About
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 opened for subscription on Jan 27, 2026 and will close on Jan 29, 2026. The allotment for the Kasturi Metal Composite IPO is expected to be finalized on Jan 30, 2026. Kasturi Metal Composite IPO will list on BSE SME with a tentative listing date fixed as Feb 3, 2026.
Kasturi Metal Composite IPO price band is set at ₹61 to ₹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
Price Band
₹61 to ₹64
Market Cap (Pre-IPO)
₹66.53 Cr
Submit your IPO application online through your preferred broker — fast, secure, and reliable.
IPO Details
| IPO Date | 27 to 29 Jan, 2026 |
| Listing Date | Tue, Feb 3, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,52,000 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 Public | 26,14,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 76,43,212 shares |
| Share Holding Post Issue | 1,03,95,212 shares |
IPO Timetable (Tentative)
- IPO OpenTue, Jan 27, 2026
- IPO CloseThu, Jan 29, 2026
- AllotmentFri, Jan 30, 2026
- RefundMon, Feb 2, 2026
- Credit of SharesMon, Feb 2, 2026
- ListingTue, Feb 3, 2026
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 Offered | 27,52,000 (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 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 Date | Fri, Jan 23, 2026 |
| Shares Offered | 7,82,000 |
| Anchor Portion (₹ Cr.) | 5.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 1, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Apr 30, 2026 |
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.
- 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 Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44.43 | 35.57 | 33.45 | 21.71 |
| Total Income | 32.29 | 57.22 | 50.20 | 37.37 |
| Profit After Tax | 2.47 | 2.07 | 2.35 | 1.49 |
| EBITDA | 4.80 | 5.69 | 5.40 | 3.97 |
| NET Worth | 20.19 | 17.76 | 12.29 | 7.03 |
| Reserves and Surplus | 12.55 | 10.12 | 11.28 | 6.24 |
| Total Borrowing | 14.28 | 13.15 | 11.83 | 9.78 |
| 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 |
Key Performance Indicator (KPI)
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 13.01% | 13.80% |
| ROCE | 12.35% | 13.76% |
| Debt/Equity | 0.71 | 0.74 |
| RoNW | 12.03% | 11.54% |
| PAT Margin | 7.71% | 3.64% |
| EBITDA Margin | 9.99% | 9.99% |
| Price to Book Value | 2.42 | 0.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.71 | 4.75 |
| P/E (x) | 23.59 | 13.47 |
| Promoter Holding | 92.35% | 67.90% |
| Market Cap | ₹66.53 Cr. |
- 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
Kasturi Metal Composite IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 1 |
IPO Subscription Status
The Kasturi Metal Composite IPO is subscribed 1.12 times on January 28, 2026 10:44:54 AM (Day 2). The public issue subscribed 0.44 times in the individual investors category, 3.00 times in the QIB category, and 0.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 3.00 | 5,22,000 | 15,64,000 | 0 |
| NII* | 0.19 | 3,94,000 | 76,000 | 0 |
| bNII (> ₹10L) | 0.12 | 2,62,000 | 32,000 | |
| sNII (< ₹10L) | 0.33 | 1,32,000 | 44,000 | |
| Individual Investor | 0.44 | 9,16,000 | 4,04,000 | 0 |
| Total | 1.12 | 18,32,000 | 20,44,000 | 114 |
Total Applications: 114
*Market Maker portion is not included to NII/HNI.
IPO Registrar
Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- Visit Website
IPO Lead Manager(s)
- Hem Securities Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +0721-2520293
- info@steelfiberindia.in
- Visit Website
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 ₹61 to ₹64. 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
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Kasturi Metal Composite IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- 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 not yet announced. The tentative date of listing is Tue, Feb 3, 2026.
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