Kasturi Metal Composite IPO

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Kasturi Metal Composite IPO details

29th – 29th Jan 2026
03 Feb 2026
₹61 – ₹64
Lot size 2000 — ₹128000
18cr

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 02 Mar 2026
Refund initiation 02 Feb 2026
Share credit 02 Feb 2026
Listing date 03 Feb 2026
Mandate end date 13 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. Led by experienced promoters with over two decades of industry expertise, the company focuses on delivering durable, value-driven solutions that enhance the strength and performance of concrete and composite materials.


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 24.77

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 specialized units in Amravati
  • Diverse steel fiber 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 affecting margins
  • Revenue 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