Bombay Coated & Special Steels' ₹183.06 crore IPO opened today, with shares priced between ₹78-₹82, seeking funds for debt repayment and capital equipment.
₹183.06 crore
Issue Size
⏳ Time Machine
How today’s news fits into the bigger picture
2019
Company incorporated
Bombay Coated & Special Steels Limited was incorporated, beginning its operations as a center catering to OEMs and ODMs across various industries.
2021
Partners with JSW Steel Coated Products
The company secured an authorized service partnership with JSW Steel Coated Products, ensuring a reliable supply chain for its primary raw material requirements, crucial for its processing operations.
March 2026
Reports FY26 financial performance
Bombay Coated & Special Steels reported a net profit of ₹30.5 crore and revenue from operations of ₹1,266.8 crore for the fiscal year ended March 31, 2026, indicating consistent growth.
June 2026
Q1 FY27 results show strong start
For the three months ended June 30, 2026, the company reported revenue from operations of ₹397 crore and a net profit of ₹15 crore, setting a positive tone for the current fiscal year.
October 28, 2026
Secures anchor investor funding
A day before its public opening, the IPO successfully raised ₹54.10 crore from six anchor investors, demonstrating institutional confidence in the issue.
Today
Bombay Coated & Special Steels' ₹183.06 crore IPO opened for public subscription.
What happens next?
The IPO will close on November 2, 2026, with shares expected to be allotted on November 3 and tentatively list on exchanges by November 5, 2026.
The Initial Public Offering (IPO) for Bombay Coated & Special Steels Limited opened for subscription today, October 29, 2026, and will close on November 2, 2026. The company aims to raise **₹183.06 crore** through a fresh issue of 2.23 crore equity shares, with a price band set at ₹78 to ₹82 per share. A day prior to the launch, the company successfully raised ₹54.10 crore from six anchor investors. The proceeds from the IPO are primarily earmarked for repaying certain borrowings, financing the acquisition of capital equipment, and general corporate purposes. Bombay Coated & Special Steels operates as a steel processing center, converting steel coils into value-added products for various industries, relying significantly on JSW Steel for raw materials.
💭 If you're wondering…
A fresh issue means the company is selling new shares to the public to raise capital directly for its business operations, debt repayment, or expansion plans, rather than existing shareholders selling their shares.
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