A-One Steels IPO GMP: Estimated Listing Price and Subscription Details
A-One Steels IPO saw an 11.61x subscription with a GMP of Rs 56, suggesting an estimated listing price of Rs 461. Explore the subscription breakdown, financial growth, and listing dates.
09 Oct 2026, 14:13 UTC
A-One Steels IPO GMP and Estimated Listing Price
The a one steel ipo gmp (Grey Market Premium) has emerged as a key indicator for investors tracking the Bengaluru-based steel manufacturer. As of late September 2026, the GMP stood at Rs 56, which represents a premium of approximately 14% over the upper price band of Rs 405 per share [2].
Based on this prevailing premium, the estimated listing price for A-One Steels is approximately Rs 461 per share. However, it is critical for investors to note that the grey market is an unofficial and unregulated space; these figures are indicative and do not guarantee the actual listing price or final returns.
Subscription Status and Investor Sentiment
The IPO saw a strong response by the time bidding closed on September 28, 2026. The issue was oversubscribed 11.61 times overall, reflecting positive sentiment across different investor categories [1].
| Investor Category | Subscription Multiple |
|---|---|
| Non-Institutional Investors (NII) | 24.51x |
| Retail Individual Investors (RII) | 8.64x |
| Qualified Institutional Buyers (QIB) | 7.30x |
IPO Key Details and Financials
A-One Steels, a vertically integrated manufacturer producing everything from sponge iron to TMT bars, set its price band between Rs 385 and Rs 405 per share. The lot size was fixed at 37 shares, requiring a minimum investment of Rs 14,985 for retail investors at the upper cap [2].
The company's financial trajectory showed significant growth leading up to the IPO. Total income rose from Rs 3,570 crore in FY25 to Rs 4,202 crore in FY26, while profit after tax (PAT) saw a sharp increase to Rs 127 crore in FY26 compared to Rs 8 crore in the previous year [2].
Use of Proceeds
The total public issue was valued at Rs 405 crore, consisting of a fresh issue of Rs 355 crore and an offer-for-sale (OFS) of Rs 50 crore. The company intends to use Rs 250 crore from the fresh issue specifically for the pre-payment or partial repayment of outstanding borrowings, with the remaining funds allocated for general corporate purposes [1].
Important Dates to Remember
- IPO Closing Date: September 28, 2026
- Basis of Allotment: Expected September 29, 2026
- Proposed Listing Date: October 1, 2026 (on NSE and BSE), subject to regulatory approvals [2]
Sources & further reading
0 replies
A thoughtful contribution can make all the difference. Be the first to share one.