Kasturi Metal Composite
CLOSEDIPO Date: 27 Jan - 29 Jan 2026
Listing Date: 3 Feb 2026
Price Range
Rs.61 - Rs.64
Issue Size
18 Cr
Min Investment
₹1,22,000
Lot Size
2000 Shares
Schedule of Kasturi Metal Composite
Issue open date
27 Jan 2026
Issue close date
29 Jan 2026
UPI mandate deadline
29 Jan 2026 (5 PM)
Allotment finalization
30 Jan 2026
Share credit
2 Feb 2026
Listing date
3 Feb 2026
Mandate end date
14 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 18 Cr |
| Fresh Issue | 17.61 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 30 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 2 Feb 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 1 Feb 2026 | ₹64 | ₹2 | ₹66 (3.12%) |
| 31 Jan 2026 | ₹64 | ₹2 | ₹66 (3.12%) |
| 28 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 26 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 25 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 24 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 23 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 22 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 21 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
| 20 Jan 2026 | ₹64 | ₹0 | ₹64 (0%) |
Performance Kasturi Metal Composite
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.61 - Rs.64 | ₹ 104 (-0.5%) | ₹ 62 | -3.13% |
About Kasturi Metal Composite
Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fibre products used in industrial applications. Its product range includes loose hook-end steel fibre, glued hook-end steel fibre, flat crimped steel fibre, and steel wool fibre, mainly used for fibre-reinforced concrete and friction linings in brake pads and clutches. The company also trades in macro synthetic polypropylene (PP) fibres under the "Durocrete" brand and operates a subsidiary, Durafloor Concrete Solution LLP, which provides customised concrete flooring solutions. The company’s products serve sectors such as construction, infrastructure, mining, automotive, and warehousing, and are used in applications including shotcrete, precast concrete, flooring, roads, tunnels, and hydroelectric plants. Kasturi Metal Composite operates three manufacturing units in the Maharashtra Industrial Development Corporation (MIDC), Amravati, Maharashtra. It has in-house quality labs and also outsources testing to accredited facilities.
| Founded in | 2005 |
| Managing director | Mr Samit Surendra Singhai |
| Parent organization |
Financial Overview
Strengths
- Strong manufacturing setup with three specialised units in Amravati
- Diverse steel fibre and steel wool product portfolio
- Strict in-house quality control and testing systems
- Long-standing customer relationships across regions
- Experienced promoters with 20+ years in the steel industry
Risks
- High dependence on steel wire rod prices is affecting margins
- Revenue is sensitive to construction and infrastructure demand cycles
- Customer concentration risk from a limited client base
- Working capital-intensive operations
- Subject to regulatory, environmental, and compliance risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 4 |
| Non-Institutional Investors (NIIs) | 28.95 |
| Retail Individual Investors (RIIs) | 15.69 |
| Employee | N/A |
| Total | 16.17 |