Bookbuilding IPO | ₹191 Cr | Listing at BSE, NSE |
Bombay Coated & Special Steels Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on October 30, 2025.
Bombay Coated & Special Steels Ltd. IPO was a Book Build Issue of ₹191.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares were proposed to be listed on NSE and BSE. Smart Horizon Capital Advisors Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹191 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹191 Cr) |
| Share Holding Pre Issue | 4,05,00,091 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Sep 26, 2025 |
| Offer document withdrawn | Thu, Oct 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Issue |
| Retail Shares Offered | Not more than 35% of the Issue |
| NII Shares Offered | Not less than 15% of the Issue |
Bombay Coated & Special Steels is one of India’s leading steel processing centres. Its main business is converting steel coils into high-quality processed steel products like slit coils, blanks, and sheets. The company specializes in slitting, cut-to-length, shearing, and embossing.
Its products are used by Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) across various industries, including home and commercial appliances (like air conditioners, refrigerators, washing machines, water heaters), and general engineering (such as automotive components, electrical parts, cleanrooms, and ventilation systems).
The company has been an authorised service partner of JSW Steel Coated Products Limited since 2021, from whom it source steel coils. It also buy from other suppliers and process the material using modern machinery to meet customer specifications.
The company has processing units in Wada, Bhiwandi, Ghiloth and Sricity, covering 42,209 sq. meters. Its Rajasthan unit is GEM 4-certified for green manufacturing. The company's current installed capacity for slitting, cut-to-length, shearing, and embossing stood at 350,411 MTPA.
As of September 30, 2025, the company had 153 full-time employees and (4) four retainership employees.
Business Strengths
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 451.71 | 458.21 | 350.21 | 270.73 |
| Total Income | 492.91 | 1,058.65 | 765.41 | 591.89 |
| Profit After Tax | 11.01 | 28.67 | 21.14 | 15.67 |
| EBITDA | 38.51 | 74.09 | 49.17 | 37.65 |
| NET Worth | 94.07 | 83.05 | 54.36 | 33.24 |
| Reserves and Surplus | 54.47 | 73.15 | 44.46 | 23.34 |
| Total Borrowing | 270.94 | 276.96 | 234.16 | 168.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company | 120.00 |
| 2 | Financing the cost towards acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited; and | 15.00 |
| 3 | General corporate purposes |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 12.45% | 41.76% |
| ROCE | 9.07% | 18.78% |
| Debt/Equity | 2.88 | 3.33 |
| RoNW | 11.72% | 34.54% |
| PAT Margin | 2.24% | 2.72% |
| EBITDA Margin | 7.84% | 7.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.08 | |
| Promoter Holding | 97.78% |
Lead Manager Reports
Bombay Coated and Special Steels IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹191 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Bombay Coated and Special Steels IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bombay Coated and Special Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Bombay Coated and Special Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bombay Coated and Special Steels IPO through Zerodha
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The Bombay Coated and Special Steels IPO dates are not announced. Please check back again after some time.
Bombay Coated and Special Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bombay Coated and Special Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bombay Coated and Special Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bombay Coated and Special Steels IPO allotment status.
The Bombay Coated and Special Steels IPO listing date is not yet announced. The tentative date of listing is .
