A-One Steels IPO Day 2: Subscription Status on 25 September 2026

The issue has entered Day 2 of its five day bidding window, which opened on 24 September and closes on 28 September 2026. A-One Steels India Limited, a vertically integrated steel manufacturer, is raising about Rs 405 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue closed with the issue subscribed 0.61 times overall, with retail and NII moving in step at 0.81 times each. With three sessions still remaining, including the 28 September close, and QIB bids typically arriving closer to the deadline, there is room for the book to build further.

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A-One Steels IPO Details

The table below sets out the key parameters of the issue.

Open Date	24 September 2026
Close Date	28 September 2026
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 Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (24 Sep, 5:51 PM)	Overall Subscription So Far (Day 2, 25 Sep)
Qualified Institutional Buyers (QIB)	0.10 times	Updating
Non-Institutional Investors (NII)	0.81 times	Updating
Retail Individual Investors	0.81 times	Updating
Overall	0.61 times	Updating through the session

Retail and NII investors moved in lockstep through Day 1 of the issue, while QIB, excluding anchors, has considerable room to build. Investors should treat the Day 2 figures as provisional since bidding remains open until the 28 September close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the A-One Steels IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 28 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 28 September close.

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.

Conclusion

The issue has had a measured start, closing Day 1 at 0.61 times overall with retail and NII moving together, and three sessions still remain before the 28 September close for QIB demand to build. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the A-One Steels IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 0.61 times overall, with retail at 0.81 times, NII at 0.81 times, and QIB at 0.10 times, and figures for Day 2, 25 September 2026, are updating through today's session on NSE and BSE.

When does the A-One Steels IPO close?

Ans. The issue closes for subscription on 28 September 2026, having opened on 24 September 2026, a five day window spanning the 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 band.

Which category led the A-One Steels IPO on Day 1?

Ans. Retail and non-institutional investors moved together through Day 1 of the issue, both reaching 0.81 times, while the QIB portion, excluding anchors, stood at 0.10 times.

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.

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, entering your bid in multiples of 37 shares within the Rs 385 to Rs 405 band and approving 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, with listing on both NSE and BSE tentatively scheduled for 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.