Kasturi Metal Composite IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 27 Jan 2026
Close Date
Thu, 29 Jan 2026
Price Band
₹ 61 – 64
Lot Size
2000
Issue Size
₹ 18.00 Cr
Minimum Investment
₹ 256,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kasturi Metal Composite IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹18.00 Crore.
The Kasturi Metal Composite IPO remained open for subscription from January 27, 2026, to January 29, 2026. The basis of allotment was finalized on January 30, 2026, and the company's shares were listed on BSE SME Platform on February 03, 2026.
The company had fixed the price band at ₹61 to ₹64 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kasturi Metal Composite Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kasturi Metal Composite IPO Timeline (Tentative)
- IPO Open Date
- Tue, 27 Jan 26
- IPO Close Date
- Thu, 29 Jan 26
- Basis of Allotment
- Fri, 30 Jan 26
- Initiation of Refunds
- Mon, 02 Feb 26
- Credit of Shares to Demat
- Mon, 02 Feb 26
- Listing Date
- Tue, 03 Feb 26 — NSE & BSE
Open Date
27 January 2026
Close Date
29 January 2026
Basis Of Allotment
30 January 2026
Listing Date
03 February 2026
IPO Subscription
Check Live Subscription →The Kasturi Metal Composite IPO has received bids for 3,26,52,000 shares against 18,32,000 shares offered, resulting in an overall subscription of 17.82x. the NII category is subscribed 39.23x, Retail Investors 16.49x, and QIBs 4x.
QIB
4x
NII
39.23x
RII
16.49x
Total
17.82x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,16,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,22,000 shares (28.49%), while Non-Institutional Investors (NIIs) receive 3,94,000 shares (21.51%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 522,000 | 28.49% |
| Non-Institutional | 394,000 | 21.51% |
| BNII | 262,000 | 14.3% |
| SNII | 132,000 | 7.21% |
| Retail Investors | 916,000 | 50% |
| Total | 1,832,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kasturi Metal Composite Limited KPI Information
| 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 |
| Pat Margin % | 7.71 | 3.64 | 4.73 | 4.02 |
Peers Comparison
No Peer Comparision Available
About Kasturi Metal Composite Limited
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.
Kasturi Metal Composite IPO 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%
Kasturi Metal Composite IPO Objective
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
Kasturi Metal Composite Limited Address / Contact Details
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
Kasturi Metal Composite IPO Lot Size
The Kasturi Metal Composite IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,56,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,56,000.
| 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 |
Issue Reservation
- QIB — 28.49%
- NII — 21.51%
- RII — 50%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kasturi Metal Composite IPO?
Kasturi Metal Composite IPO is a Book-building IPO with a total issue size of ₹18 crore. The Kasturi Metal Composite IPO price band is ₹61 to 64 per share. The Kasturi Metal Composite IPO subscription opens on Tue, Jan 27, 2026, and closes on Thu, Jan 29, 2026. The Kasturi Metal Composite IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Kasturi Metal Composite IPO.
When will the Kasturi Metal Composite IPO open for subscription?
The Kasturi Metal Composite IPO opens on Tue, Jan 27, 2026 and closes on Thu, Jan 29, 2026
What is Kasturi Metal Composite IPO Price Band?
Kasturi Metal Composite IPO Price Band is ₹61 to 64 per share.
What is Kasturi Metal Composite IPO Lot Size?
Kasturi Metal Composite IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Kasturi Metal Composite IPO?
The minimum investment for Kasturi Metal Composite IPO is ₹256000, based on one lot of 2000 shares at the upper price band of ₹64 per share.
How to apply for Kasturi Metal Composite IPO?
Investors can apply for the Kasturi Metal Composite IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 29, 2026. The application amount remains blocked until the Kasturi Metal Composite IPO allotment is finalized.
What is Kasturi Metal Composite IPO Issue Size?
Kasturi Metal Composite IPO issue size is ₹18 crores.
What is the Kasturi Metal Composite IPO Allotment Date?
Kasturi Metal Composite IPO allotment date is Fri, Jan 30, 2026.
Who is the Kasturi Metal Composite IPO Registrar?
The registrar for Kasturi Metal Composite IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Kasturi Metal Composite IPO allotment status, refund processing, and other IPO-related information.
Who is the Kasturi Metal Composite IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kasturi Metal Composite IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kasturi Metal Composite IPO Red Herring Prospectus (RHP).