BC
Bombay Coated and Special Steels Limited IPO
Steel Processing Centre · Value-Added Slit Coils & Blanks · Mumbai, Maharashtra
📋 Mainline IPO
Fresh Issue Only
BSE, NSE
₹82
Upper Price
₹183.06 Cr
Issue Size
Nov 5, 2026
Listing Date
₹515.16 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Thursday, 29 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Monday, 2 November 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Tuesday, 3 November 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 4 November 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 5 November 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date29 October 2026 (Thu)
IPO Close Date2 November 2026 (Mon)
Listing Date5 November 2026 (Thu)
Face Value₹10 per share
Price Band₹78 to ₹82
Issue Price (Upper Band)₹82 per share
Issue TypeBookbuild IPO — Fresh Issue Only
Lot Size182 shares (Min App: 1 Lot / 182 Shares)
Total Issue Size2,23,24,024 shares (₹183.06 Cr)
Fresh Issue2,23,24,024 shares (₹183.06 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares4,05,00,091
Post-Issue Shares6,28,24,115
Promoter Holding (Pre → Post)97.78% → 63.03%
Market Cap (At Upper Band)₹515.16 Cr
Listing ExchangeBSE, NSE
Lead ManagerSmart Horizon Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹82| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 182 | ₹14,924 |
| Retail — Maximum | 13 | 2,366 | ₹1,94,012 |
| S-HNI (sNII) — Min | 14 | 2,548 | ₹2,08,936 |
| S-HNI (sNII) — Max | 67 | 12,194 | ₹9,99,908 |
| B-HNI (bNII) — Min | 68 | 12,376 | ₹10,14,832 |
⚠️ Note: Investors can bid for a minimum of 182 shares and in multiples thereof.
👥 Investor Reservation
Allocated portion of IssueMax 50%
QIB Portion
Max 35%
Retail Portion
Min 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 526.11 | 571.47 | 458.21 | 350.21 |
| Total Income | 397.55 | 1,269.83 | 1,058.65 | 765.41 |
| PAT | 15.08 | 30.54 | 28.67 | 21.14 |
| EBITDA (Adj.) | 32.17 | 86.09 | 74.09 | 49.17 |
| Net Worth | 136.62 | 121.58 | 83.05 | 54.36 |
| Reserves & Surplus | 96.12 | 81.08 | 73.15 | 44.46 |
| Total Borrowing | 273.69 | 338.45 | 276.96 | 234.16 |
Income Growth
FY 2023–24₹765.41 Cr
FY 2024–25₹1,058.65 Cr
FY 2025–26₹1,269.83 Cr
🎯 Key Performance Indicators
29.92%
ROE (Mar 26)
11.65% (Jun 26)
2.78
Debt/Equity (Mar 26)
2.00 (Jun 26)
16.40%
ROCE (Mar 26)
7.01% (Jun 26)
2.41%
PAT Margin (Mar 26)
3.80% (Jun 26)
6.80%
EBITDA Margin (Mar 26)
8.10% (Jun 26)
25.12%
RoNW (Mar 26)
11.03% (Jun 26)
2.70x
Price/Book
At upper price ₹82
₹30.41
NAV (Mar 26)
₹33.73 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹7.54
FY26 earnings + pre-issue shares
P/E: 10.88xPost-IPO EPS
₹9.60
Annualised post-issue basis
P/E: 8.54xPrice to Book Value
2.70x
At upper price band ₹82
Market Cap
₹515.16 Cr
At upper offer price ₹82
ℹ️
Pre-IPO EPS (₹7.54) relies on a pre-issue equity base of 4,05,00,091 shares and restated FY26 PAT of ₹30.54 Cr. Post-issue EPS (₹9.60) applies annualized Q1 FY27 earnings of ₹15.08 Cr to an expanded post-issue equity of 6,28,24,115 shares following the fresh issuance of 2,23,24,024 shares. Post-IPO Market Capitalisation reaches ₹515.16 Cr at the upper band.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Repayment/pre-payment, in full or in part, of certain borrowings availed by Company
₹125.00 Cr
2
Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd.
₹15.77 Cr
3
General Corporate Purposes
Balance
Total Net Proceeds Goal
₹140.77 Cr
🏢 About Bombay Coated & Special Steels Ltd.
Est. 2019 · Mumbai, Maharashtra · Value-Added Processed Steel ProductsBombay Coated and Special Steels Limited, incorporated in December 2019, is a dedicated 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 specializes in precision slitting, cut-to-length processing, shearing, and embossing to manufacture premium slit coils, embossed slit coils, blanks, and sheared blanks for multiple end-use industries including home and commercial appliances, automotive components, electrical equipment, and general engineering.
The company operates four strategically located manufacturing facilities across Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh, spread across an aggregate area of 42,209 square metres. Supported by an authorised service partnership with JSW Steel Coated Products Limited (JSWSCPL) since 2021, the firm maintains regular and highly reliable access to quality steel coils. As of June 30, 2026, its aggregate installed processing capacity stood at a robust 1,23,153 metric tonnes per annum. In addition to processing steel coils, the company provides critical logistics, inventory management services, and just-in-time delivery solutions to a marquee clientele including Haier Appliances, IFB Refrigeration, Dixon Electro Manufacturing, and Amber Enterprises, supported by a specialized workforce of 164 personnel.
Brand Ecosystem
⚙️
Value-Added Processing
Precision slitting, cut-to-length, and embossing of steel coils delivering customized slit coils and blanks.
🏭
Strategic Manufacturing
4 integrated facilities across Maharashtra, Rajasthan, and Andhra Pradesh spanning 42,209 sq.m.
🤝
JSWSCPL Partnership
Authorised service partnership with JSW Steel Coated Products Ltd ensuring highly reliable raw material access.
🌎
Marquee Clientele
Serving leading consumer durables and automotive OEMs like Haier, IFB Refrigeration, Dixon, and Amber Enterprises.
Competitive Strengths
🏆High entry barriers resulting from significant capital requirements and stringent OEM qualification processes.
📊Growing integrated steel processing capacity currently positioned at 1,23,153 MTPA across specialized lines.
🚚Strategically located manufacturing network enabling resilient just-in-time delivery and logistics for clients.
📈Strong financial performance with FY26 revenue rising 20% to ₹1,269.83 Cr alongside a remarkable 29.92% ROE.
Company Promoters
VG
Vijaykumar Himatrai Gupta & Nitin Vijaykumar Gupta
Promoters, Bombay Coated & Special Steels Ltd.
BG
Bhawna Nitin Gupta
Promoter, Bombay Coated & Special Steels Ltd.
📅 Key Dates
IPO Opens29 Oct 2026
IPO Closes2 Nov 2026
Allotment3 Nov 2026
Refund & Share Credit4 Nov 2026
Listing Day5 Nov 2026
💡 Quick Summary
Price Band₹78 – ₹82
Upper Price₹82 / share
Lot Size182 shares
Min. Investment (Retail)₹14,924 (1 Lot)
Issue Size₹183.06 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Smart Horizon Capital Advisors Pvt.Ltd.
📍 Registered Address
Bombay Coated & Special Steels Ltd.
2602, Parinee I, 7-A Shah Industrial Estate,
Andheri (West),
Mumbai, Maharashtra — 400053
📞 +91 22 4664 9193
[email protected]
2602, Parinee I, 7-A Shah Industrial Estate,
Andheri (West),
Mumbai, Maharashtra — 400053
📞 +91 22 4664 9193
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Bombay Coated and Special Steels IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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