A-ONE Steels India Limited files DRHP
Bengaluru: A-One Steels India Limited, one of the top 5 (five steel producers in southern India in terms of crude steel capacity, and the only company manufacturing 10 steel products and industrial products. (Source: CRISIL Report) has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India.
The Company plans to raise funds through offer of equity shares (face value ₹10 each) through initial public offerings aggregating up to ₹65,000 Lakhs [₹650 Crore].
The total offer size comprises of fresh issue of equity shares aggregating up to ₹60,000 Lakhs [₹600 crore] and offer for sale by Selling Shareholders aggregating up to ₹5000 Lakhs [₹50 Crore].
The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.
PL Capital Markets Private Limited and Khambatta Securities Limited are the Book Running Lead Managers to the issue.
