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Bombay Coated & Special Steels IPO 2026
IPO Details, Price Band, Lot Size, Financials & Allotment Status
IPO Status: Upcoming
Issue Period: 29 October – 2 November 2026
IPO Profile
Bombay Coated & Special Steels Limited is a steel processing company that converts steel coils into value-added steel products. The company serves industrial customers across sectors such as home appliances, automotive, electrical equipment, refrigeration and general engineering.
The proposed IPO is a fresh issue intended primarily to reduce borrowings, finance capital equipment-related costs and meet general corporate requirements.
Bombay Coated & Special Steels IPO Details
| Particulars | Details |
|---|---|
| Company Name | Bombay Coated & Special Steels Limited |
| IPO Type | Mainboard IPO |
| Issue Type | Book Building |
| Opening Date | 29 October 2026 |
| Closing Date | 2 November 2026 |
| Price Band | ₹78 – ₹82 per share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹183.06 crore |
| Fresh Issue | ₹183.06 crore |
| Offer for Sale (OFS) | Nil |
| Lot Size | 182 shares |
| Minimum Investment | ₹14,924 at the upper price band |
| Allotment Date | 3 November 2026* |
| Refund / Demat Credit | 4 November 2026* |
| Expected Listing Date | 5 November 2026* |
| Listing Exchanges | BSE and NSE |
| Registrar | KFin Technologies Limited |
| Lead Manager | Smart Horizon Capital Advisors Pvt. Ltd. |
*Dates are tentative and subject to the final offer documents and exchange announcements.
Company Profile
Established in 2019, Bombay Coated & Special Steels Limited processes steel coils into products such as slit coils, embossed coils, blanks and sheared blanks. Its operations include slitting, cut-to-length processing, shearing and embossing.
The company operates manufacturing facilities in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. Its installed processing capacity was approximately 1,23,153 metric tonnes per annum as of 30 June 2026.
The company supplies processed steel products to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). It has also been an authorised service partner of JSW Steel Coated Products Limited since 2021.
Financial Performance
Selected reported financial figures (₹ crore):
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue from Operations | 755.26 | 1,055.71 | 1,266.82 |
| Profit After Tax (PAT) | 21.14 | 28.67 | 30.54 |
June 2026 Quarter
| Revenue from Operations | ₹397.08 crore |
| Profit After Tax | ₹15.08 crore |
Revenue and profit increased across FY24–FY26. Investors should also assess margins, debt, cash flows and working-capital requirements before making an investment decision.
IPO Lot Size & Investment
The minimum application is 182 shares. The following amounts are calculated using the upper price band of ₹82 per share.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2,366 | ₹1,94,012 |
| Small HNI Minimum | 14 | 2,548 | ₹2,08,936 |
| Big HNI Minimum | 68 | 12,376 | ₹10,14,832 |
Amounts are indicative and based on the reported lot size and price band. Category eligibility and application limits should be verified before applying.
Objects of the IPO
| Purpose | Proposed Amount |
|---|---|
| Repayment / prepayment of certain borrowings | ₹125 crore |
| Capital equipment costs under existing lease arrangements | ₹15.77 crore |
| General corporate purposes | As specified in offer documents |
Strengths of Bombay Coated & Special Steels
- Growing revenue: Reported operating revenue increased from FY24 to FY26.
- Profitability: The company reported positive profits in FY24, FY25 and FY26.
- Multiple facilities: Manufacturing locations across three states support regional supply.
- Industry relationships: The company serves customers in multiple industrial segments.
- Established processing capabilities: Its facilities offer slitting, shearing, embossing and cut-to-length services.
- Debt reduction objective: A significant portion of the issue proceeds is earmarked for repayment or prepayment of borrowings.
Risks of Bombay Coated & Special Steels IPO
- Supplier concentration: A substantial share of steel coil purchases comes from JSW Steel Coated Products Limited and related arrangements.
- Customer concentration: Revenue depends significantly on existing customers.
- Debt exposure: Outstanding borrowings may create interest costs and cash-flow pressure.
- Working capital: Steel inventory and trade receivables can increase funding requirements.
- Steel price volatility: Changes in input costs and market demand may affect operating margins.
- Legal proceedings: Outstanding proceedings disclosed in the offer documents may have adverse outcomes.
- Listing risk: The market price after listing may be lower than the issue price.
Read the risk factors in the Red Herring Prospectus (RHP) before applying.
IPO Allotment Status
Check your Bombay Coated & Special Steels IPO allotment after the registrar publishes the status. The expected allotment date is 3 November 2026.
Check Allotment StatusAllotment results are subject to the registrar's official publication. If the status is not available yet, check again later.
Frequently Asked Questions (FAQ)
1. What is Bombay Coated & Special Steels IPO?
It is a proposed mainboard IPO by Bombay Coated & Special Steels Limited, a company engaged in steel coil processing and value-added steel products.
2. What are the IPO opening and closing dates?
The IPO is scheduled to open on 29 October 2026 and close on 2 November 2026, subject to the final issue schedule.
3. What is the price band of the IPO?
The reported price band is ₹78 to ₹82 per equity share.
4. What is the minimum lot size?
The minimum lot size is 182 shares, requiring ₹14,924 at the upper price band.
5. What is the total issue size?
The total reported issue size is approximately ₹183.06 crore, comprising a fresh issue without an OFS component.
6. What are the IPO allotment and listing dates?
The tentative allotment date is 3 November 2026, and the expected listing date is 5 November 2026.
7. Where can I check IPO allotment status?
Use the KFin Technologies allotment portal linked in the Allotment Status section once the official results are available.
8. Is Bombay Coated & Special Steels IPO a guaranteed investment?
No. IPO investments carry market and business risks. Listing gains or returns are not guaranteed. Review the RHP and consult a qualified financial adviser if needed.
9. Where can I read the full IPO details?
Visit Chittorgarh IPO Details for additional issue information and updates.
