Kasturi Metal IPO Subscription Live; Strong Investor Demand Seen

The Kasturi Metal Composite Ltd initial public offering (IPO) — aimed at raising about ₹17.61 crore — is currently open for subscription on the BSE SME platform, drawing notable investor interest across key categories.

IPO Key Details:
• Subscription window: 27 January 2026 to 29 January 2026
• Price band: ₹61 to ₹64 per share
• Issue type: Book building IPO with fresh issuance of shares
• Exchange: BSE SME
• Faces value: ₹10 per share
• Issue size: Approx ₹17.61 crore
• Lot size: 4,000 shares per application (minimum application amount ~₹2,56,000 at upper band)

Subscription Status (as of latest trading days):
• Day 1 (27 Jan): Total subscription approx 1.05× — driven mainly by Qualified Institutional Buyers (QIB)
• Day 2 (28 Jan): Total subscription ~1.80× with increased retail interest
• Day 3 (29 Jan): Total subscription ~2.23× — indicating strong overall demand across categories

• QIB: ~4.00×
• Non‑Institutional Investors (NII): ~1.52×
• Retail Individual Investors (RII): ~1.52×

This growing subscription pace suggests solid investor confidence in the company’s prospects as the bidding window nears its close.

Investor Category Allocation:
• Qualified Institutional Buyers (QIB): 50%
• Retail Individual Investors (RII): 35%
• Non‑Institutional Investors (NII): 15%

Important Post‑Subscription Dates:
• Basis of allotment: 30 January 2026
• Refunds processed: 2 February 2026
• Shares credited / listing: 3 February 2026

What This Means: The Kasturi Metal IPO — focused on manufacturing and supplying steel fiber products used in industrial applications — has attracted meaningful subscription multiples across investor segments, reflecting positive sentiment ahead of its allotment and listing. Investors continue to monitor final subscription figures as the issue closes on 29 January 2026.