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A-One Steels IPO Allotment Today: What Investors Need to Know
30 Sep
Summary
- A-One Steels IPO allotment finalization is scheduled for September 30.
- The Rs 405-crore IPO saw strong demand, subscribed 11.6 times.
- Shares are expected to list on the stock exchanges on October 1.
The final allotment for A-One Steels India's Rs 405-crore initial public offering is expected to be completed today, September 30. The IPO experienced significant investor interest, achieving a subscription rate of 11.6 times by the close of bidding on September 28. Refunds and the credit of shares to demat accounts are slated for September 30, with the official listing on the stock exchanges planned for October 1.
Investors can ascertain their allotment status through the registrar, Bigshare Services, or by visiting the BSE and NSE websites. The grey market premium for A-One Steels has seen a moderation, currently indicating a potential listing price of approximately Rs 433. The IPO, priced between Rs 385 and Rs 405 per share, includes a fresh issue of Rs 355 crore intended for debt repayment and general corporate purposes, alongside an offer for sale.
A-One Steels, established in 2012, manufactures various steel products and operates six facilities across Karnataka and Andhra Pradesh. In FY26, the company reported revenue of Rs 4,202.05 crore and a profit of Rs 127.41 crore. The book-running lead managers are PL Capital Markets and Khambatta Securities.
