The Kasturi Metal Composite Ltd IPO 2026 is one of the notable Small and Medium Enterprise (SME) public issues of the year, offering investors a stake in a growing industrial materials company. The IPO opens in late January 2026 and offers shares on the BSE SME platform. Below is a detailed breakdown of all the official data you need to know.
📌 Kasturi Metal Composite IPO Details
Kasturi Metal Composite’s IPO is a book-building public issue to raise approximately ₹17.61 crore through the sale of 27,52,000 equity shares with a face value of ₹10 each.
- Company Name: Kasturi Metal Composite Ltd
- Issue Size: ₹17.61 crore (Fresh Issue)
- Price Band: ₹61 – ₹64 per share
- Face Value: ₹10 per share
- Type: Book Building SME IPO
- Exchange for Listing: BSE SME
- Total Shares on Offer: 27,52,000 shares
📊 Kasturi Metal Composite IPO Review & Key Points
Kasturi Metal Composite is an established manufacturer and exporter of industrial steel fiber products used in concrete reinforcement and other applications. The IPO is structured to support capital expenditure for a new plant and general corporate objectives.
Key highlights:
- Entire issue is a fresh issue (no offer for sale).
- The company has a longstanding presence since 2005 and products marketed under brands like Duraflex and Durabond.
- Focus on expanding manufacturing in Amravati, Maharashtra.
📅 Kasturi Metal Composite IPO Dates
Here is the key schedule for the IPO:
| Event | Date |
|---|---|
| IPO Opening Date | January 27, 2026 |
| IPO Closing Date | January 29, 2026 |
| Basis of Allotment | January 30, 2026 |
| Refunds Initiation | February 2, 2026 |
| Shares Credited to Demat | February 2, 2026 |
| IPO Listing Date | February 3, 2026 |
📊 Kasturi Metal Composite IPO Market Lot
| Investor Category | Lot Size | Minimum Amount (@ ₹64) |
|---|---|---|
| Retail Individual | 4,000 shares | ₹2,56,000 |
| S-HNI Minimum | 6,000 shares | ₹3,84,000 |
| B-HNI Minimum | 16,000 shares | ₹10,24,000 |
Applications are made in multiples of 2,000 shares after the minimum lot.
🧾 IPO Reservation
| Category | Shares Offered | % Allocation |
|---|---|---|
| Anchor Investors | 7,82,000 | 28.42% |
| QIB (Ex-Anchor) | 5,22,000 | 18.97% |
| Non-Institutional (HNI) | 3,94,000 | 14.32% |
| Retail Investors | 9,16,000 | 33.28% |
🧑💼 Kasturi Metal Composite IPO Anchor Investors
- Anchor bidding date: January 23, 2026
- Anchor portion: 7,82,000 shares (approx. 28.42% of the issue)
- Anchor lock-in:
- 50% locked for 30 days post allotment
- 50% locked for 90 days post allotment
👥 Promoters and Holding Pattern
The promoters of Kasturi Metal Composite are:
- Samit Surendra Singhai
- Akash Surendra Singhai
- Surendra Fatechand Singhai
- Lata Surendra Singhai
| Holding | Pre-IPO | Post-IPO |
|---|---|---|
| Promoters | 92.35% | 67.90% |
🎯 Objects of the Issue & Utilisation of Proceeds
The IPO proceeds are mainly intended for:
- Capital expenditure for setting up a new manufacturing facility (Unit IV) at Amravati, Maharashtra — ₹13.29 crore
- General corporate purposes
🏭 About Kasturi Metal Composite Ltd
Founded in 2005, Kasturi Metal Composite Limited manufactures and supplies engineered steel fiber products including:
- Loose Hook-End Steel Fibers
- Glued Hook-End Steel Fibers
- Flat Crimped Steel Fibers
- Steel Wool Fiber for brake pads and clutch applications
Products are marketed under brands like Duraflex and Durabond and serve sectors including construction, automotive, infrastructure, and logistics.
📊 Kasturi Metal Composite IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| 2023 | ₹37.37 | ₹1.49 |
| 2024 | ₹50.20 | ₹2.35 |
| 2025 | ₹57.22 | ₹2.07 |
| Sep 2025 | ₹32.29 | ₹2.47 |
📈 Kasturi Metal Composite IPO Valuation – FY2025
Official performance indicators include:
- EPS (Basic): ₹2.86
- ROE: 13.80%
- ROCE: 13.76%
- EBITDA Margin: 9.99%
- PAT Margin: 3.64%
- NAV (Net Asset Value): ₹24.79 per share
🤝 Peer Group Comparison
At the time of filing, there are no listed direct peers with identical business models on Indian exchanges, given the niche steel fiber and industrial products focus.
In a broader context, similar SME issuers in materials and industrial goods serve as rough benchmarks.
🧑💼 IPO Lead Managers & Merchant Bankers
- Hem Securities Ltd. – Book Running Lead Manager for the IPO (IPOUPDATES)
🏢 Company Address
Kasturi Metal Composite Ltd.
A-30/3/1, MIDC, H. V. Nagar
Amravati, Maharashtra – 444605
Phone: +91-721-2520293
Email: info@steelfiberindia.in
Website: https://steelfiberindia.in/ (IPOUPDATES)
📇 IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html (IPOUPDATES)
❓ Kasturi Metal Composite IPO FAQs
Q1. What is the price band for the IPO?
➤ ₹61 – ₹64 per equity share.
Q2. When does the IPO open and close?
➤ Opens on January 27, 2026 and closes on January 29, 2026.
Q3. What is the lot size?
➤ Minimum market lot is 4,000 shares.
Q4. Where will the shares be listed?
➤ On the BSE SME platform.
Q5. Who are the lead managers?
➤ Hem Securities Ltd.
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
