The much-awaited A-One Steels IPO has fixed its price band at Rs 385 to Rs 405 per equity share, with the issue set to open for subscription on September 24, 2026. Investors will have a three-day window to place their bids, with the issue closing on September 28, 2026.

35 lakh shares amounting to Rs 50 crore. The IPO will open on September 24, 2026, and close on September 28, 2026.

The basis of allotment is expected to be finalised on September 29, while the shares are proposed to be listed on both the NSE and BSE on October 1, 2026, subject to the applicable approvals and timelines. The IPO price band has been fixed at Rs 385–Rs 405 per share, with a lot size of 37 shares.

At the upper end of the price band, a retail investor would need to invest a minimum of Rs 14,985 for one lot of 37 shares. 5 times the face value.

Each equity share has a face value of Rs 10. Investors can bid for a minimum of 37 equity shares and in multiples of 37 shares there after.

92x at the upper end of Rs 405. 20x.

Eligible employees applying under the employee reservation portion will be entitled to a Rs 38 discount per equity share. PL Capital Markets Pvt.

Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt.

Ltd. has been appointed as the registrar.

Objects of the issueThe Company proposes to utilise the Net Proceeds of the Issue primarily towards the pre-payment or partial repayment of certain outstanding borrowings availed by the Company, with an estimated allocation of Rs 250 crore. The balance, if any, will be utilised towards General Corporate Purposes, subject to applicable laws and regulations.

Financial performanceA-One Steels India Ltd. reported a 18% increase in total income, rising from Rs 3,570 crore in FY25 to Rs 4,202 crore in FY26, reflecting continued growth in its revenues during the year.

The company’s profit after tax (PAT) surged by 1,552%, from Rs 8 crore in FY25 to Rs 127 crore in FY26, marking a significant improvement in profitability. About A-One Steels India Ltd.

, incorporated in 2012, is a backwards-integrated steel manufacturer with a diversified portfolio of long and flat steel products, along with industrial products such as met coke, silicon manganese and ferrosilicon. The company manufactures sponge iron, MS billets, TMT bars, HR/CR coils, HR/CR pipes and galvanised tubes.