Bombay Coated & Special Steels IPO Subscribed 3.98 Times on Day 2

Authored By HDFC SKY | Published at: Oct 30, 2026 05:14 PM IST

Bombay Coated & Special Steels IPO was subscribed 3.98 times by October 30, 2026, at 5:04 PM, with strong demand from qualified institutional buyers and retail investors.

Bombay Coated & Special Steels IPO Subscribed 3.98 Times on Day 2

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Mumbai, October 30: The Bombay Coated & Special Steels IPO was subscribed 3.98 times on the second day of bidding, with investors placing bids for 6,25,93,076 shares against 1,57,26,524 shares offered, as of 5:04 PM on Friday, according to subscription data.

The ₹183.06 crore book-built issue opened on October 29 and will close on November 2, 2026. The IPO is entirely a fresh issue of 2,23,24,024 shares. The price band is ₹78 to ₹82 per share, and the minimum retail investment is ₹14,924 for 182 shares at the upper price.

Bombay Coated & Special Steels IPO Subscription Status

The issue recorded an overall subscription of 3.98 times by 5:04 PM on October 30.

Investor Category	Subscription
Qualified Institutional Buyers (Ex-Anchor)	6.89x
Non-Institutional Investors (NII)	1.90x
bNII (above ₹10 lakh)	1.30x
sNII (below ₹10 lakh)	3.09x
Retail Investors	3.17x
Overall	3.98x

Qualified institutional buyers led demand with subscriptions of 6.89 times their allocated portion. Retail investors subscribed 3.17 times, while the NII category was subscribed 1.90 times.

Day-Wise Subscription Trend

Bidding Date	QIB (Ex-Anchor)	NII	Retail	Overall
October 29 (Day 1)	6.89x	0.76x	1.31x	2.81x
October 30 (Day 2)	6.89x	1.90x	3.17x	3.98x

Bombay Coated & Special Steels IPO Details

The company raised ₹54.10 crore from anchor investors on October 28, 2026. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar.

Key IPO Dates

IPO opening: October 29, 2026

IPO closing: November 2, 2026

Tentative allotment: November 3, 2026

Refunds: November 4, 2026

Share credit: November 4, 2026

Tentative listing: November 5, 2026, on BSE and NSE

About Bombay Coated & Special Steels

Bombay Coated & Special Steels Limited is a steel processing company that converts steel coils into processed products for original equipment manufacturers and original design manufacturers. Its services include precision slitting, cut-to-length processing, shearing and embossing.

Conclusion

The Bombay Coated & Special Steels IPO reached 3.98 times subscription by the second day, led by institutional demand and supported by retail participation. The issue remains open until November 2, 2026.

Source

https://www.nseindia.com/market-data/issue-information?symbol=BCSSL&series=EQ&type=Active

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