Bombay Coated And Special Steels IPO Review
Bombay Coated and Special Steels Limited, one of the leading steel processing centres in India, plans to raise ₹183 Cr through an IPO.
[Fresh Issue ₹183 Cr + OFS NIL]
Bombay coated and special steels limited ipo price: ₹78–₹82 per share
Bombay Coated and Special Steels: History
The Company was originally incorporated as Bombay Coated and Special Steels Pvt Ltd., a private limited company under the Companies Act, 2013, on December 26, 2019.
It was then converted into a public limited company on January 22, 2025, by a special resolution passed by the shareholders.
The Company changed its name to Bombay Coated and Special Steels Ltd, and the RoC issued a fresh certificate of incorporation on February 14, 2025.
Bombay Coated and Special Steels: Business
Bombay Coated and Special Steels Ltd. is one of India’s leading steel processing centres, specializing in processing Steel Coils into Processed Steel Products.
Its core competencies include slitting, cut-to-length, shearing, and embossing of Steel Coils into Slit Coils and Blanks/sheets.
Bbeing a Steel Processing Centre (SPC), the company acts as an intermediary between steel producers and end-users.
The Company caters to a diverse and quality-driven clientele including Original Equipment Manufacturers (OEMs), and Original Design Manufacturers (ODMs).
The Company’s Processed Steel Products are engineered to meet precise technical requirements across a wide range of industries such as –
Home and Commercial Appliances (air conditioners, home refrigeration, commercial refrigeration, washing machines, and water heaters), and
General Engineering Sector (pharmaceutical cleanrooms, electrical components, air ventilation solutions, automotive components, and other).
Authorised Service Partner
The Company has been an authorised service partner of JSW Steel Coated Products Limited since 2021, under an agreement for the regular supply of Steel Coils.
Processing Capacity
It has an installed processing capacity of 1,23,153 metric tonnes per annum (installed capacity grew at a CAGR of 23.83% between FY24 & FY26).
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Manufacturing Facilities
The Company operates 4 strategically located manufacturing facilities at Bhiwandi and Wada in Maharashtra, Sri City in Andhra Pradesh, and Ghiloth in Rajasthan.
Client List
The company served 178 clients in FY26 across consumer automotive, electrical equipment, infrastructure, HVAC, and renewable energy, among other.
Its customer base includes Amber Enterprises, Haier Appliances, and Dixon Electro Manufacturing.
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Key Competitors
Some of the key competitors of the company include BMW Industries Limited, Manaksia Coated Metals & Industries Limited and Shiv Aum Steels Limited.
Strategies Ahead
Expansion of existing Ghiloth facility to capitalize on industry opportunities.
Improving the debt profile of the Company.
Expand its reach by adding new customers.
Increase the market share in the industries it serves.
Focus on expansion of existing steel processing capacity.
Improve cost management and operational efficiencies.
Company Promoters
- Vijaykumar Himatrai Gupta,
- Nitin Vijaykumar Gupta,
- Bhawna Nitin Gupta.
Read Bombay Coated and Special Steels Private Limited DRHP for more details.
IPO Detail
ipo date: 29 Oct – 2 Nov 2026
Minimum Amount: ₹14,924
Minimum Bid: 182 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Objects of the IPO
Repayment (pre-payment), in full or in part, of certain borrowings availed by the Company;
Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Pvt Ltd; and
General corporate purposes.
Financial
Book Running Lead Manager
Smart Horizon Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘SUBSCRIBE’ rating (keeping a long-term view in mind)’ for the Bombay Coated and Special Steels Limited IPO.
Do come back to learn more about “upcoming ipos”.
IPO FAQ’s
Bombay Coated and Special Steels Limited IPO?
Bombay Coated and Special Steels IPO is a main-board initial public offering of 2,23,24,024 equity shares.
Kfin Technologies Limited is the registrar for the IPO.
What is Bombay coated and special steels limited ipo price?
The IPO is priced at ₹78 to ₹82 (minimum order quantity is 182shares).
How do I apply an ipo?
One can apply the ipo online using either UPI or ASBA as a payment method.
ASBA IPO application is available in the net banking of your bank account.
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Disclaimer: This article is purely for informational purposes.
