The Bombay Coated Special Steels IPO closed on 2 November 2026 and is due to list on 5 November 2026 on the NSE and BSE. The price band is ₹78 to ₹82 per share and one lot is 182 shares, so the minimum application is ₹14,924. The issue size is ₹183.05 crore. The whole issue is fresh shares, so the money raised goes to the company.
Kfin Technologies Ltd is the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd is the lead manager.
Quoted at ₹8 per share, 10% over the ₹82 upper band, giving an indicative listing price of ₹90, as of 3 November 2026. The premium is an unofficial quote and moves through the day.
The issue was subscribed 63.89 times overall.
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing plant involved in the transformation of steel coils into high-value added processed steel products for OEMs and ODMs. The Company specializes in precision slitting, cut-to-length processing, shearing and embossing of steel coils to produce slit coils, embossed slit coils, blanks, embossed blanks and sheared blanks.
The Company’s products cater to several end-user industries such as household and commercial appliances, automotive and automotive components, electrical equipment, pharmaceutical cleanroom infrastructure, ventilation systems and general engineering. Besides steel coil processing, the Company also offers logistic and inventory management services and helps its customers with just-in-time deliveries. The Company has four manufacturing plants located strategically at Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan and Sri City in Andhra Pradesh.
These plants cover a total area of 42,209 square meters and are equipped with slitting, cut-to-length, shearing and embossing lines. As of June 30, 2026, the Company had 164 employees, out of which 160 were permanent and 4 were on retainership.
As described in the offer document.
Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta, Bhawna Nitin Gupta.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹78 to ₹82 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 182 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,924.
₹14,924, for one lot of 182 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 October 2026 and closed on 2 November 2026.
The basis of allotment is due on 3 November 2026. The registrar, Kfin Technologies Ltd, publishes allotment status searchable by PAN, and the shares are credited to successful applicants' demat accounts the day before listing.
The shares are due to list on 5 November 2026 on the NSE and BSE. Trading begins after the special pre-open session on listing morning, in which the opening price is discovered.
The issue size was ₹183.05 crore. The fresh issue was 2,23,24,024 shares (aggregating up to ₹183.05 crore).
On the registrar's website at https://ipostatus.kfintech.com/, by PAN, application number or demat account, once the basis of allotment is published on 3 November 2026. The Rupix app can also check it by PAN.
The expected listing premium was last quoted at ₹8 per share above the issue price (10% on the upper band of ₹82), an indicative listing price of ₹90, as of 3 November 2026. It is what unofficial dealers quote per share, a sentiment reading from an unregulated market, and it does not predict the listing price.