A-One Steels India Ltd

A-One Steels India Limited was initially incorporated as 'A-One Steel and Alloys Private Limited', as a Private Company dated April 9, 2012, with the Registrar of Companies, Karnataka. Subsequently, it changed the name to 'A-One Steels India Private Limited' dated June 29, 2024 issued by the Central Processing Centre, Gurgaon. The Company converted into a Public Limited Company, and changed to A-one Steels India Limited' and a fresh Certificate of Incorporation was issued by the Central Processing Centre on December 23, 2024. The Company is an integrated manufacturer of diverse range of steel products with its manufacturing facilities located in Karnataka and Andhra Pradesh. The Company started its first unit by manufacturing the industrial product MS Ingot from a single induction furnace under the 'A One Steels India Private Limited' in year 2009 in Hindupur, Andhra Pradesh. In 2010, the Structural Steel Plant at Hindupur was established. In 2011, the Company deployed the latest technology for producing MS Billets to replace MS Ingots and pioneered in the hot charging of billets. In 2013, it set up the Gowribidnur plant, Karnataka and commenced manufacturing of TMT bars and MS billets. In 2017, it acquired 100% equity share capital of the subsidiary, Vanya Steels Private Limited pursuant to a share purchase agreement dated March 27, 2017. Thereafter, Company commenced the manufacturing of HR coil, and MS pipes and tubes at Bellary, Karnataka. In 2018, the Company commenced manufacturing of sponge iron (DRI). It started green power generation through wind and solar power. In 2021, it commenced manufacturing of cold rolled and galvanizing pipes and tubes. The erstwhile A One Steels India Private Limited and Aaryan Hitech Steels India Private Limited got amalgamated with the Company through the Scheme of Amalgamation in November, 2023 and the entire business undertakings of the erstwhile A One Steels India Private Limited and Aaryan Hitech Steels India Private Limited was transferred and vested in the Company, making the said Scheme effective from November 22, 2023. The Company acquired a 70% stake in Basai Steels & Power Private Limited in 2024. It started Waste Heat Recovery Boiler (WHRB) Power Plant at Koppal in FY 2025. The Company has launched the IPO by allotting 1,00,05,111 Equity shares of Rs 10 each and raised funds of Rs 405 crore, which comprise a fresh issue of 87,70,544 equity shares amounting to Rs 355 crore and the offer for sale of 12,34,567 equity shares amounting to Rs 50 crore on 28 September 2026.