Kasturi Metal Composite IPO

Q: How can I apply for Kasturi Metal Composite Limited IPO?

You can apply through HDFC Sky using UPI-based ASBA during the IPO subscription period.

₹1,22,000/2,000 shares

Minimum Investment

IPO Details

Open Date

27 Jan 26

Close Date

29 Jan 26

Minimum Investment

₹1,22,000

Lot Size

2,000

Price Range

₹61 to ₹64

Listing Exchange

BSE

Issue Size

₹18 Cr

Listing Date

03 Feb 26

Open Free Demat Account

Kasturi Metal Composite IPO Timeline

Bidding Start

27 Jan 26

Bidding Ends

29 Jan 26

Allotment Finalisation

30 Jan 26

Refund Initiation

02 Feb 26

Demat Transfer

02 Feb 26

Listing

03 Feb 26

Kasturi Metal Composite Limited

Incorporated in 2005, Kasturi Metal Composite Limited is engaged in manufacturing, supplying, and exporting steel fibre products for industrial applications. The company produces steel wool fibres for brake pads and clutches, industrial flooring fibres, and reinforced concrete solutions under the Duraflex and Durabond brands. It operates three manufacturing units at MIDC Amravati, Maharashtra, ensuring efficient production and quality control. Kasturi Metal Composite serves industries including construction, mining, infrastructure, and automotive, supported by strong technical expertise and established customer relationships.

Kasturi Metal Composite Limited IPO Overview

Kasturi Metal Composite Limited IPO is a bookbuilding issue opening on 27 January 2026 and closing on 29 January 2026. The IPO consists entirely of a fresh issue of 27,52,000 equity shares aggregating to approximately ₹18 crore and will be listed on the BSE SME platform. The price band is fixed at ₹61 to ₹64 per share with a face value of ₹10. Hem Securities Ltd. is the book running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue. Hem Finlease Pvt. Ltd. is acting as the market maker. The allotment is expected on 30 January 2026, followed by listing on 3 February 2026.

Kasturi Metal Composite Limited IPO Details

Particulars	Details
IPO Date	27 January 2026 to 29 January 2026
Listing Date	3 February 2026
Face Value	₹10 per share
Issue Price Band	₹61 to ₹64 per share
Lot Size	2,000 Shares
Total Issue Size	27,52,000 shares (aggregating up to ₹18 Cr)
Fresh Issue	27,52,000 shares (aggregating up to ₹18 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	76,43,212 shares
Share Holding Post Issue	1,03,95,212 shares
Market Maker Portion	1,38,000 shares

Kasturi Metal Composite Limited IPO Reservation

Investor Category	Shares Offered
QIB	47.38% of Net Issue
Retail	33.28% of Net Issue
NII (HNI)	14.32% of Net Issue
Market Maker	5.01% of Net Issue

Kasturi Metal Composite Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	4,000	₹2,56,000
Retail (Max)	2	4,000	₹2,56,000
S-HNI (Min)	3	6,000	₹3,84,000

Kasturi Metal Composite Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	92.35%
Post-Issue	67.90%

Kasturi Metal Composite Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹4.75
Price/Earnings (P/E) Ratio	13.47x
Return on Net Worth (RoNW)	12.03%
Net Asset Value (NAV)	TBD
Return on Equity	13.01%
Return on Capital Employed (ROCE)	12.35%
EBITDA Margin	9.99%
PAT Margin	7.71%
Debt to Equity Ratio	0.71

Objectives of the Proceeds

Setting up new manufacturing facility at Amravati for capacity expansion – ₹13.29 crore

Supporting general corporate purposes and operational requirements

Key Financials (in ₹ crore)

Particulars	30 Sept 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	44.43	35.57	33.45	21.71
Revenue	32.29	57.22	50.20	37.37
Profit After Tax	2.47	2.07	2.35	1.49
Reserves and Surplus	12.55	10.12	11.28	6.24
Total Borrowings	14.28	13.15	11.83	9.78

Kasturi Metal Composite Limited

SWOT Analysis of Kasturi Metal Composite IPO

Strength and Opportunities

Experienced promoters and technical leadership
Diversified steel fibre product portfolio
Integrated manufacturing facilities
Expanding infrastructure and mining sectors

Risks and Threats

Dependence on construction and infrastructure demand
Exposure to raw material price volatility
Competition from established steel fibre manufacturers
Regulatory and compliance-related operational risks

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About Kasturi Metal Composite Limited

Kasturi Metal Composite IPO Strengths

Experienced promoters with strong technical and industry expertise

Well-established manufacturing facilities ensuring consistent product quality

Diverse portfolio of steel fibre products for multiple industries

Long-standing customer relationships across domestic and export markets

Strong supplier network supporting uninterrupted operations

Adherence to quality standards with stringent internal control mechanisms

Peer Group Comparison

As per the DRHP, there are no comparable listed peers of the company; therefore, peer comparison information is not provided.

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2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App