IPO
Bombay Coated and Special Steels IPO 2026: GMP, Price Band, Review and Allotment
Bombay Coated and Special Steels IPO: price band Rs 78-82, lot size 182 shares, GMP Rs 8, listing 2026-11-05. Review risks and allotment steps.
WealthDox Editorial · Published 26/10/2026 · 10 min read · Updated 26/10/2026
About Bombay Coated and Special Steels: Business Model and Revenue
Bombay Coated and Special Steels is a company operating in the steel sector, and its name suggests a focus on coated and specialty steel products. Coated steel is steel that has been given a protective layer, usually to prevent rust and extend product life.
Such products are commonly used in construction, home appliances, automotive parts, and general industrial applications. Special steel refers to grades made for specific strength, durability, or finish requirements, and these often sell at a different price point than standard steel.
Before applying, you should read the company's business section in the offer document to confirm the exact product mix, plant locations, installed capacity, and the share of revenue coming from each product line.
Revenue should also be checked for the most recent full financial years, along with the number of major customers. If a large share of sales comes from a few buyers, the business may be more exposed to any change in those relationships.
The issue size is currently listed as to be announced, so the total fresh capital and offer for sale amounts are not yet confirmed. You can track live status and updates on the live IPO page as the offer progresses.
IPO Details: Price Band, Lot Size and Minimum Investment
The price band for the Bombay Coated and Special Steels IPO is Rs 78 to Rs 82 per share. Investors bid in lots, and each lot contains 182 shares.
At the upper price band of Rs 82, one lot costs 182 x 82 = Rs 14,924. At the lower price band of Rs 78, one lot costs 182 x 78 = Rs 14,196.
Retail individual investors usually bid at the cut-off price, which is the final price fixed after book building, so the amount blocked is commonly calculated at the upper band.
For retail investors, the maximum application is generally 13 lots, which is 13 x 182 = 2,366 shares. At Rs 82, that comes to 2,366 x 82 = Rs 1,94,012, which is within the Rs 2 lakh limit for the retail category.
Investors in the non-institutional category (NII) generally need a minimum of 14 lots, which is 14 x 182 = 2,548 shares. At Rs 82, that is 2,548 x 82 = Rs 2,08,936.
The IPO opens on 2026-10-29 and closes on 2026-11-02. Always confirm the final cut-off price and lot details in the official announcement, as the final numbers depend on the issue terms.