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IPO Open

Thu, Oct 29, 2026

IPO Close

Mon, Nov 2, 2026

Price Band

To be declared

Market Cap

To be declared

IPO Details

  • IPO Date
    29 Oct to 2 Nov, 2026
  • Listing Date
    Thu, Nov 5, 2026(T)
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹183 Cr)
  • Fresh Issue
    [.] shares (agg. up to ₹183 Cr)
  • Share Holding Pre Issue
    4,05,00,091 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Oct 29, 2026
  • Allotment
    Tue, Nov 3, 2026
  • Credit of Shares
    Wed, Nov 4, 2026
  • IPO Close
    Mon, Nov 2, 2026
  • Refund
    Wed, Nov 4, 2026
  • Listing
    Thu, Nov 5, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Issue
Retail Not more than 35% of the Issue
NII Not less than 15% of the Issue

About Bombay Coated & Special Steels Ltd.

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

  • High Entry Barriers.
  • Growing Processing Capacity.
  • Integrated Steel Processing Infrastructure.
  • Strategically Located Manufacturing Network.
  • Long-Standing Customer Relationships.
  • Established Relationship with JSWSCPL.

Company Financials (Restated)

Bombay Coated & Special Steels Ltd.’s revenue increased by 20% and profit after tax (PAT) rose by 7% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

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

Note:-

Adjusted EBITDA is given in the financial statements.

Recently Listed IPOs in Iron & Steel Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
German Green Steel & Power Ltd. Mainboard ₹303.90 Cr ₹139 9.48 ₹128.33 -7.68% ₹104.79
A-One Steels India Ltd. Mainboard ₹405.00 Cr ₹405 21.76 ₹416.55 +2.85% ₹408.65
Jindal Supreme (India) Ltd. Mainboard ₹124.88 Cr ₹93 16.64 ₹126.00 +35.48% ₹150.02

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment/pre-payment, in full or in part, of certain borrowings availed by Company
    125.00
  • 2 Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited; and
    15.00
  • 3 General corporate purposes
  • Total
    140.77

KPI Sep 30, 2025 Mar 31, 2025
ROE 12.45% 41.76%
ROCE 9.07% 18.78%
Debt/Equity 2.88 3.33
RoNW 11.72% 34.54%
PAT Margin 2.24% 2.72%
EBITDA Margin 7.84% 7.02%
Pre IPO Post IPO
EPS (₹) 7.08
Promoter Holding 97.78%
Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta and Bhawna Nitin Gupta are the company promoters.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 97.78%
Public 2.22%
Total 100%

Company Promoters: Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta and Bhawna Nitin Gupta.

Bombay Coated and Special Steels IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Smart Horizon Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Bombay Coated & Special Steels Ltd. Address
2602, Parinee I
7-A Shah Industrial Estate
Andheri (West)
Mumbai, Maharashtra, 400053

IPO FAQs

Bombay Coated and Special Steels IPO is a main-board IPO of equity shares of the face value of ₹10 aggregating up to ₹183 Crores. The price band and the minimum order quantity are yet to be announced.

The IPO opens on Thu, Oct 29, 2026, and closes on Mon, Nov 2, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Bombay Coated and Special Steels IPO using UPI as a payment gateway. Angel One customers can apply in Bombay Coated and Special Steels IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Bombay Coated and Special Steels IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Bombay Coated and Special Steels IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Bombay Coated and Special Steels IPO opens on Thu, Oct 29, 2026 and closes on Mon, Nov 2, 2026.

Bombay Coated and Special Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Bombay Coated and Special Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Bombay Coated and Special Steels IPO will be done on Tuesday, November 3, 2026, and the allotted shares will be credited to your demat account by Wed, Nov 4, 2026. Check the Bombay Coated and Special Steels IPO allotment status.

The Bombay Coated and Special Steels IPO listing date is not yet announced. The tentative date of listing is Thu, Nov 5, 2026.

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