Kasturi Metal Composite came to market through an SME IPO that opened on 27 January 2026 and closed on 29 January 2026, and the shares listed on 3 February 2026 on BSE SME. The price band was ₹61 to ₹64 per share and one lot was 2000 shares, so the minimum application was ₹1,28,000. The issue size was ₹17.61 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Hem Securities Ltd was the lead manager.
As of 29 January 2026.
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Kasturi Metal Composite Limited is a company incorporated in 2005 that deals in the manufacture supply and export of steel fiber products.The company is engaged in the production of Steel Wool Fiber for brake pads and clutches, trading of Durocrete PP Fibers, and provision of concrete flooring solutions under the brand Durafloor Concrete Solution LLP.
The company is dealing in Duraflex and Durabond products intended for various sectors, including the construction, mining, and auto sectors, providing solutions to the construction of roads, bridges, and tunnels, among others.The organization has three units in MIDC Amravati, named Unit 1, specializing in the drawing of fine wires and Units 2-3, dealing with the manufacture of steel fibers and mild steel wires. Products Portfolio:
The use of high strength steel fibers for tunneling, mines, and rock stabilization provides improved ductility and strength: Duraflex Steel Fibers Industrial Flooring Fibers: Add strength to concrete in warehouses, factories, roads, and precast walls to resist cracks. The following are examples of man-made steel wool fibers:Durabond Steel Wool Fiber: High-thermal-stability fibers used for reinforcement and come in different grades Currently. As of October 31, 2025, the company has 98 permanent full-time employees.
As described in the offer document.
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Samit Surendra Singhai, Akash Surendra Singhai, Surendra Fatechand Singhai, Lata Surendra Singhai. Promoter holding 92.35% before the issue and 67.90% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kasturi Metal Composite IPO was a ₹17.61 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹61–₹64 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,56,000). The IPO was open from January 27 to January 29, 2026 and was subscribed 17.82x. Shares listed on BSE SME on February 3, 2026 at ₹64, in line with the issue price of ₹64. Bigshare Services Pvt. Ltd. is the registrar.
Hem Securities Ltd. is the book running lead manager.
The price band of Kasturi Metal Composite IPO is ₹61 to ₹64 per share.
The lot size of Kasturi Metal Composite IPO is 2000 shares.
The minimum investment for Kasturi Metal Composite IPO is approximately ₹2,56,000 based on the upper price band.
The allotment date of Kasturi Metal Composite IPO is Jan 30, 2026.
You can check Kasturi Metal Composite IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kasturi Metal Composite IPO allotment status on Rupix for quick and easy access.
₹61 to ₹64 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,28,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,28,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 27 January 2026 and closed on 29 January 2026.
The basis of allotment was published on 30 January 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 February 2026 on BSE SME.
The issue size was ₹17.61 crore. The fresh issue was 27,52,000 shares (aggregating up to ₹17.61 crore).