Bombay Coated & Special Steels IPO
Bombay Coated & Special Steels IPO is a mainboard IPO raising ₹183 Cr at ₹78 – ₹82 a share. The smallest application you can make is 182 shares, costing ₹14,924 at the top of the band. Bidding opens on 29 Oct 2026.
Bidding has not opened yet, so there is nothing to subscribe to.
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. fresh issue stated + OFS by subtraction from exchange total Rs183 Cr. Checked: exchange issue size Rs183 Cr vs derived Rs183.1 Cr (0.1% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 66% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| BMW Industries Limited | 14.98× | 10.15% | ₹3.35 |
| Manaksia Coated Metals & Industries Limited | 31.03× | 11.96% | ₹4.18 |
| Shiv Aum Steels Limited | 98.54× | 4.73% | ₹5.47 |
| This issue | 10.7× | 25.12% | ₹7.64 |
derived: cut-off price Rs82 / stated EPS Rs7.64 (FY ended March 31, 2026; diluted EPS, restated and adjusted for the 3:1 bonus issue). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.