Bombay Coated & Special Steels

Mumbai-based Bombay Coated & Special Steels has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on 28 January 2026.

The IPO is a fresh issue up to Rs 191 crore.

Incorporated in 2019, the company is a steel processing centre engaged in the business of converting steel coils into value-added processed steel products. Its core competencies include precision slitting, cut-to-length processing, shearing, and embossing of steel coils into slit coils and blanks/sheets (collectively referred to as Processed Steel Products).

The company caters to a diversified customer base comprising original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company, being a steel processing centre (SPC), operates as an intermediary between primary steel producers and end-users by providing value-added processing services.

For the home and commercial appliances sector, the company processes coated steel coils and hot-rolled steel coils into processed steel products used in the manufacture of various appliances. For the general engineering sector, the company undertakes specialized processing of non-coated and galvanised plain coils into blanks, used in automotive manufacturing, pharmaceutical cleanroom infrastructure, electrical equipment, and ventilation systems. In addition to manufacturing processed steel products, the company also performs logistics and inventory management functions.

And by maintaining adequate inventory levels and offering just-in-time delivery solutions, the company ensures timely and efficient supply of processed steel products to customers across urban as well as remote locations, thereby enhancing supply chain efficiency and cost optimization.

Swaraj Green Power and Fuel Limited

The company confidentially filed its draft IPO papers with SEBI on March 16, 2026. The proposed public issue comprises both a fresh issue of equity shares and an offer for sale (OFS), with Centrum Capital Ltd. serving as one of the Book Running Lead Managers (BRLMs) for the issue.

Swaraj Green Power and Fuel Limited Incorporated in 2010, Swaraj Green Power and Fuel Limited is a Maharashtra-based, integrated sugar and bio-energy company. They focus on sustainable manufacturing, operating a 7,500 TCD sugar mill, a 500 KLPD distillery for ethanol, and a 26.5 MW power plant. The company supports India’s Ethanol Blending Program by producing ethanol from sugarcane juice and molasses. The company operates a modern integrated complex producing sugar, ethanol, rectified spirit (ENA), and co-gen power. The company is recognized for best technology in environment preservation, aiming for low water usage (approx. 2.5 litres per litre of ethanol).