Kasturi Metal Composite Limited is entering the public markets through SME IPO with an issue size of ₹17.61 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 27, 2026 and will remain open until January 29, 2026. The company plans to list its shares on February 3, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Kasturi Metal Composite Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Kasturi Metal Composite Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Kasturi Metal Composite Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹64 Per Share |
| Lot Size | 2,000 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 138,000 | 5.01% |
| Qualified Institutional Buyers (QIB) | 1,304,000 | 47.38% |
| — Anchor Investor | 782,000 | 28.42% |
| — QIB (Ex Anchor) | 522,000 | 18.97% |
| NII (HNI) | 394,000 | 14.32% |
| — bNII > ₹10L | 262,000 | 9.52% |
| — sNII < ₹10L | 132,000 | 4.80% |
| Retail | 916,000 | 33.28% |
| Total Shares Offered | 2,752,000 | 100.00% |
Kasturi Metal Composite Limited IPO Important Dates
The following table highlights the key dates for the Kasturi Metal Composite Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 27 Jan 2026 |
|---|---|
| IPO Closing Date | 29 Jan 2026 |
| Allotment Finalization | 30 Jan 2026 |
| Initiation of Refunds | 02 Feb 2026 |
| Credit of Shares | 02 Feb 2026 |
| IPO Listing Date | 03 Feb 2026 |
Kasturi Metal Composite Limited IPO Size & Structure
| Total IPO Size | ₹17.61 Crore |
|---|---|
| Fresh Issue | ₹17.61 Crore |
Kasturi Metal Composite IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Kasturi Metal Composite IPO, which is a fixed price IPO priced at ₹64 per share.
Investors can apply for the IPO with a minimum of 2000 shares. Applications must be made in multiples of 2000 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹64 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹64 | ₹256,000 |
| Retail (Max) | 2 | 4,000 | ₹64 | ₹256,000 |
| S-HNI (Min) | 3 | 6,000 | ₹64 | ₹384,000 |
| S-HNI (Max) | 7 | 14,000 | ₹64 | ₹896,000 |
| B-HNI | 8 | 16,000 | ₹64 | ₹1,024,000 |
Kasturi Metal Composite Limited IPO GMP (Grey Market Premium)
The latest Kasturi Metal Composite Limited IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Kasturi Metal Composite Limited IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹64. Based on the current GMP, the expected listing price is around ₹64. The Lowest GMP was ₹0 on 03 Feb 2026, while the highest GMP reached ₹2 on 02 Feb 2026.
Kasturi Metal Composite Limited IPO was listed on the stock exchange on 03 Feb 2026. The IPO was subscribed 16.12 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹0 (0%).Listing Details:
- Issue Price: ₹64 per share.
- Listing Price: ₹64.00 (listed at same price)
- Listing Date: 03 Feb 2026
Kasturi Metal Composite Limited IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 03 Feb 2026 | ₹64 | ▼ ₹0 | ▼ 0% | ₹64 | ₹0 |
| 02 Feb 2026 | ₹64 | ₹2 | 3.13% | ₹66 | ₹8,000 |
| 01 Feb 2026 | ₹64 | ₹2 | 3.13% | ₹66 | ₹8,000 |
| 31 Jan 2026 | ₹64 | ▲ ₹2 | ▲ 3.13% | ₹66 | ₹8,000 |
| 30 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 29 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 28 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 27 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 26 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 24 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 23 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 22 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 21 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
| 20 Jan 2026 | ₹64 | ₹0 | 0% | ₹64 | ₹0 |
Kasturi Metal Composite Limited IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Kasturi Metal Composite Limited fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Kasturi Metal Composite Limited IPO.
Kasturi Metal Composite Limited IPO Subscription Status
Kasturi Metal Composite Limited IPO was subscribed 16.12 times overall on the final day of bidding (as of 29 Jan 2026).The subscription opened on 27 Jan 2026. The Retail portion was subscribed 15.57 times, while QIB and NII categories were subscribed 4 times and 28.95 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 27 Jan 2026 | 3x | 0.27x | 0.24x | — | 0.98x |
| 28 Jan 2026 | 4x | 0.62x | 1.1x | — | 1.74x |
| 29 Jan 2026 | 4x | 28.95x | 15.57x | — | 16.12x |
On the first day, the Kasturi Metal Composite Limited IPO received good initial interest, with early participation from QIB and NII investors.
Demand for the Kasturi Metal Composite Limited IPO strengthened further on Day-2, driven mainly by higher bids from QIB, followed by Retail investors.
By the end of the bidding period, the IPO was subscribed 16.12x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail investors. Overall subscription for the Kasturi Metal Composite Limited IPO increased from 0.98x on Day-1 to 16.12x by the final day.
Kasturi Metal Composite Limited IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 4x |
| Non-Institutional Investors (NII) | 29.01x |
| Retail Investors | 16.15x |
| Total | 16.4x |
Kasturi Metal Composite Limited IPO Allotment Status
The Kasturi Metal Composite Limited IPO allotment status was released on 30 Jan 2026. Investors who applied for the IPO can now check their Kasturi Metal Composite Limited allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 30 Jan 2026
- 📈 Listing Date: 03 Feb 2026
How to Check Kasturi Metal Composite Limited IPO Allotment Status Online?
Investors can check the Kasturi Metal Composite Limited IPO allotment status online through BigShare Services Private Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
BigShare Services
to know more about the IPO registrar.
Check on BigShare Services Private Limited (IPO Registrar)
- Visit → BigShare Services Private Limited
- Select Kasturi Metal Composite Limited
- Select Application No / CAF No / Beneficiary ID / PAN Number
- Enter the relevant details and CAPTCHA to proceed further
- Click Search to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Kasturi Metal Composite Limited IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Kasturi Metal Composite Limited IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Kasturi Metal Composite Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Kasturi Metal Composite Limited made a flat debut at ₹64. The stock closed at ₹63.16, declining by -₹1 (-1.31%). Investors faced a loss of -₹1,680 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Kasturi Metal Composite Limited was offered in the price band of ₹64 to ₹64 per share.
- The final issue price was fixed at ₹64.
- One lot consisted of 2000 shares.
- Minimum investment: ₹64 × 2000 = ₹128,000
- Investment after Day-1: ₹63.16 × 2000 = ₹126,320
- By the end of the listing session, investors faced a loss of -₹1,680 per lot.
📌 IPO Subscription Analysis
With an overall subscription of 16.12×, supported by QIB participation of 4×, the IPO delivered steady listing gains. The stock debuted at 0.00% and closed at -1.31%.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 3x | 0.27x | 0.24x | 0.98x |
| Day 2 | 4x | 0.62x | 1.1x | 1.74x |
| Day 3 | 4x | 28.95x | 15.57x | 16.12x |
📌 Final Assessment
Overall Outcome: Average IPO
- Subscription Phase: High investor participation
- Listing Phase: Neutral listing performance
- Investor Experience: Limited downside impact
About Kasturi Metal Composite Limited
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing supply and export of steel fiber products for industrial applications.
IPO Financial Summary
- Total Assets changed by 6.34% in FY 2024-2025.
- Total Revenue changed by 13.98% in FY 2024-2025.
- Profit After Tax changed by -11.91% in FY 2024-2025.
- Reserves & Surplus changed by -10.28% in FY 2024-2025.
- Total Borrowings changed by 11.16% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 44.43 | 35.57 | 33.45 | 21.71 |
| Total Revenue (₹ Cr) | 32.29 | 57.22 | 50.20 | 37.37 |
| Profit After Tax (₹ Cr) | 2.47 | 2.07 | 2.35 | 1.49 |
| Reserves & Surplus (₹ Cr) | 12.55 | 10.12 | 11.28 | 6.24 |
| Total Borrowings (₹ Cr) | 14.28 | 13.15 | 11.83 | 9.78 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹15.18 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | 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”) | 13.29 | 87.55% |
| 2 | General Corporate Purpose | 1.89 | 12.45% |
| Total | 15.18 | 100% | |
Kasturi Metal Composite IPO Promoter Holding
| Promoter(s) | Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai and Lata Surendra Singhai |
|---|---|
| Pre-Issue Holding | 92.35% |
| Post-Issue Holding | 67.90% |
Kasturi Metal Composite Limited IPO FAQs
The Kasturi Metal Composite Limited IPO is a SME Bookbuilding IPO with a total issue size of ₹17.61 crore. The issue consists of a fresh issue of ₹17.61 crore.
The IPO will open for subscription on Tue, 27 Jan 2026 and will close on Thu, 29 Jan 2026.
The shares are being offered at a fixed issue price of ₹64 per equity share.
Investors can apply for the IPO with a minimum lot size of 2,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹256,000.
The shares of Kasturi Metal Composite Limited are expected to be listed on BSE & SME on Tue, 03 Feb 2026.
The Grey Market Premium (GMP) of Kasturi Metal Composite Limited IPO is ₹0.
The Kasturi Metal Composite Limited IPO was subscribed 16.4 times on the final day of subscription.
The retail portion is subscribed 15.57 times as of 29 Jan 2026.
The QIB portion is subscribed 4 times and the NII portion is subscribed 28.95 times .
The IPO registrar of Kasturi Metal Composite Limited is BigShare Services Private Limited. BigShare is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Fri, 30 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Fri, 30 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Mon, 02 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Mon, 02 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Kasturi Metal Composite Limited IPO is listed on BSE.
The current share price of Kasturi Metal Composite Limited is ₹71.18. The stock opened at ₹62.00, hit a high of ₹72.82 and a low of ₹57.00.
Kasturi Metal Composite Limited share price has increased by ₹10.49 (17.28%) compared to the previous close. The stock has gained 11.22% from its listing price of ₹64.00 on BSE.
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