A-ONE STEELS INDIA LIMITED (“ASIL” OR “COMPANY”) INITIAL PUBLIC OFFERING (“IPO” OR “OFFER”) TO OPEN ON SEPTEMBER 24, 2026;

A-ONE STEELS INDIA LIMITED (“ASIL” OR “COMPANY”) INITIAL PUBLIC OFFERING (“IPO” OR “OFFER”) TO OPEN ON SEPTEMBER 24, 2026;

 PRICE BAND FIXED AT ₹385-₹405

 ·         IPO comprises a Fresh Issue of equity shares of face value of ₹10 each aggregating up to ₹35,500 lakhs by the Company; and an Offer for Sale of equity shares of face value of ₹10 each aggregating up to ₹5,000 lakhs by the promoters of the Company, Mr. Sandeep Kumar, Mr. Sunil Jallan and Mr. Krishan Kumar Jalan, through book-building route

·         ASIL proposes to utilize ₹25,000 lakhs from the Offer proceeds for pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company, and to deploy the remaining funds for general corporate purposes and offer expenses

 A-One Steels India Limited (“ASIL”), a Bengaluru-headquartered integrated steel manufacturer, announced that the Company’s initial public offering (“IPO”) will open for subscription on Thursday, September 24, 2026. The anchor investor bidding date is Wednesday, September 23, 2026, and the bid/offer will conclude on Monday, September 28, 2026. The Company receive ₹35,500 lakhs, through a fresh issue of equity shares, and aims to be listed on the BSE & NSE platforms.

The price band for the Offer has been fixed at ₹385-₹405 per share, and bids can be made for a minimum of 37 equity shares equity shares of face value of ₹10 and multiples of 37 thereafter. PL Capital Markets Private Limited and Khambatta Securities Limited are the Book Running Lead Managers (“BRLMs”), and Bigshare Services Private Limited is the Registrar to the Offer.

 The IPO comprises a Fresh Issue of equity shares of face value of ₹10 each aggregating up to ₹35,500 lakhs by the Company and an Offer for Sale of equity shares of face value of ₹10 each aggregating up to ₹5,000 lakhs by the Promoters of the Company, Mr. Sandeep Kumar, Mr. Sunil Jallan and Mr. Krishan Kumar Jalan, through book-building route. At a higher end of the price band (“Cap Price”), (i) not more than 49,75,308 equity shares were allocated for Qualified Institutional Buyers (“QIBs”), out of which, in consultation with the BRLMs, upto 29,85,185 equity shares of face value of ₹10 have been allocated for the Anchor investors, (ii) not less than 14,92,593 equity shares of face value of ₹10 were allocated for Non Institutional Bidders (“NIBs”), and (iii) not less than 34,82,716 equity shares of face value of ₹10 were allocated to the Retail Individual Bidders (“RIBs”) . The Offer includes a reservation of up-to 49,382 equity shares of face value of ₹10 each for purchase by eligible employees (“Employee Reservation”). A discount of ₹38 per equity share is being offered to eligible employees bidding under the employee reservation category.

 According to Red Herring Prospectus, ASIL proposes to utilize ₹25,000 lakhs from the Offer proceeds for pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the company and to deploy remaining funds for general corporate purposes and offer expenses.

 ASIL is a backward/vertically integrated steel manufacturer with a diversified product portfolio comprising long and flat steel products, as well as industrial products. The Company and its subsidiaries operate six manufacturing units across Karnataka and Andhra Pradesh, comprising facilities located at Gauribidanur, Hindupur, Chikkantapur, Bellary, and Koppal with an aggregate installed capacity of 17,33,100 MTPA. 

 The Company’s manufacturing facilities undertake complementary stages of the steel-manufacturing process. The Koppal facility manufactures sponge iron; the Gauribindanur and Hindupur plants manufacture MS billets and TMT bars; Bellary Facility I manufactures sponge iron, MS billets, HR coils, and HR (MS) pipes; Bellary Facility II manufactures galvanized pipes; and the Chikkantapur Facility manufactures met coke and ferro alloys.

 ASIL’s TMT bars manufactured at its Gauribidanur Facility and Hindupur Facility have been certified as a green product by the CII – Green Products and Services Council and received GreenPro Ecolabel accreditation. Additionally, the Company’s HR coil and HR (MS) pipes in grades manufactured at out Bellary I Facility have also been certified as green products by the Confederation of Indian Industry - Green Products and Services Council under the GreenPro Ecolabel framework.

 The Company received a Green Steel Certificate from the National Institute of Secondary Steel Technology, Mandi, Gobindgarh (India) for producing 1,80,351 tonnes of TMT Bars during Fiscal 2026, having an average emission intensity of 0.67t-CO2e/tfs.

 ASIL has also initiated the compliance process that enables Company’s steel exports to be accepted in the European Union under the Carbon Border Adjustment Mechanism (“CBAM”).

 A-One Steel India is one of the steel industry players with lower emissions per tonne of crude steel and a higher share of renewable electricity usage. The Company has been awarded 5-star rating by the Ministry of Steel for its production facility in Chikkabalapur, Karnataka for the production of TMT bars.  As of Fiscal 2026, 83.20% of the total power requirement for ASIL’s manufacturing facilities is met through the green energy, enabled the Company to save approximately ₹1.57 per unit in electricity cost during the Fiscal Year.

 The Company sells its products through a combination of direct retail sales channels, authorised distributors, institutional customers and other intermediaries and trading channels. As of March 31, 2026, A-One Steels’ sales network comprised 1,246 direct retail sales channels, 32 authorised distributors and 57 institutional customers.

 A-One Steels India Limited commenced its operations in 2013 with the manufacturing of MS billets at its Gauribidanur facility. The Promoters of the Company are Mr. Sandeep Kumar, Mr. Sunil Jallan and Mr. Krishan Kumar Jalan.

 ASIL recorded ₹4,14,856.74 lakhs revenue from operations in Fiscal 2026, compared to ₹3,54,178.09 lakhs revenue from operations in Fiscal 2025. It has registered a profit after tax, after exceptional items, (PAT) of ₹12,740.82 lakhs in Fiscal 2026, compared to a profit after tax, after exceptional items (PAT) of ₹771.05 lakhs in Fiscal2025.