Bombay Coated IPO will open for subscription on October 29, 2026, giving investors an opportunity to invest in a steel processing company through a ₹183.06 crore public issue.
The IPO will close on November 2, with shares scheduled to list on the BSE and NSE on November 5, 2026.
The company has fixed its price band at ₹78 to ₹82 per equity share. Investors can apply for a minimum of 182 shares, making the minimum investment ₹14,924 at the upper end of the price band.
Bombay Coated IPO Dates, Price Band and Lot Size
The Bombay Coated and Special Steels IPO is an entirely fresh issue of equity shares. This means the proceeds will go to the company rather than to existing shareholders selling their stakes.
Here are the key details investors should know before applying:
Issue size: ₹183.06 crore
Price band: ₹78–₹82 per share
Lot size: 182 shares
Minimum retail investment: ₹14,924 at the upper price
IPO opening date: October 29, 2026
IPO closing date: November 2, 2026
Expected allotment date: November 3, 2026
Expected listing date: November 5, 2026
Exchanges: BSE and NSE
Registrar: KFin Technologies
Book-running lead manager: Smart Horizon Capital Advisors
The allotment, refund and listing dates are scheduled dates and may be subject to official updates.
What Is the Latest Bombay Coated IPO GMP?
Grey market premium, or GMP, refers to the unofficial premium at which IPO shares are reportedly traded before their stock market listing.
It is not an official exchange price and does not guarantee the listing price or an investor’s returns.
As the IPO approaches its opening date, GMP figures may change from day to day. Investors should treat these figures cautiously and avoid making decisions based only on unofficial market quotes.
The company’s price band and minimum application size provide a more concrete basis for understanding the amount needed to apply.
Investors should also review the offer document, business performance, debt position and intended use of the IPO proceeds.
How Will Bombay Coated Use the IPO Money?
Bombay Coated and Special Steels plans to use ₹125 crore from the IPO proceeds to repay or prepay certain borrowings. This is the largest planned use of the funds and is intended to reduce the company’s outstanding debt.
Another ₹15.7 crore is earmarked for acquiring capital equipment under existing lease arrangements with Siemens Financial Services.
The remaining proceeds will be used for general corporate purposes.
Because the issue consists entirely of fresh shares, the funds raised will support the company’s financial and operational requirements.
Investors may want to assess whether the planned debt reduction improves the company’s financial position and how much borrowing remains after repayment.
Company Business and Financial Performance
Bombay Coated and Special Steels was incorporated in 2019 and operates as a steel processing centre.
It converts steel coils into value-added products through processes such as slitting, shearing, embossing and cut-to-length processing.
Its products serve industries including automotive, home appliances, electrical equipment, refrigeration, infrastructure and general engineering.
The company operates manufacturing facilities in Maharashtra, Rajasthan and Andhra Pradesh.
For the financial year ended March 2026, the company reported revenue from operations of ₹1,266.8 crore, up from ₹1,055.7 crore in FY25.
Net profit increased to ₹30.5 crore from ₹28.67 crore over the same period.
For the quarter ended June 2026, revenue stood at approximately ₹397.1 crore, while net profit was around ₹15.1 crore.
These figures provide a snapshot of the company’s recent performance, although past financial results do not guarantee future growth.
What Should Investors Check Before Applying?
Investors should look beyond the issue size and GMP when assessing the Bombay Coated IPO.
Important factors include the company’s debt, profit margins, customer concentration, dependence on suppliers and its ability to maintain demand for processed steel products.
The planned repayment of ₹125 crore in borrowings is a key part of the offer, but investors should review the official offer document to understand the company’s full financial position and risk factors.
The minimum retail application costs ₹14,924 at the upper price band, based on one lot of 182 shares.
Before applying, investors should confirm the final issue details through official exchange and IPO documents and consider their own financial circumstances and risk tolerance.
