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Allotment
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Listing
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Issue Size
[.] shares (agg. up to ₹405 Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,387.24 | 2,395.87 | 1,973.90 | 1,107.93 |
| Total Income | 961.57 | 3,862.44 | 3,184.27 | 2,761.20 |
| Profit After Tax | 16.57 | 38.46 | 97.89 | 101.19 |
| NET Worth | 605.27 | 426.44 | 362.58 | 264.70 |
| Reserves and Surplus | 551.90 | 421.18 | 361.97 | 264.09 |
| Total Borrowing | 1,098.78 | 1,042.53 | 1,126.04 | 459.99 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rajputana Stainless Ltd. | Mainboard | ₹254.98 Cr | ₹122 | 21.1 | ₹113.03 | -7.35% | ₹133.76 (+0.45%) |
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹44.12 (+2.05%) |
| Anubhav Plast Ltd. | SME | ₹24.00 Cr | ₹80 | 10.67 | ₹76.00 | -5.00% | ₹50.00 (-1.17%) |
| Kasturi Metal Composite Ltd. | SME | ₹17.61 Cr | ₹64 | 23.59 | ₹63.16 | -1.31% | ₹48.02 (-5.84%) |
| Shri Kanha Stainless Ltd. | SME | ₹46.28 Cr | ₹90 | 16.23 | ₹83.60 | -7.11% | ₹23.20 (+0.00%) |
| Mittal Sections Ltd. | SME | ₹52.91 Cr | ₹143 | 31.15 | ₹108.70 | -23.99% | ₹28.59 (+3.03%) |
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹116.25 (+17.90%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the Indian Subsidiary, Vanya Steels Pvt.Ltd. for purchase of equipment /machineries and civil works for expansion of facility | 344.37 |
| 2 | Equity Investment in Indian Subsidiary of the Company, Vanya Steels Pvt.Ltd. for investment in Group Captive power for procurement of Solar energy | 40.00 |
| 3 | Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the Company | 100.00 |
| 4 | General Corporate Purposes | |
| Total | 484.37 |
About A-One Steels IPO
Incorporated in 2012, A-one Steels India Limited is a backward-integrated steel manufacturer with a diversified product portfolio, offering both long and flat steel products, as well as industrial products used in steel manufacturing. The company manufactures HR and CR coils from MS billets, which are then converted into HR pipes, CR pipes, and galvanized tubes. It also produces TMT bars from MS billets in long steel products. The company also manufactures industrial products like met coke and silicon manganese/ferrosilicon, which are sold in the open market. Ferrosilicon is essential in the steel industry for alloying. The company sources significant green energy compared to peers (Source: CRISIL Report). Its TMT bars, certified as green products by CII, are produced in various sizes at the Gauribidanur and Hindupur plants. The company relies on a steady power and fuel supply, with power purchase agreements for solar and wind energy (15 to 25 years) to support its manufacturing facilities in Karnataka and Andhra Pradesh. The company has six manufacturing facilities: five in Karnataka (Gauribidanur, Bellary, Koppal, Chikkantapur) and one in Hindupur, Andhra Pradesh. The company's m
Contact Details
A-One Steels India Ltd. AddressA-One House, No. 326, CQAL Layout,Ward No. 08,Sahakarnagar,Bangalore Urban, Karnataka, 560092080-45646000legal@aonesteelgroup.comVisit Website