A-One Steels India has opened its mainboard IPO today, September 24. The issue will remain open until September 28, with a price band of Rs.385–405 per share. The total issue size is around Rs.405 crore and the shares are proposed to be listed on both BSE and NSE.
The IPO includes a fresh issue component along with an offer for sale. The company has also raised Rs.121 crore from anchor investors ahead of the public issue. According to the company disclosures, the funds are partly intended for repayment of debt.
