Minimum Investment
About Company
Company Name: Bombay Coated and Special Steels Limited
Industry / Sector: Steel / Coated Steel Products & Service Centres
Founded Year: December 2019
Promoters: Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta, Bhawna Nitin Gupta
Bombay Coated and Special Steels Limited (BCSSL) is a Mumbai-headquartered company operating a multi-location steel processing centre that caters to the customised requirements of original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Originally incorporated in December 2019, the company acquired the running business of M/s. Bombay Steels in January 2021. BCSSL 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 manufacturing facilities in Maharashtra, Rajasthan, and Andhra Pradesh, it processes these coils into value-added products. 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.
IPO Basic Details
| Company Name | Bombay Coated and Special Steels Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹78 – ₹82 |
| Lot Size | 182 Shares |
| Total Issue Size | Up to [●] Equity Shares (₹183.06 Cr) |
IPO Strengths & Risks
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
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
IPO Important Dates
| IPO Open Date | 29 Oct 2026 |
| IPO Close Date | 02 Nov 2026 |
| Basis of Allotment | 03 Nov 2026 |
| Refund Initiation | 04 Nov 2026 |
| Demat Credit Date | 04 Nov 2026 |
| Listing Date | 05 Nov 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 182 | ₹14,924 (at upper band) |
| Retail Maximum | 13 Lots | 2,366 | ₹1,94,012 (at upper band) |
| S-HNI Minimum | 14 Lots | 2,548 | ₹2,08,936 (at upper band) |
| S-HNI Maximum | 67 Lots | 12,194 | ₹9,99,908 (at upper band) |
| B-HNI Minimum | 68 Lots | 12,376 | ₹10,14,832 (at upper band) |
Key Performance Indicators (KPI)
| ROE | Not Available |
| ROCE | Not Available |
| RoNW | - |
| PAT Margin | Not Available |
| EBITDA Margin | Not Available |
| EPS | Not Available |
| NAV per share | - |
| Debt to Equity | Not Available |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 (Mar 31, 2026) | Not Available | Not Available | Not Available | Not Available | Not Available | Not Available |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | [●] |
| Estimated Listing Price | Not Available |
IPO Subscription Data
| Total Subscription | Issue opens 29 Oct 2026 |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: KFin Technologies Limited
Registrar Website: https://www.kfintech.com
IPO Lead Manager(s)
Company Information
Address: 2602, Parinee I, 7-A Shah Industrial Estate, Andheri (West), Mumbai - 400053, Maharashtra, India
Website: https://www.bcsspl.in
Email: compliance@bcsspl.in
Phone: +91 22 4664 9193
IPO Documents
Frequently Asked Questions (FAQ)
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