Value-added steel processing and solutions provider Bombay Coated & Special Steels Limited made its official stock market debut on Wednesday, November 5, 2026, opening with healthy gains on the domestic bourses.
Priced at the upper limit of the issue band at ₹82.00 per share, the ₹183.06 crore mainboard public offering debuted on the National Stock Exchange (NSE) at ₹91.00, delivering a listing gain of ~10.98% (+₹9.00 per share). On the Bombay Stock Exchange (BSE), the stock opened even firmer at ₹92.02, marking a 12.22% premium for successful allottees.
Here is a quick look at its listing performance, subscription milestones, and financial highlights.
📊 Key Listing & Issue Details
| Item | Detail |
| Company Name | Bombay Coated & Special Steels Limited |
| Subscription Window | October 29, 2026 – November 2, 2026 |
| Listing Date | November 5, 2026 |
| Issue Price | ₹82.00 per share (at upper band) |
| NSE Listing Price | ₹91.00 per share (~10.98% gain) |
| BSE Listing Price | ₹92.02 per share (+12.22% gain) |
| Total Issue Size | ₹183.06 crore (Fresh Issue only) |
| Lot Size | 182 shares |
| Minimum Retail Investment | ₹14,924 (1 lot) |
| Listing Exchanges | BSE and NSE |
💰 Final Subscription Status Recap
Following its bidding closure on November 2, 2026, the issue wrapped up with overwhelming investor enthusiasm, registering an overall subscription of 63.89 times backed by heavy institutional and HNI traction:
| Category | Final Subscription (x) |
| Non-Institutional Investors (NII / HNI) | ~166.44x |
| Qualified Institutional Buyers (QIB) | ~37.32x |
| Retail Individual Investors (RII) | ~35.46x |
| Total Net Offer | ~63.89x |
(Source: Exchange Final Subscription Logs)
- HNI / NII Surge: Non-institutional investors drove the heaviest wave of demand, oversubscribing their reserved quota by over 166 times.
- Institutional & Retail Support: Qualified Institutional Buyers subscribed 37.32x, while retail investors solidly covered their portion at roughly 35.46x.
🎯 Issue Objectives & Use of Proceeds
The entire ₹183.06 crore proceeds came via a fresh issue structure (with no Offer for Sale component), allocated primarily toward:
- Debt Repayment (₹125.00 Cr): Clearing a substantial portion of outstanding company borrowings to lower interest overheads.
- Lease Financing Cost (₹15.77 Cr): Financing capital equipment acquisitions under existing lease arrangements with Siemens Financial Services.
- General Corporate Purposes: Supporting ongoing business operations and working capital needs.
📈 Financial Snapshot
- FY2026 Revenue: ₹1,269.83 crore (up from ₹1,058.65 crore in FY25)
- FY2026 Net Profit (PAT): ₹30.54 crore (compared to ₹28.67 crore in FY25)
- Return on Net Worth (RoNW): ~25.12%
⚠️ Disclaimer: This content is for informational purposes only and does not constitute professional investment advice. Review official financial filings and consult a certified financial advisor before trading or investing.