Kasturi Metal Composite was incorporated on November 24, 2005. The company manufactures and supplies steel fiber and related products used in construction and industrial applications. It serves domestic and export customers across sectors such as infrastructure, mining, warehousing, and automotive through its own brands and specialized concrete solutions
| Bidding Dates |
|---|
| 27 Jan 2026 - 29 Jan 2026 |
| Subscription |
|---|
| 16.57x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,44,000 | 2 | 2 | 2000 | 2.8 M | ₹61 - ₹64 | 67.9 % | ₹167.9 M - ₹176.1 M | RHP DOC |
Kasturi Metal Composite IPO SUBSCRIPTION STATUS
29 Jan '26Kasturi Metal Composite IPO overall subscription rate was 16.57 times the total available shares
Kasturi Metal Composite IPO retail subscription rate was 21.91 times in the retail segment
Kasturi Metal Composite IPO non-institutional investor subscription rate was 52.31 times in the non-institutional investor category
Kasturi Metal Composite IPO Qualified Institutional Bidder subscription rate was 2.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Jan 2026 (Day 3) | 21.91x | 52.31x | 2.12x |
28 Jan 2026 (Day 2) | 1.47x | 1.12x | 2.12x |
27 Jan 2026 (Day 1) | 0.31x | 0.49x | 1.59x |
Kasturi Metal Composite FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 32.0 | 2.5 | 3.2 | -2.7 | 15.0% |
| FY25 | 57.0 | 2.1 | 2.5 | -0.4 | 10.0% |
| FY24 | 49.7 | 2.4 | 2.1 | 1.4 | 10.9% |
Kasturi Metal Composite IPO SUBSCRIPTION STATUS DETAILS
Kasturi Metal Composite had 2.8 M shares on offer
Kasturi Metal Composite IPO offer price was in the range ₹61 - ₹64
Kasturi Metal Composite IPO minimum Investment was ₹244000
Kasturi Metal Composite IPO issue size was ₹ 167.9 M - ₹ 176.1 M
Kasturi Metal Composite had a minimum lot size of 2000 Shares per application
Kasturi Metal Composite NUMBER OF SHARES ON OFFER
Kasturi Metal Composite IPO IMPORTANT DATES
| Issue Open Date | 27 Jan 2026 |
| Issue close Date | 29 Jan 2026 |
| Allotment Date | 30 Jan 2026 |
| Refund Date | 02 Feb 2026 |
| Demat Account Credit Date | 02 Feb 2026 |
| Listing Date | 03 Feb 2026 |
| Listing on Exchange(s) | BSE |
| Kasturi Metal Composite Allotment Status | Exchange/ Registrar |
Kasturi Metal Composite IPO subscription opened on 27 Jan 2026, and closed on 29 Jan 2026
IPO allotment for Kasturi Metal Composite was finalized on Friday, 30 Jan 2026
IPO listing for Kasturi Metal Composite was on BSE on Tuesday, 03 Feb 2026
Kasturi Metal Composite IPO LISTING GAINS
| Issue Price (adjusted) | 64.0 |
| Listing Open Price | 64.0 |
| Listing Close Price | 63.2 |
| Listing Gain% | 0.0% |
| Current Gain% | -14.8% |
Kasturi Metal Composite Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kasturi Metal Composite Ltd. | 54.5 | 56.7 | 14.3 | 0.2 | 0.9 | 10.7 | 6.6 | 65.3 | 14.1 | 4 | 93.5 | 3.8 | 93.5 |
| JSW Steel Ltd. | 1299.5 | 317786.7 | 12.8 | 0 | 1.7 | 22.3 | 8.3 | 186718 | 10.1 | 22316 | 536.9 | 101.3 | 411.7 |
| Tata Steel Ltd. | 187.6 | 234128.6 | 21.2 | 0.1 | 1 | 10.6 | 3.6 | 233541.7 | 6.1 | 10793.9 | 215.6 | 8.8 | 143.1 |
| Jindal Steel Ltd. | 1103 | 112515.7 | 41.4 | -5 | 2 | 6.6 | 3.4 | 53553.1 | 7.3 | 3367.4 | 19.7 | 26.6 | -8.4 |
| Steel Authority of India (SAIL) Ltd. | 176.6 | 72936.8 | 17.1 | 0.4 | 0.7 | 5.6 | 2.5 | 111705 | 8.1 | 3372.8 | 42.2 | 10.3 | 40.8 |
| Jindal Stainless Ltd. | 734.6 | 60566 | 18.6 | 0.7 | 1.4 | 16.1 | 7.8 | 43306.1 | 9.4 | 3193.4 | 27.5 | 39.4 | 26.3 |
Kasturi Metal Composite INFORMATION ON IPO ISSUE
About Kasturi Metal Composite
Kasturi Metal Composite was incorporated on November 24, 2005. The company manufactures and supplies steel fiber and related products used in construction and industrial applications. It serves domestic and export customers across sectors such as infrastructure, mining, warehousing, and automotive through its own brands and specialized concrete solutions
Object of the Issue
- 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
- General corporate purpose
Kasturi Metal Composite - PROMOTERS
| Name |
|---|
| Samit Surendra Singhai |
| Akash Surendra Singhai |
| Surendra Fatechand Singhai |
| Lata Surendra Singhai |
Kasturi Metal Composite - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Samit Surendra Singhai | Chairman & Managing Director |
| Akash Surendra Singhai | Whole Time Director |
| Mayur Ashok Zamvar | Non-Executive Director |
| Shubhada Mukesh Zanwar | Non-Executive Director |
| Mohit Manoharlal Ganeshani | Non-Executive Independent Director |
| Ashish Madanmohan Mundhada | Non-Executive Independent Director |
Kasturi Metal Composite Book Running Lead Manager
Hem Securities Limited
ib@hemsecurities.com
Kasturi Metal Composite Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Kasturi Metal Composite Strengths
Manufacturing capabilities
The company operates multiple specialized manufacturing units with modern machinery and automation. These facilities support efficient production, process precision, and consistent quality. Dedicated units for wire drawing, steel fiber, and steel wool fiber manufacturing allow the company to meet varied customer requirements
Product diversification
The company offers a broad range of steel fiber and steel wool fiber products used in infrastructure, concrete reinforcement, and automotive friction applications. Its portfolio supports multiple end uses such as tunnels, roads, industrial flooring, and brake systems
Quality assurance
The company follows strict quality controls across all stages of manufacturing to ensure standardized output. It complies with customer-defined quality norms and holds recognized certifications that validate its quality systems
Kasturi Metal Composite Risks
Supplier concentration risk
The company depends on a limited number of key suppliers located in specific regions for raw materials. A large share of purchases comes from the top ten suppliers, with no long-term supply contracts in place. Any disruption in supply, price volatility, or loss of these suppliers could adversely affect operations
Raw material risk
The company procures raw materials on a spot basis without long-term agreements, exposing it to price volatility and supply shortages. Raw material costs form a significant share of manufacturing revenue and are affected by global markets, foreign exchange rates, taxes, and regulations
Manufacturing disruption risk
The company’s operations are fully dependent on its manufacturing units located at Amravati MIDC, Maharashtra. Any machinery breakdown, power disruption, industrial accident, or natural event could interrupt production. Planned or unplanned shutdowns for maintenance, inspections, or upgrades may also delay operations
IPO FAQs
The promoters of the company are Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 61.0 - 64.0.
The IPO application opens on Jan 27, 2026 and closes on Jan 29, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 244,000.0, the maximum value for this IPO is Rs 256,000.0.
This IPO will be allotted on Jan 30, 2026.
The refund will be credited to your account on Feb 02, 2026.
The allotted shares will be credited to your demat on Feb 02, 2026.
Kasturi Metal Composite Ltd.’s shares listed on the stock exchanges on Feb 03, 2026.