Summary of this article
Bombay Coated & Special Steels listed at over 12 per cent premium.
The stock debuted at Rs 91.84 on NSE and BSE.
The public issue saw strong demand, oversubscribed 60.77 times overall.
Shares of Bombay Coated & Special Steels made their debut in the stock market on November 5, 2026, with over 12 per cent premium over the upper end of the price band.
On the BSE, the stock listed at Rs 92.02 with gains of 12.21 per cent over the issue price. On the NSE the stock debuted at Rs 91 with gains of 10.97 per cent.
Applicants who were successfully allotted a minimum of one lot or 182 shares of Bombay Coated & Special Steels would have made a gain of Rs 1,823.64 (Rs 92.02 - Rs 82 x 182) as the stock listed at a premium.
Bombay Coated & Special Steels IPO: Offer Size
The initial public offering (IPO) of Bombay Coated & Special Steels was a book-built issue worth Rs 183.06 crore and consisted entirely of a fresh issue of 22.32 million shares worth Rs 183.06 crore, with no offer for sale (OFS) component.
The price band for the public issue was fixed at Rs 78 to 82 per share. The minimum lot size for retail investors was fixed at 182 shares, aggregating to an investment of Rs 14,924.
Bombay Coated & Special Steels IPO: Subscription
The IPO saw strong demand and was oversubscribed 60.77 times during its subscription period from October 29 to November 2. Investors across categories placed bids for 1004.75 million shares compared to the total offer size of 16.53 million shares available.
Non-institutional investors (NIIs) booked their quota in the IPO 158.32 times. In this category, 3.52 million shares were offered, and bids were received for 557.33 million shares.
Retail investors booked their quota 33.73 times, bidding for 277.08 million shares against the 8.21 million shares offered. The qualified institutional buyer (QIB) quota was subscribed 35.50 times, receiving bids for 170.33 million shares against the 4.79 million shares offered.
Bombay Coated & Special Steels: Promoters
The promoters of the company, Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta, and Bhawna Nitin Gupta, hold the majority stake. Following the listing of the stock, the promoter shareholding reduced to 63.03 per cent, down from 97.78 per cent prior to the public issue.
Bombay Coated & Special Steels: Competitors
Bombay Coated & Special Steels operates within the steel processing and supply market. The company's listed peers in the domestic market include BMW Industries, Manaksia Coated Metals & Industries, and Shiv Aum Steels.
Bombay Coated & Special Steels IPO: Objective
The company will use the proceeds from the fresh issue for the repayment or pre-payment of certain outstanding borrowings, financing the acquisition of capital equipment under existing lease arrangements, and will allocate the remaining proceeds for general corporate purposes.
