Bombay Coated and Special Steels IPO
Bombay Coated and Special Steels IPO details
| Bidding dates | 29 Oct 2026 to 02 Nov 2026 |
| Price band | ₹78 – ₹82 |
| Lot size | 182 shares |
| Minimum amount | ₹14,924 (1 lot) |
| Issue size | ₹183.06 Cr |
| Issue type | Fresh issue |
| Listing on | NSE, BSE |
| Allotment date | 03 Nov 2026 |
| Listing date | 05 Nov 2026 |
| Registrar | KFin Technologies Ltd. |
Key dates
Bombay Coated and Special Steels IPO GMP today
As of 04 Nov 2026. GMP is an unofficial grey market quote, not a price set by any exchange or regulator. It can change quickly or turn out wrong. Estimated listing price = upper price band + GMP.
Bombay Coated and Special Steels IPO subscription status
Final subscription
Bombay Coated and Special Steels IPO allotment status
Allotment is due on 03 Nov 2026. Registrar: KFin Technologies Ltd. Open the registrar’s allotment page.
Updated 04 Nov 2026. Information only, not a recommendation to apply.
About Bombay Coated and Special Steels
Bombay Coated and Special Steels is a Mumbai-based steel processor that converts steel coils into slit coils, blanks and sheared products for makers of home appliances, automotive parts, electrical equipment and refrigeration products. It runs four plants in Wada and Bhiwandi (Maharashtra), Ghiloth (Rajasthan) and Sri City (Andhra Pradesh). It is an authorised service partner of JSW Steel Coated Products and also provides logistics and inventory support to customers.
| Headquarters | Mumbai, Maharashtra |
| Key person | Nitin Vijaykumar Gupta, Managing Director |
Bombay Coated and Special Steels financials
All figures in ₹ Cr. Revenue from operations and PAT, FY ends 31 March (Groww, JM Financial, 5paisa). FY24 revenue left blank because Groww shows ₹752.26 Cr while JM Financial and 5paisa show ₹755.26 Cr.
| Year | Revenue | Profit after tax | Total assets |
|---|---|---|---|
| FY24 | — | 21.14 | — |
| FY25 | 1,055.71 | 28.67 | — |
| FY26 | 1,266.82 | 30.54 | — |
Key performance indicators
ROE, EBITDA margin and PAT margin are for the three months ended 30 June 2026 (not annualised; Groww and Angel One agree). NAV ₹30.41 is the FY26 figure from Angel One and 5paisa. FY26 EPS is ₹7.64 in two sources but ₹7.54 on Groww, so it is left blank.
| Indicator | Value |
|---|---|
| ROE % | 11.65 |
| EBITDA margin % | 8.10 |
| PAT margin % | 3.80 |
| NAV per share ₹ | 30.41 |
Objects of the Bombay Coated and Special Steels IPO
| Purpose | Estimated amount |
|---|---|
| Repayment or prepayment of certain borrowings | ₹125.00 Cr |
| Acquiring capital equipment currently leased from Siemens Financial Services | ₹15.77 Cr |
| General corporate purposes | To be decided |
Strengths and risks
Points drawn from the offer document and news reports. They are facts to read, not advice.
Strengths
- Revenue grew from ₹1,055.71 Cr in FY25 to ₹1,266.82 Cr in FY26 (about 20%), with PAT up from ₹28.67 Cr to ₹30.54 Cr.
- Four processing plants near appliance and industrial clusters in Maharashtra, Rajasthan and Andhra Pradesh.
- Authorised service partner of JSW Steel Coated Products, its main steel supplier.
- Customers are original equipment and design manufacturers in home appliances, automotive and electrical equipment.
Risks
- JSW Steel Coated Products supplied between 84.58% and 90.61% of its steel coil purchases across the periods reported.
- The top ten customers contribute roughly two-thirds or more of revenue.
- Margins are thin (EBITDA margin roughly 7-8%) and raw material makes up the bulk of costs, so steel price swings matter.
- Borrowings are high relative to net worth, and ₹125 Cr of the proceeds is meant to repay debt.
- Home and commercial appliances account for a large share of product sales, so a slowdown there would hit volumes.
Lead managers and registrar
| Lead manager(s) | Smart Horizon Capital Advisors Private Limited |
| Registrar | KFin Technologies Limited |
Bombay Coated and Special Steels IPO: frequently asked questions
What is the issue size of the Bombay Coated and Special Steels IPO?
The Bombay Coated and Special Steels IPO is a fresh issue of ₹183.06 Cr.
What are the open and close dates of the Bombay Coated and Special Steels IPO?
Bidding opens on 29 Oct 2026 and closes on 02 Nov 2026.
What is the price band of the Bombay Coated and Special Steels IPO?
The price band is ₹78 – ₹82 per share.
What is the lot size and minimum investment in the Bombay Coated and Special Steels IPO?
One lot is 182 shares. The minimum investment at the upper price band is ₹14,924 (1 lot).
When is the Bombay Coated and Special Steels IPO allotment date?
Allotment is expected on 03 Nov 2026. You can check it on the registrar’s website (KFin Technologies Ltd.) or through your broker.
Where will the Bombay Coated and Special Steels IPO list?
The shares are proposed to list on NSE, BSE, with a listing date of 05 Nov 2026.
What is the GMP of the Bombay Coated and Special Steels IPO?
GMP is an unofficial grey market quote that changes every day. See the latest value, with the date, in the GMP section at the top of this page. It does not guarantee the listing price.
Sources: groww.in, groww.in, www.jmfinancialservices.in, www.angelone.in, www.5paisa.com.
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