Bombay Coated Steels Refiles IPO Papers, Ups Fundraise to Rs 191 Crore

• Mumbai-based Bombay Coated and Special Steels refiled IPO papers on January 28 to raise Rs 191 crore, primarily to reduce its debt burden.
• The IPO is entirely a fresh issue of shares, with no offer-for-sale component, ensuring all proceeds go to the company.
• Rs 125 crore from the IPO will be used for debt repayment, and Rs 18 crore for acquiring capital equipment under lease arrangements with Siemens Financial Services.
• The company's total outstanding borrowings were Rs 273.6 crore as of November 2025, up from Rs 254 crore in July 2025.
• Bombay Coated reported a profit of Rs 11 crore on revenue of Rs 491.5 crore for the six months ended September 2025, with fiscal 2025 profit growing 35.6% to Rs 28.7 crore.

Why It Matters: Bombay Coated and Special Steels refiles IPO papers, aiming to raise Rs 191 crore to reduce debt and fund expansion.