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IPO● Neutral for Indian equities
A-One Steels IPO gets 55–58% subscription on Day 1; GMP estimates vary
The brief
- Day 1 subscription was reported at 55% and 58%
- Grey-market premium estimates differed: 12% and 14%
- Steel-sector investors can use the early subscription as a gauge of IPO demand
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
- IPO GMP Today: Moneyview Shows Higher Implied Listing Gain Than A-One Steels; Check Latest GMP
- IPO GMP: Moneyview, A One Steels, Orient Cable, German Green, Ace Vector, Runwal - check subscription, allotment date
- India urges Centre to intervene over EU metal scrap export list exclusion
- Moneyview vs A-One Steels IPO GMP: Which Has Higher Listing Gain?
A-One Steels IPO
A-One Steels’ ₹405 crore IPO opened on September 24 and was 55% subscribed on Day 1. Brokerages recommended subscribing, citing earnings recovery, manufacturing scale and planned debt reduction; the issue includes a fresh issue and an offer for sale.
Friday, 25 September
Thursday, 24 September
- A-One Steels IPO gets 55–58% subscription on Day 1; GMP estimates vary