SME
IPO ·
BSE SME
Kasturi Metal Composite Ltd
Listed
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing supply and export of steel fiber products for industrial applications.
Issue details
Price band
₹61 – ₹64
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,56,000
Issue size
₹17.61 Cr
Fresh issue
₹16.73 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
27 Jan 2026
Closes
29 Jan 2026
UPI mandate cut-off
5:00 PM on 29 Jan 2026
Allotment
30 Jan 2026
Refunds
2 Feb 2026
Shares in demat
2 Feb 2026
Listing
3 Feb 2026
Subscription and listing
Subscription
12.92x
Listing price
₹64
Registrar
Bigshare Services Pvt Ltd
Lead manager
Hem Securities
Subscription by category
Total
12.92x
Total applications
5,023
Anchor investors
Amount raised
₹5.00 Cr
Bid date
23 Jan 2026
50% lock-in ends
28 Feb 2026
Rest lock-in ends
29 Apr 2026
Listing day
Issue price
₹64
Open
₹64.00
High
₹64.50
Low
₹60.80
Day close
₹63.16
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
13,04,000
47.38%
Anchor Investor Shares Offered
7,82,000
28.42%
QIB (Ex. Anchor) Shares Offered
5,22,000
18.97%
NII Shares Offered
3,94,000
14.32%
bNII > ₹10L
2,62,000
9.52%
sNII < ₹10L
1,32,000
4.80%
Retail Shares Offered
9,16,000
33.28%
Market Maker Shares Offered
1,38,000
5.01%
Total Shares Offered
27,52,000
100.00%
Finaccle’s quick read
Avoid
FY25 income up 14%, PAT down 12%, ROE 13.01%, D/E 0.71, post-issue P/E 13.47x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing supply and export of steel fiber products for industrial applications. The company manufactures Steel Wool Fiber for brake pads and clutches, trades Durocrete PP Fibers, and offers concrete flooring solutions through Durafloor Concrete Solution LLP. The company markets Duraflex and Durabond products for industries like construction, mining, and automotive, offering solutions for tunnels, roads, bridges, and more, ensuring structural integrity and quality.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
13.01%
ROCE
12.35%
Debt / equity
0.71
PAT margin
7.71%
P/E post issue
13.47
Market cap
₹66.53 Cr
Use of IPO money
Funding the capital expenditure towards, mechanical and electrical works, interior work and procurement of plant and machinery for setting up a new manufacturin
₹13.29 Cr
General Corporate Purposes
₹1.89 Cr
Issue Expenses
₹2.43 Cr
Strengths
✓
Moderate leverage: debt to equity 0.71
Risks to watch
!
PAT fell 12% in FY25
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 7.71%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.