MUMBAI, NATIONAL, 22 OCTOBER, 2026 | GPN, SACHIN MURDESHWAR: Bombay Coated and Special Steels Limited will open its Initial Public Offering for subscription on October 29, 2026, with a price band of Rs 78–82 per equity share of face value Rs10. The issue will close on November 2, 2026. Investors can bid for a minimum of 182 shares and in multiples thereof.
The company plans to raise up to Rs183.1 crore through a fresh issue. Of the proceeds, Rs125 crore will be used for repayment or prepayment of borrowings, while Rs15.7 crore will finance the acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited. The remaining proceeds will be used for general corporate purposes.The issue allocation provides for up to 50% for Qualified Institutional Buyers, at least 15% for Non-Institutional Investors and at least 35% for Retail Individual Investors.
Incorporated in 2019, the company processes steel coils into value-added products for sectors including home appliances, automotive, electrical equipment, refrigeration and general engineering. It operates manufacturing facilities in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan and Sri City in Andhra Pradesh, with an aggregate installed processing capacity of 1,23,153 metric tonnes per annum.
The company reported revenue from operations of Rs1,266.8 crore and net profit of Rs30.5 crore in FY26. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar. The equity shares are proposed to be listed on the NSE and BSE.
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