Bombay Coated and Special Steels IPO
Bombay Coated and Special Steels IPO was a SME book-built issue of ₹45.50 crore, consisting entirely of a Fresh Issue of 50,00,000 equity shares with no Offer for Sale. The price band was ₹85 to ₹91 per share, with a lot size of 1,600 shares. The IPO open
Bombay Coated and Special Steels IPO Details
Bombay Coated and Special Steels IPO bidding started from Oct 15, 2026 and ended on Oct 19, 2026. The allotment for Bombay Coated and Special Steels IPO was finalized on Oct 20, 2026. Bombay Coated and Special Steels IPO will list on NSE Emerge on Oct 22, 2026.
Bombay Coated and Special Steels IPO Timeline (Tentative)
Bombay Coated and Special Steels IPO opened for subscription on October 29, 2026, and closed on November 2, 2026. The basis of allotment was finalized on November 3, refunds were initiated on November 4, and shares were credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on BSE and NSE on November 5, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Oct 29, 2026 |
| IPO Close Date | Mon, Nov 2, 2026 |
| Basis of Allotment | Tue, Nov 3, 2026 |
| Initiation of Refunds | Wed, Nov 4, 2026 |
| Credit of Shares to Demat | Wed, Nov 4, 2026 |
| Listing Date | Thu, Nov 5, 2026 |
Bombay Coated and Special Steels IPO Lot Size
The Bombay Coated and Special Steels IPO lot size was 1,600 shares. At the upper price band of ₹91 per share, one lot required a minimum investment of ₹1,45,600. Retail investors could apply for 1 lot amounting to ₹1,45,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2,548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12,194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12,376 | ₹10,14,832 |
Bombay Coated and Special Steels IPO Reservation
Bombay Coated and Special Steels IPO comprises a total issue size of 2,23,24,390 shares. Out of which, 1,11,62,195 (50.00%) are allocated to QIB, 33,48,658 (15.00%) allocated to NII, 78,13,537 (35.00%) allocated to RII.
Bombay Coated and Special Steels IPO Subscription
Bombay Coated and Special Steels IPO received robust overall subscription by the close of bidding on October 19, 2026, driven by strong demand across retail and HNI categories.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Bombay Coated and Special Steels
Bombay Coated and Special Steels Limited is engaged in the processing, trading, and distribution of special steel products, coated steel, and heavy metal components. The company provides customized steel solutions, slitting, cutting, and surface coating services tailored to diverse industrial applications such as automotive, engineering, infrastructure, and construction sectors. Operating with state-of-the-art processing units, the company caters to prominent domestic and industrial clients with high standards of quality assurance.
Strengths
- Established expertise and technical capability in specialized steel processing and coating.
- Diversified product portfolio serving core industrial sectors like automotive and engineering.
- Long-standing relationships with reputed client base and suppliers across India.
- Experienced promoter and management team with extensive operational background in the steel sector.
Risks to Consider
- Vulnerability to cyclical fluctuations in the steel industry and volatile raw material prices.
- High working capital requirements for inventory holding and trade receivables management.
- Intense competition from both organized and unorganized steel processors and stockists.
Bombay Coated and Special Steels Financials (₹ Cr)
Bombay Coated and Special Steels reported steady revenue and profit growth over recent financial years, reflecting solid demand for specialized steel products.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2026 | 145.20 | 8.45 | 68.50 | 32.10 |
| FY2025 | 118.40 | 6.12 | 52.30 | 23.65 |
| FY2024 | 92.15 | 4.20 | 41.10 | 17.53 |
KPIs & Valuation
At the IPO price band of ₹85–₹91, Bombay Coated and Special Steels is valued at a pre-issue P/E of 14.11x and post-issue P/E of 18.88x based on FY2026 earnings. Its FY2026 pre-issue EPS was ₹6.45.
Objects of the Issue
The ₹45.50 crore SME IPO is a 100% fresh issue. The company proposed to utilize the net proceeds for funding working capital requirements, capital expenditure for plant upgrades, and general corporate purposes. The company proposed to utilise the IPO proceeds for:
- Funding capital expenditure requirements toward expansion and purchase of plant and machinery.
- Meeting incremental working capital requirements of the company.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Bombay Coated and Special Steels Limited is promoted by experienced industry professionals. The IPO has designated Book Running Lead Managers and Bigshare Services Private Limited as the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Kfin Technologies Limited |
|---|---|
| Phone | +91-40-67162222, 040-79611000 |
| einward.ris@kfintech.com | |
| Website | https://ris.kfintech.com |
Bombay Coated and Special Steels IPO Review
Bombay Coated and Special Steels has demonstrated consistent operational growth in the steel processing and coating domain. Financial performance shows steady expansion, with revenue scaling upwards alongside improving profit margins over recent fiscal periods.
A positive aspect of the IPO is the deployment of proceeds toward working capital expansion and machinery enhancement, which will support growing order volumes. Return ratios such as RoNW and ROCE remain healthy for the industry segment.
However, investors should weigh the inherent risks associated with commodity price volatility and high working capital intensity. The IPO valuation at a P/E multiple of around 14.11x to 18.88x reflects reasonable pricing for an SME issue with growth potential.
How to Apply
Bombay Coated and Special Steels IPO applications could be made through ASBA or UPI. The IPO opened on October 15, 2026 and closed on October 19, 2026. The minimum application was 1 lot of 1,600 shares, requiring ₹1,45,600 at the upper price band of ₹91.
Through UPI
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Log in to your stockbroker app/website.
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Go to the IPO section.
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Select Bombay Coated and Special Steels IPO.
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Enter the number of lots you want to apply for.
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Select the bid price. Retail investors can generally choose Cut-off when available.
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Enter your valid UPI ID.
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Submit the IPO application.
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Open your UPI app when the mandate request arrives.
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Approve the mandate using your UPI PIN.
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The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP, RHP and Prospectus for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds.
Last updated Oct 23, 2026.