Bombay Coated & Special Steels IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 29 to Nov 02 2026
Price Band
₹78 - 82
Current GMP
₹91.0 (+10.98%)
Subscription
63.89 times
IPO Details
| IPO Date | 29 Oct to 2 Nov, 2026 |
| Listing Date | Thu, Nov 5, 2026 |
| Face Value | 10 per share |
| Price Band | 78 to 82 |
| Issue Price | 82 per share |
| Lot Size | 182 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,23,24,024 shares (agg. up to ₹ 183.06 Cr) |
| Fresh Issue | 2,23,24,024 shares (agg. up to ₹ 183.06 Cr) |
| Share Holding Pre Issue | 4,05,00,091 shares |
| Share Holding Post Issue | 6,28,24,115 shares |
| BSE Script Code / NSE Symbol | 545018 / BCSSL |
| ISIN | INE0XFY01011 |
IPO Date
29 Oct to 2 Nov, 2026
Listing Date
Thu, Nov 5, 2026
Face Value
10 per share
Price Band
78 to 82
Issue Price
82 per share
Lot Size
182 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
2,23,24,024 shares (agg. up to ₹ 183.06 Cr)
Fresh Issue
2,23,24,024 shares (agg. up to ₹ 183.06 Cr)
Share Holding Pre Issue
4,05,00,091 shares
Share Holding Post Issue
6,28,24,115 shares
BSE Script Code / NSE Symbol
545018 / BCSSL
ISIN
INE0XFY01011
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 37.32 |
| NII | 166.44 |
| bNII (> ₹10L) | 192.94 |
| sNII (< ₹10L) | 113.44 |
| Retail | 35.46 |
| Total ** | 63.89 |
Anchor
1
QIB (Ex Anchor)
37.32
NII
166.44
bNII (> ₹10L)
192.94
sNII (< ₹10L)
113.44
Retail
35.46
Total **
63.89
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Oct 2 9 (Day 1) | 6.89 | 0.76 | 0.51 | 1.25 | 1.31 | 2.81 |
| Oct 3 0 (Day 2) | 6.89 | 1.90 | 1.30 | 3.09 | 3.17 | 3.98 |
| Nov 2 (Day 3) | 37.32 | 166.44 | 192.94 | 113.44 | 35.46 | 63.89 |
DayOct 2
9 (Day 1)
QIB (Ex Anchor)6.89
NII0.76
NII (> ₹10L)0.51
NII (< ₹10L)1.25
Retail1.31
Total2.81
DayOct 3
0 (Day 2)
QIB (Ex Anchor)6.89
NII1.90
NII (> ₹10L)1.30
NII (< ₹10L)3.09
Retail3.17
Total3.98
DayNov 2
(Day 3)
QIB (Ex Anchor)37.32
NII166.44
NII (> ₹10L)192.94
NII (< ₹10L)113.44
Retail35.46
Total63.89
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 05-11-2026 | 82 | 8 (9.76%) | 90 |
| 04-11-2026 | 82 | 8 (9.76%) | 90 |
| 03-11-2026 | 82 | 7 (8.54%) | 89 |
| 02-11-2026 | 82 | 8 (9.76%) | 90 |
| 01-11-2026 | 82 | 9 (10.98%) | 91 |
| 31-10-2026 | 82 | 8.5 (10.37%) | 90.5 |
| 30-10-2026 | 82 | 7 (8.54%) | 89 |
| 29-10-2026 | 82 | 9 (10.98%) | 91 |
| 28-10-2026 | 82 | 9 (10.98%) | 91 |
| 27-10-2026 | 82 | 9 (10.98%) | 91 |
| 26-10-2026 | 82 | 9 (10.98%) | 91 |
| 25-10-2026 | 82 | 8 (9.76%) | 90 |
| 24-10-2026 | 82 | 8 (9.76%) | 90 |
| 23-10-2026 | 82 | 8 (9.76%) | 90 |
GMP Date05-11-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
GMP Date04-11-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
GMP Date03-11-2026
IPO Price82
GMP7 (8.54%)
Est. Listing Price89
GMP Date02-11-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
GMP Date01-11-2026
IPO Price82
GMP9 (10.98%)
Est. Listing Price91
GMP Date31-10-2026
IPO Price82
GMP8.5 (10.37%)
Est. Listing Price90.5
GMP Date30-10-2026
IPO Price82
GMP7 (8.54%)
Est. Listing Price89
GMP Date29-10-2026
IPO Price82
GMP9 (10.98%)
Est. Listing Price91
GMP Date28-10-2026
IPO Price82
GMP9 (10.98%)
Est. Listing Price91
GMP Date27-10-2026
IPO Price82
GMP9 (10.98%)
Est. Listing Price91
GMP Date26-10-2026
IPO Price82
GMP9 (10.98%)
Est. Listing Price91
GMP Date25-10-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
GMP Date24-10-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
GMP Date23-10-2026
IPO Price82
GMP8 (9.76%)
Est. Listing Price90
IPO Important Dates
| IPO Open | Thu, Oct 29, 2026 |
| IPO Close | Mon, Nov 2, 2026 |
| Allotment | Tue, Nov 3, 2026 |
| Refund | Wed, Nov 4, 2026 |
| Credit of Shares | Wed, Nov 4, 2026 |
| Listing | Thu, Nov 5, 2026 |
IPO Open
Thu, Oct 29, 2026
IPO Close
Mon, Nov 2, 2026
Allotment
Tue, Nov 3, 2026
Refund
Wed, Nov 4, 2026
Credit of Shares
Wed, Nov 4, 2026
Listing
Thu, Nov 5, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12376 | ₹10,14,832 |
ApplicationRetail (Min)
Lots1
Shares182
Amount₹14,924
ApplicationRetail (Max)
Lots13
Shares2366
Amount₹1,94,012
ApplicationS-HNI (Min)
Lots14
Shares2548
Amount₹2,08,936
ApplicationS-HNI (Max)
Lots67
Shares12194
Amount₹9,99,908
ApplicationB-HNI (Min)
Lots68
Shares12376
Amount₹10,14,832
Financial Information
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 526.11 | 571.47 | 458.21 | 350.21 |
| Total Income | 397.55 | 1,269.83 | 1,058.65 | 765.41 |
| Profit After Tax | 15.08 | 30.54 | 28.67 | 21.14 |
| EBITDA | 32.17 | 86.09 | 74.09 | 49.17 |
| NET Worth | 136.62 | 121.58 | 83.05 | 54.36 |
| Reserves and Surplus | 96.12 | 81.08 | 73.15 | 44.46 |
| Total Borrowing | 273.69 | 338.45 | 276.96 | 234.16 |
Period EndedAssets
30 Jun 2026526.11
31 Mar 2026571.47
31 Mar 2025458.21
31 Mar 2024350.21
Period EndedTotal Income
30 Jun 2026397.55
31 Mar 20261,269.83
31 Mar 20251,058.65
31 Mar 2024765.41
Period EndedProfit After Tax
30 Jun 202615.08
31 Mar 202630.54
31 Mar 202528.67
31 Mar 202421.14
Period EndedEBITDA
30 Jun 202632.17
31 Mar 202686.09
31 Mar 202574.09
31 Mar 202449.17
Period EndedNET Worth
30 Jun 2026136.62
31 Mar 2026121.58
31 Mar 202583.05
31 Mar 202454.36
Period EndedReserves and Surplus
30 Jun 202696.12
31 Mar 202681.08
31 Mar 202573.15
31 Mar 202444.46
Period EndedTotal Borrowing
30 Jun 2026273.69
31 Mar 2026338.45
31 Mar 2025276.96
31 Mar 2024234.16
Key Performance Indicator
| ROE | 11.65% |
| ROCE | 7.01% |
| Debt/Equity | 2.00 |
| RoNW | 11.03% |
| PAT Margin | 3.80% |
| EBITDA Margin | 8.10% |
| NAV | 33.73 |
| P/B (x) |
ROE
11.65%
ROCE
7.01%
Debt/Equity
2.00
RoNW
11.03%
PAT Margin
3.80%
EBITDA Margin
8.10%
NAV
33.73
P/B (x)
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Bombay Coated and Special Steels | 7.64 | 7.64 | 30.41 | 25.12 | Restated | ||
| Bmw Industries Ltd. | 3.63 | 3.35 | 35.85 | 14.98 | 10.15 | 1.46 | Standalone |
| Manaksia Coated Metals & Industries Ltd. | 4.25 | 4.18 | 32.46 | 31.03 | 11.96 | 4.03 | Standalone |
| Shiv Aum Steels Ltd. | 5.47 | 5.47 | 88.86 | 98.54 | 4.73 | 6.13 | Standalone |
Company NameBombay Coated and Special Steels
EPS (Basic)7.64
EPS (Diluted)7.64
NAV (₹ per share)30.41
P/E (x)
RoNW (%)25.12
P/BV Ratio
Financial statementsRestated
Company NameBmw Industries Ltd.
EPS (Basic)3.63
EPS (Diluted)3.35
NAV (₹ per share)35.85
P/E (x)14.98
RoNW (%)10.15
P/BV Ratio1.46
Financial statementsStandalone
Company NameManaksia Coated Metals & Industries Ltd.
EPS (Basic)4.25
EPS (Diluted)4.18
NAV (₹ per share)32.46
P/E (x)31.03
RoNW (%)11.96
P/BV Ratio4.03
Financial statementsStandalone
Company NameShiv Aum Steels Ltd.
EPS (Basic)5.47
EPS (Diluted)5.47
NAV (₹ per share)88.86
P/E (x)98.54
RoNW (%)4.73
P/BV Ratio6.13
Financial statementsStandalone
IPO Reservation
| QIB | 1,11,62,012 |
| − Anchor Investor | 65,97,500 |
| − QIB (Ex. Anchor) | 45,64,512 |
| NII (HNI) | 33,48,603 |
| − bNII > ₹10L | 22,32,402 |
| − sNII < ₹10L | 11,16,201 |
| Retail | 78,13,409 |
| Total | 2,23,24,024 |
QIB
1,11,62,012
− Anchor Investor
65,97,500
− QIB (Ex. Anchor)
45,64,512
NII (HNI)
33,48,603
− bNII > ₹10L
22,32,402
− sNII < ₹10L
11,16,201
Retail
78,13,409
Total
2,23,24,024
Information about company
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.
As of June 30, 2026, the Company had 164 personnel, comprising 160 permanent employees and 4 employees on retainership.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Repayment/pre-payment, in full or in part, of certain borrowings availed by Company
2: Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd.
3: General Corporate Purposes
: Total
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