A-One Steels India IPO
A-One Steels India Limited (AONESTEELS) · mainboard IPO on NSE and BSE · Book Building. Listed on 01 October 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +4.0% (likely range -11% to +13%), day's high +6.2%, chance of a gain 60%. Actual: +12.3% at the open, +16.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,93,531 | 1,52,92,803 | 7.30x | |
| NII (HNI) total | 15,70,130 | 3,84,82,886 | 24.5x | |
| Big NII (above ₹10 lakh) | 10,46,753 | 2,60,38,010 | 24.9x | |
| Small NII (₹2-10 lakh) | 5,23,377 | 1,24,44,876 | 23.8x | |
| Retail | 36,63,637 | 3,16,46,433 | 8.64x | |
| Employees | 57,636 | 2,80,867 | 4.87x | |
| Total | 73,84,934 | 8,57,02,989 | 11.6x |
Bids on NSE and BSE together, as published by NSE, as of 28 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 32% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to A-One Steels India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Xtranet TechnologiesJul 2026 | 7.13x | 26.7x | 8.98x | 12.2x | ₹167 Cr | +7.1% | +7.8% |
| Mangal Electrical IndustriesAug 2025 | 10.5x | 18.8x | 4.84x | 9.46x | ₹421 Cr | -0.9% | +0.9% |
| Global SurfacesMar 2023 | 8.95x | 33.1x | 5.12x | 12.2x | ₹155 Cr | +17.1% | +23.0% |
| All Time PlasticsAug 2025 | 10.1x | 13.5x | 5.14x | 8.34x | ₹412 Cr | +13.2% | +18.2% |
| Signatureglobal (India)Sep 2023 | 12.7x | 13.5x | 6.82x | 11.9x | ₹794 Cr | +15.3% | +23.1% |
| RateGain Travel TechnologiesDec 2021 | 8.42x | 42.0x | 8.08x | 17.4x | ₹1,336 Cr | -15.3% | -9.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| PL Capital Markets | 4 | +12.5% | 75% |
| Khambatta Securities | 4 | +65.4% | 100% |
Offer documents (NSE)
Frequently asked
What is the A-One Steels India IPO price band and lot size? ₹385–405 per share, with a lot of 37 shares, so the smallest retail bid is ₹14,985.
How many times has it been subscribed? 11.6x overall: QIB 7.30x, NII 24.5x, retail 8.64x, employees 4.87x.
How did it list? It opened at ₹455, +12.3% against the issue price of ₹405, and closed its first day +2.9%.
