IPO profile
Bombay Coated and Special Steels Limited
BCSSL · NSE
- Price band
- ₹78 - ₹82
- Subscription
- 60.77x
IPO at a Glance
Bombay Coated and Special Steels Limited is a mainboard IPO (NSE) with a price band of ₹78 to ₹82 per share, raising about ₹184 crore.
One lot is 182 shares, so the minimum application is about ₹14,924.
The shares listed on 5 Nov 2026.
It was subscribed 60.77x overall (QIB 35.50x, NII 158.32x, retail 33.73x).
On listing day the share opened at ₹91, 10.98% above the issue price of ₹82.
Written automatically from the figures on this page. Each section below shows its source and update time.
Application & Issue Details
- Minimum Quantity
- 182 shares
- Minimum Application
- ₹14,924
- Issue Size
- ₹184 Cr
- Face Value
- Not available
- Issue Price
- ₹82
Company Overview
Bombay Coated and Special Steels operates a multi-location steel processing centre that caters to the customised requirements of original equipment manufacturers and original design manufacturers. The company primarily procures coated steel coils, such as galvalume, colour-coated, and galvanized, alongside non-coated cold-rolled and hot-rolled steel coils. As an authorised service partner for JSW Steel Coated Products, the company sources most of its raw materials through this arrangement. Using high-precision engineering machinery across its four manufacturing facilities in Maharashtra, Rajasthan, and Andhra Pradesh, it processes these coils into value-added products. These include slit coils, embossed slit coils, blanks, embossed blanks, and sheared blanks, manufactured through specialized slitting, cut-to-length, shearing, and embossing lines. The company generates the majority of its revenue by supplying these processed steel products to the home and commercial appliances sector, while also serving the general engineering, automotive, and electrical equipment industries.
Summary supplied by our IPO data provider (IPO Alert). The offer document (RHP) is the authoritative description of the company.
Important Dates
- Open Date
- 29 Oct 2026
- Close Date
- 2 Nov 2026
- Allotment Date
- 3 Nov 2026
- Listing Date
- 5 Nov 2026
Allotment Status
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 35.50x
- NII
- 158.32x
- Retail
- 33.73x
- Total subscribed
- 60.77x
Updated 2 Nov 2026, 7:00 pm · source: BSE + NSE combined (from NSE)
Day-wise subscription (times)
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 29 Oct (Day 1) | 6.55 | 0.72 | 0.49 | 1.19 | 1.24 | 2.67 |
| 30 Oct (Day 2) | 6.56 | 1.80 | 1.23 | 2.94 | 3.02 | 3.78 |
| 2 Nov (Day 3) | 35.50 | 158.32 | 183.52 | 107.91 | 33.73 | 60.77 |
Each day shows the last figures NSE published that day (Day 3: 2 Nov 2026, 7:00 pm).
Actual Listing Performance
- Listing Date
- 5 Nov 2026
- Actual Listing Price
- ₹91
- Gain/Loss Per Share
- +₹9
- Gain/Loss Per Lot
- +₹1,638
- Listing Gain/Loss %
- +10.98%
- Measured Against
- ₹82
- Lot Size
- 182 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Authorised service partner of JSWSCPL, ensuring reliable raw material supply.
- Strategically located facilities providing efficient logistics and delivery.
- High-precision manufacturing setup meeting strict customer specifications.
- Long-standing relationships with leading OEM and ODM customers.
- Diverse value-added processing capabilities across multiple locations.
Key risks
- High debt-to-equity ratio restricts financial flexibility through stringent covenants.
- Substantial reliance on JSWSCPL for sourcing the primary raw material.
- Significant revenue concentration among the top ten key customers.
- Susceptibility to price volatility and disruptions in steel coil supply.
- Strong dependence on the cyclical home and commercial appliances sector.
Strengths and risks are summaries supplied by our IPO data provider (IPO Alert), not IPONexa's opinion. Review the offer document for the complete risk factors.
Documents & Coverage
Sources: IPO details from IPO Alert, updated 5 Nov 2026, 8:09 pm IST · subscription: BSE + NSE combined (from NSE) · listing price: NSE/BSE end-of-day files. About our data
Understand these numbers
- What is IPO GMP?Why GMP is unofficial and how the estimate is calculated.
- Subscription explainedQIB, NII and retail figures, and why BSE + NSE are combined.
- How allotment worksThe T+3 timeline, the retail lottery and where to check status.
- Listing gain calculationEstimated vs actual listing gain, and why real profit differs.
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP is unofficial, and estimates are not guaranteed returns. Subscription and other figures may change or be delayed. Please make your own independent decision. Disclaimer