Bombay Coated and Special Steels IPO Day 2: Subscription Status on 30 October 2026
- October 30, 2026
- Posted by: Harsh Piplani
- Category: IPO
Bombay Coated and Special Steels IPO Day 2, 30 Oct 2026. Subscribed 2.67x on Day 1: QIB 6.56x, Retail 1.24x, NII 0.72x. Price band Rs 78-82. Lot size 182 shares.
Quick Answer
The Bombay Coated and Special Steels IPO is on Day 2 of bidding on 30 October 2026. The issue was subscribed 2.67 times at the Day 1 reading on 29 October, with QIB at 6.56 times, retail at 1.24 times and NII at 0.72 times, excluding the anchor portion. Bidding remains open until 2 November 2026, and investors should track the live category wise numbers on BSE and NSE through the day.
Bombay Coated and Special Steels Limited, a steel coil processor serving appliance, automotive and electrical equipment makers, is on Day 2 of its IPO bidding window, which opened on 29 October 2026 and closes on 2 November 2026. The Bombay Coated and Special Steels IPO is a mainboard, book built issue worth about Rs 183.06 crore, entirely a fresh issue of 2,23,24,024 equity shares, and the shares are proposed to list on BSE and NSE.
Institutional bidders led the opening day at 6.56 times, excluding the Rs 54.10 crore anchor book that six investors completed on 28 October. Retail was already at 1.24 times, small NII bidders were at 1.19 times and big NII bidders at 0.49 times.
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Bombay Coated and Special Steels IPO Details
The table below sets out the key parameters of the Bombay Coated and Special Steels IPO.
| Open Date | 29 October 2026 |
| Close Date | 2 November 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 78 to Rs 82 per share |
| Lot Size | 182 shares |
| Issue Size | Rs 183.06 crore (entirely fresh issue of 2,23,24,024 shares) |
| Issue Type | Book Built Issue, Mainboard |
| Listing At | BSE, NSE |
| Allotment Date | 3 November 2026 |
| Listing Date | 5 November 2026 |
Bombay Coated and Special Steels IPO Subscription Status Day 2
The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the Day 1 reading on Thursday, 29 October.
| Session | Overall | QIB | NII | Retail |
|---|---|---|---|---|
| Day 1 close (29 Oct) | 2.67x | 6.56x | 0.72x | 1.24x |
| Day 2, so far (30 Oct) | Updating through the session | |||
Figures are the exchange reading at the close of 29 October and exclude the anchor portion, so confirm final numbers on NSE or BSE as bidding continues. Bidding pauses over the weekend and the issue closes on Monday, 2 November.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Bombay Coated and Special Steels IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 78 to Rs 82 band, in multiples of 182 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 2 November.
Download the Univest iOS App or Univest Android App to apply for the issue before the 2 November close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue enters Day 2 at 2.67 times, led by QIB at 6.56 times, with retail already above one time and NII still below it. Investors considering the issue should weigh the valuation of about 17 times FY26 earnings, the debt to equity ratio of about 2 times and the dependence on JSW Steel Coated Products for coil supply, and read the RHP on bseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Bombay Coated and Special Steels IPO subscription status on Day 2?
Ans. The issue carries forward a Day 1 close of 2.67 times overall, with QIB at 6.56 times, retail at 1.24 times and NII at 0.72 times, and figures for Day 2, 30 October 2026, are updating through today’s session on BSE and NSE.
When does the Bombay Coated and Special Steels IPO close?
Ans. The issue closes for subscription on 2 November 2026, having opened on 29 October 2026.
What is the Bombay Coated and Special Steels IPO price band and lot size?
Ans. The issue price band is Rs 78 to Rs 82 per share, with a lot size of 182 shares. A retail investor needs at least one lot, which is Rs 14,924 at the upper price band.
Is the Bombay Coated and Special Steels IPO fully subscribed?
Ans. Yes overall, but not in every category. The issue was subscribed 2.67 times at the Day 1 reading on 29 October, with QIB at 6.56 times, retail at 1.24 times and NII at 0.72 times excluding the anchor portion.
What is the Bombay Coated and Special Steels IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Bombay Coated and Special Steels IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 78 to Rs 82 band, in multiples of 182 shares, then approving the UPI mandate before the daily cut off.
When will the Bombay Coated and Special Steels IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 3 November 2026, with listing on BSE and NSE tentatively scheduled for 5 November 2026.
What does Bombay Coated and Special Steels Limited do?
Ans. Bombay Coated and Special Steels Limited is a steel processing company that converts steel coils into slit coils, embossed coils and blanks for OEMs and ODMs in appliances, automotive and electrical equipment, and also offers logistics and inventory management.
