Last updated: Fri, Oct 30, 2026, 12:00 PM IST · mainboard IPO · NSE & BSE · Day 2 of 3
- Bombay Coated And Special Steels IPO subscribed 2.67x overall on Day 2
- Total bids: 4,41,95,060 shares against 1,65,33,012 shares on offer
- Category-wise: QIB 6.55x, NII 0.72x, Retail 1.24x
- Price band: ₹78 to ₹82 per share
- The issue closes on Mon, Nov 2, 2026
The Bombay Coated And Special Steels IPO reached day 2 of 3 trading days. The issue recorded an overall subscription multiple of 2.67x as of Friday, October 30, 2026, 12:00 PM IST. Subscription multiple is the number of shares bid for divided by the number of shares offered. The QIB category led the bidding at 6.55x. This category represents qualified institutional buyers, which are large financial institutions like banks and mutual funds.
Bombay Coated And Special Steels IPO Subscription Status: Day 2
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 2 | Fri, Oct 30, 2026 | 4,41,95,060 | 362.40 | 2.67x |
Category-wise subscription
| Category | Shares offered | Day 2 bids | Day 2 (x) |
|---|---|---|---|
| QIB | 47,98,588 | 3,14,52,876 | 6.55x |
| NII | 35,20,327 | 25,40,902 | 0.72x |
| of which individual NII | — | 24,78,658 | — |
| of which corporate NII | — | 29,848 | — |
| of which other NII | — | 32,396 | — |
| Retail | 82,14,097 | 1,02,01,282 | 1.24x |
| Total | 1,65,33,012 | 4,41,95,060 | 2.67x |
The QIB category saw the highest interest, reaching 6.55x its quota. Retail investors subscribed 1.24x, while the NII category, representing non-institutional investors bidding above ₹2 lakh, reached 0.72x. Total bids across all categories reached 4,41,95,060 shares. The overall subscription reflects the combined demand from these three investor groups against the 1,65,33,012 shares offered.
Bombay Coated And Special Steels IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Thu, Oct 29, 2026 to Mon, Nov 2, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹78 to ₹82 per share |
| Lot size | 182 shares |
| Total issue size | 2,23,24,024 shares (₹136 crore) |
| Listing at | NSE & BSE |
| Lead managers | Smart Horizon Capital Advisors Pvt Ltd. |
| Registrar | K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.) |
About Bombay Coated And Special Steels
Bombay Coated And Special Steels Ltd. operates as a multi-location steel processing centre. As per the DRHP, the company provides customized steel products such as slit coils and blanks to OEMs and ODMs in the home and commercial appliances and general engineering sectors. Its core processes include slitting, cut-to-length, shearing, and embossing of steel coils. The company serves a diverse clientele, including manufacturers of air conditioners, home refrigeration, and automotive components. Its promoters possess four decades of experience in the steel trading and processing industry.
Bombay Coated And Special Steels Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue from operations (₹ crore) | 1,266.82 | 1,055.71 | 755.26 |
| Total income (₹ crore) | 1,269.83 | 1,058.65 | 765.41 |
| Profit after tax (₹ crore) | 30.54 | 28.67 | 21.14 |
| Net worth (₹ crore) | 121.58 | 83.05 | 54.36 |
| Total borrowings (₹ crore) | 273.28 | 227.44 | 184.14 |
Revenue from operations grew from ₹1,055.71 crore in FY 2024-25 to ₹1,266.82 crore in FY 2025-26. Profit after tax rose from ₹28.67 crore in FY 2024-25 to ₹30.54 crore in FY 2025-26. The debt-to-equity ratio stood at 2.25x at the end of FY 2025-26.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Repayment/pre-payment in full or in part, of certain borrowings | 125.00 |
| Financing the cost towards acquisition of capital equipment | 15.77 |
Risk Factors as per the DRHP
- The company faces significant customer concentration, with the top 10 customers contributing 73.54% of revenue as of June 30, 2026.
- The business is highly dependent on JSWSCPL, which supplied 85.13% of its steel coils for the period ended June 30, 2026.
How to Check Bombay Coated And Special Steels IPO Subscription Status
Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.) (www.kfintech.com).
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 30, 2026, 12:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.