Bombay Coated & Special Steels Ltd's initial public offering (IPO) will open for subscription on October 29, as the steel processing company seeks to raise Rs 183.06 crore through a fresh issue of shares. The IPO will remain open for bidding until November 2.
The company has fixed the price band for the issue at Rs 78-82 per share. Investors can apply for a minimum of 182 shares in one lot, requiring an investment of Rs 14,924 at the upper end of the price band.
The tentative listing date for Bombay Coated & Special Steels shares on the BSE and NSE is November 5.
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In the grey market, Bombay Coated & Special Steels shares were commanding a premium of 11 percent as of 2 pm on October 28, according to InvestorGain. However, the GMP is an unofficial indicator of investor sentiment and does not guarantee the listing price or returns.