- Issue price
- ₹82per share
- Issue size
- ₹183.06 Cr
- Face value
- ₹10per equity share
- Lot size
- 182 sharesMin. ₹14,924 at the upper price
- Anchor biddingWed, 2026
- OpensThu, 2026
- ClosesMon, 2026
- AllotmentTue, 2026
- ListingThu, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 21 Oct 2026
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | — |
| Non-institutional investors (NII) | — | — | — |
| Qualified institutional buyers (QIB) | — | — | — |
| Anchor investors | — | — | — |
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Subscription
As of 2 Nov, 4:18 pm| Category | Shares offered | Shares bid | Times | Share of bids |
|---|---|---|---|---|
| Qualified institutional buyers (QIB) | 47,98,588 | 17,03,30,524 | 35.50× | 17.4% |
| Non-institutional investors (NII) | 35,20,327 | 55,50,95,086 | 157.68× | 56.8% |
| Big NII (above ₹10 lakh) | 23,46,885 | 43,07,09,916 | 183.52× | — |
| Small NII (₹2–10 lakh) | 11,73,442 | 12,43,85,170 | 106.00× | — |
| Retail individual investors | 82,14,097 | 25,24,93,150 | 30.74× | 25.8% |
| Total | 1,65,33,012 | 97,79,18,760 | 59.15× | — |
Times = shares bid ÷ shares offered in that category. Share of bids splits all shares bid (excluding anchor investors) by category.
How many applications get shares under SEBI's rules →
Source: NSE bid detailsUpdated
Valuation
FY 2025-26- EPS (basic)
- ₹7.64
- EPS (diluted)
- ₹7.64
- RoNW
- 25.12%
- NAV per share (March 31, 2026)
- ₹30.41
- Debt to equity
- 2.78×
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 397.08 | 1,266.82 | 1,055.71 | 755.26 |
| Total income | 397.55 | 1,269.83 | 1,058.65 | 765.41 |
| EBITDA | — | 86.09 | 74.09 | 49.17 |
| Profit after tax | 15.08 | 30.54 | 28.67 | 21.14 |
| Net worth | 136.62 | 121.58 | 83.05 | 54.36 |
| Reserves and surplus | 96.12 | 81.08 | 73.15 | 44.46 |
| Total assets | 526.11 | 571.47 | 458.21 | 350.21 |
| Total borrowing | 273.69 | 338.45 | 276.96 | 234.16 |
FY 2025-26 vs FY 2024-25: revenue +20.0%, profit after tax +6.5%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 21 Oct 2026Updated
About the company
The company runs steel processing centres that convert steel coils into value-added processed steel products such as slit coils, blanks and embossed blanks. It serves appliance and general engineering manufacturers, mainly OEMs and ODMs, and operates four manufacturing sites in Maharashtra, Rajasthan and Andhra Pradesh. Its main steel supplier is JSW Steel Coated Products Limited, under an authorised service partner arrangement.
- Incorporated
- 2019
- Industry
- Steel Processing (slitting, cut-to-length, shearing and embossing)
- Sector
- Metals and Mining
- CIN
- U27209MH2019PLC335077
- Website
- bcsspl.in
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Nitin Vijaykumar Gupta | 78.22% | — |
| Vijaykumar Himatrai Gupta | 9.78% | — |
| Bhawna Nitin Gupta | 9.78% | — |
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings | 125.00 |
| Financing purchase of leased capital equipment from Siemens Financial Services | 15.77 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| BMW Industries Limited | ₹3.63 | 14.98× | 10.15% | ₹35.85 |
| Manaksia Coated Metals & Industries Limited | ₹4.25 | 31.03× | 11.96% | ₹32.46 |
| Shiv Aum Steels Limited | ₹5.47 | 98.54× | 4.73% | ₹88.86 |
| Bombay Coated and Special Steels LimitedIssuer | ₹7.64 | — | 25.12% | ₹30.41 |
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing authorised service partner relationship with JSW Steel Coated Products for steel coil supply
- Four manufacturing sites across Maharashtra, Rajasthan and Andhra Pradesh near key customers
- Diversified OEM and ODM customer base across several appliance and engineering industries
- Experienced promoters with long years in the steel trading and processing business
Risks
- Heavy dependence on JSW Steel Coated Products for most of its steel coil supply
- Service partner agreement allows the supplier to terminate on three months' notice and imposes minimum purchase commitments
- Past filing discrepancies and pending adjudication with the Registrar of Companies
- High leverage with significant borrowings and working capital dependence
- Promoters hold most of the shares and the issue is largely a fresh issue to fund debt repayment
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 21 Oct 2026Updated
After listing
| Listing day | Open | High | Low | Close | Close vs issue price |
|---|---|---|---|---|---|
| 5 Nov 2026 | ₹92.02 | — | — | — | — |
Listing-day report: Bombay Coated and Special Steels IPO Listing: Shares Open at 12% Premium
Work out the gain or loss on allotted shares after charges and tax →
Source: Red Herring Prospectus dated 21 Oct 2026Updated
Frequently asked questions
When does the Bombay Coated and Special Steels IPO open and close?
According to the Red Herring Prospectus, the issue opens on Thursday, 29 October 2026 and closes on Monday, 2 November 2026.
What is the Bombay Coated and Special Steels IPO price band?
The final issue price is ₹82 per share.
What is the lot size of the Bombay Coated and Special Steels IPO?
One lot is 182 shares, which is ₹14,924 at ₹82 per share.
Where will Bombay Coated and Special Steels shares list?
On NSE and BSE. The tentative listing date is Thursday, 5 November 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Bombay Coated and Special Steels IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 3 November 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹125 Cr for repayment or prepayment of certain borrowings, ₹15.77 Cr for financing purchase of leased capital equipment from Siemens Financial Services, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.