A-One Steels India allotment likely today: GMP signals 7% listing gain. Here’s how to check status

Investors who subscribed to A-One Steels India may get the much-awaited allotment update today. With the public issue receiving a nearly 12-times subscription, attention has now shifted to the basis of allotment and the company’s upcoming stock-market debut.

The Rs 405-crore A-One Steels India IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on October 1, 2026.

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Investor interest has also been boosted by the IPO’s grey market premium (GMP), which is currently around 7%. The premium suggests that the stock could potentially deliver a strong listing gain. However, GMP is an unofficial indicator and can fluctuate before the shares begin trading.

The A-One Steels India IPO opened for subscription on September 24 and closed on September 26.

The company had set the IPO price band at Rs 385–Rs 405 per share. The lot size was fixed at 37 shares.

A-One Steels IPO Subscription Status

The A-One Steels IPO received a decent response from investors, with the issue getting oversubscribed 11.61 times overall against the 73.84 lakh shares on offer, according to NSE data.

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The Retail Individual Investors (RIIs) category was subscribed 8.64 times against 36.63 lakh shares reserved for the category. The Non-Institutional Investors (NIIs) category was subscribed 24.51 times against 15.70 lakh shares on offer. The Qualified Institutional Buyers (QIBs) category was subscribed 7.30 times against 20.93 lakh shares reserved for the category.

PL Capital Markets Pvt. Ltd. and Khambatta Securities Ltd. are the book-running lead managers for the issue, while Bigshare Services Pvt. Ltd. is the registrar to the issue.

Investors can check their allotment status through any of the following platforms:

1. Bigshare Services (Registrar)

• Visit the Bigshare Services IPO allotment page.
• Select A-One Steels India from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page.
• Select Equity.
• Choose A-One Steels India from the list.
• Enter your application number and PAN to check the status.

3.BSE

• Visit the BSE IPO allotment link.
• Tick Equity under Issue Type.
• Choose A-One Steels India from the drop-down menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

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A-One Steels IPO GMP Today

The A-One Steels IPO GMP stands at Rs 26, representing a premium of around 4.2% over the upper price band of Rs 405 per share. Based on the prevailing GMP, the estimated listing price works out to around Rs 431 per share.

However, the grey market premium (GMP) is an unofficial and unregulated market indicator and is not part of the formal IPO price discovery process. GMP can fluctuate before listing and does not guarantee the actual listing price or investor returns.

A-One Steels IPO: Objects of the Issue

A-One Steels India Ltd. plans to use the net proceeds from the IPO primarily for the pre-payment or partial repayment of certain outstanding borrowings, with an estimated allocation of Rs 250 crore. Any remaining proceeds will be used for general corporate purposes, subject to applicable laws and regulations.

About A-One Steels India (ASIL)

A-One Steels India (ASIL) is engaged in the manufacturing and supply of steel and related industrial products such as sponge iron, MS billet, TMT bars, HR coils, CR coils, HR (MS) pipes, CR pipes, GP pipes, met coke, and ferro alloys, which are used across multiple end-use industries such as construction and infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, underground structures, industrial structures, high-rise residential buildings, and other industries.

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Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here