MARKET CLOSED
IPO
Bombay Coated & Special Steels IPO
mainboardupcomingRegistrar: KFin Technologies Limited · Listing 2026-11-05
IPO Timeline
Today · 24 Oct 2026
Today
24 Oct 2026
Opens
29 Oct 2026
Closes
02 Nov 2026
Allotment
03 Nov 2026
Refund
04 Nov 2026
Demat
04 Nov 2026
Listing
05 Nov 2026
Price Band
₹78–82
GMP
₹0
0%
Lot Size
182 Shares
Min ₹14,924
Subscription
0x
Issue Size
₹183 Cr
Open
2026-10-29
Close
2026-11-02
Listing
2026-11-05
About the company
GMP trend (Grey Market Premium by date)
Today₹0 (0%)
High₹0
Low₹0
Est. Listing₹82
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 23 Oct | ₹0 | ₹82 | 0 |
Strengths
- Strong Revenue Growth: The company’s revenue increased from ₹590.9 crore in FY23 to ₹1,055.7 crore in FY25, reflecting consistent business expansion.
- Established Supplier Relationship: The company has been an authorised service partner of JSW Steel Coated Products since 2021, supporting its steel coil sourcing and processing operations.
- Diversified Manufacturing Network: Its four manufacturing facilities across India support efficient steel processing and timely deliveries to customers.
- Long-Standing Customer Relationships: The company serves original equipment manufacturers (OEMs) and original design manufacturers (ODMs), including customers in the home and commercial appliance industries.
Risks
- High Supplier Concentration: The company sourced approximately 84% of its steel coil requirements from JSW Steel Coated Products in H1 FY26, making it vulnerable to supply disruptions.
- Customer Concentration Risk: Its top ten customers contributed around 67.44% of FY25 revenue, meaning the loss of major customers could significantly affect business performance.
- High Debt Levels: The company reported borrowings of approximately ₹270.9 crore as of September 2025, which could increase interest expenses and financial pressure.
- Thin Profit Margins: Despite revenue growth, the company operates with relatively low net profit margins, leaving earnings vulnerable to rising costs and pricing pressure.
Financial performance (₹ Cr)
IPO Roadmap / Timeline
Current Status · as of 24 Oct 2026
Pre-Open
Opens on 29 Oct 2026
IPO Opens
Upcoming29 Oct 2026Bidding starts for all investor categories
IPO Closes
Upcoming02 Nov 2026Last day to place your bid
Basis of Allotment
Upcoming03 Nov 2026Share allotment finalised
Refund Initiation
Upcoming04 Nov 2026Refunds credited for non-allottees
Credit to Demat
Upcoming04 Nov 2026Allotted shares credited to demat account
Listing on Exchange
Upcoming05 Nov 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
182 shares
Price / Share (upper)
₹82
Min Investment (1 lot)
₹14,924
Price Band
₹78–82
Retail
≤ ₹2,00,000
Min lots
1
Min shares
182
Min amount
₹14,924
Max amount
₹194,012
sHNI (Small HNI)
₹2L – ₹10L
Min lots
14
Min shares
2548
Min amount
₹208,936
Max amount
₹999,908
bHNI (Big HNI)
> ₹10L
Min lots
68
Min shares
12376
Min amount
₹1,014,832
Max amount
₹1,089,452
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 182 | ₹14,924 | 13 | ₹194,012 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 2548 | ₹208,936 | 67 | ₹999,908 | ₹2L – ₹10L |
| bHNI (Big HNI) | 68 | 12376 | ₹1,014,832 | 73 | ₹1,089,452 | > ₹10L |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹91.5 Cr
Shares offered
11,437,500
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹27.45 Cr
Shares offered
3,431,250
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹64.05 Cr
Shares offered
8,006,250
Shares bid
0
Subscribed
0.00x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 11,437,500 | 91.5 | 0 | 0.00x | 100% |
| NII | 15% | 3,431,250 | 27.45 | 0 | 0.00x | 100% |
| Retail | 35% | 8,006,250 | 64.05 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
Related IPOs
Learn about IPOs
View all articles →What is IPO GMP (Grey Market Premium)? A Complete Guide
Learn what Grey Market Premium (GMP) is, how it is calculated, and whether you should rely on it for your IPO investment decisions.
Read Guide →
Mainboard vs SME IPOs: What is the exact difference?
Understand the key differences between Mainboard IPOs and SME IPOs, including lot sizes, risk, regulatory requirements, and exchange platforms.
Read Guide →
How to Check Your IPO Allotment Status Quickly
A step-by-step guide on how to check if you received shares in an IPO, using PAN number, Application Number, or DP Client ID.
Read Guide →