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Bombay Coated and Special Steels IPO: Check price band, lot size and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 26, 2026, 15:06 IST

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SUMMARY

Bombay Coated and Special Steels IPO, which is entirely a fresh issuance of equity shares, will end on November 2, the company said in a statement.

Bombay Coated and Special Steels is a steel processing centre that converts steel coils into value-added products. | Image: bcsspl.in

Bombay Coated and Special Steels is a steel processing centre that converts steel coils into value-added products. | Image: bcsspl.in

Bombay Coated and Special Steels Ltd's ₹183.1-crore initial public offering (IPO) will open for subscription on Thursday, October 29. It has fixed a price band of ₹78-₹82 per share.

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The initial share sale, which is entirely a fresh issuance of equity shares, will end on November 2, the company said in a statement.

Proceeds of the fresh issue valued at ₹125 crore have been earmarked for debt clearance, while ₹15.7 crore will be utilised 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.

"We expect to receive the benefits of listing of the equity shares on the Stock Exchanges, which include enhancement of our company’s visibility and brand image and creation of a public market for our equity shares in India, among others," the company said in its red herring prospectus.

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Bombay Coated & Special Steels IPO: Lot size

A lot consists of 182 shares. Under the issue structure, at least 50% of the offer will be reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and at least 35% for retail individual investors (RIIs).

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Bombay Coated & Special Steels IPO: Allotment and listing date

EventDate
Subscription periodOctober 29 to November 2
Basis of allotmentNovember 3
Initiation of RefundsNovember 4
Credit of Shares to DematNovember 4
Listing dateNovember 5

Incorporated in 2019, the company is a steel processing centre that converts steel coils into value-added products through operations such as slitting, cut-to-length processing, shearing and embossing.

The company serves original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across sectors, including consumer durables, home appliances, automotive, electrical equipment, refrigeration, infrastructure and general engineering.

It operates manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. The facilities had an aggregate installed processing capacity of 1,23,153 metric tonnes per annum (MTPA), as of June 30, 2026.

The firm has been an authorised service partner of JSW Steel Coated Products Ltd and/or its holding company since 2021, providing access to steel coils for its processing operations.

Financially, the company's profit after tax stood at ₹30.5 crore and revenue from operations at ₹1,266.8 crore in FY26. For the three months ended June 30, 2026, the company reported revenue from operations of ₹397 crore and net profit of ₹15 crore.

Smart Horizon Capital Advisors is the issue's book-running lead manager, while KFin Technologies is the registrar.

With PTI inputs
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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