BOMBAY COATED AND SPECIAL STEELS IPO
BOMBAY COATED AND SPECIAL STEELS is a MAINBOARD IPO with a current status of LISTED. The price band is 78 - 82 . The issue opens on 29 OCT and closes on 02 NOV. The listing date is 05 NOV.
Price Band
78 - 82
Unofficial GMP
₹9
Lot Size
1 shares
Minimum Investment
₹14,924
BOMBAY COATED AND SPECIAL STEELS IPO GMP
The latest available GMP is ₹9. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹91.00
Estimated Gain
+11.0%
BOMBAY COATED AND SPECIAL STEELS IPO GMP History
9
29 OCT
7
30 OCT
8.5
31 OCT
9
01 NOV
10
02 NOV
9
03 NOV
BOMBAY COATED AND SPECIAL STEELS IPO Details
- IPO Type
- MAINBOARD
- Status
- LISTED
- Price Band
- 78 - 82
- Issue Size
- 183 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹183.06 Cr
- Face Value
- 10
- Lot Size
- 1
- Minimum Investment
- 14,924
- Exchange
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- Smart Horizon Capital Advisors..
BOMBAY COATED AND SPECIAL STEELS IPO Dates
- Open Date
- 29 OCT
- Close Date
- 02 NOV
- Allotment Date
- 03 NOV
- Refund Date
- 04 NOV
- Demat Credit Date
- 04 NOV
- Listing Date
- 05 NOV
BOMBAY COATED AND SPECIAL STEELS IPO Subscription
- QIB
- 37.32x
- NII / HNI
- 166.44x
- Retail
- 35.46x
- Employee
- --
- Total Subscription
- 63.89x
BOMBAY COATED AND SPECIAL STEELS IPO Financials
Revenue
FY2026
₹1,267.00 Cr
+19.98% vs FY2025
PAT
FY2026
₹30.54 Cr
+6.52% vs FY2025
Total Assets
FY2026
₹571.00 Cr
+24.67% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 752 | 1,056 | 1,267 |
| Net Profit | 21.14 | 28.67 | 30.54 |
| Total Assets | 350 | 458 | 571 |
BOMBAY COATED AND SPECIAL STEELS IPO Valuation
- Market Cap (Post IPO)
- ₹515.16 Cr.
- EPS
- 9.60
- P/E Ratio
- 8.54
- Price to Book Value
- 2.70
- Industry P/E
- 48.18x
- ROE
- 29.92%
- ROCE
- 16.40%
- RONW
- 25.12%
- Debt / Equity
- 2.78%
- PAT Margin
- 2.41%
- EBITDA Margin
- 6.80%
- Valuation
- ATTRACTIVE
BOMBAY COATED AND SPECIAL STEELS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| BMW Industries | 664.07 Cr | ₹81.63 Cr | 3.35 | 14.98 | -- | 10.15% | 0.42 |
| Manaksia Coated Metals & Industries | ₹884.46 Cr | ₹40.97 Cr | ₹4.18 | 31.03 | -- | 11.96% | 1.13 |
| Shiv Aum Steels | ₹532.53 Cr | ₹7.44 Cr | ₹5.47 | 98.54 | -- | 4.73% | 0.78 |
BOMBAY COATED AND SPECIAL STEELS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2,366 | ₹1,94,012 |
| Small HNI | 14 | 2,548 | ₹2,08,936 |
| Big HNI | 68 | 12,376 | ₹10,14,832 |
BOMBAY COATED AND SPECIAL STEELS IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
BOMBAY COATED AND SPECIAL STEELS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 97.78%
- Post-IPO Promoter Holding
- 63.03
BOMBAY COATED AND SPECIAL STEELS Company Overview
Bombay Coated and Special Steels Limited, incorporated in 2019, is an India-based steel processing company engaged in converting steel coils into value-added processed steel products. The company provides precision slitting, cut-to-length processing, shearing and embossing services. Its product portfolio includes slit coils, embossed slit coils, steel blanks, embossed blanks and sheared blanks. The company primarily serves Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) across home appliances, automotive, electrical equipment, refrigeration, ventilation and general engineering industries. It operates four manufacturing facilities located in Wada and Bhiwandi (Maharashtra), Ghiloth (Rajasthan) and Sri City (Andhra Pradesh). The company has been an authorised service partner of JSW Steel Coated Products Limited since 2021.
BOMBAY COATED AND SPECIAL STEELS Business Model
Bombay Coated and Special Steels Limited is engaged in steel processing and value-added steel solutions. The company procures steel coils and processes them into customised products such as slit coils, cut-to-length sheets, embossed coils and steel blanks. Its key manufacturing processes include precision slitting, shearing, cut-to-length processing and embossing. The company primarily caters to OEMs and ODMs operating in the home appliances, automotive, electrical equipment, refrigeration, ventilation and general engineering sectors. The company operates four manufacturing facilities across Maharashtra, Rajasthan and Andhra Pradesh. It also has an authorised service partner relationship with JSW Steel Coated Products Limited. Its revenue model is primarily based on steel processing services and the sale of processed steel products to industrial customers.
BOMBAY COATED AND SPECIAL STEELS Objects of the Issue
1. Repayment or prepayment of certain outstanding borrowings – ₹125 crore. 2. Financing the acquisition cost of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited – ₹15.77 crore. 3. General Corporate Purposes.
BOMBAY COATED AND SPECIAL STEELS Strengths
1. Established partnership with JSW Steel Coated Products Limited since 2021. 2. Four strategically located manufacturing facilities across three states. 3. Advanced steel processing capabilities, including slitting, shearing, embossing and cut-to-length processing. 4. Established customer relationships with companies such as Haier, IFB, Dixon and Amber Enterprises. 5. Consistent revenue growth from FY2024 to FY2026. 6. Strong Return on Net Worth (RoNW) of approximately 25.12% in FY2026. 7. ISO 9001:2015 certified manufacturing facilities.
BOMBAY COATED AND SPECIAL STEELS Risks
1. High supplier concentration, with approximately 86.65% of FY2026 steel coil purchases sourced from JSW Steel Coated Products Limited. 2. High debt levels, with debt-to-equity of approximately 2.78 times in FY2026. 3. High dependence on the home and commercial appliances segment, contributing approximately 86.54% of FY2026 product revenue. 4. Exposure to fluctuations in steel prices and raw material procurement costs. 5. High working capital requirements and substantial trade receivables. 6. Dependence on existing customers for a significant portion of revenue. 7. Outstanding legal and regulatory proceedings involving the company and certain promoters/directors. 8. The authorised service partner agreement carries termination and minimum purchase commitment risks.
BOMBAY COATED AND SPECIAL STEELS Frequently Asked Questions
What is the BOMBAY COATED AND SPECIAL STEELS IPO price band?
The BOMBAY COATED AND SPECIAL STEELS IPO price band is 78 - 82 .
What is the latest BOMBAY COATED AND SPECIAL STEELS IPO GMP?
The latest available BOMBAY COATED AND SPECIAL STEELS IPO GMP in the IPOWEB database is ₹9. GMP is unofficial and does not guarantee a listing gain.
When does the BOMBAY COATED AND SPECIAL STEELS IPO open and close?
The BOMBAY COATED AND SPECIAL STEELS IPO opens on 29 OCT and closes on 02 NOV.
When is the BOMBAY COATED AND SPECIAL STEELS IPO allotment date?
The BOMBAY COATED AND SPECIAL STEELS IPO allotment date is 03 NOV.
When is the BOMBAY COATED AND SPECIAL STEELS IPO listing date?
The BOMBAY COATED AND SPECIAL STEELS IPO listing date is 05 NOV.
What is the BOMBAY COATED AND SPECIAL STEELS IPO subscription?
The latest total subscription available for the BOMBAY COATED AND SPECIAL STEELS IPO is 63.89x.