Kasturi Metal Composite Limited Link 
Allotment
The Kasturi Metal Composite IPO is a book-built issue aggregating ₹17.61 crore, comprising entirely a fresh issue of 0.28 crore equity shares.
The IPO will open for subscription on January 27, 2026, and close on January 29, 2026. The allotment is expected to be finalized on January 30, 2026, with the shares proposed to be listed on the BSE SME platform on a tentative date of February 3, 2026.
The price band for the issue has been fixed at ₹61 to ₹64 per share. The lot size is 2,000 shares per application. Retail investors are required to apply for a minimum of 2 lots (4,000 shares), amounting to an investment of ₹2,56,000 at the upper price band. For HNI investors, the minimum application size is 3 lots (6,000 shares), translating to ₹3,84,000.
Hem Securities Ltd. is acting as the Book Running Lead Manager for the issue, Bigshare Services Pvt. Ltd. is the registrar, and Hem Finlease Pvt. Ltd. has been appointed as the Market Maker.
₹64
0%
Open
₹64
HIgh - Low
₹64
Previous Close
₹64
Total Traded Value
0
52 Weeks High
₹64
52 Weeks Low
₹64
Updates On
Jan 21, 2026
IPO. Open
Jan 27, 2026
IPO. Close
Jan 29, 2026
IPO. Price
₹64.00
IPO Market price
₹66.53 Cr
IPO Details
| IPO Date | 3 Feb |
| IPO Listing Date | 3 Feb |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹64.00 |
| IPO Issue Size | 27,52,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 76,43,212 shares |
IPO Timeline
| IPO Open Date | 27 Jan |
| IPO Close Date | 29 Jan |
| IPO Allotment (Tentative) | 30 Jan |
| Refunds | 2 Feb |
| Credit to Demat Account | 2 Feb |
| IPO Listing Date | 3 Feb |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 13,04,000 Shares |
| NII (HNI) Shares Offered | 3,94,000 Shares |
| Retail Shares Offered | 9,16,000 Shares |
IPO Lot Size
Investors can apply for a minimum of 4,000 shares, and bids must be made in multiples of 2,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,56,000 |
| Retail (Max) | 2 | 4,000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,24,000 |
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fiber products catering to a wide range of industrial applications.
The company manufactures steel wool fibers used in brake pads and clutches, trades in Durocrete PP Fibers, and also provides concrete flooring solutions through its associate entity, Durafloor Concrete Solution LLP.
Kasturi Metal Composite markets its Duraflex and Durabond product lines across industries such as construction, mining, and automotive, offering solutions for infrastructure projects including tunnels, roads, bridges, and other structural applications, with a focus on durability, strength, and quality.
Manufacturing Facilities
The company operates three manufacturing units located at MIDC Amravati:
Unit 1: Fine wire drawing operations
Units 2 & 3: Production of steel fibers and mild steel wires
These facilities enable efficient operations and consistent product quality.
Product Portfolio
Duraflex Steel Fibers: High-strength fibers used in tunnels, mines, and rock stabilization projects, enhancing ductility and load-bearing capacity
Industrial Flooring Fibers: Designed to reinforce concrete in warehouses, factories, roads, and precast walls, improving crack resistance and durability
Durabond Steel Wool Fibers: High thermal stability fibers available in multiple grades, suitable for diverse industrial applications
As of October 31, 2025, the company employed 98 permanent full-time employees.
Competitive Strengths
Strong manufacturing infrastructure and operational capabilities
Diverse and well-established portfolio of steel fiber products
Stringent quality control systems ensuring consistent and standardized output
Long-standing relationships with customers across multiple geographies
Experienced promoter and strong management team led by Mr. Samit Surend
Company Financials (Consolidated)
| Assets | 44.43 | 35.57 | 33.45 |
| Total Income | 32.29 | 57.22 | 50.2 |
| Profit After Tax | 2.47 | 2.07 | 2.35 |
| EBITDA | 4.8 | 5.69 | 5.4 |
| NET Worth | 20.19 | 17.76 | 12.29 |
| Reserves and Surplus | 12.55 | 10.12 | 11.28 |
| Total Borrowing | 14.28 | 13.15 | 11.83 |
Key Performance Indicator (KPI)
| ROE | 13.01% |
| ROCE | 12.35% |
| Debt/Equity | 0.71 |
| RoNW | 12.03% |
| PAT Margin | 7.71 |
| EBITDA Margin | 9.99 |
| Price to Book Value | 2.42 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 13.29 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Kasturi Metal Composite Ltd. Address
A30/3/1,
MIDC,
H. V. Nagar, Amravati,
Amravati, Maharashtra, 444605
+0721-2520293
info@steelfiberindia.in
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
Rising construction, mining, and automotive projects in India and abroad increase demand for steel fibers and concrete reinforcement solutions, supporting sustainable growth for Kasturi Metal Composite’s product portfolio.
SME manufacturing IPOs allow investors to gain early access to niche industrial markets with high growth potential, capital efficiency, and strong domestic-international order visibility.
Duraflex steel fibers are critical for tunnels, bridges, and high-load structures. Expansion in civil infrastructure directly correlates with revenue opportunities and long-term market relevance.
Advanced production units, quality control systems, and automation improve product consistency, operational efficiency, and compliance with industrial standards, enhancing competitiveness in the steel fiber market.
Global infrastructure demand, particularly in mining and construction, boosts export potential, diversifying revenue streams and mitigating domestic market fluctuations, increasing investor confidence.
Specialized products like Duraflex and Durabond fibers offer high-value solutions with limited competition, capturing industrial demand for strength, durability, and long-lasting infrastructure performance.
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