Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe?

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Bombay Coated & Special Steels’ Rs 183.06-crore IPO opens on October 29, 2026, with a price band of Rs 78–82 and an 11% grey market premium. The company reported 20% revenue growth and 7% profit growth in FY26. Anand Rathi recommends subscribing for long-term investment, citing reasonable valuation and growth prospects.