Bombay Coated & Special Steels IPO Listing: Shares Debut at 10.98% Premium, Check Share Price
- November 5, 2026
- Posted by: Lakshit Sharma
- Category: News
Bombay Coated & Special Steels lists at Rs 91, up 10.98%. Issue price Rs 82. Subscribed about 60 times. Issue size Rs 183.06 Cr.
Quick Answer
The Bombay Coated & Special Steels IPO listing today saw the stock debut at Rs 91, a 10.98 percent premium over the Rs 82 issue price, a gain of Rs 9 per share. Anyone checking the Bombay Coated & Special Steels share price today will find a healthy debut for a Mumbai based steel coil processor whose mainboard IPO was subscribed about 60 times.
Bombay Coated & Special Steels IPO Listing Today: The IPO closed subscription on 2 November 2026 with demand of about 60 times overall, led by non institutional investors. Here is a recap of the offer, the terms of the Bombay Coated & Special Steels IPO listing, and how the stock traded once it opened on 5 November.
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Bombay Coated & Special Steels IPO Listing: Issue Details
Bombay Coated & Special Steels Limited raised Rs 183.06 crore through a book built issue made up entirely of a fresh issue of 2,23,24,024 equity shares, with no offer for sale, in a price band of Rs 78 to Rs 82 per share. It raised Rs 54.10 crore from anchor investors at Rs 82 per share ahead of the issue. Bidding ran from 29 October to 2 November 2026, and the shares listed on the NSE and BSE on 5 November 2026.
| Particular | Detail |
|---|---|
| IPO Open Date | 29 October 2026 |
| IPO Close Date | 2 November 2026 |
| Allotment Date | 3 November 2026 |
| Refund Initiation | 4 November 2026 |
| Issue Size | Rs 183.06 crore (entirely fresh issue) |
| Lot Size | 182 shares (minimum retail application Rs 14,924) |
| Price Band | Rs 78 to Rs 82 per share |
| Face Value | Rs 10 per share |
| Issue Type | Book Built Issue |
| Lead Manager | Smart Horizon Capital Advisors Private Limited |
| Registrar | KFin Technologies Limited |
| Listing At | NSE and BSE |
| Listing Date | 5 November 2026 |
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Bombay Coated & Special Steels IPO Listing Price and Performance
Shares of the Bombay Coated & Special Steels IPO listing opened at Rs 91 against the Rs 82 issue price, a gain of Rs 9, or 10.98 percent. A retail investor applying for one lot of 182 shares had put in Rs 14,924, so the paper gain at the listing price works out to about Rs 1,638 per lot. For the smallest HNI application of 14 lots, or 2,548 shares, the gain is about Rs 22,932. The premium was healthy, but it was well below the near 60 times demand, partly because the issue was priced for steady rather than explosive growth.
About the Bombay Coated & Special Steels IPO
Bombay Coated & Special Steels Limited, founded in 2019 and led by managing director Nitin Vijaykumar Gupta, processes steel coils into slit coils, embossed slit coils, blanks and sheared blanks for appliance and industrial makers such as Haier Appliances, IFB Refrigeration, Amber Enterprises and Dixon Electro. It runs four plants in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan and Sri City in Andhra Pradesh, with installed slitting capacity of 1,23,153 tonnes a year, and has been an authorised service partner of JSW Steel Coated Products since 2021. Investors weighing the Bombay Coated & Special Steels IPO listing should note that the proceeds go towards repaying borrowings, funding equipment held under lease from Siemens Financial Services and general corporate purposes, not towards new capacity.
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Bombay Coated & Special Steels Financials
Here is how the company has performed financially, useful context for anyone checking the Bombay Coated & Special Steels share price today after the Bombay Coated & Special Steels IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 1,266.82 | 1,055.71 | 752.26 |
| Profit After Tax | 30.54 | 28.67 | 21.14 |
Explanation
Revenue from operations grew about 20 percent in FY26 to Rs 1,266.82 crore, but profit after tax rose only about 7 percent to Rs 30.54 crore, a PAT margin of about 2.4 percent. Raw material is about 90 percent of expenses, nearly all steel coil is bought from one supplier, JSW Steel Coated Products, and consolidated borrowings were Rs 302.43 crore as of 31 August 2026, so the thin margin and heavy dependence are the main points to weigh after the Bombay Coated & Special Steels IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Bombay Coated & Special Steels IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Bombay Coated & Special Steels IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the Bombay Coated & Special Steels IPO listing price?
Ans. Bombay Coated & Special Steels shares listed at Rs 91, a 10.98 percent premium over the Rs 82 issue price, a gain of Rs 9 per share.
Was the Bombay Coated & Special Steels IPO listing a premium or a discount?
Ans. It was a healthy premium listing, with the stock opening Rs 9 above the issue price.
How much was the Bombay Coated & Special Steels IPO subscribed?
Ans. The IPO was subscribed about 60 times overall by the close of bidding on 2 November 2026, with non institutional investors bidding far above their quota. Sources report slightly different final figures.
What is the issue price of the Bombay Coated & Special Steels IPO?
Ans. The price band was Rs 78 to Rs 82 per share, and the issue price was fixed at the upper end, Rs 82.
What is the lot size of the Bombay Coated & Special Steels IPO?
Ans. The lot size was 182 shares, and a retail investor needed Rs 14,924 for one lot at the upper end of the band.
Who is the registrar for the Bombay Coated & Special Steels IPO?
Ans. KFin Technologies Limited is the registrar.
What does Bombay Coated & Special Steels do?
Ans. Bombay Coated & Special Steels processes steel coils into slit coils and blanks for home appliance, automotive and electrical equipment makers, from four plants in Maharashtra, Rajasthan and Andhra Pradesh.
Where can I check the Bombay Coated & Special Steels share price today?
Ans. You can check the Bombay Coated & Special Steels share price today on the NSE and BSE platform, or through the Univest platform.
Should I hold shares after the Bombay Coated & Special Steels IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the double digit listing gain and steady revenue growth against thin margins, high debt and heavy reliance on one steel supplier before deciding whether to hold or book profit after the Bombay Coated & Special Steels IPO listing.