Kasturi Metal IPO subscription status today; issue open

The Kasturi Metal IPO subscription opened on Tuesday, January 27, 2026, and will close on January 29, 2026. Through this SME IPO, the company aims to raise approximately ₹17.61 crore. The issue allocation is divided with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Individual Investors (RIIs), and 15% for Non-Institutional Investors (NIIs). The price band for the IPO has been fixed at ₹61 to ₹64 per equity share.

The minimum market lot for the Kasturi Metal IPO is 4,000 shares, requiring an application amount of ₹2,56,000 at the upper price band. Being an SME IPO, the shares are proposed to be listed on the BSE SME platform.

Business Overview

Founded in 2005, Kasturi Metal Composite is engaged in the manufacturing and export of steel fibre products. The company’s product portfolio includes Loose Hook-End Steel Fiber, Glued Hook-End Steel Fiber, and Flat Crimped Steel Fiber, which are available in various sizes and are primarily used in fiber-reinforced concrete applications.

In addition to this, the company manufactures Steel Wool Fiber used in brake pads and clutches. It also trades Macro Synthetic PP Fibers under the Durocrete brand. Kasturi Metal markets its products mainly under the Duraflex and Durabond brands, catering to industries such as construction, engineering, warehousing, logistics, mining, infrastructure, and automotive.

The company operates manufacturing facilities equipped with advanced machinery, including wire drawing machines, wet and dry wire systems, and specialized equipment designed for steel fibre production.

IPOWatch View

IPOWatch recommends investors may consider applying for the IPO with a long-term investment perspective. Investors are also advised to closely track subscription figures across QIB, NII, and retail segments before making an investment decision.

Kasturi Metal IPO Subscription Status – Day 1

On the first day of bidding, the subscription figures were as follows:

• QIB: 0.00 times

• NII: 0.00 times

• Retail Individual Investors (RII): 0.03 times

• Overall Subscription: 0.02 times
  

Kasturi Metal IPO Investor Categories

The IPO is open to multiple categories of investors, including Qualified Institutional Buyers (QIBs) such as banks, financial institutions, foreign institutional investors, and mutual funds. Non-Institutional Investors (NIIs) include high-net-worth individuals, NRIs, companies, and trusts. Retail Individual Investors (RIIs) comprise individual investors and eligible NRIs. The issue also includes provisions for eligible employees and other eligible shareholders.

Kasturi Metal IPO Review and Rating

The IPO is rated as “May Apply” for investors with a long-term investment horizon.

How to Apply for Kasturi Metal IPO

Investors can apply for the Kasturi Metal IPO through the ASBA facility available in their bank accounts by logging into online banking and selecting the IPO under the investment section. Alternatively, investors can apply using physical IPO application forms downloaded online and submitted through authorized channels.