28 Sep 2025 | 5 Mins Read
Bombay Coated plans IPO to reduce debt
Flipitmoney
Bombay Coated and Special Steels, a Mumbai-based steel processing centre, has filed preliminary papers with SEBI for a maiden public issue to raise Rs 120 crore for debt reduction and Rs 15 crore for capital equipment acquisition. The IPO involves issuing 1.5 crore new shares without an offer-for-sale component, and the company expects proceeds will also be used for general corporate purposes.