BSE List Price : ₹462.00

NSE List Price : ₹455.00

Subscription

Category	Times
QIBs	7.69x
HNIs	25.8x
Retail	9.09x
Total : 12.22x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	37	₹14,985
Retail Minimum	13	481	₹194,805
S - HNI Minimum	14	581	₹209,790
S - HNI Maximum	66	2,442	₹989,010
B - HNI Minimum	67	2,479	₹1,003,995

About the Company

A-One Steels India Limited, incorporated in 2012, is a backward-integrated steel manufacturer operating mainly in southern India. The company manufactures intermediate steel products such as sponge iron and MS billets and converts them into finished products including TMT bars, HR and CR coils, HR and CR pipes, and galvanised pipes and tubes. It also manufactures metallurgical coke and ferroalloys. The company operates six manufacturing facilities across Karnataka and Andhra Pradesh with an aggregate installed capacity of 17,33,100 MTPA as of March 31, 2026.

Products & Services

TMT Bars

HR & CR Coils

HR & CR Pipes

Galvanised Pipes & Tubes

Sponge Iron & MS Billets

Metallurgical Coke

Silicon Manganese & Ferro Silicon

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹3862.44	₹3804.26	₹38.91	₹2395.87
2025	₹3569.63	₹3539.34	₹7.71	₹2753.06
2026	₹4202.05	₹4035.56	₹127.41	₹3191.31

Company Promoter

Sandeep Kumar

Sunil Jallan

Krishnan Kumar Jalan

Know before investing

• • Strengths

  Backward Integration: The company operates across multiple stages of the steel value chain, from sponge iron and MS billets to finished steel products, supporting captive consumption and supply control.

  Diversified Product Portfolio: Its products cover long steel, flat steel and industrial products, reducing dependence on a single finished-product category.

  Large Manufacturing Capacity: Six facilities had aggregate installed capacity of 17,33,100 MTPA as of March 31, 2026.

  Strategic Location: Manufacturing facilities are located near iron-ore sources, customer markets and major ports, supporting logistics and raw-material movement.

  Renewable Energy Usage: Green electricity accounted for 83.20% of total electricity consumption in FY26, supported by solar and wind arrangements.

  Improved FY26 Performance: PAT increased from 7.71 crore in FY25 to 127.41 crore in FY26.

• • Risks

  Profitability Volatility: PAT declined from 38.91 crore in FY24 to 7.71 crore in FY25 before rising to 127.41 crore in FY26.

  Raw Material Cost Risk: Raw materials represented 84.05% of revenue from operations in FY26. Higher input costs may pressure margins.

  Geographical Concentration: Karnataka contributed 54.86% of revenue in FY26, and five of the six manufacturing facilities are located there.

  Product Concentration: Pipes and tubes, TMT bars and sponge iron together contributed 61.61% of revenue from operations in FY26.

  Working Capital Risk: Trade receivables and inventories accounted for 70.25% of total current assets as of March 31, 2026.

  Steel Industry Cyclicality: Changes in steel prices, raw-material costs and demand can affect revenue, margins and cash flows.

  Expansion & Execution Risk: Proposed expansion projects involve significant capital expenditure and regulatory and operational dependencies.

Objects of the Issue & Utilisation of proceeds

Pre-payment / Partial Repayment of Outstanding Borrowings: 250 crore

General Corporate Purposes: Balance amount

Company Address

A-One Steels India Ltd.
A-One House, No. 326, CQAL Layout,
Ward No. 08,
Sahakarnagar,
Bangalore Urban, Karnataka, 560092
Phone: 080-45646000
Email: legal@aonesteelgroup.com
Website: https://aonesteelgroup.com/

IPO Registrar

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Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html