Bombay Coated & Special Steels IPO
Open Date
29 Oct 2026
Close Date
2 Nov 2026
Open Date
29 Oct 2026
Close Date
2 Nov 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed
IPO Open Now.

Founded In
2019
Director
Neelam Tater
Financials of Bombay Coated And Special Steels IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 755.26 | 1,055.71 | 1,266.82 |
| Other Income | 10.15 | 2.94 | 3.01 |
Total Income | 765.41 | 1,058.65 | 1,269.83 |
Total Expenses | 737.21 | 1,021.48 | 1,229.04 |
| Profit Before Tax | 28.21 | 37.16 | 40.79 |
Total Profit | 21.14 | 28.67 | 30.54 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company intends to utilise a portion of the Net Proceeds towards repayment/pre-payment, in full or in part, of certain outstanding borrowings availed from banks and financial institutions, including term loans and working capital facilities, along with accrued interest, to reduce indebtedness and debt servicing costs. | 125 |
| The company proposes to utilise a portion of the Net Proceeds towards acquiring ownership of capital equipment currently under lease arrangements with Siemens Financial Services Private Limited, aiming to reduce recurring lease and rental expenses and strengthen its fixed asset base. | 16 |
| The remaining Net Proceeds are intended to be deployed towards general corporate purposes, including funding growth opportunities, strategic initiatives, partnerships, tie-ups, acquisitions, and meeting ordinary course business expenses, subject to a cap of 25% of Gross Proceeds as per SEBI ICDR Regulations. | - |

- Established Relationship with JSWSCPL for Supply of Steel Coils: The company has been an authorised service partner of JSW Steel Coated Products Limited ('JSWSCPL') since 2021, sourcing approximately 85.13%, 86.65%, 90.61%, and 84.58% of total steel coil requirements from JSWSCPL for Q1 FY27, FY26, FY25, and FY24 respectively, ensuring consistent raw material supply and technical support.
- Long-Standing Relationships with Customers, Including OEMs and ODMs: The company has maintained long-term relationships with a diversified customer base of 178–261 customers across multiple industries; the top 10 customers contributed ₹9,036.03 million (71.33%) and ₹7,120.06 million (67.44%) of revenue from operations in FY26 and FY25 respectively, with ~98.05% of Q1 FY27 revenue derived from existing customers.
- Strategically Located Manufacturing Network Enabling Just-in-Time Supply and Cost-Efficient Operations: The company operates four manufacturing facilities at Wada, Bhiwandi (Maharashtra), Ghiloth (Rajasthan), and Sri City (Andhra Pradesh), totalling 42,209 sq. mtrs., strategically located near key OEM/ODM manufacturing hubs to enable just-in-time deliveries, reduce transit time, and lower freight costs.
- Integrated and Advanced Steel Processing Infrastructure: The company is equipped with high-precision slitting, cut-to-length, shearing, and embossing lines with an aggregate installed capacity of 1,23,153 MTPA (Q1 FY27), all ISO 9001:2015 certified, capable of processing steel coils with widths from 22 mm to 1,850 mm and thicknesses from 0.25 mm to 5.50 mm.
- High Entry Barriers Driven by Authorised Supplier Arrangements, Capital Intensity and Customer Approvals: The company operates in a capital-intensive environment characterised by high entry barriers, including substantial investments in specialised processing equipment, stringent OEM/ODM vendor qualification processes, technical audits, and the need for proximity to customer locations, reinforcing its competitive positioning.
- Experienced Promoters and Professional Management Team: The company is led by promoters with over 4 decades of steel industry experience; Mr. Vijaykumar Himatrai Gupta (40+ years) and Mr. Nitin Vijaykumar Gupta (20+ years), supported by a professional management team with strong operational, technical, and financial expertise enabling strategic growth and market expansion.

