Bombay Coated & Special Steels’ ₹183.06 crore IPO reached its final day of bidding on November 2, 2026. The issue, offered at a price band of ₹78 to ₹82 per share, had attracted subscriptions of 5.24 times the shares on offer as of 10:10 AM.

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 3 Subscription Status

[November 2, 2026, 10:10 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	6.57x
Non-Institutional Investors (NIIs)	5.70x
Retail Individual Investors (RIIs)	4.26x
Total	5.24x

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

Founded in 2019, Bombay Coated & Special Steels is engaged in converting steel coils into value-added products, including slit coils, blanks and sheared steel products. These products cater to multiple sectors, such as home appliances, automotive, electrical equipment and general engineering. The company also provides inventory management and logistics services to facilitate timely deliveries.

The company operates four manufacturing facilities across Maharashtra, Rajasthan and Andhra Pradesh. It has been an authorised service partner of JSW Steel Coated Products Limited since 2021. As of June 30, 2026, its total installed processing capacity stood at 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