Bombay Coated & Special Steels Ltd’s initial public offering (IPO) opened for subscription on Thursday, October 29, receiving a strong response in the first few hours of bidding. The issue was subscribed 0.86 times overall as of 11:39 AM. The qualified institutional buyers, excluding anchor investors, subscribed 1.41 times their allotted portion, while the retail portion was subscribed 0.38 times and the non-institutional investor segment 0.16 times.