Steel processing company Bombay Coated and Special Steels is set to tap the capital markets to raise Rs 183.06 crore through an initial public offering (IPO). The public issue will open for subscription on October 29 and close on November 2.
The IPO comprises an entirely fresh issue of equity shares. The issue size has been marginally reduced from the Rs 191 crore proposed in the draft offer document, which was refiled in January 2026 and subsequently approved by the Securities and Exchange Board of India (SEBI) in June 2026.
The company is expected to announce the price band in the coming days.
The anchor book will open for subscription on October 28 for a single day, while trading in the company's shares is expected to commence on the stock exchanges on November 5.
Bombay Coated and Special Steels operates as a steel processing centre, converting steel coils into value-added processed steel products. It serves as an intermediary between primary steel producers and end-users by providing value-added processing services.