Bombay Coated & Special Steels Shares List at 11% Premium on NSE
Bombay Coated & Special Steels shares commenced trading on Thursday, November 5, 2026, at a significant premium to their IPO price. On the NSE, the stock listed at ₹91 per share, marking a 10.98% gain over the issue price of ₹82. Meanwhile, its BSE debut was at ₹92.02 per share, translating into a listing premium of 12.22%.
The company’s ₹183.06 crore IPO was open for subscription between October 29 and November 2, 2026. The public issue witnessed strong investor demand, closing with an overall subscription of 63.89 times the shares on offer.
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 Overall Subscription Status
[November 2, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
37.32x |
|
Non-Institutional Investors (NIIs) |
166.44x |
|
Retail Individual Investors (RIIs) |
35.46x |
|
Total |
63.89x |
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 |
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