A-One Steels IPO opened for subscription on 24 September 2026. The ₹405 crore public issue will remain open for subscription until 28 September 2026. The IPO has a price band of ₹385 to ₹405 per share, while the lot size consists of 37 shares.

The latest grey market premium (GMP) stood at ₹55 as of 8:30 a.m. on 24 September 2026, according to NDTV Profit. Based on the upper price band of ₹405 and the GMP of ₹55, the implied listing price comes to ₹460 per share. This suggests an implied gain of around 13.58% over the upper issue price.

However, the grey market premium is an unofficial indicator and can change before listing. It should not be considered a guarantee of the actual listing price or returns.

A-One Steels IPO GMP Today

The A-One Steels IPO GMP stood at ₹55 on 24 September 2026. With the IPO’s upper price band fixed at ₹405 per share, the GMP indicates an implied price of ₹460 per share.

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The implied listing gain is around 13.58% compared with the upper issue price of ₹405. The grey market premium can fluctuate before the listing date and is not an official indication of the stock’s actual performance after listing.

A-One Steels IPO Price Band and Lot Size

For the A-One Steels India IPO, the price band has been set at ₹385 to ₹405 per share. Retail investors can place bids for a minimum of 37 shares in one lot. At the upper end of the price band, the minimum investment for one lot is ₹14,985.

The issue consists of a fresh issue of 87.65 lakh shares worth ₹355 crore and an offer for sale (OFS) of 12.35 lakh shares valued at ₹50 crore.

A-One Steels IPO Important Dates

The subscription period for the A-One Steels IPO started on 24 September 2026 and will remain open until 28 September 2026. The allotment of shares is scheduled for 29 September, while refunds and credit of shares to demat accounts are expected on 30 September.

The tentative listing date of A-One Steels shares on the stock exchanges is 1 October 2026.

A-One Steels IPO: Use of Issue Proceeds

The company will use ₹250 crore from the fresh issue proceeds towards the repayment or prepayment of some of its borrowings. The remaining amount will be utilised for general corporate purposes.

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PL Capital Markets Ltd. is the book-running lead manager for the IPO, while Bigshare Services Ltd. is the registrar.

A-One Steels India Financial Performance

A-One Steels India reported an increase in total income, profit after tax and EBITDA in FY26 compared with FY25.

The company’s total income increased to ₹4,202.05 crore in FY26 from ₹3,569.63 crore in FY25. Profit after tax rose to ₹127.41 crore in FY26 from ₹7.71 crore in FY25.

EBITDA also increased from ₹174.06 crore in FY25 to ₹303.64 crore in FY26.

The company was founded in 2012 and is engaged in manufacturing hot-rolled and cold-rolled coils, hot-rolled and cold-rolled pipes, galvanised tubes and TMT bars. A-One Steels India has six production units across Karnataka and Andhra Pradesh.

Disclaimer: Grey market premium figures are unofficial and tend to fluctuate before listing. The GMP-based implied price and gain mentioned above are only indicative and do not guarantee the actual listing price or returns. Investors should review the official IPO documents and assess the associated risk factors before making an investment decision.

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