A-ONE STEELS INDIA LIMITED FILES DRHP WITH SEBI TO RAISE UPTO ₹ 650 CRORE THROUGH IPO

A-One Steels India Limited, one of the top 5 (five steel producers in southern India in terms of crude steel capacity, and the only company manufacturing 10 steel products and industrial products. (Source: CRISIL Report) has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The Company plans to raise funds through offer of equity shares (face value ₹10 each) through initial public offerings aggregating up to ₹65,000 Lakhs [₹650 Crore]. (“Total Offer Size”)

The total offer size comprises of fresh issue of equity shares aggregating up to ₹60,000 Lakhs [₹600 crore] (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹5000 Lakhs [₹50 Crore] (“Offer for Sale”).

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (“Listing Details”)

PL Capital Markets Private Limited and Khambatta Securities Limited are the Book Running Lead Managers to the issue. (“BRLMs”)