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Bombay Coated and Special Steels IPO

Bombay Coated and Special Steels IPO

Bombay Coated and Special Steels IPO

Overview

Bombay Coated and Special Steels IPO is a book build issue of ₹183.06 crores. The issue is entirely a fresh issue 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 [.] to [.] per share. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Total Shares

0

Issue Size

₹183 Cr

Price Band

₹0 – ₹0

Lot Size

0 shares

Min. Investment

₹0

Max. Investment

₹0

Open Date

29 Oct, 2026

Close Date

02 Nov, 2026

Allotment

03 Nov, 2026

Listing

05 Nov, 2026

Announced

29 Oct, 2026

Opening Date

29 Oct, 2026

Closing Date

02 Nov, 2026

Basis of Allotment

03 Nov, 2026

Initiation of Refunds

04 Nov, 2026

Credit of Shares

04 Nov, 2026

Listing Date

05 Nov, 2026

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About Bombay Coated and Special Steels IPO

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

Bombay Coated and Special Steels IPO Share Price

Issue Breakdown

Total Issue0 shares₹183 Cr
Fresh Issue0 shares₹183 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue4,05,00,091
Post-Issue0

Bombay Coated and Special Steels IPO Financial Health

Bombay Coated & Special Steels Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 7% between the financial year ending with March 31, 2026 and March 31, 2025.

Bombay Coated and Special Steels IPO Lot Size

ApplicationLotsSharesAmount
----

(All values in CR)

Bombay Coated and Special Steels IPO Valuations

MetricValue
ROE11.65
ROCE7.01
Debt/Equity2.00
RoNW11.03
PAT Margin3.80
EBITDA Margin8.10
NAV33.73

(All values in CR)

Bombay Coated and Special Steels IPO Strength & Risk

+Strengths

Bombay Coated and Special Steels IPO Strength

  • Strong Revenue Growth: The company’s revenue increased from ₹590.9 crore in FY23 to ₹1,055.7 crore in FY25, reflecting consistent business expansion.

  • Established Supplier Relationship: The company has been an authorised service partner of JSW Steel Coated Products since 2021, supporting its steel coil sourcing and processing operations.

  • Diversified Manufacturing Network: Its four manufacturing facilities across India support efficient steel processing and timely deliveries to customers.

  • Long-Standing Customer Relationships: The company serves original equipment manufacturers (OEMs) and original design manufacturers (ODMs), including customers in the home and commercial appliance industries.

!Risks

Bombay Coated and Special Steels IPO Risk

  • High Supplier Concentration: The company sourced approximately 84% of its steel coil requirements from JSW Steel Coated Products in H1 FY26, making it vulnerable to supply disruptions.

  • Customer Concentration Risk: Its top ten customers contributed around 67.44% of FY25 revenue, meaning the loss of major customers could significantly affect business performance.

  • High Debt Levels: The company reported borrowings of approximately ₹270.9 crore as of September 2025, which could increase interest expenses and financial pressure.

  • Thin Profit Margins: Despite revenue growth, the company operates with relatively low net profit margins, leaving earnings vulnerable to rising costs and pricing pressure.

Bombay Coated and Special Steels IPO GMP

₹00

Last updated 22 Oct, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
22 Oct, 20260₹0-₹ (%)-22 Oct, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Bombay Coated and Special Steels IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Bombay Coated and Special Steels IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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