Kasturi Metal Composite IPO
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Kasturi Metal Composite IPO details
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 |
| Refund initiation | 02 Feb 2026 |
| Share credit | 02 Feb 2026 |
| Listing date | 03 Feb 2026 |
| Mandate end date | 14 Feb 2026 |
| Lock-in end date for anchor investors (50%) | 03 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 02 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Kasturi Metal Composite
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fiber products for industrial applications. Its product portfolio includes loose and glued hook-end steel fibers, flat crimped steel fibers for fiber-reinforced concrete, and steel wool fibers used in automotive brake pads and clutches. The company also trades macro synthetic PP fibers under the “Durocrete” brand and operates a subsidiary, Durafloor Concrete Solution LLP, which provides customized concrete flooring solutions. Its products are marketed under the “Duraflex” and “Durabond” brands and cater to sectors such as construction, infrastructure, mining, warehousing, logistics, and automotive.
The company operates three manufacturing units in Amravati, Maharashtra, equipped with in-house quality control facilities and supported by NABL-accredited external testing. It holds ISO 9001:2015 certification along with ZED Silver and Bronze certifications, reflecting strong quality and process standards. Revenues are generated through domestic sales and exports to multiple countries, supported by a healthy order book.
Financials of Kasturi Metal Composite
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 17.61 |
| Fresh Issue – Proceeds go to the company | 17.61 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for new manufacturing facility (Unit IV, Amravati) | 13.29 (75.47%) |
| General corporate purposes | 4.32 (24.53%) |
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
Allotment Status for Kasturi Metal Composite
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Kasturi Metal Composite
According to media reports (Link), Kasturi Metal Composite is seeing no premium in the grey market. Since GMP is an unreliable indicator, IPO subscription data from the exchanges offers a more accurate view of market demand.
Subscription numbers as of 05:00 PM on January 29, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.22 | 20.86 | 4x |
| NII | 5.32 | 154.52 | 29.05x |
| Retail | 9.16 | 150.88 | 16.47x |
| Total | 19.70 | 326.52 | 16.57x |