The Bombay Coated and Special Steels IPO allotment status is due on 3 November 2026. The ₹183.06 crore issue was subscribed 60.77 times when bidding closed on 2 November. Shares are due to list on the BSE and NSE on 5 November.
Key dates after the IPO closed
| Step | Date |
|---|---|
| Basis of allotment | 3 November 2026 |
| Refund of unallotted money | 4 November 2026 |
| Shares credited to demat | 4 November 2026 |
| Listing on BSE and NSE | 5 November 2026 |
Where to check your allotment status
The registrar is KFin Technologies. Once the basis of allotment is final, you can check on the KFin IPO status page, on the BSE or on the NSE with your PAN or application number. Our Bombay Coated IPO allotment page links to the registrar.
How likely was a lot for retail investors?
Retail investors bid 33.73 times their quota. Once a portion is oversubscribed, allotment is by lottery. As a rough estimate, about one retail application in 34 gets a lot.
One lot is 182 shares. At the upper band of ₹82, that is ₹14,924.
| Category | Subscribed |
|---|---|
| QIB | 35.5x |
| NII | 158.32x |
| Retail | 33.73x |
| Total | 60.77x |
What our data shows
The GMP was ₹8 on 3 November, about 9.8% above the issue price of ₹82. It has stayed between ₹7 and ₹9 since the issue opened. GMP is an unofficial grey market number, not an exchange price. On the last 10 mainboard listings it was off by about 5 percentage points on average.
What the company does
Bombay Coated and Special Steels is a steel processing company. It buys steel coils and cuts them into slit coils, blanks and sheets. Its biggest buyers are appliance makers.
The issue is entirely fresh, so all the money goes to the company. About ₹125 crore is meant to repay borrowings. Another ₹18 crore is for equipment now held on lease.
Who ran the issue
The lead manager is Smart Horizon Capital Advisors. On our records, 7 of its 10 earlier listings opened above the issue price. Its average listing gain was -0.9%. That is a record of past issues, not a view on this one.
What the analysts on IPO Guru said
Five analysts reviewed this IPO on IPO Guru. Three said Apply, one said Neutral and one said Avoid. You can read each note on our Bombay Coated IPO review page. These are their views, not ours.
If you did not get shares
Your blocked UPI amount is released on the refund date, 4 November. Nothing is debited for an application that gets no shares. If you did get shares, the money for them is debited on allotment.
What happens next
Unallotted money goes back to your account on 4 November. Shares reach your demat account the same day. Trading starts on 5 November. Track the live quote on the Bombay Coated IPO GMP page.
