Bombay Coated & Special Steels

Bombay Coated & Special Steels

UPCOMING

IPO Date: 29 Oct - 2 Nov 2026

Listing Date: 5 Nov 2026

Price Range

₹78 to ₹82

Issue Size

183 Cr

Min Investment

₹14,196

Min Application

182 Shares

View IPO Document

Schedule of Bombay Coated & Special Steels

  1. Issue open date

    29 Oct 2026

  2. Issue close date

    2 Nov 2026

  3. UPI mandate deadline

    2 Nov 2026 (5 PM)

  4. Allotment finalization

    3 Nov 2026

  5. Share credit

    4 Nov 2026

  6. Listing date

    5 Nov 2026

  7. Mandate end date

    17 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall183 Cr
Fresh Issue2.23 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date3 Nov 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
26 Oct 2026Latest₹82₹9₹91(+10.98%)
25 Oct 2026₹82₹8₹90(+9.76%)
24 Oct 2026₹82₹8₹90(+9.76%)
23 Oct 2026₹82₹8₹90(+9.76%)

Performance Bombay Coated & Special Steels

Issue PriceListing GainCurrent Market PriceP/L
₹78 to ₹82............

About Bombay Coated & Special Steels

Bombay Coated and Special Steels Limited is an Indian steel-processing company that converts raw steel coils into customised, value-added products for original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Its products include slit coils, embossed coils, steel blanks and sheared blanks, used primarily in home appliances, commercial refrigeration, automotive, electrical equipment and general engineering. The company operates four manufacturing facilities across Maharashtra, Rajasthan and Andhra Pradesh. It is an authorised service partner of JSW Steel Coated Products, giving it an established relationship for sourcing steel. It also provides inventory management, logistics and delivery services to industrial customers.

Founded in2019
Managing directorVijaykumar Gupta
Parent organization

Financial Overview

Strengths

5
  1. 1

    Established relationship with JSW Steel. Its authorised service-partner arrangement supports raw-material sourcing and strengthens its position in the steel-processing supply chain.

  2. 2

    Four manufacturing facilities. Plants across three states help the company serve industrial customers in different regions and manage deliveries efficiently.

  3. 3

    Value-added processing capabilities. Slitting, shearing, embossing and cut-to-length processing allow the company to supply steel according to customers' specifications rather than simply selling raw steel.

  4. 4

    Established industrial customer relationships. The company supplies OEMs and ODMs in the appliance, refrigeration, automotive and electrical-equipment sectors. This creates opportunities for repeat business.

  5. 5

    Growing revenue and profitability. Revenue and profit increased in FY2026 compared with FY2025, indicating continued business growth.

Risks

5
  1. 1

    Dependence on JSW Steel. Heavy reliance on one major supplier could expose the company to supply disruptions, changes in commercial terms or difficulties sourcing alternative materials.

  2. 2

    High borrowings. The company reported total borrowings of approximately ₹338.45 crore as of 31 March 2026. Debt creates interest costs and financial risk, particularly if demand weakens.

  3. 3

    Low profit margins. Despite generating substantial revenue, the company operates in a competitive processing business where changes in steel prices, processing costs and customer negotiations can affect profitability.

  4. 4

    Customer concentration. Dependence on a limited number of large industrial customers can create risk if a major customer reduces orders, switches suppliers or delays payments.

  5. 5

    Exposure to industrial cycles and steel-price movements. Demand from appliance manufacturers, automotive companies and other industrial customers can fluctuate with economic conditions. Steel-price volatility may also affect inventory values and working-capital requirements.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A