Bombay Coated & Special Steels IPO allotment today; check status on BSE, NSE and registrar

The qualified institutional buyer (QIB) category was subscribed 35.50 times, while the retail investor portion received 33.73 times subscription. In the grey market, Bombay Coated & Special Steels shares were commanding a premium of around 11 percent on November 2, according to InvestorGain. Read Also: BLS Polymers shares make blockbuster debut at 65% premium on NSE — should you buy, sell or hold?

However, the grey market premium (GMP) is an unofficial indicator of investor sentiment and does not guarantee listing gains. It can fluctuate before the stock market debut and should not be treated as a prediction of the actual listing price. The company's shares are scheduled to list on the BSE and NSE on November 5. Bombay Coated & Special Steels IPO allotment status: How to check Investors can check their allotment status online once the basis of allotment is finalised.

Check allotment status on KFin Technologies Step 1. Visit the KFin Technologies IPO allotment website at https://ipostatus.kfintech.com/ Step 2. Select Bombay Coated & Special Steels from the list of issues, once available. Step 3. Choose an identification option, such as PAN or application number. Step 4. Enter the required details and submit. Step 5. Your allotment status will be displayed on the screen.

Check allotment status on BSE 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check 2. Select 'Equity' as the issue type. 3. Choose Bombay Coated & Special Steels from the IPO list. 4. Enter your application number or PAN, as requested. 5. Submit the details to view your allotment status. Check IPO bid details on NSE Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2. Select the relevant IPO from the issue list. Step 3. Enter the required application details and submit to verify your bid. Step 4. Your allotment status will be displayed on the screen. The IPO opened for subscription on October 29 and closed on November 2. The company fixed the price band at Rs 78 to Rs 82 per share. The minimum lot size was 182 shares, translating into an investment of Rs 14,924 at the upper end of the price band.

The Rs 183.06-crore IPO comprises an entirely fresh issue of approximately 2.23 crore equity shares. The company will receive the proceeds from the offering to fund its business requirements. Bombay Coated & Special Steels plans to use Rs 125 crore from the net proceeds to repay or prepay certain borrowings. Another Rs 15.77 crore has been earmarked for costs associated with acquiring capital equipment under existing lease arrangements with Siemens Financial Services Private Limited.

The remaining amount will be used for general corporate purposes. The basis of allotment is expected to be finalised on November 3. Refunds for unsuccessful applicants and credit of allotted shares to demat accounts are scheduled for November 4, ahead of the November 5 listing. Smart Horizon Capital Advisors is the book-running lead manager to the issue, while KFin Technologies is the registrar. About Bombay Coated & Special Steels

Bombay Coated & Special Steels is a steel processing company that converts steel coils into processed steel products through operations such as slitting, cut-to-length processing, shearing and embossing. Its products cater to industrial customers that require processed steel for their manufacturing operations. The company's manufacturing facilities are located in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh.