Bombay Coated and Special Steels Limited IPO
BCSSL · Metals & Mining · Open for bidding
Updated as on 30-Oct-2026 17:03:00 · Source: NSE (official issue & subscription data) · Issue: Initial Public Offer comprising of Fresh Issue aggregating upto Rs. 1,830.57 million (including Anchor reservation portion of 65,97,500 Equity Shares)
Traddx read: Strong demand
- Demand is broad and institution-led.
- Strong institutional demand — QIB subscribed 6.6× (big investors are backing it).
- Retail is piling in (3.0×) — popular, but retail froth can fade after listing.
- Overall subscription 3.8×.
- This summarises subscription demand only — it is information, not a recommendation to apply or avoid. Not investment advice.
- Grey market premium is modest (~11%, unofficial).
Bombay Coated and Special Steels Limited is open for bidding in the Metals & Mining space, with a price band of Rs.78 to Rs.82 and an issue size of ₹183 Cr. The grey market premium (unofficial, via ipowatch.in) is around ₹9 (~11% over the issue price), a rough and volatile hint of listing demand. Traddx's read is based on official subscription demand and how listed peers are valued — see the breakdown below.
Subscription by category
| Investor category | Times subscribed |
|---|---|
| QIB (institutions) | 6.56× |
| Non-institutional (NII) | 1.80× |
| Retail | 3.02× |
| Total | 3.78× |
How the sector is valued (listed Metals & Mining peers)
| Company | Price | P/E | P/B | Net margin |
|---|---|---|---|---|
| JSWSTEEL | ₹1245.0 | 33.56 | — | 8.08% |
| TATASTEEL | ₹167.7 | 12.26 | — | 12.29% |
| SAIL | ₹159.7 | 11.93 | — | 5.54% |
| JINDALSTEL | ₹1055.4 | 43.49 | — | 5.64% |
Compare the IPO's asking price against what already-listed peers trade at — a much richer valuation than peers usually signals a pricey issue.