Bombay Coated & Special Steels IPO Subscription Status Day 1: Issue Subscribed 0.45 Times

Mumbai, October 29: The Bombay Coated & Special Steels IPO recorded an overall subscription of 0.45 times as of 5:00 PM IST on October 29, 2026, the opening day of bidding, according to the BSE subscription snapshot provided. The retail individual investor category recorded subscription of 0.74 times, while the non-institutional investor (NII) segment stood at 0.36 times. The qualified institutional buyers (QIB) category showed no subscription multiple in the supplied data. The ₹183.06 crore book-built issue comprises entirely a fresh issue of approximately 2.23 crore equity shares. The company has fixed the price band at ₹78 to ₹82 per share, with a face value of ₹10 each. The IPO opened for public subscription on October 29, 2026, and will close on November 2, 2026. The Allotment is tentatively scheduled for November 3, 2026. Refunds and credit of shares to demat accounts are expected on November 4, followed by the proposed listing on the BSE and NSE on November 5, 2026.

Bombay Coated & Special Steels IPO Day 1 Subscription Status

As of 5:00 PM IST on October 29, 2026, the Bombay Coated & Special Steels IPO had received bids for 73,71,546 shares against 1,65,33,012 shares available for subscription across the categories shown in the supplied BSE data. Retail individual investors accounted for 61,10,104 shares bid against an allocation of 82,14,097 shares. The NII category received bids for 12,61,442 shares against 35,20,327 shares reserved for the segment. Within the NII portion, investors placing bids above ₹10 lakh and those bidding between ₹2 lakh and ₹10 lakh recorded different subscription levels. The category-wise figures are detailed below.

Bombay Coated & Special Steels IPO Day-wise Subscription Summary

The IPO opened for bidding on October 29, 2026. The supplied exchange snapshot captures the subscription position on the first day of the offer period.

The public issue will remain open for bidding until November 2, 2026. Subscription data for subsequent bidding days is not included in the supplied snapshot.

Bombay Coated & Special Steels IPO Timeline

The company’s IPO opened on October 29, 2026, with the bidding window scheduled to conclude on November 2. The allotment and listing milestones are tentative and remain subject to the applicable procedures.

Brief Overview of the Bombay Coated & Special Steels IPO

Bombay Coated & Special Steels Limited is raising approximately ₹183.06 crore through a book-built initial public offering consisting entirely of a fresh issue of up to 2,23,24,024 equity shares. There is no offer-for-sale component. The price band has been set at ₹78 to ₹82 per equity share, with a face value of ₹10. The minimum bid lot comprises 182 equity shares, requiring an investment of ₹14,924 at the upper end of the price band. Investors may place bids in multiples of 182 shares thereafter. Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the issue, while KFin Technologies Limited is the registrar. Bombay Coated & Special Steels operates in the steel processing industry, undertaking activities such as slitting, cut-to-length processing, shearing and embossing of steel coils. Its manufacturing and processing facilities are situated in Maharashtra, Rajasthan and Andhra Pradesh, serving industrial customers requiring processed steel products. The company intends to utilise ₹125 crore from the net issue proceeds towards repayment or prepayment of certain borrowings. Another ₹15.77 crore is proposed for expenses associated with acquiring capital equipment under existing lease arrangements with Siemens Financial Services Private Limited. The remaining proceeds are earmarked for general corporate purposes.

Source: 

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