Bombay Coated and Special Steels Limited IPO Subscription Update: Issue Subscribed 3.58x on Day 2

Bombay Coated and Special Steels Limited IPO Subscription Update: Issue Subscribed 3.58x on Day 2
Published on October 30, 2026|Author: Joshua Gaikwad
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On the second day, Bombay Coated and Special Steels Limited received bids for 5,92,31,172 shares against 1,65,33,012 shares available for subscription, according to NSE data. The retail investor category was subscribed 2.73, while the Non-Institutional Investor (NII) and Qualified Institutional Buyer (QIB) categories received 1.53 and 6.55 bids, respectively, at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues. Till: 30-Oct-2026 3:18 pm

Sr. No. Category Subscription (Times)
1 Qualified Institutional Buyers (QIBs) 6.55
2 Non-Institutional Investors (NIIs) 1.53
3 Retail Individual Investors (RIIs) 2.73
- Total 3.58

Till: 30-Oct-2026 3:18 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–Rs.82 per share, with a lot size of 182 shares.

The company plans to use the proceeds primarily for debt repayment of Rs.125 crore, capital equipment acquisition worth Rs.15.77 crore and general corporate purposes. The IPO is open from October 29 to November 2, 2026, with allotment expected on November 3 and listing scheduled for November 5 on the BSE and NSE. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, and 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)

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations