Kasturi Metal Composite Ltd.

KASTURISME

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Overview

Kasturi Metal Composite Limited, established in 2005, specializes in manufacturing steel fiber products including Loose Hook-End, Glued Hook-End, and Flat Crimped Steel Fibers, along with Steel Wool Fiber. Operating under brands like Duraflex and Durabond, it serves diverse sectors such as construction, engineering, automotive, and infrastructure. The company also provides specialized flooring solutions through its subsidiary, Durafloor Concrete Solution LLP, supplying critical materials for projects including tunnels, industrial flooring, and automotive friction linings.

Opening Date

Jan 27, 2026

Closing Date

Jan 29, 2026

Listing Date

Feb 03, 2026

IPO Type

SME

IPO Status

Closed

Issue Size

18 Cr

Fresh Issue

17.61 Cr

Offer for Sale

0 Cr

Price Band

₹61 - ₹64

Lot Size

2000

IPO Timeline

Jan 27, 2026

Open Date

Jan 29, 2026

Close Date

Jan 30, 2026

Allotment Date

Feb 02, 2026

Initiation of Refunds

Feb 03, 2026

Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

The main objectives of the issue are to utilize the net proceeds for the following purposes:

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Funding the capital expenditure of ₹13.29 crores towards construction, mechanical and electrical works, interior work, and procurement of plant and machinery for setting up a new manufacturing facility (Proposed Factory IV) at Amravati, Maharashtra.
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To meet general corporate purposes, including supporting business growth and operational needs.

Key Performance Indicator

P/E Ratio

23.59

EPS

2.71

ROE

13.01%

ROCE

12.35%

RONW

12.03%

Debt to Equity Ratio

—

PAT Margin

7.71%

EBITDA Margin

9.99%

P/B

2.42

SWOT Analysis

Strengths

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Strong manufacturing capabilities with three specialized units in Amravati, ensuring operational efficiency.
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Diverse product portfolio including various types of steel fibers and steel wool fibers under established brands.
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Stringent quality control mechanisms, supported by ISO 9001:2015 and ZED certifications.
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Experienced promoters and a strong management team with extensive knowledge of the steel industry.

Weaknesses

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High dependency on a few key suppliers, primarily concentrated in the state of Maharashtra.
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Significant portion of revenue is concentrated among a limited number of major customers.
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History of negative cash flows from investing and financing activities, indicating reliance on external funding.
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Geographical concentration of all manufacturing facilities in Amravati, increasing vulnerability to local disruptions.

Opportunities

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Expansion of manufacturing capacity through the setup of a new integrated manufacturing unit (Unit IV).
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Diversification into new product lines, including Macro Synthetic PP Fiber, to cater to evolving market demands.
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Potential for growth by expanding into new domestic regions and international export markets.
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Increasing demand from growing end-user industries such as infrastructure, construction, and automotive in India.

Threats

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Intense competition from both organized and unorganized players in the steel products industry.
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Volatility in the price and availability of key raw materials like steel, which can impact production costs and margins.
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Risk of technological obsolescence of current manufacturing equipment, requiring substantial capital investments.
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Stringent labor laws and the potential for labor-related disruptions in a labor-intensive industry.

Subscription Rate

Category	Shares Bid For	Shares Offered	Times Subscribed
Qualified Institutional Buyers	20.86 L	5.22 L	4.00x
Non-Institutional Investors	1.92 L	3.94 L	0.49x
Retail Individual Investors	10.12 L	9.16 L	1.10x
Total	32.90 L	18.32 L	1.80x

Frequently Asked Questions about Kasturi Metal Composite Ltd.

The Kasturi Metal Composite Ltd. IPO is scheduled to open for subscription on Jan 27, 2026 and close on Jan 29, 2026. Investors can apply for shares during this period through eligible platforms.

The price band for the Kasturi Metal Composite Ltd. IPO is ₹61 to ₹64. Investors can place bids within this range once the issue opens.

The minimum lot size for the Kasturi Metal Composite Ltd. IPO is 2000 shares. The minimum investment amount ₹1,28,000.

The total issue size of the Kasturi Metal Composite Ltd. IPO is approximately ₹18.00. Issue size represents the total value of shares offered to the public.

As per the latest available information, the Kasturi Metal Composite Ltd. IPO has been subscribed 1.8 times. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the Kasturi Metal Composite Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of Kasturi Metal Composite Ltd. are expected to list on stock exchanges on Feb 03, 2026, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the Kasturi Metal Composite Ltd. IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, Funding the capital expenditure of ₹13.29 crores towards construction, mechanical and electrical works, interior work, and procurement of plant and machinery for setting up a new manufacturing facility (Proposed Factory IV) at Amravati, Maharashtra., To meet general corporate purposes, including supporting business growth and operational needs.

Before applying for the Kasturi Metal Composite Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.