
Materials & Manufacturing · BSE
Incorporated in 2005, Kasturi Metal Composite Limited is engaged in the manufacturing, supply, and export of steel fiber products for industrial applications, primarily serving construction, mining, automotive, and infrastructure sectors. The company manufactures steel wool fiber used in brake pads and clutches, trades Durocrete PP fibers, and provides concrete flooring solutions through its associate entity, Durafloor Concrete Solution LLP. It markets its products under the Duraflex and Durabond brands, offering solutions for tunnels, roads, bridges, mining, industrial flooring, and structural reinforcement to enhance durability, ductility, and load-bearing capacity. Kasturi Metal Composite operates three manufacturing units at MIDC Amravati, with one unit dedicated to fine wire drawing and two units focused on steel fiber and mild steel wire production, ensuring efficient operations and consistent product quality, and as of October 31, 2025, the company employed 98 permanent full-time employees.
Price Band
₹61 – ₹64
Issue Size
₹17.61 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹64
at current GMP
Subscribed
17.82x
overall
Open
27 Jan 2026
Close
29 Jan 2026
Allotment
30 Jan 2026
Refund
31 Jan 2026
Demat Credit
1 Feb 2026
Listing
3 Feb 2026
Designated Registrar: Bigshare Services Private Limited
Allotment Date
30 Jan 2026
Basis finalization
Refunds Initiate
31 Jan 2026
Mandate release
Demat Credit
1 Feb 2026
Shares in demat
Listing Debut
3 Feb 2026
Trading begins
Kasturi Metal Composite Limited is bringing an initial public offering (IPO) in the Materials & Manufacturing sector with an aggregate issue size of ₹17.61 Crores. The shares are offered at a price band of ₹61 to ₹64 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-01-29, the basis of allotment is scheduled to be finalized on 2026-01-30. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.