IPO Details
| IPO Date | 29 Oct to 2 Nov, 2026 |
| Listing Date | Thu, Nov 5, 2026 |
| Face Value | 10 per share |
| Price Band | 78 to 82 |
| Lot Size | 182 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,23,24,024 shares (agg. up to ₹ 183 Cr) |
| Fresh Issue | 2,23,24,024 shares (agg. up to ₹ 183 Cr) |
| Share Holding Pre Issue | 4,05,00,091 shares |
| Share Holding Post Issue | 6,28,24,115 shares |
IPO Important Dates
| IPO Open | Thu, Oct 29, 2026 |
| IPO Close | Mon, Nov 2, 2026 |
| Allotment | Tue, Nov 3, 2026 |
| Refund | Wed, Nov 4, 2026 |
| Credit of Shares | Wed, Nov 4, 2026 |
| Listing | Thu, Nov 5, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2366 | ₹1,94,012 |
| S-HNI (Min) | 14 | 2548 | ₹2,08,936 |
| S-HNI (Max) | 67 | 12194 | ₹9,99,908 |
| B-HNI (Min) | 68 | 12376 | ₹10,14,832 |
Financial Information
| 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 |
Key Performance Indicator
| ROE | 11.65% |
| ROCE | 7.01% |
| Debt/Equity | 2.00 |
| RoNW | 11.03% |
| PAT Margin | 3.80% |
| EBITDA Margin | 8.10% |
| NAV | 33.73 |
| P/B (x) | |
Peers Comparison
| Bombay Coated and Special Steels | 7.64 | 7.64 | 30.41 | | 25.12 | | Restated |
| Bmw Industries Ltd. | 3.63 | 3.35 | 35.85 | 14.98 | 10.15 | 1.46 | Standalone |
| Manaksia Coated Metals & Industries Ltd. | 4.25 | 4.18 | 32.46 | 31.03 | 11.96 | 4.03 | Standalone |
| Shiv Aum Steels Ltd. | 5.47 | 5.47 | 88.86 | 98.54 | 4.73 | 6.13 | Standalone |
Information about company
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.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Repayment/pre-payment, in full or in part, of certain borrowings availed by Company
2: Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd.
3: General Corporate Purposes
: Total
Disclaimer
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We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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IPO Reservation
| QIB | Not more than 50% of the Issue |
| Retail | Not more than 35% of the Issue |
| NII | Not less than 15% of the Issue |
