Bombay Coated & Special Steels will open its ₹183.06 crore IPO for subscription on October 29, 2026, with the bidding period ending on November 2, 2026. The issue consists entirely of a fresh issue of 2.23 crore equity shares, with no offer for sale (OFS) component.

The basis of allotment is expected to be finalised on November 3, 2026. The company’s shares are scheduled to debut 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹82 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	182	₹14,924
Retail (Maximum)	13	2366	₹1,94,012
sNII (Minimum)	14	2548	₹2,08,936
bNII (Minimum)	68	12376	₹10,14,832

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

Incorporated in 2019, Bombay Coated & Special Steels processes steel coils into value-added products such as slit coils, blanks and sheared steel products for industries including home appliances, automotive, electrical equipment and general engineering. It also provides inventory management and logistics services to support timely deliveries.

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