and an offer for sale (OFS) of 12.35 lakh shares amounting to Rs 50 crore. Investors can bid for a minimum of 37 equity shares and in multiples of 37 shares thereafter. At the upper end of the price band, a retail investor would need to invest a minimum of Rs 14,985 for one lot of 37 shares.
The price-to-earnings (P/E) ratio of the company stands at 20.84x at the lower end and 21.92x at the upper end of the price band, compared to the industry peer group's average P/E ratio of 45.20x for FY26. Eligible employees applying under the employee reservation portion will receive a Rs 38 discount per equity share.
PL Capital Markets Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar. The company plans to use the net proceeds primarily for the pre-payment or partial repayment of certain outstanding borrowings, with an estimated allocation of Rs 250 crore.
A-One Steels India Ltd., incorporated in 2012, is a backwards-integrated steel manufacturer with a diversified product portfolio. The company reported a significant increase in financial performance, with total income rising by 18% to Rs 4,202 crore in FY26 and profit after tax surging by 1,552% to Rs 127 crore.
Background
The IPO marks a significant step for A-One Steels as it seeks to strengthen its financial position and expand its market presence. The company's strong financial performance and strategic location of its manufacturing facilities provide a competitive edge in the steel industry.
Investors will be keenly watching the listing on October 1, 2026, to assess the market's reception of the company's public offering.
