Business Desk- A-One Steels India IPO Allotment: The heartbeats of the investors betting on A-One Steels India IPO are fast. This public issue of Rs 405 crore was opened between 24 to 26 September 2026 and the share allotment is expected to be finalized today.
Investors are now keeping an eye on whether they have been allotted shares or not. Listing of the company’s shares is proposed on BSE and NSE on 1 October 2026.
GMP Rs 28, indicating premium of around 7%
There is a stir in the gray market also regarding the shares of A-One Steels India. According to unofficial market trends its GMP is around Rs 28. This is about a 7% premium over the upper price band of Rs 405. According to this, the possible listing of the share can be around Rs 433.
However, GMP is an informal and non-regulated indicator. Therefore it cannot be considered a guarantee of actual listing price or profits.
IPO subscribed 12.23 times
A-One Steels India IPO received strong response from investors. The entire issue received a total subscription of 12.23 times against the 73.84 lakh shares put on offer.
The quota of Non-Institutional Investors (NII) was subscribed the maximum 25.80 times. The retail investors’ quota received bids of 9.11 times and the Qualified Institutional Buyers (QIB) quota received bids of 7.69 times. The company had fixed the price band of Rs 385 to Rs 405 per share for the IPO. Its lot size was 37 shares.
The company will invest Rs 250 crore in repaying the loan.
Of the amount raised from the IPO, the company will use about Rs 250 crore to repay its existing debt. The remaining amount will be spent on general corporate needs.
What business does A-One Steels India do?
A-One Steels India is engaged in manufacturing and supply of steel and industrial products like Sponge Iron, MS Billet, TMT Bar, HR Coil, CR Coil, MS Pipe, CR Pipe, GP Pipe, Met Coke and Ferro Alloy. The company’s products are used in the construction of infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways and high-rise buildings.
These are the registrar and lead manager for allotment.
The book-running lead managers of this IPO are PL Capital Markets Private Limited and Khambatta Securities Limited. Bigshare Services Private Limited has been made the official registrar of the IPO.
How to check A-One Steels IPO allotment status
After the allotment status is released, investors can check it online. There are three options for this.
- Via Bigshare Services
Visit the official IPO allotment page of Bigshare Services. Select ‘A-One Steels India’ in the drop-down list. After this enter PAN number, application number or DP/Client ID. After submission the allotment status will appear on the screen.
- From NSE website
Visit the IPO allotment page of NSE. Select ‘Equity’ option and select ‘A-One Steels India’ in the list. After this the status can be checked by entering the application number and PAN.
- From BSE website
Go to the allotment status link of BSE. Select ‘Equity’ in the issue type and select ‘A-One Steels India’ from the drop-down menu. After entering the application number or PAN, complete the captcha and click on ‘Search’. After this, complete information about allotment will be revealed.