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Kasturi Metal Composite IPO
Price Band
₹61.0–64.0
Issue Size
₹17.61 Cr
Lot Size
2,000 shares
Min Investment
₹256,000
2 LOTS MIN
GMP
—
Issue Price
₹64.0
Kasturi Metal Composite IPO AI Summary
- Kasturi Metal Composite IPO is listed on BSE SME in the Iron & Steel Products sector.
- Price band: ₹61.0–₹64.0 per share, lot size 2,000 shares (min. investment ₹256,000, 2 lots minimum).
- Subscription window: 27 Jan–29 Jan 2026, listing on 03 Feb 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kasturi Metal Composite IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Kasturi Metal Composite Limited specializes in the production, supply, and export of steel fiber–based products designed for a wide range of industrial uses. The company is actively involved in manufacturing steel wool fibers for applications such as brake pads and clutches, trading in Durocrete polypropylene fibers, and providing concrete flooring solutions through its associate entity, Durafloor Concrete Solution LLP. The company promotes its Duraflex and Durabond brands across key sectors including construction, mining, and automotive. These products are widely used in infrastructure projects such as tunnels, highways, bridges, and other structural developments, where strength, durability, and long-term performance are critical. Kasturi Metal Composite Limited operates three manufacturing facilities located at MIDC Amravati. Unit 1 is dedicated to fine wire drawing, while Units 2 and 3 focus on the production of steel fibers and mild steel wires. This integrated setup supports operational efficiency and consistent product quality. Product Portfolio: Duraflex Steel Fibers: Engineered for high performance in tunnels, mining operations, and rock reinforcement, these fibers improve load-bearing capacity and structural toughness. Industrial Flooring Fibers: Designed to reinforce concrete used in warehouses, industrial plants, roads, and precast panels, helping to minimize cracking and enhance durability. Durabond Steel Wool Fibers: Known for excellent thermal resistance, these reinforcement fibers are available in multiple grades to suit varied industrial and structural requirements.
Company Financials (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹2.71
NAV
₹24.79
ROE
13.80%
ROCE
13.76%
RoNW
11.54%
P/B Value
0.42
P/E Ratio
23.59
Market Cap
₹66.53 Cr
PAT Margin
3.64%
Debt/Equity
0.74
Promoters
Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai
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 Purposes 1.89 3 Issue Expenses 2.43 Total 17.61
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹37.37 Cr in the year ending 31 Mar 2023, increasing to ₹50.20 Cr by 31 Mar 2024, and further rising to ₹57.22 Cr by 31 Mar 2025. However, for the period ending 30 Sep 2025, the total income dropped to ₹32.29 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.49 Cr in the year ending 31 Mar 2023, which rose to ₹2.35 Cr by 31 Mar 2024, and further increased to ₹2.07 Cr by 31 Mar 2025. By 30 Sep 2025, Profit After Tax was ₹2.47 Cr, indicating growth over the previous periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which an IPO might list compared to its issue price. It is derived from unofficial trading in shares before the listing. A higher GMP suggests strong demand, while a lower or negative GMP indicates weak demand. However, GMP is not a guarantee of actual listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Conservative investors or those averse to risk may want to avoid IPOs like this, especially if they are not comfortable with the inherent uncertainties and potential for volatility in the stock price.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 27 January 2026 and closes on 29 January 2026. Allotment of shares is expected on 30 January 2026, with the listing date set for 3 February 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when an IPO lists at a price higher than its issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. It's important to approach listing gains with caution, as the stock price can be volatile on the listing day.
This evaluation is generated from Kasturi Metal Composite's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Kasturi Metal Composite IPO?
The price band of Kasturi Metal Composite IPO is ₹61.0–₹64.0 per share.
When does Kasturi Metal Composite IPO open and close?
Kasturi Metal Composite IPO opens on 27 January 2026 and closes on 29 January 2026.
When does Kasturi Metal Composite IPO list on the stock exchange?
Kasturi Metal Composite IPO listed on 03 February 2026 at ₹64.0.
What is the lot size for Kasturi Metal Composite IPO?
The lot size for Kasturi Metal Composite IPO is 2000 shares, requiring a minimum investment of ₹256,000 (2 lots).
What is the price band for the Kasturi Metal Composite IPO?
The price band for the Kasturi Metal Composite IPO is ₹61.0 to ₹64.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹256,000.
What is the lot size for the Kasturi Metal Composite IPO?
The lot size for this IPO is 2000 shares.
When is the listing date for the Kasturi Metal Composite IPO?
The listing date for the Kasturi Metal Composite IPO is 3 February 2026.
Who is the lead manager for this IPO?
The lead manager for the Kasturi Metal Composite IPO is Hem Securities Ltd.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Jan 2026
Close
29 Jan 2026
Allotment
30 Jan 2026
Listing
03 Feb 2026
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