Bombay Coated and Special Steels
Price band ₹78–82 · Issue ₹183.06 Cr
Market attention score 35.7 (how ranked)
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Capital required
Approximate retail outlay for Bombay Coated and Special Steels at the issue price band (lot × lots).
Est. capital
₹14,196 – ₹14,924
Lot size 182 · up to ₹82/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
29 Oct 2026
Closes
2 Nov 2026
Allotment
3 Nov 2026
Listing
5 Nov 2026
Lot size
182
GMP
+10.98%
Overview
Bombay Coated and Special Steels IPO is a book build issue of ₹183.06 crores. The issue is entirely a fresh issue of 2.23 crore shares of ₹183.06 crore.
Bombay Coated and Special Steels IPO opens for subscription on Oct 29, 2026 and closes on Nov 2, 2026. The allotment for the Bombay Coated and Special Steels IPO is expected to be finalized on Nov 3, 2026. Bombay Coated and Special Steels IPO will list on NSE and BSE with a tentative listing date fixed as Nov 5, 2026.
Bombay Coated and Special Steels IPO is set issue price band at ₹78 to ₹82 per share. The lot size for an application is 182 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,924 (182 shares) (based on upper price).
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bombay Coated and Special Steels IPO RHP for detailed Information.
Issue details
IPO Date
29 Oct to 2 Nov, 2026
Listing Date
Thu, Nov 5, 2026
Face Value
₹10 per share
Price Band
₹78 to ₹82
Lot Size
182 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12376 | ₹10,14,832 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Issue |
| Retail | Not more than 35% of the Issue |
| NII | Not less than 15% of the Issue |
About the company
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre engaged in converting steel coils into value-added processed steel products for Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”). The Company specialises in precision slitting, cut-to-length processing, shearing and embossing of steel coils to manufacture slit coils, embossed slit coils, blanks, embossed blanks and sheared blanks. Its products serve multiple end-use industries, including home and commercial appliances, automotive and auto components, electrical equipment, pharmaceutical cleanroom infrastructure, ventilation systems and general engineering. In addition to processing steel coils, the Company provides logistics and inventory management services and supports customers through just-in-time delivery solutions.
The Company operates four strategically located manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. Spread across an aggregate area of 42,209 square metres, these facilities are equipped with slitting, cut-to-length, shearing and embossing lines. The Company has an authorised service partnership with JSW Steel Coated Products Limited (“JSWSCPL”) and/or its holding company since 2021, supporting regular access to steel coils. As of June 30, 2026, its aggregate installed processing capacity was 1,23,153 metric tonnes per annum, calculated on a quarterly basis for Fiscal 2027.
The Company serves a diversified customer base across consumer durables, home appliances, refrigeration, automotive, electrical equipment, electronics, industrial engineering and other manufacturing sectors. Its customers include OEMs and ODMs such as Haier Appliances India Private Limited, IFB Refrigeration Limited, Dixon Electro Manufacturing Private Limited, Amber Enterprises India Limited and Western Refrigeration Private Limited.
As of June 30, 2026, the Company had 164 personnel, comprising 160 permanent employees and 4 employees on retainership.
- High Entry Barriers.
- Growing Processing Capacity.
- Integrated Steel Processing Infrastructure.
- Strategically Located Manufacturing Network.
- Long-Standing Customer Relationships.
- Established Relationship with JSWSCPL.
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 526.11 | 571.47 | 458.21 | 350.21 |
| Total Income | 397.55 | 1,269.83 | 1,058.65 | 765.41 |
| Profit After Tax | 15.08 | 30.54 | 28.67 | 21.14 |
| EBITDA | 32.17 | 86.09 | 74.09 | 49.17 |
| NET Worth | 136.62 | 121.58 | 83.05 | 54.36 |
| Reserves and Surplus | 96.12 | 81.08 | 73.15 | 44.46 |
| Total Borrowing | 273.69 | 338.45 | 276.96 | 234.16 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 11.65% | 29.92% |
| ROCE | 7.01% | 16.40% |
| Debt/Equity | 2.00 | 2.78 |
| RoNW | 11.03% | 25.12% |
| PAT Margin | 3.80% | 2.41% |
| EBITDA Margin | 8.10% | 6.80% |
| NAV | 33.73 | 30.41 |
| P/B (x) | 2.70 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
7.54
P/E (x)
10.88
Market Cap at Offer Price
₹332.10 Cr.
Objects of the issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by Company
- Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd.
- General Corporate Purposes
Intermediaries
Registrar
Kfin Technologies Ltd.
Lead manager(s)
Smart Horizon Capital Advisors Pvt.Ltd.
FAQs
How to apply in Bombay Coated and Special Steels IPO through Zerodha?+
Zerodha customers can apply online in Bombay Coated and Special Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Bombay Coated and Special Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Bombay Coated and Special Steels IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Bombay Coated and Special Steels IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Bombay Coated and Special Steels IPO will open?+
The Bombay Coated and Special Steels IPO opens on Thu, Oct 29, 2026 and closes on Mon, Nov 2, 2026.
What is the lot size of Bombay Coated and Special Steels IPO?+
Bombay Coated and Special Steels IPO lot size is 182 , and the minimum amount required for application is ₹14,924 .
How to apply for Bombay Coated and Special Steels IPO?+
You can apply in Bombay Coated and Special Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Bombay Coated and Special Steels IPO allotment?+
The finalization of Basis of Allotment for Bombay Coated and Special Steels IPO will be done on Tuesday, November 3, 2026 , and the allotted shares will be credited to your demat account by Wed, Nov 4, 2026 . Check the Bombay Coated and Special Steels IPO allotment status .
When is Bombay Coated and Special Steels IPO listing date ?+
The Bombay Coated and Special Steels IPO listing date is not yet announced. The tentative date of listing is Thu, Nov 5, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.