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The Economic Times

Business

Ritesh Presswala

A-One Steels IPO opens for subscription: GMP signals 12% listing premium. Check price band, lot size and key details

The much-awaited A-One Steels IPO opened for subscription on Thursday, September 24, offering investors a three-day bidding window. Ahead of the issue opening, the IPO is commanding a 12% premium in the grey market, indicating positive sentiment and pointing to a potential listing price above the issue’s upper price band, if the current GMP holds.

The Rs 405 crore public issue is a book-built IPO comprising a fresh issue of 87.65 lakh shares worth Rs 355 crore and an offer for sale (OFS) of 12.35 lakh shares aggregating to Rs 50 crore.

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