Bombay Coated And Special Steels IPO Listing: Shares List At A Premium Of Over 12% On The BSE After Decent Subscription During Bidding Period

  • Posted: 05 Nov 2026, 10:23 AM IST
  • 2 Min. Read
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Bombay Coated And Special Steels IPO Listing: Shares List At A Premium Of Over 12% On The BSE After Decent Subscription During Bidding Period
Bombay Coated And Special Steels begins trading at a premium on listing day.
Summary

Bombay Coated And Special Steels shares made a solid debut on the stock exchanges. They listed at a premium of over 12% to the IPO issue price on the BSE. Read more.

Bombay Coated And Special Steels made its debut on stock exchanges today. The initial public offering (IPO) of Bombay Coated And Special Steels was a mainboard issue, and its shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

The shares were listed at a premium of 10.98% compared with the IPO issue price of ₹82 per share in the upper price band on the NSE. On the NSE, the shares opened at ₹91 apiece. On the BSE, the stock was listed at ₹92.02 apiece, at a premium of 12.22%.

Bombay Coated And Special Steels IPO And Subscription Details

The Bombay Coated And Special Steels IPO carried a price band of ₹78-82 per share. It was open for subscription from 29 October to 2 November 2026. The IPO’s size was pegged at ₹183 crore and had a lot size of 182 shares.

Investors placed bids for more than 13.5 crore shares against an issue size of around 2.23 crore shares. Non-institutional investors (NIIs) drove the subscription, with their portion witnessing 158.32 times demand.

Qualified institutional bidders (QIBs) subscribed to their allocated quota 35.50 times, while retail investors bid 33.73 times the shares reserved for them.

Smart Horizon Capital Advisors Pvt Ltd was the book-running lead manager of the IPO, while KFin Technologies Ltd was the issue registrar.

About Bombay Coated And Special Steels

Bombay Coated & Special Steels is engaged in processing steel coils into finished and customised steel products. Its operations include slitting, shearing, cut-to-length processing and embossing to meet the requirements of industrial buyers.

The company caters to manufacturers across different industries and has production facilities in Wada and Bhiwandi (Maharashtra), Ghiloth (Rajasthan) and Sri City (Andhra Pradesh).

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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer

About the Author
Neha Dubey
Neha Dubey

Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.

Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.

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