A-One Steels India, a prominent metal products company, has completed the allotment process for its initial public offering (IPO) on Tuesday, September 29. The IPO, which aimed to raise Rs 405 crore, was open for subscription from September 24 to September 28, with shares priced in the range of Rs 385-405 apiece.
How to Check Your A-One Steels IPO Allotment Status
Investors who participated in the A-One Steels IPO can now verify their allotment status through several platforms:
1. Via IPO Registrar (Bigshare Services Pvt Ltd)
- Visit the official web portal of Bigshare Services Pvt Ltd.
- From the dropdown menu, select 'A-One Steels India Limited' once the allotment is finalized.
- Choose one of the three verification modes: Application Number/CAF No, Beneficiary ID, or PAN ID.
- Enter the required details for your chosen mode.
- Complete the security captcha accurately.
- Click 'Search' to view your allotment status.
2. Via NSE Website
- Go to NSE's IPO allotment page.
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'AONESTEELS'.
- Input your PAN Number and Application Number.
- Click 'Submit' to proceed and check your status.
3. Via BSE Website
- Navigate to BSE's IPO allotment page.
- Under 'Issue Type', click on 'Equity'.
- From the 'Issue Name' dropdown, select 'A-One Steels India Limited'.
- Enter your Application Number.
- Add your PAN card ID.
- Check the 'I am not a Robot' box and click 'Search'.
IPO Details and Subscription Overview
The A-One Steels IPO saw a robust response from investors, being subscribed a decent 11.61 times overall. The issue garnered nearly 8.18 lakh applications, with bids totaling over Rs 3,470 crore. The lot size for the IPO was 37 equity shares, and bids could be placed in multiples thereafter.
- Qualified Institutional Bidders (QIBs): Subscribed 7.30 times.
- Non-Institutional Investors (NIIs): Subscribed 24.51 times.
- Retail Investors: Subscribed 8.64 times.
- Employees: Subscribed 4.87 times.
Grey Market Premium (GMP) and Listing Expectations
Following the subscription numbers, the Grey Market Premium (GMP) for A-One Steels has adjusted. The last reported GMP was around Rs 28-30 per share, indicating an expected listing gain of approximately 6-7 percent for investors. This is a decline from its initial premium of Rs 54-56 during the early bidding phase.
Important Dates
- Allotment Finalization: Tuesday, September 29
- Refunds Processed: Wednesday, September 30
- Shares Listed: Thursday, October 1 (on both NSE and BSE)
PL Capital and Khambatta Securities served as the book-running lead managers for the IPO, with Bigshare Services acting as the official registrar for the issue.