
Metals & Mining · NSE / BSE
Bombay Coated and Special Steels Limited, incorporated in 2019, operates as a steel processing centre that converts steel coils into value-added products through precision slitting, cut-to-length processing, shearing and embossing. The company acts as an intermediary between primary steel producers and end-users, supplying Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the home appliances, commercial appliances and general engineering sectors. Since 2021, it has served as an authorised service partner of JSW Steel Coated Products Limited, supporting a reliable supply of steel coils for its processing operations. The company operates four manufacturing facilities in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh, with a combined installed processing capacity exceeding 1,23,000 metric tonnes per annum (MTPA) as of June 30, 2026. Its facilities are ISO 9001:2015 certified, with selected plants also holding green certifications. Bombay Coated and Special Steels serves a diversified customer base that includes Amber Enterprises India Limited, Western Refrigeration Private Limited, Haier Appliances India Private Limited and PG Technoplast Private Limited, among others. Its growth strategy includes diversifying into additional end-user industries, expanding its Ghiloth facility and strengthening its presence in domestic and international markets.
Price Band
₹78 – ₹82
Issue Size
₹183 Cr
Lot Size
182 shares
GMP
+12.2%
Est. Listing
₹92
at current GMP
Subscribed
2.85x
overall
Open
29 Oct 2026
Close
2 Nov 2026
Allotment
3 Nov 2026
Refund
4 Nov 2026
Demat Credit
5 Nov 2026
Listing
5 Nov 2026
Designated Registrar: Kfin Technologies Limited
Allotment Date
3 Nov 2026
Basis finalization
Refunds Initiate
4 Nov 2026
Mandate release
Demat Credit
5 Nov 2026
Shares in demat
Listing Debut
5 Nov 2026
Trading begins
Bombay Coated & Special Steels Limited is bringing an initial public offering (IPO) in the Metals & Mining sector with an aggregate issue size of ₹183.05 Crores. The shares are offered at a price band of ₹78 to ₹82 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 182 shares (approx. ₹14,924 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-11-05, while un-allotted funds or UPI block mandates will be released on 2026-11-04.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.