Bombay Coated and Special Steels IPO allotment: How to check status online on NSE, BSE, KFin Technologies; listing date, time revealed

The basis of allotment of Bombay Coated and Special Steels Ltd will be finalised on Tuesday, November 3. Investors who have applied for the IPO can check bid finalisation details on the websites of the NSE, the BSE and KFin Technologies websites.

The initial public offering was subscribed 60.77 times, as it got bids for 1,00,47,51,020 shares compared to 1,65,33,012 shares on offer, according to the NSE data.

The non-institutional investors (NIIs) category attracted 158.32 times subscription, and the portion for qualified institutional buyers (QIBs) was subscribed 35.50 times. The quota for retail individual investors (RIIs) received 33.73 times subscription.

The ₹183.06 IPO was exclusively a fresh issue of 2.23 crore equity shares, with no offer-for-sale (OFS) component.

Funds to the tune of ₹125 crore will be used to clear certain borrowings, and ₹15.7 crore has been kept aside to finance the cost of acquiring capital equipment under existing lease arrangements with Siemens Financial Services. The rest will be used for general corporate purposes.

Incorporated in 2019, the company is a steel processing centre involved in converting steel coils into value-added products through operations like cut-to-length processing, shearing, slitting and embossing.

Its products serve multiple end-use industries, including automotive and auto components, home and commercial appliances, pharmaceutical cleanroom infrastructure, ventilation systems, electrical equipment and general engineering.

Bombay Coated and Special Steels IPO: Allotment date and time

Bombay Coated and Special Steels IPO allotment status is expected to be finalised on Tuesday, November 3, in the evening.

How to check Bombay Coated and Special Steels IPO allotment status online on NSE

• Open NSE's allotment page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’
• Select 'BCSSL’ from the 'Select Symbol' list
• Add your PAN or application number
• Click on the 'Submit' button

Steps to check Bombay Coated and Special Steels IPO allotment status online on BSE

• Go to the BSE IPO allotment status website: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• From the ‘Issue Name’ list, choose 'Bombay Coated and Special Steels Ltd'
• Fill in PAN or IPO application number
• Hit the ‘Search’ button

Bombay Coated and Special Steels IPO allotment status online on KFin Technologies; full steps

• Open this page: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, choose 'Bombay Coated and Special Steels Ltd'
• Mention your PAN, IPO application number or Demat account number
• Press the ‘Submit’ button

Bombay Coated and Special Steels IPO listing date and time

Shares of Bombay Coated and Special Steels will debut on the stock exchanges - the NSE and the BSE - on Thursday, November 5, at 10 am.