Kasturi Metal Composite IPO: GMP, Price, Analysis, And Details

Kasturi Metal Composite IPO- Company Analysis

Kasturi Metal Composite IPO under the SME IPO category is a bookbuild issue of Rs. 17.61 Cr by Kasturi Metal Composite Limited and is making, supplying, and exporting steel fiber materials for use in industrial settings.

The company trades Durocrete PP fibers, produces steel wool fiber for brake pads and clutches, and provides concrete flooring solutions through Durafloor Concrete Solution LLP. The organization guarantees structural integrity and quality while providing solutions for highways, bridges, tunnels, and other constructions. It sells Durabond and Duraflex products for industries like mining, automotive and construction.

In order to ensure effective operations and high-quality products, the firm runs three units in MIDC Amravati: Unit 1 for fine wire drawing and Units 2-3 for the manufacturing of steel fibers and mild steel wire.

Portfolio of Products

• Duraflex Steel Fibers 

• Fibers for Industrial Flooring

• Durabond Steel Wool Fiber.

Kasturi Metal Composite IPO Details

The Kasturi Metal Composite IPO date of opening is 27 Jan 2026, its initial public offering will end on 29 Jan, IPO allotment on Jan 30 and refund initiation on Feb 02, 2026.

The Rs. 17.61 crore new SME IPO comprises a wholly fresh issue of 0.28 crore shares.

The Kasturi Metal Composite IPO listing date (expected) might be on Tuesday, Feb 03, 2026, and listing at the BSE and SME. 

The Kasturi Metal Composite IPO price band is Rs. 61 to Rs. 64.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jan 27, 2026
IPO Closing Date	Jan 29, 2026
IPO Allotment Date	Jan 30, 2026
Refund Initiation	Feb 02, 2026
IPO Listing Date	Feb 03, 2026

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	35.57	33.45	21.71
Total Income	57.22	50.20	37.37
PAT	2.07	2.35	1.49
EBITDA	5.69	5.40	3.97
Net Worth	17.76	12.29	7.03
Reserves & Surplus	10.12	11.28	6.24
Total Borrowing	13.15	11.83	9.78

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	253.67	211.80	79.34
Net Cash Flow Investing Activities	212.53	(150.34)	43.17
Net Cash Flow Financing Activities	(208.92)	(97.13)	(178.77)

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• 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 (“Proposed Unit IV”). ~ Rs. 13.29 Cr.

• General Corporate Purpose.
  
  

Listed Peers of Kasturi Metal Composite Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

 

Valuation

KPI	Value
ROE	13.80%
ROCE	13.76%
Debt / Equity	0.74
RoNW	11.54%
PAT Margin	3.64%
EBITDA Margin	9.99%
Price to Book Value	0.42

 

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 2.86 from the last year, the resulting P/E ratio is 22.37x.

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IPO's Strengths

• Robust Manufacturing Capabilities

• Robust portfolio and wide selection of steel fiber products

• Strict quality control procedures guaranteeing consistent product quality

• Developed connections with clients in a variety of geographic areas

• Skilled Promoter and Robust Management Group Samit Surend, an independent promoter, is in charge of the business.
  
  

IPO’s Weaknesses

• Restricted geographic reach.

• The company is a party to certain legal proceedings.

• Risks related to our recent acquisition and reliance on our subsidiary for revenue.

Kasturi Metal Composite IPO GMP (Grey Market Premium)

Kasturi Metal Composite IPO GMP today is Rs. 0 as of 20 Jan 2026 while writing this information. With a price band set at Rs. 64, the estimated listing price of the IPO could be around Rs. 64, indicating a gain/loss of 0%.

 

Kasturi Metal Composite IPO Summary

IPO Opening & Closing Date	27 Jan, 2026 to 29 Jan, 2026
Face Value	Rs. 10 per Share
Issue Price	Rs. 61 to Rs. 64 per Share.
Lot Size	2000 Shares
Issue Size	27,52,000 Shares (Rs. 18 Cr)
Offer for Sale	-
Fresh Issue	27,52,000 Shares (Rs. 18 Cr)
Listing at	BSE, SME
Issue Type	Bookbuild issue IPO
Registrar	Bigshare Services Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (4000 Shares) for Rs. 2,56,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,84,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

Kasturi Metal Composite IPO Allotment Status

To check the Kasturi Metal Composite IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Kasturi Metal Composite Ltd.

• Samit Surendra Singhai

• Akash Surendra Singhai

• Surendra Fatechand Singhai 

• Lata Surendra Singhai.

Pre-Issue Promoter Shareholding	92.35%
Post-Issue Promoter Shareholding	67.90%

 

IPO Lead Managers

• Hem Securities Ltd. 
  
  

Dividend Policy

The company has not paid a dividend during the last three financial years.

 

Conclusion

Supported by consistent revenue growth and increasing operating cash flows, the Kasturi Metal Composite IPO is a specialized SME IPO that focuses on steel fiber and industrial construction solutions. It has expansion plans for a new manufacturing facility and skilled promoters. However, investors should apply with measured expectations and proper risk assessment because of restricted margins, geographic concentration, and zero GMP.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.