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IPO● Neutral for Indian equities
A-One Steels IPO Day 2: Check subscription status, latest GMP, reviews, other key details
The brief
- The ₹405 crore book-built IPO comprises a fresh issue worth ₹355 crore and an OFS
- The fresh issue comprises 87.65 lakh shares; the OFS comprises 12.35 lakh shares
- Steel-sector investors can track demand for A-One Steels India’s public issue
- A-One Steels IPO Day 3: GMP at 14%, issue subscribed 1.35 times; key details
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- 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
- A-One Steels IPO Day 2: Check subscription status, latest GMP, reviews, other key details