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Bombay Coated and Special Steels IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Upcoming

Mainboard

PRICE BAND

Rs 78 - 82

LOT SIZE

182

Shares

MIN INVEST

Rs 14,924

CUT-OFF

Rs 82

per share

Open

29 Oct 2026

Last Day

02 Nov 2026

Allotment

03 Nov 2026

Expected Refund

04 Nov 2026

Listing

05 Nov 2026

GMP Today

5m ago

+9.8%

+Rs 8 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 90

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 1,456

+9.8% (182 shares)

Subscription

-

Not open

Sub. Page
IPOGyani AI Engine - Live Prediction
+6.8%

Range: +2.8% to +10.8%

Confidence: Moderate - 54%

Confidence Score - 54%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 54/100📊 Sub 0x🏭 Steel Processing
Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1

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Current IPO Status: upcoming

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About Bombay Coated and Special Steels

Steel Processing

Incorporated in December 2019, the company operates four manufacturing facilities located at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. The facilities cover an aggregate area of 42,209 square metres. As of June 30, 2026, its installed processing capacity was 123153 metric tonnes per annum and it had 164 personnel, including 160 permanent employees and 4 employees on retainership. The company has an authorised service partnership with JSW Steel Coated Products Limited and serves customers including Haier Appliances India, IFB Refrigeration, Dixon Electro Manufacturing, Amber Enterprises India and Western Refrigeration. [Source](https://www.bcsspl.in/about-us)

IPO_DETAILS_LONG: Bombay Coated and Special Steels IPO is a mainboard book-built issue of 22324024 equity shares with a face value of ₹10 per share. The price band is ₹78 to ₹82 per share. The IPO opens on October 29, 2026 and closes on November 2, 2026. Allotment is expected on November 3, refunds and demat credit on November 4, and listing on November 5, 2026 on BSE and NSE. The issue is entirely a fresh issue aggregating up to ₹183.06 crore, with no offer for sale. At the upper price band, the post-issue market capitalisation is ₹515.16 crore. Net proceeds are intended for repayment or prepayment of borrowings, acquisition of capital equipment under existing lease arrangements with Siemens Financial Services, and general corporate purposes. The company plans to use ₹125 crore for borrowings and ₹15.77 crore for leased capital equipment.

Issue Details

Total Issue Size

Rs 183 Cr

Issue Size for Retail

Rs 64.07 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 183.06 Cr (100%)

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Smart Horizon Capital Advisors Pvt. Ltd.

Registrar

KFin Technologies Limited

Objects of the Issue (as per DRHP)

  • 1Repayment or prepayment of certain borrowings availed by the company: 125.00 Cr
  • 2Acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt. Ltd.: 15.77 Cr
  • 3General Corporate Purposes: balance of net proceeds after the above specified objects and issue expenses

Key Performance Indicator (KPI)

KPIJun 30, 2026Mar 31, 2026
ROE11.65%29.92%
ROCE7.01%16.40%
Debt/Equity2.002.78
RoNW11.03%25.12%
PAT Margin3.80%2.41%
EBITDA Margin8.10%6.80%
Price to Book Value2.70
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)7.549.60
P/E (x)10.888.54
Promoter Holding97.78%63.03%
Market CapRs 515.16 Cr.

Vijaykumar Himatrai Gupta; Nitin Vijaykumar Gupta; Bhawna Nitin Gupta

Bombay Coated and Special Steels Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income765.411,058.651,269.83
Net Profit (PAT)21.1428.6730.54
EBITDA49.1774.0986.09
Borrowings234.16276.96338.45
ROENANA29.92%
ROCENANA16.4%
Debt/EquityNANA2.78
Assets350.21458.21571.47

Company Financials

Financial charts load as you reach this section.

MARKET SENTIMENT SCORE

0
50
100
54
Neutral

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

Expert reviews for Bombay Coated and Special Steels IPO will appear here once available.

Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.

Peer Comparison

Comparing with 3 listed peers
IPO P/E Ratio
8.54x
vs Peer Avg: 48.2x
IPO Market Cap
Rs 515 Cr
Peer Avg: 0 Cr
IPO ROE
NA
CompanyMarket CapRevenuePATP/EROE
BC
Bombay Coated and Special SteelsIPO
Rs 515 CrRs 1269.83 CrRs 30.54 Cr8.54x29.92%
BMW Industries Limited-664.07 Cr81.63 Cr14.98x10.15%
Manaksia Coated Metals & Industries Limited-884.46 Cr40.97 Cr31.03x11.96%
Shiv Aum Steels Limited-537.24 Cr7.44 Cr98.54x4.73%
Peer Average-695.26 Cr43.35 Cr48.2x8.9%

Quick Analysis

  • Bombay Coated and Special Steels's P/E of 8.54x is lower than the peer average of 48.2x, suggesting relatively attractive valuation.
  • ROE of 29.92% is above peer average (8.9%), indicating better return on equity.
  • Market cap post-listing would place Bombay Coated and Special Steels above peer average in terms of size.

* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.

Company Contact Details

2602, Parinee I, 7-A Shah Industrial Estate, Andheri (West), Mumbai, Maharashtra 400053
+91 22 4664 9193
[email protected]
Visit Website

Green Flags

  • Established steel processing operations serving multiple end-use industries.
  • Four manufacturing facilities across western, northern and southern India.
  • Installed processing capacity of 123153 metric tonnes per annum as of June 30, 2026.
  • Established customer relationships with OEMs and ODMs, including companies in appliances and automotive-related sectors.
  • Authorised service partnership with JSW Steel Coated Products Limited.
  • Revenue and PAT increased from FY25 to FY26 based on the restated financial figures.

Red Flags

  • The company has substantial borrowings of ₹338.45 crore as of March 31, 2026.
  • The IPO proceeds include ₹125 crore for repayment or prepayment of borrowings, indicating debt reduction is a key use of funds.
  • Steel coil processing depends on raw material availability and steel price movements.
  • Customer concentration and reliance on key suppliers should be reviewed in the RHP before investing.
  • The business has relatively thin reported PAT margins, at 2.41% for FY26 and 3.80% for the quarter ended June 30, 2026.
  • === END ===

IPO Lot Size

Investors can bid for a minimum of 182 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)1182₹14,924
S-HNI (Min)142,548₹2,08,936
B-HNI (Min)6812,376₹10,14,832

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Frequently Asked Questions

What is the price band of Bombay Coated and Special Steels IPO?

The price band is Rs 78-82 per share. One lot contains 182 shares; its value at the upper price is Rs 14,924. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Bombay Coated and Special Steels IPO?

The scheduled bidding period is 29 Oct 2026 to 2 Nov 2026.

When is Bombay Coated and Special Steels IPO scheduled to list?

The scheduled listing date is 5 Nov 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Bombay Coated and Special Steels IPO?

KFin Technologies Limited is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Bombay Coated and Special Steels IPO?

Lead manager information recorded for this issue: Smart Horizon Capital Advisors Pvt. Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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