Bombay Coated and Special Steels IPO 2026: Date, Price Band and Details

Dates, price band, lot size, financials and full details of the Bombay Coated and Special Steels Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

Bombay Coated and Special Steels IPO at a glance

Bombay Coated and Special Steels Limited is bringing a Book Built Mainboard IPO worth about ₹183.06 crore. The issue is entirely a fresh issue, with no Offer for Sale, so the company receives the proceeds (less expenses). The IPO is open from 29 October to 2 November 2026 and is proposed to list on the BSE and the NSE.

Bombay Coated and Special Steels IPO Details

Bombay Coated and Special Steels IPO Timelines

Dates are tentative and may change.

Bombay Coated and Special Steels IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it uses the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About Bombay Coated and Special Steels Limited

Incorporated in December 2019 and based in Andheri West, Mumbai, Bombay Coated and Special Steels Limited is a steel processing centre. Its business is converting steel coils into value-added processed steel products. It took over the running business of the proprietorship M/s. Bombay Steels in 2021 and converted into a public limited company in 2025.

Its core processes are precision slitting, cut-to-length processing, shearing and embossing of steel coils, producing slit coils, embossed slit coils, blanks, embossed blanks and sheared blanks. It acts as an intermediary between primary steel producers and end-users, serving original equipment manufacturers (OEMs) and original design manufacturers (ODMs), mainly in the home and commercial appliances sector and general engineering. It operates four facilities, at Wada and Bhiwandi (Maharashtra), Ghiloth (Rajasthan) and Sri City (Andhra Pradesh).

The company's promoters are Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta and Bhawna Nitin Gupta.

What are the Key Strengths of Bombay Coated and Special Steels (as stated in the RHP)

• Established relationship with JSW Steel Coated Products for the supply of steel coils.
• Long-standing relationships with customers, including OEMs and ODMs.
• Strategically located manufacturing network enabling just-in-time supply and cost-efficient operations.
• Integrated and advanced steel processing infrastructure.
• High entry barriers driven by authorised supplier arrangements, capital intensity and customer approvals.
• Experienced promoters and professional management team.

What the Money Will Be Used For

This IPO is entirely a fresh issue, so the company receives the net proceeds (after expenses). It plans to use the money for:

The amount for general corporate purposes will not exceed 25% of gross proceeds.

What are the Company Financials of Bombay Coated and Special Steels

Restated figures, in ₹ crore.

2-Yr CAGR is calculated from FY 2024 to FY 2026. Revenue grew fast, but this is a low-margin steel processing business: raw materials make up about 90% of revenue, so the profit after tax is a small slice of revenue (around 2% to 3%). Adjusted EBITDA is the RHP's own measure. Net Worth is the total equity, which rose partly because of equity shares issued during FY 2026.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the Bombay Coated and Special Steels IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select Bombay Coated and Special Steels IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 3 November 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, KFin Technologies, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• It is substantially dependent on a single supplier, JSW Steel Coated Products Limited (and/or its holding company), for its steel coils.
• Raw materials make up a very large share of revenue (about 87% to 93%), so it operates on thin margins and is exposed to steel price movements.
• It depends on a limited number of customers, with its top ten making up about 67% to 74% of revenue.
• Its performance depends heavily on certain end-use sectors, particularly home and commercial appliances.
• It has a high debt-to-equity ratio and significant working capital needs.
• It has experienced negative cash flows from investing and financing activities in the past.
• It has had certain discrepancies in its statutory filings with the Registrar of Companies.
• It does not have long-term purchase commitments from customers, so orders can be reduced or cancelled.
• Its manufacturing facilities are spread across several regions, and any disruption at one could affect operations.
• The company, its promoters, directors and certain promoter-group members are involved in legal and tax proceedings.

Frequently Asked Questions (FAQs)

1. When does the Bombay Coated and Special Steels IPO open and close?

The IPO opens on 29 October 2026 and closes on 2 November 2026.

2. What is the price band of the IPO?

The price band is ₹78 to ₹82 per share.

3. What is the lot size?

One lot is 182 shares. Applications are made in multiples of 182 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,924 at the upper price band (1 lot of 182 shares).

5. Is this IPO a fresh issue?

Yes. It is entirely a fresh issue aggregating up to ₹183.06 crore with no Offer for Sale, so the company receives the proceeds (less expenses).

6. When is the allotment date?

The allotment is expected to be finalised on 3 November 2026, with shares credited to demat accounts by 4 November 2026.

7. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 5 November 2026 (tentative).

8. What does Bombay Coated and Special Steels do?

It is a steel processing centre that converts steel coils into value-added processed steel products such as slit coils, blanks and embossed products, serving appliance and engineering manufacturers from four facilities in India.

9. What is the GMP of the Bombay Coated and Special Steels IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.

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