Bombay Coated and Special Steels Limited IPO

What the offer document says about this issue: the terms, then three years of restated revenue and profit and the ratios that follow.

  • Issue terms
  • Financials
  • Ratios
  • Sources
Price band
₹78–82
per share · face value Rs. 10
Lot size
182 shares
₹14,924 at the upper band
Issue window
29 Oct 2 Nov
Revenue FY2026
₹1,266.82 Cr
+20.0% on the year before

Issue terms

Issue period
29 Oct 2026 to 2 Nov 2026
Minimum application
₹14,924
Issue type
Book Building
Listing at
NSE (EQ series)
Fresh issue / offer for sale
Fresh issue
Face value
Rs. 10 per Equity Share
Lead managers
Smart Horizon Capital Advisors Private Limited
Registrar
KFin Technologies Limited

Issue size as stated: Initial Public Offer comprising of Fresh Issue aggregating upto Rs. 1,830.57 million (including Anchor reservation portion of 65,97,500 Equity Shares)

Restated financials ₹ crore unless stated

Year ended 31 MarchFY2024FY2025FY2026to 30 Jun 2026part-year
Revenue from operations755.261,055.711,266.82397.08
EBITDA49.1774.0986.0932.17
Profit before tax28.2137.1640.7920.65
Profit after tax21.1428.6730.5415.08
Earnings per share (₹)5.347.247.643.72
Total equity54.3683.05121.58136.62
Borrowings234.16276.96338.45273.69
Revenue from operations (₹ crore)
  • FY2024755.26
  • FY20251,055.71+39.8%
  • FY20261,266.82+20.0%
Profit after tax (₹ crore)
  • FY202421.14
  • FY202528.67+35.6%
  • FY202630.54+6.5%
Equity and borrowings (share of the two together)EquityBorrowings
  • FY202419%81%
  • FY202523%77%
  • FY202626%74%
Out of every ₹100 of revenue (latest full year)
  • Revenue₹100.0
  • EBITDA₹6.8
  • Profit after tax₹2.4

What the numbers work out to latest full year, FY2026

Revenue growth
+20.0%
Latest year against the one before
Profit growth
+6.5%
Profit after tax, same comparison
Revenue CAGR
29.5%
Compound yearly rate over 2 years
Profit CAGR
20.2%
Compound yearly rate over 2 years
EBITDA margin
6.8%
EBITDA ÷ revenue from operations
Net profit margin
2.4%
Profit after tax ÷ revenue
Return on equity
25.1%
Profit ÷ year-end total equity, before the issue
Debt / equity
2.78x
All borrowings ÷ total equity, before the issue
Price band ÷ EPS
10.7x
Upper price band ÷ latest full-year EPS. Arithmetic only

How to read this page

Restated means the company has re-presented its past accounts on a consistent basis for the offer document, so years can be compared. Profit after tax is what is left after all costs and tax; EBITDA is profit before interest, tax, depreciation and other income.

Growth rates look strong or weak depending on the year they start from, so the table shows every year. Return on equity and debt are measured on the balance sheet before the new money comes in; the issue changes both.

Limits to keep in mind

  • The figures were read from the offer document by software and checked for internal consistency; confirm anything important against the document itself.
  • The part-year column covers only some months and is not a full year, so it is left out of growth and margin figures.
  • Terms such as the price band can change before the issue opens. The offer document and the exchange notice are the authority.
  • Use of proceeds, promoter holding and peer comparisons are in the offer document and are not summarised here.

Sources

Educational information only: not investment advice, research or a recommendation to apply for, buy, sell or hold any security. Past performance does not indicate future results. Read the Disclaimer.