Bombay Coated and Special Steels IPO

Final subscription: 60.77x

Times the shares on offer that investors have applied for, by category (exchange data, updates a few times a day).

Timetable

1. OpensThu 29 Oct
2. ClosesMon 2 Nov
3. AllotmentTue 3 Nov
4. RefundWed 4 Nov
5. Shares in dematWed 4 Nov
6. ListingThu 5 Nov

Dates after the closing day are tentative and can shift by a day.

Why is Bombay Coated and Special Steels raising money?

What the new money will be used for

• Repayment/pre-payment, in full or in part, of certain borrowings availed by Company₹125 cr
• Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd.₹15.77 cr
• General Corporate Purposesamount not fixed

About Bombay Coated and Special Steels

Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre engaged in converting steel coils into value-added processed steel products for Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”). The Company specialises in precision slitting, cut-to-length processing, shearing and embossing of steel coils to manufacture slit coils, embossed slit coils, blanks, embossed blanks and sheared blanks. Its products serve multiple end-use industries, including home and commercial appliances, automotive and auto components, electrical equipment, pharmaceutical cleanroom infrastructure, ventilation systems and general engineering. In addition to processing steel coils, the Company provides logistics and inventory management services and supports customers through just-in-time delivery solutions.

The Company operates four strategically located manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. Spread across an aggregate area of 42,209 square metres, these facilities are equipped with slitting, cut-to-length, shearing and embossing lines. The Company has an authorised service partnership with JSW Steel Coated Products Limited (“JSWSCPL”) and/or its holding company since 2021, supporting regular access to steel coils. As of June 30, 2026, its aggregate installed processing capacity was 1,23,153 metric tonnes per annum, calculated on a quarterly basis for Fiscal 2027.

The Company serves a diversified customer base across consumer durables, home appliances, refrigeration, automotive, electrical equipment, electronics, industrial engineering and other manufacturing sectors. Its customers include OEMs and ODMs such as Haier Appliances India Private Limited, IFB Refrigeration Limited, Dixon Electro Manufacturing Private Limited, Amber Enterprises India Limited and Western Refrigeration Private Limited.

Financials (₹ crore)

Bombay Coated & Special Steels Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 7% between the years ending March 31, 2026 and March 31, 2025.

Restated figures from the offer document. A part-year period (for example 3 months to June) is not comparable with a full year.

Valuation and returns

P/E = price ÷ earnings per share. A negative P/E means the company made a loss. Compare with listed peers in the same business before reading much into it.

Promoters: Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta and Bhawna Nitin Gupta.

Issue details

Price band

₹78–₹82

Lot size

182 shares

Minimum investment

₹14,924 (1 lot at ₹82)

Total issue size

₹183 cr (2.23 crore shares)

Fresh issue / OFS

Fresh capital only

Face value

₹10 per share

Reserved for

QIB 50% · NII 15% · Retail 35%

Anchor investors

₹54.1 cr (already allotted)

Employee discount

–

Retail limit

up to ₹2,00,000

UPI mandate deadline

02-Nov-2026 (up to 5:00 PM)

Listing on

BSE, NSE

Lead managers

Smart Horizon Capital Advisors Private Limited

Registrar (allotment status)

KFin Technologies Limited · bombaycoated.ipo@kfintech.com

Offer document (RHP) on NSE: download. It is long; the "Objects of the Offer" and "Risk Factors" chapters matter most.

Check allotment status

Allotment is done on Tue 3 Nov; shares reach demat accounts by Wed 4 Nov. You need your PAN or application number.

• KFin Technologiesthe registrar for this IPOCheck →
• BSE allotment statuschoose Equity, then the issue nameCheck →
• NSE IPO bid and allotment checklog in with PANCheck →

If shares are not allotted, the blocked amount is released to your bank account by Wed 4 Nov.

Quick answers

How do I check Bombay Coated and Special Steels IPO allotment status?

Allotment is on Tue 3 Nov. Check it on the registrar's website (KFin Technologies) or on the BSE and NSE allotment pages using your PAN or application number.

Does Bombay Coated and Special Steels get the IPO money?

Partly or fully: ₹183 cr is a fresh issue that goes to the company.

What is the minimum investment in the Bombay Coated and Special Steels IPO?

One lot of 182 shares, which costs ₹14,924 at the upper price of ₹82.

When will Bombay Coated and Special Steels list?

The tentative listing date is Thu 5 Nov, with allotment on Tue 3 Nov.