Bombay Coated & Special Steels IPO Details
Bombay Coated & Special Steels IPO Summary
Bombay Coated & Special Steels IPO opens for subscription on 29 Oct 2026 and closes on 02 Nov 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 05 Nov 2026.
Bombay Coated & Special Steels IPO price band has been fixed at ₹78 – ₹82 per share. The face value is ₹10 per share with a lot size of 182.
Bombay Coated & Special Steels IPO total issue size comprises 2,23,24,024 shares (aggregating up to ₹183.06 Cr). This includes a fresh issue of 2,23,24,024 shares (aggregating up to ₹183.06 Cr). Pre-issue shareholding stands at 4,05,00,091, which will increase to 6,28,24,115 post-issue.
Bombay Coated & Special Steels IPO carries a ₹9 (10.98%) GMP, reflecting investor sentiment.
Bombay Coated & Special Steels IPO Lot Size :Retail Minimum is 1 lot (182 shares) amounting to ₹14,924. Retail Maximum is 13 lots (2,366 shares) amounting to ₹1,94,012. SHNI Minimum is 14 lots (2,548 shares) amounting to ₹2,08,936. SHNI Maximum is 67 lots (12,194 shares) amounting to ₹9,99,908. BHNI Minimum is 68 lots (12,376 shares) amounting to ₹10,14,832.
Bombay Coated & Special Steels IPO Details
Bombay Coated & Special Steels IPO Subscription
Bombay Coated & Special Steels IPO Application Wise Breakup (Approx)
Bombay Coated & Special Steels IPO Dates
- 29 Oct 2026Opening dateOpen
- 02 Nov 2026Closing dateClose
- 03 Nov 2026Allotment Date Allotment
- 04 Nov 2026Initiation of RefundsRefund
- 04 Nov 2026Credit of SharesCredit
- 05 Nov 2026Listing dateListing
Bombay Coated & Special Steels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2366 | ₹1,94,012 |
| SHNI Minimum | 14 | 2548 | ₹2,08,936 |
| SHNI Maximum | 67 | 12194 | ₹9,99,908 |
| BHNI Minimum | 68 | 12376 | ₹10,14,832 |
Bombay Coated & Special Steels IPO Reservation
Promoter Holding
Documents
Bombay Coated & Special Steels IPO Valuations
Bombay Coated & Special Steels Financial Information
| Period Ended | 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 |
| Amount in ₹ Crore | ||||
About Bombay Coated & Special Steels IPO
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre engaged in converting 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 to manufacture 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. In addition to processing steel coils, the Company provides logistics and inventory management services and supports customers through just-in-time delivery solutions.
The Company operates four strategically located manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. Spread across an aggregate area of 42,209 square metres, these facilities are equipped with slitting, cut-to-length, shearing and embossing lines. The Company has an authorised service partnership with JSW Steel Coated Products Limited (“JSWSCPL”) and/or its holding company since 2021, supporting regular access to steel coils. As of June 30, 2026, its aggregate installed processing capacity was 1,23,153 metric tonnes per annum, calculated on a quarterly basis for Fiscal 2027.
The Company serves a diversified customer base 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.
As of June 30, 2026, the Company had 164 personnel, comprising 160 permanent employees and 4 employees on retainership.
Strength Of Bombay Coated & Special Steels IPO
- Established relationship with JSWSCPL Steel for supply of Steel Coils.
- Long-standing relationships with customers, including OEMs and ODMs.
- Strategically Located Manufacturing Network Enabling Just-in-Time Supply and Cost-Efficient Operations.
- Integrated and Advanced Steel Processing Infrastructure.
- High Entry Barriers Driven by Authorised Supplier Arrangements, Capital Intensity and Customer Approvals.
- Experienced Promoters and professional management team.
Risk Of Bombay Coated & Special Steels IPO
- The company deriveds 68.31% and 67.44%, 67.43% and 68.21% of its revenue from its top ten customers for six months period ended September 30, 2025, and for the Fiscals 2025, 2024 and 2023, respectively. The loss of any of these customers or reduction in business from such will have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The cost of raw materials and components consumed accounted for 85.32%, 92.97%, 89.14% and 92.38% of its total expenses for the six months period ended September 30, 2025 and for Fiscals 2025, 2024 and 2023, respectively. Any volatility in prices, unavailability, or disruption in the timely and adequate supply of steel coils may materially and adversely affect the company's business, results of operations, financial condition and cash flows.
- The company's business is significantly dependent on the performance of certain end-use sectors, particularly the Home & Commercial Appliances sector, which contributed 82.70%, 81.80%, 77.41% and 73.54% of its revenue from sale of products for the six months period ended September 30, 2025, and for Fiscals 2025, 2024 and 2023, respectively. Any adverse developments, slowdown, reduced demand, or cyclicality affecting this sector could have a material adverse effect on the company's business, results of operations, financial condition and cash flows.
- The company derives the company's revenue from operations from customers located across fourteen (14) states and two (2) union territories in India, on average more than 70% of its revenue from operations for the six months period ended September 30, 2025 and last three Fiscals was derived from Maharashtra, Gujarat and Haryana. Any disruption in our operations in these states, whether due to internal or external factors, could restrict the company's operations and have an adverse effect on its business, results of operations and financial condition.
- the company is substantially dependent on a single supplier, JSW Steel Coated Products Limited and/or its holding Company ("JSWSCPL"), for the supply of steel coils, which constitute a key raw material for its operations. For the six months ended period September 30, 2025, and for the Fiscal 2025, Fiscal 2024 and Fiscal 2023, the company sourced approximately 83.99% and 90.61%, 84.58% and 81.77%, respectively, of its total steel coil requirements from JSWSCPL. This high level of supplier concentration exposes the company to significant risks, and any disruption in the supply of steel coils from JSWSCPL could materially and adversely affect the company's business, results of operations and financial condition.
- Under-utilisation of its manufacturing capacities over extended periods, or significant under-utilisation in the short term, could increase the company's cost of production and operating costs, which could adversely affect its operating leverage, margins and financial performance.
- The company's manufacturing facilities are geographically dispersed across specific regions in India, and any disruption to the operations of these facilities or adverse developments affecting such regions could materially and adversely affect its business, financial condition and results of operations.
- The company has experienced certain discrepancies in the company's statutory filings with the Registrar of Companies ("RoC") and other non-compliances under the Companies Act, 2013 in the past. The company cannot assure that regulatory authorities will not initiate inquiries, proceedings or other actions against the company in the future. Any such proceedings or actions, if initiated, may result in the imposition of penalties, fines or other regulatory measures, which could adversely affect its business, financial condition, results of operations and reputation.
- The company does not have long-term purchase commitments from the company's customers, and any reduction or cancellation of orders could adversely affect its business, results of operations, financial condition and cash flows.
- The company's business requires significant working capital, and any inability to arrange or maintain adequate working capital may adversely affect its business, results of operations, financial condition and cash flows.
Objectives Bombay Coated & Special Steels IPO
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company
2. Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited; and
3. General corporate purposes
Company Contact Details
Bombay Coated & Special Steels Ltd.
2602, Parinee I,
7-A Shah Industrial Estate,
Andheri (West),
Mumbai, Maharashtra, 400053
Phone: +91 22 4664 9193
Email: compliance@bcsspl.in
Website: http://www.bcsspl.in/
Registrar Contact Details
Bombay Coated & Special Steels FAQs
The Bombay Coated & Special Steels IPO is a MAINBOARD public issue comprising 22324024 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹183.06 Cr. The issue price has been fixed at ₹82 per equity share, and the minimum application size is 182 shares.
The IPO opens for subscription on 29 Oct 2026, and closes on 02 Nov 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹9 (10.98%).
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