Kasturi Metal Composite IPO
Kasturi Metal Composite IPO Details
-
Open Date
27 Jan 2026
-
Close Date
29 Jan 2026
-
Listing Date
03 Feb 2026
- IPO Price Range
₹ 61 to ₹64
- IPO Size
₹ 17.61 Cr
- Listing Exchange
BSE SME
Kasturi Metal Composite IPO Timeline
Kasturi Metal Composite IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Jan-2026 | 3.00 | 0.37 | 0.24 | 1.05 |
| 28-Jan-2026 | 4.00 | 0.49 | 1.10 | 1.80 |
| 29-Jan-2026 | 4.00 | 38.88 | 16.49 | 17.75 |
Last Updated: 29 January 2026 6:48 PM by 5paisa
The Company manufactures, supplies, and exports steel fiber products for industrial and construction applications. Its portfolio includes Loose Hook-End, Glued Hook-End, and Flat Crimped Steel Fibers for fiber-reinforced concrete, as well as Steel Wool Fiber for automotive friction linings. The Company also trades Macro Synthetic PP Fibers under the “Durocrete” brand and, through its subsidiary Durafloor Concrete Solution LLP, offers customized concrete flooring solutions. Marketing products under the “Duraflex” and “Durabond” brands, it serves diverse sectors including construction, infrastructure, mining, automotive, and warehousing, providing solutions for tunnels, roads, bridges, industrial floors, and more
Established in: 2005
Managing Director: Samit Surendra Singhai
Kasturi Metal Composite Objectives
1. Allocate ₹13.29 crore for capital expenditure, including mechanical, electrical, interior work, and machinery procurement for the new manufacturing facility at Amravati, Maharashtra (Proposed Unit IV)
2. Utilise proceeds for general corporate purposes
Kasturi Metal Composite IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹17.61 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹17.61 Cr |
Kasturi Metal Composite IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | 2,44,000 |
| Retail (Max) | 2 | 4000 | 2,56,000 |
| S-HNI (Min) | 3 | 6000 | 3,66,000 |
| S-HNI (MAX) | 7 | 14000 | 8,96,000 |
| B-HNI (Min) | 8 | 16000 | 9,76,000 |
Kasturi Metal Composite IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 4.00 | 5,22,000 | 20,86,000 | 13.350 |
| Non-Institutional Buyers | 38.88 | 3,94,000 | 1,53,20,000 | 98.048 |
| bNII (bids above ₹10L) | 46.95 | 2,62,000 | 1,23,00,000 | 78.720 |
| sNII (bids below ₹10L) | 22.88 | 1,32,000 | 30,20,000 | 19.328 |
| Individual Investors (IND category bidding for 2 Lots) | 16.49 | 9,16,000 | 1,51,08,000 | 96.691 |
| Total** | 17.75 | 18,32,000 | 3,25,14,000 | 208.090 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 37.12 | 49.74 | 56.97 |
| EBITDA | 3.97 | 5.40 | 5.69 |
| PAT | 1.49 | 2.35 | 2.07 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 21.71 | 33.45 | 35.57 |
| Share Capital | 0.79 | 1.01 | 7.64 |
| Total Liabilities | 21.71 | 33.45 | 35.57 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 0.79 | 2.12 | 2.54 |
| Net Cash Generated From / (used in) Investing Activities | - 1.79 | - 0.97 | - 2.09 |
| Net Cash Generated From / (used in) Financing Activities | 0.43 | - 1.50 | 2.13 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.56 | -0.36 | 2.57 |
Strengths
1. Balanced revenue mix with a strong domestic base and growing export presence across six countries.
2. Consistently high contribution from domestic sales ensuring stable and predictable cash flows.
3. Expanding international sales footprint reflecting global acceptance of products.
4. Robust consolidated order book of ₹3,752.48 lakhs providing clear near-term revenue visibility.
Weaknesses
1. Heavy reliance on a limited number of key suppliers in specific regions for raw materials.
2. Significant revenue dependence on a few major customers.
3. Lack of long-term procurement agreements exposes the company to price volatility and supply shortages.
4. Dependence on a single manufacturing unit for operations, making it vulnerable to breakdowns or shutdowns.
Opportunities
1. Scope to expand operations into new regions and underserved markets
2. Potential to establish facilities in Tier II and Tier III cities
3. Partnerships with other healthcare institutions for clinical and knowledge collaboration
4. Adoption of emerging medical technologies and digital healthcare solutions
Threats
1. Delays in procuring machinery for expansion may push timelines and increase costs.
2. Reduced demand for steel fiber products could impact revenue and profitability.
3. Exposure to legal proceedings could adversely affect financials and operations.
4. Technological changes may render existing equipment obsolete, requiring heavy capital investment.
1. Adding High Tensile and Delta Loop End Steel Fibers to the product range.
2. Improving processes and resources for better efficiency and output.
3. Well-established customer base across different regions.
4. Guided by experienced promoters and a capable management team.
1. Setting up a new 15,300 sq. mtr manufacturing facility in Amravati with a 95-year lease.
2. Steel fiber plant with 6,000 MT annual capacity and Macro Synthetic PP Fiber plant with 500 MT annual capacity.
3. Civil construction funded via internal accruals; plant and machinery through IPO proceeds.
4. Expansion aimed at scaling production and strengthening domestic and global market presence
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FAQs
Kasturi Metal Composite IPO opens from January 27, 2026 to January 29, 2026.
The size of Kasturi Metal Composite IPO is approximately ₹17.61 crore.
The price band of Kasturi Metal Composite IPO is fixed at ₹61 to ₹64 per share.
To apply for Kasturi Metal Composite IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kasturi Metal Composite Ltd. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 4000 shares, requiring an investment of approximately ₹2,44,000.
The share allotment date of Kasturi Metal Composite IPO is January 30, 2026.
The Kasturi Metal Composite IPO will likely be listed on February 3, 2026.
Hem Securities Ltd is the book-running lead manager.
1. Invest ₹13.29 crore to establish the Amravati Unit IV, covering plant & machinery, interiors, and mechanical & electrical setup
2. Deploy remaining funds towards overall corporate requirements and operations