📰 ET Markets 🟢 BULLISH 🕒 29 Oct 2026, 09:07 AM IST

Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe?

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Core Development: Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe?

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Market & Financial Impact: Bombay Coated & Special Steels’ Rs 183.06-crore IPO opens on October 29, 2026, with a price band of Rs 78–82 and an 11% grey market premium. The company reported 20% revenue growth and 7% profit growth in FY26. Anand Rathi recommends subscribing for long-term investment, citing reasonable valuation and growth prospects.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Bombay Coated & Special Steels Ltd. plans to utilise the IPO proceeds to repay or prepay, in full or in part, certain borrowings worth Rs 125 crore.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe?

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