Bombay Coated & Special Steels IPO Price: ₹78 to ₹82 per share
IPO Dates: 29 Oct to 2 Nov, 2026
Company Overview
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre that converts 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.
Product Portfolio and Applications
The Company manufactures 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.
Manufacturing Infrastructure
The Company operates four manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. These facilities cover an aggregate area of 42,209 square metres and are equipped with slitting, cut-to-length, shearing and embossing lines. As of June 30, 2026, the Company’s aggregate installed processing capacity was 1,23,153 metric tonnes per annum, calculated on a quarterly basis for Fiscal 2027.
Customer Base and Services
The Company serves customers 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.
In addition to steel processing, the Company provides logistics and inventory management services and supports customers through just-in-time delivery solutions.
Strategic Partnership
Since 2021, the Company has had an authorised service partnership with JSW Steel Coated Products Limited (JSWSCPL) and/or its holding company, supporting regular access to steel coils.
Workforce
As of June 30, 2026, the Company had 164 personnel, comprising 160 permanent employees and four employees on retainership.
Competitive Strengths
- High entry barriers in steel processing.
- Growing processing capacity.
- Integrated steel processing infrastructure.
- Strategically located manufacturing network.
- Long-standing customer relationships.
- Established relationship with JSWSCPL.
Bidding Starts In
Bombay Coated & Special Steels Limited IPO Specifics:
| IPO Date | 29 Oct to 2 Nov, 2026 |
| Listing Date | Thu, Nov 5, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹82 |
| Lot Size | 182 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,23,24,024 shares (agg. up to ₹183 Cr) |
| Fresh Issue | 2,23,24,024 shares (agg. up to ₹183 Cr) |
| Share Holding Pre Issue | 4,05,00,091 shares |
| Share Holding Post Issue | 6,28,24,115 shares |
Bombay Coated & Special Steels Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Oct 29, 2026 |
| IPO Close | Mon, Nov 2, 2026 |
| Allotment | Tue, Nov 3, 2026 |
| Refund | Wed, Nov 4, 2026 |
| Credit of Shares | Wed, Nov 4, 2026 |
| Listing | Thu, Nov 5, 2026 |
Bombay Coated & Special Steels Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 182 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2,548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12,194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12,376 | ₹10,14,832 |
Bombay Coated & Special Steels Limited IPO 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 |
Bombay Coated & Special Steels Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
Key Performance Indicator-Bombay Coated & Special Steels Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 11.65% | 29.92% |
| ROCE | 7.01% | 16.40% |
| Debt/Equity | 2.00 | 2.78 |
| RoNW | 11.03% | 25.12% |
| PAT Margin | 3.80% | 2.41% |
| EBITDA Margin | 8.10% | 6.80% |
| NAV | 33.73 | 30.41 |
| P/B (x) | – | 2.70 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.54 | 9.60 |
| P/E (x) | 10.88 | 8.54 |
| Market Cap at Offer Price | ₹332.10 Cr. | ₹515.16 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Bombay Coated & Special Steels Limited IPO RHP
Kaashika is a social media strategist and financial content creator at Lakshmishree. She specialises in simplifying complex IPO and stock market concepts into clear, easy-to-understand content. Having created over 500+ pieces of financial content across reels, blogs, website posts and digital creatives, Kaashika helps audiences connect with the world of finance in a more accessible and engaging way.
