A-One Steels IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Day-wise Subscription (times subscribed)
Financial Analysis
Financial Data
Financial Performance
| 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 |
Peer Comparison
| 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 & Holding Pattern
Promoters: Sandeep Kumar, Sunil Jallan, Krishnan Kumar Jalan
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 5,87,84,270 | 85.86% |
| Promoter Holding Post Issue | 5,75,49,703 | 74.52% |
Strengths & Risks
- Heavily oversubscribed — 12.2x overall (final).
- Strong institutional (QIB) demand — 7.7x.
- 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
About A-One Steels
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).
Company Contact Information
A-One House, No. 326, CQAL Layout, Ward No. 08, Sahakarnagar, Bangalore Urban Karnataka
Objects of the Issue
| 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
Anchor Investors
A-One Steels IPO - Quick Take
A-One Steels has set a price band of Rs 385–Rs 405 per share for an issue size of Rs 405 crore. The stock listed with a 14.07% gain versus its issue price on October 01, 2026.
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).
At the upper end of the price band, the issue is priced at a post-issue P/E of 24.55x. 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 is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
A-One Steels IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 11.6%. Of the 24 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above, 1 flat and 1 below the issue price; A-One Steels listed 14.1% above its issue price.
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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