Bombay Coated and Special Steels IPO: dates, price band, lot size and GMP
Bombay Coated and Special Steels IPO opens 29 Oct – 2 Nov 2026 on the Mainboard, price band Band awaited, lot size awaited, no GMP reported yet. Allotment 3 Nov, listing 5 Nov.
Listing date: Bombay Coated and Special Steels IPO is scheduled to list on 5 Nov on NSE, BSE.
Updated 22 Oct 2026, 14:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 214 IPOs on its calendar; the Bombay Coated and Special Steels IPO has a price band of Band awaited, a lot of — shares and no grey-market premium reported yet as of 22 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 29 Oct – 2 Nov 2026 |
| Price band | Band awaited |
| Issue size | ₹183.06 Cr |
| Fresh issue | ₹183.06 Cr |
| Subscription | — |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 29 Oct
- Issue closes: 2 Nov
- Allotment: 3 Nov
- Refunds: 4 Nov
- Demat credit: 4 Nov
- Listing: 5 Nov
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Promoter holding pre-issue | 97.78% |
| Promoters | Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta, Bhawna Nitin Gupta |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | einward.ris@kfintech.com |
| Company website | bcsspl.in |
| Anchor bid date | 28 Oct 2026 |
| Anchor lock-in ends (50%) | 3 Dec 2026 |
| Anchor lock-in ends (remaining) | 1 Feb 2027 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not more than 50% of the Issue |
| NII (HNI) | — | — | Not less than 15% of the Issue |
| Retail | — | — | Not more than 35% of the Issue |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹7.54 |
|---|---|
| RoNW | 25.12% |
| RoCE | 16.4% |
| RoE | 29.92% |
| PAT margin | 2.41% |
| EBITDA margin | 6.8% |
| NAV per share | ₹30.41 |
| Debt / equity | 2.78 |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 526.11 | 571.47 | 458.21 | 350.21 | +24.7% |
| Total Income | 397.55 | 1,269.83 | 1,058.65 | 765.41 | +19.9% |
| Profit After Tax | 15.08 | 30.54 | 28.67 | 21.14 | +6.5% |
| EBITDA | 32.17 | 86.09 | 74.09 | 49.17 | +16.2% |
| NET Worth | 136.62 | 121.58 | 83.05 | 54.36 | +46.4% |
| Reserves and Surplus | 96.12 | 81.08 | 73.15 | 44.46 | +10.8% |
| Total Borrowing | 273.69 | 338.45 | 276.96 | 234.16 | +22.2% |
About Bombay Coated and Special Steels
Bombay Coated & Special Steels is one of India's leading steel processing centres. Its main business is converting steel coils into high-quality processed steel products like slit coils, blanks, and sheets. The company specializes in slitting, cut-to-length, shearing, and embossing.
Its products are used by Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) across various industries, including home and commercial appliances (like air conditioners, refrigerators, washing machines, water heaters), and general engineering (such as automotive components, electrical parts, cleanrooms, and ventilation systems).
The company has been an authorised service partner of JSW Steel Coated Products Limited since 2021, from whom it source steel coils. It also buy from other suppliers and process the material using modern machinery to meet customer specifications.
The company has processing units in Wada, Bhiwandi, Ghiloth and Sricity, covering 42,209 sq. meters. Its Rajasthan unit is GEM 4-certified for green manufacturing. The company's current installed capacity for slitting, cut-to-length, shearing, and embossing stood at 350,411 MTPA.
As of July 31, 2025, its workforce comprised 153 permanent employees.
Objects of the issue
- 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 Purposes
Net proceeds: ₹140.77 Cr
Peer comparison
| Company | 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 | 14.98x | 10.15% | 1.46 | Standalone |
| Manaksia Coated Metals & Industries Ltd. | 4.25 | 4.18 | 32.46 | 31.03x | 11.96% | 4.03 | Standalone |
| Shiv Aum Steels Ltd. | 5.47 | 5.47 | 88.86 | 98.54x | 4.73% | 6.13 | Standalone |
Source: The above information for listed industry peers is standalone basis and is sourced from the financial statements of the respective company for the year ended March 31, 2026, submitted to stock exchanges. Industry Peer are as identified by management of the company. Notes: The basic and diluted EPS refers to the basic and diluted EPS sourced from the financial statements of the peer group entities respectively for the year ended March 31, 2026.
Strengths (per the offer document)
- Established relationship with JSWSCPL Steel for supply of Steel Coils — Our Company has been an authorised service partner of JSW Steel Coated Products Limited and/or its holding Company (“JSWSCPL”) since 2021.
- Long-standing relationships with customers, including OEMs and ODMs — We have established long-standing relationships with a diverse set of customers.
- Home & Commercial Appliances — Air Conditioner 1,953.16 39.74 4,885.99 46.28 2,041.42 27.03 1,456.29 24.65 Commercial 1,139.82 23.19 2,274.92 21.55 2,317.13 30.68 1,810.09 30.63 Refrigeration Home Refrigeration 868.12 17.66…
- General Engineering — Automotive 292.54 5.95 537.06 5.09 574.10 7.60 798.97 13.52 Electrical 240.13 4.89 431.49 4.09 406.11 5.38 419.50 7.10 Equipments Consumer Durables 141.00 2.87 296.92 2.81 335.33 4.44 195.92 3.32…
- Strategically Located Manufacturing Network Enabling Just-in-Time Supply and Cost-Efficient Operations — We operate as a multi-location steel processing centre with manufacturing facilities located at Wada, Bhiwandi, Ghiloth and Sri City in India.
- Bhiwandi Facility Sri City Facility — The strategic locations of our Manufacturing Facilities enable cost and logistical advantages being in proximity to manufacturing plants of our customers and facilitating the servicing of our…
- Integrated and Advanced Steel Processing Infrastructure — We have established an integrated and advanced steel processing infrastructure comprising high-precision slitting, cut-to- length, shearing and embossing lines.
- High Entry Barriers Driven by Authorised Supplier Arrangements, Capital Intensity and Customer Approvals — Our business operates in a segment characterised by high entry barriers, arising from specialised supplier arrangements, capital-intensive steel processing infrastructure, long customer approval…
Risk factors (as disclosed by the company)
- We derived 68.31% and 67.44%, 67.43% and 68.21% of our revenue from our top ten customers for six months period ended September 30, 2025
- Our business is significantly dependent on the performance of certain end-use sectors, particularly the Home & Commercial Appliances sector
- We derive our revenue from operations from customers located across fourteen (14) states and two (2) union territories in India — Sr. Description of Risk in our operations in these states, whether due to internal or external factors, could restrict our operations and have an adverse effect on our business, results of…
- We are substantially dependent on a single supplier, JSW Steel Coated Products Limited ("JSWSCPL"), for the supply of steel coils
- Under-utilisation of our manufacturing capacities over extended periods, or significant under-utilisation in the short term
- Our manufacturing facilities are geographically dispersed across specific regions in India
- We have experienced certain discrepancies in our statutory filings with the Registrar of Companies ("RoC") and other non-compliances under the Companies Act
- We do not have long-term purchase commitments from our customers, and any reduction, cancellation or non- renewal of orders could adversely affect our business
From the DRHP (strengths pages 217–223, risk factors pages 36–37). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- Bombay Coated and Special Steels IPO GMP today and trend
- Bombay Coated and Special Steels IPO subscription status, day by day
- Bombay Coated and Special Steels IPO allotment status and how to check
Frequently asked questions
When does the Bombay Coated and Special Steels IPO open and close?
The issue is scheduled for 29 Oct – 2 Nov 2026.
What is the Bombay Coated and Special Steels IPO price band?
The price band is Band awaited per share.
How big is the Bombay Coated and Special Steels IPO?
The total issue size is ₹183.06 Cr.
When will Bombay Coated and Special Steels list?
The tentative listing date is 5 Nov on the main board.
How do I apply for the Bombay Coated and Special Steels IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Bombay Coated and Special Steels · as filed with SEBI · nsearchives.nseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 3 Nov · ipostatus.kfintech.com
- NSE public issues page · listing 5 Nov · nseindia.com
- BSE public issues page · listing 5 Nov · bseindia.com
- Bombay Coated and Special Steels company website · bcsspl.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 22 Oct, 05:40 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Bombay Coated and Special Steels IPO”, https://buyunlistedshares.com/ipo/bombay-coated-and-special-steels-ipo, as of 22 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 22 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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