Kasturi Metal Composite IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 61 – 64
Lot Size
2000
Issue Size
₹18 Cr
Minimum Investment
₹256000 (4000 Shares)
Listing Date
03 February 2026
Subscription
17.82x
About the Company
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fiber products catering to a wide range of industrial applications. The company has established itself as a reliable provider of high-performance reinforcement solutions for the construction, mining, infrastructure, and automotive sectors.
Business Operations
Kasturi Metal Composite Limited specializes in the manufacture of Steel Wool Fibers primarily used in brake pads and clutch applications. In addition, the company trades Durocrete Polypropylene (PP) Fibers and provides comprehensive concrete flooring solutions through its associate entity, Durafloor Concrete Solution LLP.
The company markets its products under the well-recognized brands Duraflex and Durabond, offering advanced reinforcement solutions for applications such as tunnels, roads, bridges, industrial floors, mines, and other critical infrastructure projects. These products are designed to enhance structural strength, durability, and overall quality.
Manufacturing Facilities
The company operates three manufacturing units located at MIDC Amravati, Maharashtra, ensuring efficient production and consistent product quality:
- Unit 1: Fine wire drawing operations
- Units 2 and 3: Manufacturing of steel fibers and mild steel wires
These integrated facilities enable the company to maintain operational efficiency and stringent quality control.
Product Portfolio
- Duraflex Steel Fibers:
High-strength steel fibers designed for use in tunnels, mines, and rock stabilization projects. These fibers improve concrete ductility, load-bearing capacity, and crack resistance. - Industrial Flooring Fibers:
Reinforcement fibers used in warehouses, factories, roads, and precast walls to enhance concrete strength and minimize cracking. - Durabond Steel Wool Fibers:
Steel wool fibers with high thermal stability, widely used for reinforcement in industrial and automotive applications. Available in multiple grades to meet diverse customer requirements.
Human Resources
As of October 31, 2025, Kasturi Metal Composite Limited employs 98 permanent full-time employees, reflecting its stable workforce and commitment to operational excellence.
Promoters
- Samit Surendra Singhai
- Akash Surendra Singhai
- Surendra Fatechand Singhai
- Lata Surendra Singhai
Promoters Holding
Holding Pre Issue
92.35%
Holding Post Issue
67.90%
Objects of the Issue
The Company Kasturi Metal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the capital expenditure towards construction of building, mechanical and electrical works, Interior work and procurement of plant and machinery for setting up a new manufacturing facility at Amravati, Maharashtra (“Proposed Factory IV”)
- General Corporate Purpose
Address / Contact Info
Kasturi Metal Composite Ltd.
A30/3/1,MIDC,
H. V. Nagar, Amravati,
Amravati, Maharashtra, 444605
Phone: +0721-2520293
Email: info@steelfiberindia.in
Website: http://www.steelfiberindia.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 27 January 2026
IPO Close Date
Thursday, 29 January 2026
Basis of Allotment
Friday, 30 January 2026
Initiation of Refunds
Monday, 02 February 2026
Credit of Shares to Demat
Monday, 02 February 2026
Listing Date
Tuesday, 03 February 2026 — NSE & BSE
Important Dates
Open Date
27 January 2026
Close Date
29 January 2026
Basis Of Allotment
30 January 2026
Listing Date
03 February 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44.43 | 35.57 | 33.45 | 21.71 |
| Revenue | 32.29 | 57.22 | 50.2 | 37.37 |
| Profit After Tax | 2.47 | 2.07 | 2.35 | 1.49 |
| Net Worth | 20.19 | 17.76 | 12.29 | 7.03 |
| Reserve & Surplus | 12.55 | 10.12 | 11.28 | 6.24 |
| Total Borrowings | 14.28 | 13.15 | 11.83 | 9.78 |
EPS Pre
2.71%
EPS Post
4.75%
P/E Pre
23.59
P/E (Post Issue)
13.47x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 13.01 | 13.8 | 24.35 | 23.76 |
| ROCE % | 12.35 | 13.76 | 18.43 | 17.24 |
| Debt / Equity | 0.71 | 0.74 | 0.96 | 1.39 |
| RoNW % | 12.03 | 11.54 | 18.98 | 21.23 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 7.71 | 3.64 | 4.73 | 4.02 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 522000 | 28.49 | 0 |
| Non-Institutional | 394000 | 21.51 | 0 |
| BNII | 262000 | 14.3 | 0 |
| SNII | 132000 | 7.21 | 0 |
| Retail Investors | 916000 | 50 | 0 |
| Total | 1832000 | 100 | 0 |
Subscription Status ( Thu, 29 Jan 26 01:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 522000 | 2086000 | 4x |
| Non-Institutional | 394000 | 15458000 | 39.23x |
| Retail Investors | 916000 | 15108000 | 16.49x |
| Total | 1832000 | 32652000 | 17.82x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 256,000.00 |
| Retail (Max) | 2 | 4,000 | 256,000.00 |
| S-HNI (Min) | 3 | 6,000 | 384,000.00 |
| S-HNI (Max) | 7 | 14,000 | 896,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,024,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Kasturi Metal Composite IPO is a Book-building IPO worth ₹18 crores. The price band is ₹61 to 64 per share. The IPO opens on Tue, Jan 27, 2026 and closes on Thu, Jan 29, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Kasturi Metal Composite IPO opens on Tue, Jan 27, 2026 and closes on Thu, Jan 29, 2026
Kasturi Metal Composite IPO Price Band is ₹61 to 64.
Kasturi Metal Composite IPO lot size is 2000, and the minimum amount required for application is ₹256000.
The minimum investment for Kasturi Metal Composite IPO is approximately ₹256000 based on the upper price band.
To apply for the Kasturi Metal Composite IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 29, 2026. After submission, funds are blocked until the basis of allotment of Kasturi Metal Composite IPO is finalised.
Kasturi Metal Composite IPO issue size is ₹18 crores.
Kasturi Metal Composite IPO allotment date is Sat, Jun 27, 2026.
The registrar for Kasturi Metal Composite IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Kasturi Metal Composite IPO through their official website or helpline.