A-One Steels India IPO Subscription Status Day 3: Overall Subscription Reaches 12.08x

Generic user silhouette icon Varda Khade - 0 min read

Last Updated: 29th September 2026 - 10:24 am

A-One Steels India IPO subscription reached 12.08 times on Day 3, as of 4:19 PM on September 28, 2026. The public issue received bids for 8,47,73,216 shares against 70,14,839 shares available for subscription, excluding the anchor portion. 

The NII category recorded the highest subscription among the main investor categories at 25.75 times, followed by Individual Investors at 8.85 times. The QIB portion, excluding anchor investors, was subscribed 7.69 times. 

Subscription Status of A-One Steels India IPO

Date QIB NII Individual Total
Day 1 (September 24) 0.10 0.81 0.81 0.61
Day 2 (September 25) 0.10 2.18 0.87 1.43
Day 3 (September 28) 7.69 25.75 8.85 12.08

Here are the subscription details for A-One Steels India IPO Day 3, as of 6:53 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 29,85,160  29,85,160  120.90 
QIB 7.69 19,87,592  1,52,92,803  619.36 
NII 25.75 14,91,825  3,84,08,590  1,555.55 
Individual 8.85 34,80,926  3,07,93,842  1,247.15 
EMP 5.10 54,496  2,77,981  11.26 
Total 12.08 70,14,839  8,47,73,216  3,433.32 

Key Highlights – Day 3

  • A-One Steels India IPO saw overall subscription rise to 12.08 times on Day 3 from 1.43 times at the end of Day 2. 
  • The NII portion led demand at 25.75 times, while Individual Investors subscribed 8.85 times and the QIB portion reached 7.69 times. 
  • The issue received bids for more than 8.47 crore shares against around 70.15 lakh shares available for public subscription. 

Key Highlights – Day 2

  • Overall subscription stood at 1.43 times on Day 2, compared with 0.61 times on the opening day. 
  • NII participation increased to 2.18 times, while Individual Investors subscribed 1.87 times. 
  • QIB participation remained at 0.10 times at the end of Day 2. 

Key Highlights – Day 1

  • A-One Steels India IPO was subscribed 0.61 times on Day 1. 
  • Individual Investors and NIIs each subscribed 0.81 times, while the QIB portion was subscribed 0.10 times. 
  • The opening-day subscription remained below the total shares available across the public categories. 

About A-One Steels India

A-One Steels India Limited is a backward-integrated steel manufacturer with operations in southern India. The company manufactures a diversified portfolio of long and flat steel products along with industrial products used in steel manufacturing. 

Its operations include products such as MS billets, sponge iron and other steel products, with a portion of production used for captive consumption. The company also manufactures industrial products such as met coke and silicon manganese or ferro silicon for sale in the open market. 

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