A-One Steels IPO Subscription Day 3: Issue Subscribed 12.23 Times 

Mumbai, September 28: A-One Steels IPO closed for subscription on Monday, September 28, after receiving bids for 8,57,63,262 shares against 70,14,839 shares offered to investors. The issue was subscribed 12.23 times overall, according to subscription data available at 5:13 PM on Day 3. 

The NII category recorded the highest subscription at 25.80 times, while the QIB (Ex Anchor) portion was subscribed 7.69 times. The retail portion received bids for 3,17,06,706 shares against 34,80,926 shares offered, translating into a subscription of 9.11 times. 

The employee portion was subscribed 5.15 times. 

With the bidding process now closed, investors will next track the A-One Steels IPO allotment, which is scheduled for September 29, 2026. 

A-One Steels IPO Subscription Status 

The QIB (Ex Anchor) category received bids for 1,52,92,803 shares against 19,87,592 shares offered, resulting in a subscription of 7.69 times. 

The NII category was subscribed 25.80 times, with bids for 3,84,82,886 shares against 14,91,825 shares available. 

Within the NII segment, the bNII portion for applications above ₹10 lakh was subscribed 26.18 times, while the sNII portion for applications below ₹10 lakh was subscribed 25.03 times. 

The retail portion received bids for 3,17,06,706 shares against 34,80,926 shares offered, resulting in a subscription of 9.11 times. 

The employee portion received bids for 2,80,867 shares against 54,496 shares reserved for employees, translating into a subscription of 5.15 times. 

Overall, the issue received bids for 8,57,63,262 shares against 70,14,839 shares offered, taking the total subscription to 12.23 times. 

The total amount of bids stood at approximately ₹3,473.412 crore, based on the upper end of the price band. 

The issue received 8,17,841 applications as of the latest update. 

Day-wise A-One Steels IPO Subscription 

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	EMP	Total
Sep 24 (Day 1)	0.10x	0.81x	0.83x	0.76x	0.81x	0.67x	0.61x
Sep 25 (Day 2)	0.10x	2.18x	1.94x	2.65x	1.87x	1.68x	1.43x
Sep 28 (Day 3)	7.69x	25.80x	26.18x	25.03x	9.11x	5.15x	12.23x

The A-One Steels IPO closed for subscription on September 28, 2026. 

A-One Steels IPO Details 

A-One Steels IPO is a ₹405 crore book-built issue comprising a fresh issue of 87.71 lakh shares aggregating to ₹355 crore and an offer for sale of 12.35 lakh shares aggregating to ₹50 crore. 

The IPO carried a price band of ₹385 to ₹405 per share and a lot size of 37 shares. At the upper end of the price band, the minimum investment required for a retail investor was ₹14,985. 

The IPO opened for subscription on September 24, 2026, and closed on September 28, 2026. 

The shares are proposed to be listed on the BSE and NSE, with a tentative listing date of October 1, 2026. 

PL Capital Markets Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue. 

A-One Steels IPO Issue Size 

Particulars	Details
Total Issue Size	1,00,05,111 shares
Fresh Issue	87,70,544 shares
Fresh Issue Amount	₹355 crore
Offer for Sale	12,34,567 shares
Offer for Sale Amount	₹50 crore
Face Value	₹10 per share
Price Band	₹385 to ₹405
Lot Size	37 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh capital cum OFS
Listing Platform	BSE, NSE
Employee Discount	₹38 per share

A-One Steels IPO Reservation 

The total issue comprises 99,99,999 shares for investor categories, with 50% allocated to QIBs, 15% to NIIs and 35% to retail investors. A separate reservation of 54,496 shares was made for employees. 

Investor Category	Shares	% of Total Issue
QIB	49,72,752	50.00%
Anchor Investor	29,85,160	29.85%
QIB (Ex Anchor)	19,87,592	19.88%
NII	14,91,825	15.00%
bNII (> ₹10L)	9,94,550	9.95%
sNII (< ₹10L)	4,97,275	4.97%
Retail	34,80,926	35.00%
Employee	54,496	0.54%
Total	99,99,999	100.00%

The issue also included a reservation of up to 54,496 shares for employees, who were offered a discount of ₹38 per share to the issue price. 

A-One Steels IPO Lot Size 

Investors could bid for a minimum of 37 shares and in multiples thereof. 

Application	Lots	Shares	Amount
Retail (Min)	1	37	₹14,985
Retail (Max)	13	481	₹1,94,805
S-HNI (Min)	14	518	₹2,09,790
S-HNI (Max)	66	2,442	₹9,89,010
B-HNI (Min)	67	2,479	₹10,03,995

A-One Steels IPO Anchor Investors 

A-One Steels raised ₹120.90 crore from anchor investors ahead of the IPO. 

The anchor bidding took place on September 23, 2026, with 29,85,160 shares offered to anchor investors. 

The lock-in period for 50% of the anchor shares ends on October 29, 2026, while the lock-in period for the remaining shares ends on December 28, 2026. 

A-One Steels IPO Allotment and Listing 

The A-One Steels IPO closed for subscription on September 28 after the issue was subscribed 12.23 times. 

The tentative A-One Steels IPO allotment date is September 29, 2026. Refunds are scheduled for September 30, while shares are expected to be credited to successful applicants on the same day. 

The IPO is tentatively scheduled to list on the BSE and NSE on October 1, 2026. 

A-One Steels IPO Timeline 

Event	Date
IPO Open	September 24, 2026
IPO Close	September 28, 2026
Allotment	September 29, 2026
Refund	September 30, 2026
Credit of Shares	September 30, 2026
Listing	October 1, 2026

About A-One Steels India Ltd. 

Incorporated in 2012, A-One Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio covering long and flat steel products, along with industrial products used in steel manufacturing. 

The company manufactures HR and CR coils from MS billets, which are further converted into HR pipes, CR pipes and galvanized tubes. It also produces TMT bars from MS billets and long steel products. 

Conclusion 

A-One Steels IPO closed for subscription on September 28, 2026, with an overall subscription of 12.23 times. 

The NII portion recorded subscription of 25.80 times, followed by the retail category at 9.11 times and QIB (Ex Anchor) at 7.69 times. The employee portion was subscribed 5.15 times. 

Investors will now track the A-One Steels IPO allotment on September 29, followed by refunds and share credit on September 30. The IPO is scheduled to list on the BSE and NSE on October 1, 2026.  

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=AONESTEELS&series=EQ&type=Active