Kasturi Metal Composite IPO
Bookbuilding IPO | ₹18.00 Cr | Listing at BSE SME
IPO Open
Tue, Jan 27, 2026
IPO Close
Thu, Jan 29, 2026
Price Band
₹61.00 to ₹64.00
Market Cap (Pre-IPO)
₹66.53 Cr
IPO Details
| IPO Date | Jan 27, 2026 to Jan 29, 2026 |
| Listing Date | Tentative: Feb 03, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹61.00 to ₹64.00 |
| Lot Size | 2000 Shares (Minimum: ₹128,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹18.00 Crores |
| Total Shares Offered | 2,752,000 shares |
| Offer For Sale | 2,752,000 shares |
Kasturi Metal Composite IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 13,04,000 (47.38%) |
| Retail Shares Offered | 27,52,000 (100.00%) |
| NII Shares Offered | 3,94,000 (14.32%) |
Kasturi Metal Composite 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 |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹256,000 |
| Retail (Max) | 2 | 4,000 | ₹256,000 |
| S-HNI (Min) | 3 | 6,000 | ₹384,000 |
| S-HNI (Max) | 7 | 14,000 | ₹896,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,024,000 |
Kasturi Metal Composite Financial Information (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 ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 13.80% |
| ROCE (Return on Capital Employed) | 13.76% |
| Debt/Equity | 0.74 |
| RoNW (Return on Net Worth) | 11.54% |
| PAT Margin (Profit After Tax Margin) | 3.64% |
| EBITDA Margin | 9.99% |
| Price to Book Value | 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% |
Company Promoters
- Samit Surendra Singhai
- Akash Surendra Singhai
- Surendra Fatechand Singhai and Lata Surendra Singhai are the promoters of the company.
Company Overview
- 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.
- Products Portfolio:
- 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.
Company 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.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Manufacturing |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹66.53 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 27, 2026 |
| IPO Close | Jan 29, 2026 |
| Allotment Date | Jan 30, 2026 |
| Credit to Demat | Feb 02, 2026 |
| Listing Date | Tentative: Feb 03, 2026 |
Lead Manager(s)
Hem Securities Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
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 opens for subscription on Jan 27, 2026 and closes 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.