ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Kasturi Metal Composite IPO Details

Bookbuilding IPO | ₹18 Cr | Listed at BSE SME

IPO Details
Messages
GMP
Stock Price
Subscription
Reviews
Allotment
BoA
News
Calc
Kasturi Metal Composite IPO Logo

Kasturi Metal Composite IPO is a book build issue of ₹17.61 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹17.61 crore.

Kasturi Metal Composite IPO bidding started from Jan 27, 2026 and ended on Jan 29, 2026. The allotment for Kasturi Metal Composite IPO was finalized on Jan 30, 2026. The shares got listed on BSE SME on Feb 3, 2026.

Kasturi Metal Composite IPO price band is set at ₹64 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,56,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,84,000.

Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..

Refer to Kasturi Metal Composite IPO RHP for detailed Information.

IPO Open

Tue, Jan 27, 2026

IPO Close

Thu, Jan 29, 2026

Issue Price

₹64 per share

Market Cap (Pre-IPO)

₹66.53 Cr

IPO Details

IPO Date27 to 29 Jan, 2026
Listed onTue, Feb 3, 2026
Face Value₹10 per share
Price Band₹61 to ₹64
Issue Price₹64 per share
Lot Size2,000 Shares
Sale TypeFresh Capital
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size27,52,000 shares
(agg. up to ₹18 Cr)
Reserved for Market Maker
1,38,000 shares
(agg. up to ₹0.8832 Cr)
Hem Finlease Pvt.Ltd.
Net Offered to Public26,14,000 shares
(agg. up to ₹17 Cr)
Share Holding Pre Issue76,43,212 shares
Share Holding Post Issue1,03,95,212 shares
BSE Script Code 544688
ISININE0T1301023

IPO Timetable

IPOs Timetable

IPO Reservation

Kasturi Metal Composite IPO offers total 27,52,000 shares. Out of which 13,04,000 (47.38%) allocated to QIB, 5,22,000 (18.97%) allocated to QIB (Ex- Anchor), 3,94,000 (14.32%) allocated to NII 9,16,000 (33.28%) allocated to RII and 7,82,000 (28.42%) allocated to Anchor investors.

Investor Category Shares Offered
Market Maker Shares Offered 1,38,000 (5.01%)
QIB Shares Offered 13,04,000 (47.38%)
  − Anchor Investor Shares Offered 7,82,000 (28.42%)
  − QIB (Ex. Anchor) Shares Offered 5,22,000 (18.97%)
NII (HNI) Shares Offered 3,94,000 (14.32%)
  − bNII > ₹10L 2,62,000 (9.52%)
  − sNII < ₹10L 1,32,000 (4.80%)
Retail Shares Offered 9,16,000 (33.28%)
Total Shares Offered27,52,000 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,56,000
Individual investors (Retail) (Max) 2 4,000 ₹2,56,000
S-HNI (Min) 3 6,000 ₹3,84,000
S-HNI (Max) 7 14,000 ₹8,96,000
B-HNI (Min) 8 16,000 ₹10,24,000
IPO Subscription Details

IPO Anchor Investors

Kasturi Metal Composite IPO raises ₹5.00 crore from anchor investors. Kasturi Metal Composite IPO Anchor bid date is January 23, 2026.
📝 Anchor Investors Letter (PDF)

Bid DateFri, Jan 23, 2026
Shares Offered7,82,000
Anchor Portion (₹ Cr.)5.00
Anchor lock-in period end date for 50% shares (30 Days)Sat, Feb 28, 2026
Anchor lock-in period end date for remaining shares (90 Days)Wed, Apr 29, 2026
IPO Anchor Investors List

About Kasturi Metal Composite Ltd.

Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing supply and export of steel fiber products for industrial applications.

The company manufactures Steel Wool Fiber for brake pads and clutches, trades Durocrete PP Fibers, and offers concrete flooring solutions through Durafloor Concrete Solution LLP.

The company markets Duraflex and Durabond products for industries like construction, mining, and automotive, offering solutions for tunnels, roads, bridges, and more, ensuring structural integrity and quality.

The company operates three units in MIDC Amravati: Unit 1 for fine wire drawing, Units 2-3 for steel fibers and mild steel wire production, ensuring efficient operations and quality products.

Products Portfolio:
  • Duraflex Steel Fibers: High-strength fibers for tunnels, mines, and rock stabilization, enhancing ductility and load capacity.
  • Industrial Flooring Fibers: Strengthen concrete in warehouses, factories, roads, and precast walls, improving crack resistance.
  • Durabond Steel Wool Fiber: High thermal stability fibers, reinforcing structures, available in various grades for diverse applications.

As on October 31, 2025, the company has employed 98 permanent full-time employees.

Competitive Strengths:

  • Strong Manufacturing Capabilities
  • Strong portfolio and diverse range of Steel Fiber products
  • Stringent quality control mechanism ensuring standardized product quality
  • Established relationships with customers across various geographical locations
  • Experienced Promoter and Strong Management Team Our company is led by individual promoters Samit Surend.

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets44.4335.5733.4521.71
Total Income32.2957.2250.2037.37
Profit After Tax2.472.072.351.49
EBITDA4.805.695.403.97
NET Worth20.1917.7612.297.03
Reserves and Surplus12.5510.1211.286.24
Total Borrowing14.2813.1511.839.78
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding the capital expenditure towards, mechanical and electrical works, interior work and procurement of plant and machinery for setting up a new manufacturing facility at Amravati, Maharashtra (“Proposed Unit IV”) 13.29
2 General Corporate Purpose 1.89

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE13.01%13.80%
ROCE12.35%13.76%
Debt/Equity0.710.74
RoNW12.03%11.54%
PAT Margin7.71%3.64%
EBITDA Margin9.99%9.99%
Price to Book Value2.420.42
Pre IPOPost IPO
EPS Rs2.714.75
P/E (x)23.5913.47
Promoter Holding92.35%67.90%
Market Cap₹66.53 Cr.
Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Review

[Dilip Davda]
KMCL is engaged in the manufacturing of steel fiber products for industrial applications. It is catering in to domestic markets as well as having exports revenue. The company posted growth in its top lines for the reported periods, but its bottom line marked inconsistency. Bumper earnings for H1-FY26 (pre-IPO period) appears to be a window dressing for fancy valuations. Based on its financial data, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for long term.
Read detail review...

Kasturi Metal Composite IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0000
Members0001

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to the BRLM (inclusive underwriting commission) 1.25
2 Fees Payable to the Registrar to the Issue 0.01
3 Fees Payable for Advertising and Publishing Expenses 0.05
4 Fees Payable to the Regulators including Stock Exchanges 0.09
5 Payment for Printing & Stationery, Postage, etc. 0.01
6 Fees Payable to Auditor, Legal Advisors and other Professionals 0.25
7 Others, if any (Fees payable for Marketing & distribution expenses, Sponsor Bank/Bank(s) to the Issue, Selling Commission, Brokerage, depositories, Depository Participant, Processing Fees*, consultant fees and Miscellaneous Expenses) 0.77

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price₹64.00
Open₹64.00
Low₹60.80
High₹64.50
Last Trade₹63.16

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Kasturi Metal Composite Ltd. Address
A30/3/1,
MIDC,
H. V. Nagar, Amravati,
Amravati, Maharashtra, 444605
Open an Instant Account with Zerodha

IPO FAQs

Kasturi Metal Composite IPO is a SME IPO of 27,52,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.

The IPO opens on Tue, Jan 27, 2026, and closes on Thu, Jan 29, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Kasturi Metal Composite IPO using UPI as a payment gateway. Zerodha customers can apply in Kasturi Metal Composite IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kasturi Metal Composite IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Kasturi Metal Composite IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Kasturi Metal Composite IPO opens on Tue, Jan 27, 2026 and closes on Thu, Jan 29, 2026.

Kasturi Metal Composite IPO lot size is 2000, and the minimum amount required for application is ₹2,56,000, with 2 lots being the minimum application size.

You can apply in Kasturi Metal Composite IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Kasturi Metal Composite IPO will be done on Friday, January 30, 2026, and the allotted shares will be credited to your demat account by Mon, Feb 2, 2026. Check the Kasturi Metal Composite IPO allotment status.

The Kasturi Metal Composite IPO listing date is on Tue, Feb 3, 2026.

Quick Links

Compare: