New Delhi. The initial public offering (IPO) of Bombay Coated and Special Steels Limited has been subscribed a total of 3.98 times (almost 4 times) till the stock market close on the second day of bidding.
According to data available on the stock exchange on Friday, investors have placed their bids for 6,25,74,512 shares against the total number of 1,65,33,012 shares.
According to data released by stock exchanges BSE and NSE, the qualified institutional buyer (QIB) portion was subscribed 6.56 times on the second day, while the retail portion was subscribed 3.02 times. Apart from this, the non-institutional portion has been subscribed 1.8 times.
The initial public offering (IPO) of Bombay Coated and Special Steels Limited worth Rs 183.06 crore was open for investment from investors on October 29, which will close on November 2, 2026.
The company has fixed the price band for this at Rs 78-82 per share. The face value of each of its shares is Rs 10. A day before the issue opened, Bombay Coated & Special Steels had raised about Rs 54 crore from anchor investors.
It is noteworthy that this company is a steel processing center, which converts steel coils into value-added processed steel products.