Anand Rathi rates Bombay Coated and Special Steels IPO as a long-term subscribe
Anand Rathi recommends a long-term subscription to the IPO of India's Bombay Coated and Special Steels, priced at the top of its band at Rs 82.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Bombay Coated and Special Steels Ltd, an Indian steel processing company, is opening its share sale. According to TradingView, which cites research from Anand Rathi, the offer is set at the upper end of the price band, Rs 82 per share.
The brokerage's valuation rests on multiples: about 16.9 times FY26 earnings and 9.8 times FY26 EV/EBITDA, with a post-issue market value near Rs 5,152 million. Analysts compare it with BMW Industries, Manaksia Coated Metals and Shiv Aum Steels, and point to a 25.1% return on net worth. Their verdict is a "Subscribe - Long Term" rating.
why it matters
The company slits, cuts and embosses steel coils for makers of home appliances and general engineering goods, so its results track those end markets. For investors this is a small niche listing, and demand for the shares will depend mainly on appetite for new issues in India. A single brokerage rating is one opinion; the prospectus and personal research should inform any decision.
tags
instruments
sources
- Subscribe for Bombay Coated and Special Steels Ltd IPO; Anand Rathi — TradingView, 28 October 2026 at 04:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗