Steel Processing & Coated Steel Products - Listed on 05 November 2026
Bombay Coated & Special Steels (Steel Processing & Coated Steel Products) closed its IPO window in 2026 and listed on NSE and BSE on 05 November 2026 at an upper band issue price of Rs 82, opening at Rs 91 for a listing gain of +11.0%. The IPO was subscribed 60.77x overall - QIB 35.50x, HNI/NII 158.32x, Retail 33.73x. The total issue size was Rs 183.06 Cr (Fresh Issue Rs 183.06 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Steel Processing & Coated Steel Products
Bombay Coated & Special Steels processes steel coils into slit coils, embossed slit coils, blanks and sheared blanks for appliance and industrial customers. The company operates steel processing facilities and serves manufacturers in sectors including home appliances and industrial products.
Issue structure, listing outcome and context
The ₹183.06 crore IPO was entirely a fresh issue of approximately 2.23 crore equity shares, priced at ₹82 per share at the upper end of the ₹78 to ₹82 price band. The issue was subscribed 60.77 times overall, with QIB, NII and retail portions subscribed 35.50 times, 158.32 times and 33.73 times respectively on Day 3. Shares listed on NSE at ₹91 on 5 November 2026, a 10.98% premium to the issue price. User-provided Day 3 GMP was 11% and IPOGyani AI prediction was 12.8%.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 9.02 | +11.00% |
| Day 2 | Rs 9.02 | +11.00% |
| Day 3 | Rs 9.02 | +11.00% |
| Day 4 | Rs 9.02 | +11.00% |
| Day 5 | Rs 9.02 | +11.00% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 1.8 pp (Highly accurate)
How the broader market moved around the Bombay Coated & Special Steels IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Bombay Coated & Special Steels IPO listed at +11.0% versus the upper issue price of Rs 82 on 05 November 2026.
Bombay Coated & Special Steels IPO was subscribed 60.77x overall. QIB portion was subscribed 35.50x, HNI / NII 158.32x and Retail 33.73x.
IPO GMP started at Rs 9.02 on Day 1 and moved to Rs 9.02 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.