The Bombay Coated and Special Steels IPO subscription status on the final day, 2 November 2026, was 60.77x overall. non-institutional investors bid the most. The final book was seen on our tracker at 5:10 PM.
How much did each category bid?
| Category | Times subscribed |
|---|---|
| QIB (institutional buyers) | 35.5x |
| NII (non-institutional), total | 158.32x |
| bNII (bids above ₹10 lakh) | 183.52x |
| sNII (bids of ₹2–10 lakh) | 107.91x |
| Retail | 33.73x |
| Total | 60.77x |
Retail investors bid 33.73x their quota. Once a portion is oversubscribed, allotment is by lottery.
In the non-institutional part, big bids above ₹10 lakh came in at 183.52x. Smaller bids of ₹2 lakh to ₹10 lakh came in at 107.91x. The employee quota was at no employee quota.
What our data shows
The GMP stayed in a narrow range through the issue, between ₹7 and ₹9. Across the last 10 mainboard debuts, the grey market missed the final listing gain by about 3.5 points on average. Six times it was too low.
What is the GMP now?
The latest quote for the Bombay Coated and Special Steels IPO GMP is ₹9.25 (11.28%). Dealers set that quote, not the exchange, and it can move before listing.
What does the company do?
Bombay Coated and Special Steels is a steel processing company. It buys steel coils from mills and cuts, slits and embosses them. Most of its sales go to makers of home and commercial appliances. It runs four plants in Maharashtra, Rajasthan and Andhra Pradesh.
The issue is entirely fresh, worth ₹183.06 crore, so all the money goes to the company. Of this, ₹125 crore is to repay borrowings. Another ₹18 crore is to pay for leased equipment.
| Item | Detail |
|---|---|
| Price band | ₹78–82 |
| Lot size | 182 shares |
| Minimum at upper band | ₹14,924 |
| Issue size | ₹183.06 crore, fresh issue only |
| Registrar | KFin Technologies |
What the financials show
Total income was ₹1,269.83 crore in FY2026, up from ₹1,058.65 crore a year earlier. Profit after tax was ₹30.54 crore, up from ₹28.67 crore. Borrowings were ₹338.45 crore on 31 March 2026, against a net worth of ₹121.58 crore. Margins are thin, as is common for steel processors.
What happens next
The basis of allotment is due on 3 November 2026. Refunds and demat credit follow on 4 November. Shares list on BSE and NSE on 5 November. You can check your status on our subscription page and, once it is out, through the steps in our allotment status guide.
