Bombay Coated & Special Steels Limited IPO Details
MainboardListed
EQGMP TodayLive
₹8(+9.8%)
Est. Listing: ₹90
7-Day Trend
7 days ago: ₹6Latest: ₹8
Price Band₹78 - ₹82Lot: 182 Shares
Min Outlay₹14,196Retail Category
Closes On02 Nov 2026Bidding Deadline
Total Demand63.89xSubscription Book
Bombay Coated & Special Steels Limited IPO DetailsCore Specs
IPO Bidding Dates | 29 Oct 2026 to 02 Nov 2026 |
Allotment Date | 03 Nov 2026 |
Listing Date | 05 Nov 2026 |
Issue Price Band | ₹78 - ₹82 |
Market Lot Size | 182 Shares |
Face Value | ₹10 per share |
Total Issue Size | 2,23,24,024 Shares (₹183.05 Cr) |
Fresh Issue | 2,23,24,024 Shares (₹183.05 Cr) |
Offer For Sale (OFS) | - |
Listing Exchange(s) | NSE, BSE |
Pre-Issue Shares | 4,05,00,091 |
Post-Issue Shares | 6,28,24,115 |
Lot(s) Distribution
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| sHNI (Min) | 14 | 2,548 | ₹2,08,936 |
| bHNI (Min) | 68 | 12,376 | ₹10,14,832 |
Company Financials (In Crores)
| Period Ended | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Assets | 526.11 | 571.47 | 458.21 | 350.21 |
| Revenue | 397.55 | 1269.83 | 1058.65 | 765.41 |
| Net Worth | 136.62 | 121.58 | 83.05 | 54.36 |
| Borrowing | 273.69 | 338.45 | 276.96 | 234.16 |
| PAT | 15.08 | 30.54 | 28.67 | 21.14 |
| Reserves | 96.12 | 81.08 | 73.15 | 44.46 |
Key Performance Indicators (KPI)
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| ROCE (%) | - | - | - | - |
| RONW (%) | 11.03 | 25.12 | 34.54 | 38.84 |
| EPS (₹) | 3.72 | 7.64 | 7.24 | 5.34 |
| P/E Ratio | - | - | - | - |
About Bombay Coated & Special Steels Limited
Bombay Coated and Special Steels Limited, incorporated in 2019, operates as a steel processing centre that converts steel coils into value-added products through precision slitting, cut-to-length processing, shearing and embossing. The company acts as an intermediary between primary steel producers and end-users, supplying Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the home appliances, commercial appliances and general engineering sectors. Since 2021, it has served as an authorised service partner of JSW Steel Coated Products Limited, supporting a reliable supply of steel coils for its processing operations. The company operates four manufacturing facilities in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh, with a combined installed processing capacity exceeding 1,23,000 metric tonnes per annum (MTPA) as of June 30, 2026. Its facilities are ISO 9001:2015 certified, with selected plants also holding green certifications. Bombay Coated and Special Steels serves a diversified customer base that includes Amber Enterprises India Limited, Western Refrigeration Private Limited, Haier Appliances India Private Limited and PG Technoplast Private Limited, among others. Its growth strategy includes diversifying into additional end-user industries, expanding its Ghiloth facility and strengthening its presence in domestic and international markets.
Strengths & Growth Drivers
- Established Partnership with JSWSCPL: The company has been an authorised service partner of JSW Steel Coated Products Limited since 2021, sourcing most of its steel coils from JSWSCPL and receiving technical and quality control support.
- Strong Customer Relationships: The company has built long-term relationships with OEMs and ODMs. Its top 10 customers contributed 73.54% of operating revenue in the three months ended June 30, 2026, supported by product quality, competitive pricing and timely delivery.
- Strategically Located Manufacturing Facilities: The company operates four manufacturing facilities near major OEM and ODM hubs across Western, Northern and Southern India, helping reduce transportation costs, enable timely deliveries and improve operational flexibility.
Risk Factors
- High Dependence on a Single Supplier: The company sourced 85.13%, 86.65%, 90.61% and 84.58% of its steel coil requirements from JSWSCPL for the periods ended June 30, 2026, FY2026, FY2025 and FY2024, respectively. Any disruption in this relationship could affect business operations.
- Statutory Filing Issues: The company has faced errors and delays in statutory filings with the Registrar of Companies (RoC), including incorrect allotment details and late submissions, which could lead to regulatory scrutiny or penalties.
- Negative Cash Flows from Investing and Financing Activities: The company has recorded negative cash flows from investing and financing activities, including ₹733.88 million used in financing activities in the three months ended June 30, 2026. This could put pressure on liquidity and future growth plans.
Company Promoters
- Vijaykumar Himatrai Gupta
- Nitin Vijaykumar Gupta
- Bhawna Nitin Gupta
Lead Manager(s)
Smart Horizon Capital Advisors Private Limited
Current GMP Today+₹8Live Unofficial Premium
Estimated Listing Price₹14932.00Cap Price (₹14924) + GMP (₹8)
Estimated Listing Gain+0.1%Expected ROI per Share
Bombay Coated & Special Steels Limited Daily GMP Trend HistoryLive Daily Trend
| GMP Date | IPO Price | GMP (₹) | Est. Listing Price | Expected Gain (%) | Last Updated |
|---|---|---|---|---|---|
| 05 Nov 2026 | ₹82 | +₹8 | ₹90.00 | +9.8% | 04:19 AM |
| 04 Nov 2026 | ₹82 | +₹8.5 | ₹90.50 | +10.4% | 06:30 PM |
| 03 Nov 2026 | ₹82 | +₹9.25 | ₹91.25 | +11.3% | 06:30 PM |
| 02 Nov 2026 | ₹82 | +₹9.25 | ₹91.25 | +11.3% | 06:48 PM |
| 02 Nov 2026 | ₹82 | +₹9.25 | ₹91.25 | +11.3% | 03:31 PM |
| 01 Nov 2026 | ₹82 | +₹9 | ₹91.00 | +11.0% | 06:48 PM |
| 31 Oct 2026 | ₹82 | +₹8.5 | ₹90.50 | +10.4% | 05:22 AM |
| 30 Oct 2026 | ₹82 | +₹7 | ₹89.00 | +8.5% | 06:30 PM |
| 29 Oct 2026 | ₹82 | +₹9 | ₹91.00 | +11.0% | 06:30 PM |
| 28 Oct 2026 | ₹82 | +₹9 | ₹91.00 | +11.0% | 04:31 AM |
| 27 Oct 2026 | ₹82 | +₹9 | ₹91.00 | +11.0% | 06:31 PM |
| 26 Oct 2026 | ₹82 | +₹9 | ₹91.00 | +11.0% | 06:48 PM |
| 25 Oct 2026 | ₹82 | +₹8 | ₹90.00 | +9.8% | 06:51 PM |
| 24 Oct 2026 | ₹82 | +₹8 | ₹90.00 | +9.8% | 06:33 PM |
| 23 Oct 2026 | ₹82 | +₹8 | ₹90.00 | +9.8% | 05:27 AM |
| 22 Oct 2026 | ₹82 | ₹0 | ₹0.00 | 0.0% | 06:33 AM |
Subscription Details (No. of Shares)Live Demand Book
| Category | Shares Offered | Shares Applied | Subscription Demand |
|---|---|---|---|
| QIB | 45,64,512 | 17,03,30,524 | 0x |
| NIB | 33,48,604 | 55,73,36,598 | 0x |
| HNIs(10L +) | 22,32,402 | 43,07,09,916 | 0x |
| HNIs (2-10L) | 11,16,201 | 12,66,26,682 | 0x |
| RETAIL | 78,13,409 | 27,70,83,898 | 0x |
Day Wise Subscription Details
| Day | Date | QIB (x) | NII (x) | Retail (x) | Total (x) |
|---|---|---|---|---|---|
| Day 1 | - | 0x | 0x | 0x | 0x |
| Day 2 | - | 0x | 0x | 0x | 0x |
| Day 3 | - | 0x | 0x | 0x | 0x |
IPO Reservation Breakup
| Investor Category | Shares Offered | Allocation (%) |
|---|---|---|
| Anchor | 65,97,500 | 29.55% |
| QIB | 45,64,512 | 20.45% |
| HNI | 33,48,604 | 15% |
| RETAIL | 78,13,409 | 35% |
Official IPO Documents & Filings
Red Herring Prospectus (RHP)
Complete issue guidelines, risks, financials, and company profile.
Draft Red Herring (DRHP)
Initial draft submitted to SEBI before price discovery.
Bombay Coated & Special Steels Limited IPO Review & FAQ
Everything you need to know about IPO GMP, Kostak, and listing expectations.
As of today, Bombay Coated & Special Steels Limited IPO Grey Market Premium (GMP) is trading at ₹8 per share. With an issue cap price of ₹82, the expected listing price is ₹90 (+9.8% gain).
UPCOMING29 OCT
OPEN29 OCT
CLOSE02 NOV
LISTED05 NOV
Quick NavigationAuto-Synced
Issue Key Information
Allotment StatusPrice Band₹78 - ₹82
Issue Cap Price₹82
Market Lot Size182 Shares
Min Retail Outlay₹14,196
Total Issue Size₹183.05 Cr
Listing ExchangesNSE, BSE
RegistrarKfin Technologies Limited
IPO Lot & Return Calculator
1 Lot(s)
Total Shares Applied:182 shares
Required Investment (At Cap):₹14,924
Expected Listing Gain (@ GMP):+₹1,456
Estimated Portfolio Value:₹16,380