Bombay Coated and Special Steels IPO: What Investors Should Know
Bombay Coated & Special Steels Ltd., a Mumbai-based steel processing company, has taken steps toward a public market debut by filing its Draft Red Herring Prospectus (DRHP) with India’s market regulator, SEBI, to launch an Initial Public Offering (IPO).
🏭 About the Company
Bombay Coated & Special Steels operates as a steel processing centre, converting raw steel coils into finished and semi-finished products such as slit coils, sheets, and blanks, which are used extensively by home appliance manufacturers, automotive parts makers, electrical equipment producers, and general engineering firms.
The firm has multiple manufacturing facilities across India with a combined installed capacity of around 350,000+ tonnes per year.
💡 IPO Highlights
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Type of Issue: Entirely a fresh issue of up to 15 million equity shares, with no offer-for-sale component.
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Purpose of Funds: Raise capital mainly for repaying debt, acquiring new equipment, and meeting general corporate needs.
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Lead Manager: Smart Horizon Capital Advisors will manage the book-building process.
