Bombay Coated and Special Steels Limited IPO Subscription Update: Issue Subscribed 2.55x on Day 1
On the first day of bidding, Bombay Coated and Special Steels Limited received bids for 4,21,57,024 shares against 1,65,33,012 shares available for subscription 2.55 times, according to NSE data. The Retail Individual Investor (RII) category was subscribed 1.06 times, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion were subscribed 0.56 times and 6.55 times, respectively, at the time of the update. The IPO was subscribed 0.64 times overall. Investors can also visit our IPO page to track subscription updates and other upcoming public issues. Till: 29-Oct-2026 3:36 Pm
| SR. NO. | CATEGORY | NO. OF TIMES SUBSCRIBED |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 6.55 |
| 2 | Non-Institutional Investors (NIIs) | 0.56 |
| 3 | Retail Individual Investors (RIIs) | 0.83 |
| - | Total | 2.55 |
Till: 29-Oct-2026 3:36 Pm
Bombay Coated and Special Steels Limited IPO Overview and Purpose
Bombay Coated and Special Steels Limited processes steel coils into slit coils, blanks and sheared steel products for industries such as automotive, home appliances and engineering. Its Rs. 183.06 crore IPO comprises a fresh issue of 2.23 crore shares, priced at Rs. 78 to Rs. 82 per share, with a lot size of 182 shares.
The proceeds will primarily be used to repay debt worth Rs. 125 crore, acquire capital equipment worth Rs. 15.77 crore and meet general corporate purposes.
The IPO is open from October 29 to November 2, 2026. Allotment is expected on November 3, and listing is scheduled for November 5 on the BSE and NSE. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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