365Telugu.com online news,January 3,2025: A-One Steels India Limited, one of the top five steel producers in Southern India in terms of crude steel capacity and the only company manufacturing ten steel and industrial products (Source: CRISIL Report), has submitted its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The company intends to raise up to ₹650 crore through an Initial Public Offering (IPO), with equity shares having a face value of ₹10 each. The total offer size consists of a fresh issue of equity shares amounting to ₹600 crore (the “Fresh Issue”) and an offer for sale by existing shareholders totaling ₹50 crore (“Offer for Sale”).
The equity shares will be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
PL Capital Markets Private Limited and Khambatta Securities Limited are appointed as the Book Running Lead Managers (BRLMs) to manage the issue.