A-One Steels India Share Price

A-One Steels India Limited was incorporated as 'A-One Steel and Alloys Private Limited', a Private Limited Company through a Certificate of Incorporation dated April 9, 2012, issued by the Registrar of Companies, Karnataka at Bangalore. Subsequently, the name of the Company was changed to 'A-One Steels India Private Limited' dated June 29, 2024 issued by the Central Processing Centre, Registrar of Companies, at Gurgaon. Company was then converted into a Public Limited Company, consequent to which, the name of the Company was changed to A-one Steels India Limited' and a fresh Certificate of Incorporation, was issued by the Registrar of Companies, Central Processing Centre on December 23, 2024. The story began in Hindupur, a town in the southern part of Andhra Pradesh (India), where 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 2010, the Company set up a structural steel facility at Hindupur, with a vision to become a partner in India's progress in 'A One Steels India Private Limited'. In 2011, it deployed the latest technological feature of a continuous casting machine for producing MS Billets to replace MS Ingots. With that, we became a pioneer in the hot charging of billets and started manufacturing structural steel 'A One Steels India Private Limited'. 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 effective from November 22, 2023. The Company is a backward integrated steel manufacturer in southern India with a diversified product portfolio in both long and flat steel products and industrial products used in steel manufacturing. It is one of the top 5 steel producers in southern India in terms of crude steel capacity, and the only company manufacturing 10 steel products and industrial products. This backward integration allows them to have a strong control over the intermediate product supply and maintain quality of products and attain better margins. These products have application in several industries and structures including construction & infrastructure industry, power plants, dams, airports, bridges, flyovers, stadiums, highways, underground structures, marine structures, industrial structures, high rise residential buildings construction, and other industries. At present, the Company has 6 manufacturing facilities of which five are located in Karnataka and 1 in Andhra Pradesh. Their manufacturing facilities are located at Gauribidanur, Bellary (2 units), Koppal, and Chikkantapur in Karnataka and Hindupur in Andhra Pradesh. The Company is planning a public issue by raising capital aggregating to Rs 650 Crore Equity Shares, comprising a fresh issue of Rs 600 Crore and Rs 50 Crore equity shares through Offer for Sale.