A-One Steels IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 3,862.44 | 3,569.63 | 4,202.05 |
| Expense | 3,804.26 | 3,539.34 | 4,035.56 |
| Profit (PAT) | 38.91 | 7.71 | 127.41 |
| Total Assets | 2,395.87 | 2,753.06 | 3,191.31 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| MSP Steel and Power Limited | 0.60 | 61.52 | - | 18.18 | 2,846.04 Cr |
| Jai Balaji Industries Ltd. | 1.42 | 45.76 | - | 24.75 | 5,820.59 Cr |
| Shyam Metallics and Energy Ltd. | 38.10 | 28.31 | 10.10 | 412.81 | 18,755.82 Cr |
Promoters: Sandeep Kumar, Sunil Jallan, Krishnan Kumar Jalan
Strengths & Risks
- Revenue grew 18% in the latest reported year.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 1.17.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
A-One Steels India, founded in 2012, is one of the leading steel manufacturers that offers both long and flat steel products and industrial products used in steel manufacturing. The firm basically takes HR and CR coils from MS billets (semi-finished steel materials) and then converts them into HR pipes, CR pipes, and galvanized tubes (finished steel products).
| Purpose | Amount (Cr) |
|---|---|
| Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for expansion of facility | 344.37 |
| Equity Investment in Indian Subsidiary of the company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for procurement of Solar energy | 40.00 |
| Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company | 100.00 |
| General Corporate Purposes | - |
Resources & Documents
A-One House, No. 326, CQAL Layout, Ward No. 08, Sahakarnagar, Bangalore Urban Karnataka
A-One Steels is preparing a mainboard offering for an issue size of Rs 405 crore. The Mainboard issue is scheduled to open for subscription on September 24, 2026 — 10 days from now.
A-One Steels India, founded in 2012, is one of the leading steel manufacturers that offers both long and flat steel products and industrial products used in steel manufacturing.
The issue is promoted by Sandeep Kumar, Sunil Jallan, Krishnan Kumar Jalan with PL Capital Markets Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for ex… (Rs 344 crore) and Equity Investment in Indian Subsidiary of the company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for p… (Rs 40 crore).
On fundamentals, the company is posting revenue growth of 17.7%, a profit margin of 3.0%, return on equity of 14.8% in its most recent reported period. Listed peers in this segment include MSP Steel and Power Limited (P/E 61.52x) and Jai Balaji Industries Ltd. (P/E 45.76x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
A-One Steels IPO GMP — What It Means
No active grey market premium has been recorded for A-One Steels IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
See the full A-One Steels GMP history and trend, or learn how grey market premium works and how reliable it is.
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