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Bombay Coated and Special Steels IPO
Price Band
₹78.0–82.0
Issue Size
₹183.06 Cr
Lot Size
182 shares
Min Investment
₹14,924
GMP
+₹9.0 (10.98%)
Issue Price
₹82.0
Subject to Sauda
₹1200
Paid only if allotted
Bombay Coated and Special Steels IPO AI Summary
- Bombay Coated and Special Steels IPO is upcoming on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹78.0–₹82.0 per share, lot size 182 shares (min. investment ₹14,924).
- Subscription window: 29 Oct–02 Nov 2026, listing on 05 Nov 2026.
- Current GMP is +₹9.0 (10.98%), an estimated listing price of ₹91 — unofficial and can change daily.
Bombay Coated and Special Steels is set to launch its IPO with a price band of ₹78.0 to ₹82.0, aiming to raise ₹183.06 Cr. The company operates in the steel processing sector, with a focus on high-quality processed steel products. Investors should consider the company's financials, market position, and potential risks before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 29 Oct 2026 · in 3 days
Bombay Coated and Special Steels IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+10.98%
Est. Listing
₹91.0
Updated: 26 Oct 2026 23:30
GMP Trend (Last 4 Days)
TopFund Score — Listing Data Indicator
GMP is 11.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 32.0% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Bombay Coated & Special Steels is one of India’s leading steel processing centres. Its main business is converting steel coils into high-quality processed steel products like slit coils, blanks, and sheets. The company specializes in slitting, cut-to-length, shearing, and embossing. Its products are used by Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) across various industries, including home and commercial appliances (like air conditioners, refrigerators, washing machines, water heaters), and general engineering (such as automotive components, electrical parts, cleanrooms, and ventilation systems). The company has been an authorised service partner of JSW Steel Coated Products Limited since 2021, from whom it source steel coils. It also buy from other suppliers and process the material using modern machinery to meet customer specifications. The company has processing units in Wada, Bhiwandi, Ghiloth and Sricity, covering 42,209 sq. meters. Its Rajasthan unit is GEM 4-certified for green manufacturing. The company's current installed capacity for slitting, cut-to-length, shearing, and embossing stood at 350,411 MTPA. As of July 31, 2025, its workforce comprised 153 permanent employees. Business Strengths Established relationship with JSWCPL Steel for supply of Steel Coil. Strategically located manufacturing facilities. Existing setup with high precision manufacturing operations. Long-term relationships with customers, including OEMs and ODMs. High entry barriers due to supplier arrangements. Experienced Promoters and professional management team.
Company Financials (₹ Cr)
As of 2026-06-30
| 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 |
Key Ratios
EPS
₹7.54
NAV
₹30.41
ROE
29.92%
ROCE
16.40%
RoNW
25.12%
P/B Value
2.70
P/E Ratio
10.88
Market Cap
₹515.16 Cr
PAT Margin
2.41%
Debt/Equity
2.78
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shiv Aum Steels Ltd. | 88.86 | 4.73% | 98.54 | 5.47 | 5.47 |
| Manaksia Coated Metals & Industries Ltd. | 32.46 | 11.96% | 31.03 | 4.25 | 4.18 |
| Bmw Industries Ltd. | 35.85 | 10.15% | 14.98 | 3.63 | 3.35 |
| Bombay Coated and Special Steels This IPO | 30.41 | 25.12% | — | 7.64 | 7.64 |
Promoters
Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta, Bhawna Nitin Gupta
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Repayment/pre-payment, in full or in part, of certain borrowings availed by Company | 125.00 2 | Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd. | 15.77 3 | General Corporate Purposes | | Total | 140.77
IPO Evaluation
Generated 24 Oct 2026Revenue Trend
Total income was ₹765.41 Cr for the period ending 31 Mar 2024, increasing to ₹1,058.65 Cr by 31 Mar 2025, and further rising to ₹1,269.83 Cr by 31 Mar 2026. However, for the most recent period ending 30 Jun 2026, total income reported was ₹397.55 Cr, which is a 9-month figure and not directly comparable to the previous full year.
Profit Trend
Profit after tax was ₹21.14 Cr for the period ending 31 Mar 2024, increasing to ₹28.67 Cr by 31 Mar 2025, and further rising to ₹30.54 Cr by 31 Mar 2026. For the latest period ending 30 Jun 2026, profit after tax was ₹15.08 Cr, though this is a 9-month figure and not a full year, so isn't directly comparable.
Valuation
Bombay Coated and Special Steels has an implied P/E ratio of 10.88 at the issue price, compared to peers trading at a P/E range of 14.98 to 98.54.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the price at which shares of an IPO are traded in the unofficial market before they are listed on the stock exchange. A positive GMP indicates that investors expect the stock to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. Consider the company's fundamentals, market position, and growth potential.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs, as they can be subject to significant price fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on 29 October 2026 and closes on 2 November 2026. Allotment of shares will be done on 3 November 2026, with the listing date set for 5 November 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price on their first day of trading, others may not perform as expected. Investors should be aware that market conditions, investor sentiment, and overall economic factors can influence the stock's performance on listing day.
This evaluation is generated from Bombay Coated and Special Steels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bombay Coated and Special Steels IPO GMP today?
Bombay Coated and Special Steels IPO GMP today is +₹9.0 (10.98%), indicating an estimated listing price of ₹91. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bombay Coated and Special Steels IPO?
The price band of Bombay Coated and Special Steels IPO is ₹78.0–₹82.0 per share.
When does Bombay Coated and Special Steels IPO open and close?
Bombay Coated and Special Steels IPO opens on 29 October 2026 and closes on 02 November 2026.
When does Bombay Coated and Special Steels IPO list on the stock exchange?
Bombay Coated and Special Steels IPO is scheduled to list on 05 November 2026, with an estimated listing price of ₹91.0 based on current GMP.
What is the lot size for Bombay Coated and Special Steels IPO?
The lot size for Bombay Coated and Special Steels IPO is 182 shares, requiring a minimum investment of ₹14,924.
What is the TopFund Listing Data Indicator for Bombay Coated and Special Steels?
Bombay Coated and Special Steels's Listing Data Indicator score is 55/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹78.0 to ₹82.0.
What is the minimum investment required?
The minimum investment required is ₹14,924.0.
What is the lot size for the IPO?
The lot size for the IPO is 182 shares.
When is the listing date for the IPO?
The listing date for the IPO is 5 November 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Oct 2026
Close
02 Nov 2026
Allotment
03 Nov 2026
Listing
05 Nov 2026
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