A-One Steels IPO Day 1: Subscription Opens Today, 24 September 2026
- September 24, 2026
- Posted by: Harsh Piplani
- Category: IPO
A-One Steels IPO opens today, 24 Sep 2026, closes 28 Sep 2026. Price band Rs 385-405. Lot size 37 shares. Raising Rs 405cr, lists 1 Oct.
Quick Answer
The A-One Steels IPO opens for subscription today, 24 September 2026, and will remain open until 28 September 2026. A-One Steels India Limited is a vertically integrated steel manufacturer based in southern India, producing long and flat steel products alongside industrial products used in steel manufacturing, and is raising about Rs 405 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 385 to Rs 405 per share, with a lot size of 37 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
A-One Steels India Limited, incorporated in 2012, has opened its IPO for subscription today, 24 September 2026. The A-One Steels IPO is a mainboard, book built issue worth about Rs 405 crore, comprising a fresh issue of about 0.88 crore shares worth Rs 355 crore and an offer for sale of about 0.12 crore shares worth Rs 50 crore, and will remain open for bidding until 28 September 2026, a five day window spanning the coming weekend. The equity shares are proposed to be listed on both NSE and BSE.
The company is a backward integrated steel manufacturer operating across Karnataka and Andhra Pradesh, producing sponge iron and MS billets that feed into TMT bars for long steel products, alongside HR and CR coils that are further processed into HR pipes, CR pipes and galvanized tubes. It also manufactures industrial products used in steel making, including ferrosilicon and met coke. The fresh issue proceeds of the A-One Steels IPO are earmarked mainly for pre-payment or partial repayment of outstanding borrowings.
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A-One Steels IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 24 September 2026 |
| Close Date | 28 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 385 to Rs 405 per share |
| Lot Size | 37 shares |
| Issue Size | Rs 405 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 29 September 2026 |
| Listing Date | 1 October 2026 |
A-One Steels IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,985 (1 lot, 37 shares) |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Managers | PL Capital Markets Pvt Ltd, Khambatta Securities Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
A-One Steels IPO Share Reservation
The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors.
A-One Steels IPO Subscription Status Day 1
Bidding for the issue has opened today, 24 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.
| Investor Category | Subscription Status, Day 1 (24 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the A-One Steels IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 385 to Rs 405 band, in multiples of 37 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 28 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the A-One Steels India IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About A-One Steels India Limited
A-One Steels India Limited, incorporated in 2012, is a backward integrated steel manufacturer operating across Karnataka and Andhra Pradesh, producing sponge iron, MS billets, TMT bars, HR and CR coils, pipes and galvanized tubes, alongside industrial products such as ferrosilicon and met coke used in steel making. The company positions itself as a diversified southern India steel player ahead of the issue.
Conclusion
The issue has opened for bidding today, 24 September 2026, backed by a vertically integrated steel manufacturing business with a diversified product portfolio. Investors considering the issue should study the company financials, debt levels and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the A-One Steels IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 24 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.
When does the A-One Steels IPO open and close?
Ans. The issue opened for subscription today, 24 September 2026, and will close on 28 September 2026, a five day window that spans the coming weekend.
What is the A-One Steels IPO price band and lot size?
Ans. The issue price band is Rs 385 to Rs 405 per share, with a lot size of 37 shares, taking the minimum retail investment to about Rs 14,985 at the upper price band.
What is the issue size and structure of the A-One Steels IPO?
Ans. The issue is worth about Rs 405 crore, comprising a fresh issue of about 0.88 crore shares worth Rs 355 crore and an offer for sale of about 0.12 crore shares worth Rs 50 crore.
What is the A-One Steels IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the A-One Steels IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 37 shares and your price within the Rs 385 to Rs 405 band, then approve the UPI mandate before the daily cut off.
When will the A-One Steels IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 29 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 1 October 2026.
What does A-One Steels India Limited do?
Ans. A-One Steels India Limited is a backward integrated steel manufacturer producing sponge iron, MS billets, TMT bars, HR and CR coils, pipes and galvanized tubes, alongside industrial products such as ferrosilicon and met coke.
Who are the registrar and lead managers for the A-One Steels IPO?
Ans. Bigshare Services Pvt Ltd is the registrar for the issue, while PL Capital Markets Pvt Ltd and Khambatta Securities Ltd are the book running lead managers for the issue.
