Bombay Coated & Special Steels’ ₹183.06 crore IPO entered its second day of subscription on October 31, 2026, with a price band of ₹78 to ₹82 per share. As of 10:10 AM on the second day of bidding, the issue had been subscribed 2.82 times.

The public issue will close on November 2, 2026. The basis of allotment is expected to be finalised on November 3, with the company’s shares scheduled to list on the BSE and NSE on November 5, 2026.

Bombay Coated & Special Steels IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹183.06 crore
Fresh Issue: Up to ₹183.06 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹78 to ₹82 per share
Lot Size: 182 shares
Minimum Investment Amount (Retail Investor): ₹14,924 (182 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Smart Horizon Capital Advisors Private Limited
Registrar: KFin Technologies Limited

Bombay Coated & Special Steels IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	29 October 2026
Subscription Closing Date	2 November 2026
Basis of Allotment Date	3 November 2026
Refund Initiation Date	4 November 2026
Credit of Shares	4 November 2026
Listing on BSE and NSE	5 November 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Bombay Coated & Special Steels IPO Day 2 Subscription Status

[October 30, 2026, 10:10 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	6.55x
Non-Institutional Investors (NIIs)	0.88x
Retail Individual Investors (RIIs)	1.47x
Total	2.82x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment/pre-payment, in full or in part, of certain borrowings availed by the company
Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited
General corporate purposes.

About Bombay Coated & Special Steels Limited

Established in 2019, Bombay Coated & Special Steels specialises in processing steel coils into finished products such as slit coils, blanks and sheared steel products. These are supplied to various industries, including home appliances, automotive, electrical equipment and general engineering. The company also offers inventory management and logistics support to ensure timely product deliveries.

Its manufacturing operations span four facilities located across Maharashtra, Rajasthan and Andhra Pradesh. Since 2021, the company has been an authorised service partner of JSW Steel Coated Products Limited. As of June 30, 2026, it had an installed processing capacity of 1,23,153 MTPA.

Key Financial Highlights

Particulars	For the three month period ended June 30, 2026 (in ₹ crore)	FY26 (in ₹ crore)	FY25 (in ₹ crore)
Revenue from operations	397.08	1,266.82	1,055.71
EBITDA	32.17	86.09	74.09
Profit After Tax (PAT)	15.08	30.54	28.67