Kasturi Metal Composite IPO Receives Strong Response, Subscribed 17.75x on Day 3

Kasturi Metal Composite Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription. The stock price band is set at ₹61-64 per share. The ₹17.61 crore IPO reached 17.75 times by 5:19:55 PM on day three. 

Kasturi Metal Composite IPO subscription reached strong 17.75 times on day three. It was led by Non-Institutional Investors (38.88x), Individual Investors (16.49x), and Qualified Institutional Buyers Ex-Anchor (4.00x). Total applications reached 5,034.
 

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Subscription Status of Kasturi Metal Composite IPO:

Here are the subscription details for Kasturi Metal Composite IPO as of Day 3 (January 29, 2026, 5:19:55 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 17.75 times, showing extraordinary improvement from day two's 1.80 times
• Non-institutional investors displaying exceptional interest at 38.88 times, building dramatically from day two's 0.49 times
• Individual investors showing strong confidence at 16.49 times, building substantially from day two's 1.10 times, indicating strong retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying strong performance at 4.00 times, unchanged from day two's 4.00 times, indicating measured institutional interest
• Cumulative bid amount reached ₹208.09 crores, significantly exceeding the net offer size of ₹12.73 crores (excluding anchor and market maker portions) by over 16 times
• Anchor investors fully subscribed their allocation of ₹5.01 crores on January 23, 2026
• Market makers fully subscribed their allocation of ₹0.88 crores

Kasturi Metal Composite IPO - Day 2 Subscription at 1.80 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.80 times, showing substantial improvement from day one's 1.05 times
• Qualified institutional buyers displaying strong performance at 4.00 times, building marginally from day one's 3.00 times
• Individual investors showing moderate confidence at 1.10 times, building substantially from day one's 0.24 times
• Non-institutional investors showing weak performance at 0.49 times, marginally improving from day one's 0.37 times

Kasturi Metal Composite IPO - Day 1 Subscription at 1.05 Times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.05 times, showing cautious initial investor interest
• Qualified institutional buyers displaying moderate performance at 3.00 times
• Non-institutional investors showing weak performance at 0.37 times
• Individual investors showing weak confidence at 0.24 times

About Kasturi Metal Composite Limited

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.