Bombay Coated & Special Steels Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 66.72x | 36,000 | 2,402,000 | ₹0 Cr |
| NII (HNI) | 49.94x | 510,000 | 25,470,000 | ₹4 Cr |
| Retail | 5.22x | 2,760,000 | 14,420,000 | ₹23 Cr |
| Σ Total | 12.79x | 3,306,000 | 42,292,000 | ₹27 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹194,012 |
| S-HNI (Min) | 14 | 2,548 | ₹208,936 |
| B-HNI (Min) | 67 | 12,194 | ₹999,908 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Revenue | 398 | 1,270 | 1,059 |
| EBITDA | 32 | 86 | 74 |
| Profit After Tax | 15 | 31 | 29 |
| Net Worth | 137 | 122 | 83 |
| Total Assets | 526 | 571 | 458 |
| Reserves & Surplus | 96 | 81 | 73 |
| Total Borrowing | 274 | 338 | 277 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by Company – 125.00
- Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt.Ltd. – 15.77
- General Corporate Purposes –
Company Overview
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre engaged in converting steel coils into value-added processed steel products for Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”). The Company specialises in precision slitting, cut-to-length processing, shearing and embossing of steel coils to manufacture slit coils, embossed slit coils, blanks, embossed blanks and sheared blanks. Its products serve multiple end-use industries, including home and commercial appliances, automotive and auto components, electrical equipment, pharmaceutical cleanroom infrastructure, ventilation systems and general engineering. In addition to processing steel coils, the Company provides logistics and inventory management services and supports customers through just-in-time delivery solutions.
The Company operates four strategically located manufacturing facilities at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh. Spread across an aggregate area of 42,209 square metres, these facilities are equipped with slitting, cut-to-length, shearing and embossing lines. The Company has an authorised service partnership with JSW Steel Coated Products Limited (“JSWSCPL”) and/or its holding company since 2021, supporting regular access to steel coils. As of June 30, 2026, its aggregate installed processing capacity was 1,23,153 metric tonnes per annum, calculated on a quarterly basis for Fiscal 2027.
The Company serves a diversified customer base across consumer durables, home appliances, refrigeration, automotive, electrical equipment, electronics, industrial engineering and other manufacturing sectors. Its customers include OEMs and ODMs such as Haier Appliances India Private Limited, IFB Refrigeration Limited, Dixon Electro Manufacturing Private Limited, Amber Enterprises India Limited and Western Refrigeration Private Limited.
As of June 30, 2026, the Company had 164 personnel, comprising 160 permanent employees and 4 employees on retainership.
Competitive Strengths
- High Entry Barriers.
- Growing Processing Capacity.
- Integrated Steel Processing Infrastructure.
- Strategically Located Manufacturing Network.
- Long-Standing Customer Relationships.
- Established Relationship with JSWSCPL.