A-One Steels IPO Subscription Status
Final figures at close of bidding: 1 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 7.69x |
| NII | 25.8x |
| sNII (₹2L–₹10L) | 25.03x |
| bNII (above ₹10L) | 26.18x |
| Retail (RII) | 9.11x |
| Employee | 5.15x |
| Total | 12.23x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Employee | Total |
|---|---|---|---|---|---|---|
| Day 1 | 0.1x | 0.76x | 0.83x | 0.81x | 0.67x | 0.61x |
| Day 2 | 0.1x | 2.65x | 1.94x | 1.87x | 1.68x | 1.43x |
| Day 3 | 0.1x | 2.65x | 1.94x | 1.87x | 1.68x | 1.43x |
| Day 4 | 0.1x | 2.65x | 1.94x | 1.87x | 1.68x | 1.43x |
| Day 5 | 7.69x | 25.03x | 26.18x | 9.11x | 5.15x | 12.23x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The A-One Steels book was built over 5 days: overall subscription stood at 0.61× at the close of day 1, read 1.43× at the end of day 2, read 1.43× at the end of day 3, read 1.43× at the end of day 4, and finished at 12.23× on day 5. On the final day it was non-institutional investors (NII) driving the book, at 25.8× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 5, when the overall multiple moved from 1.43× to 12.23×.
Category detail
Qualified institutional buyers took their portion to 7.69×. Non-institutional investors came in at 25.8×, split 25.03× in the small-NII bucket (bids under ₹10 lakh) and 26.18× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 9.11× the shares reserved for them. Reserved portions ended with the employee quota at 5.15×. That puts non-institutional investors (NII) at the top of the book at 25.8× and the employee quota at the bottom at 5.15×.
What the multiple means for allotment
With retail subscription at 9.11×, applications in that category exceeded the shares available to it by a factor of about 9.11. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 37 shares — ₹14,985 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the A-One Steels IPO open and close?
- The A-One Steels IPO opens on 24 Sept 2026 and closes on 28 Sept 2026.
- How many times was the A-One Steels IPO subscribed?
- The A-One Steels IPO was subscribed 12.23 times in total across all investor categories.
- What is the reservation split in the A-One Steels IPO?
- Of the total shares offered, retail investors get 34.81%, QIBs 19.89% (plus 29.84% anchor), non-institutional investors 14.92%.