Kasturi Metal Composite IPO

About Kasturi Metal Composite IPO

The Kasturi Metal Composite IPO opens on Tuesday, Jan 27, 2026 and closes on Thursday, Jan 29, 2026. The allotment of shares will take place on Friday, Jan 30, 2026. The credit of shares to the demat account will take place on Monday, Feb 2, 2026. The initiation of refunds will take place on Monday, Feb 2, 2026. The listing of shares will take place on Tuesday, Feb 3, 2026.

The IPO of Kasturi Metal Composite consists of a fresh issue component. The fresh issue will include 0.28 crore shares of ₹17.61 crores. The total number of shares and aggregate amount are 27,52,000 shares (aggregating up to ₹18 crores).

Kasturi Metal Composite IPO’s price band is set at ₹61 to ₹64 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,56,000 (4,000 shares) (based on upper price).

The company is engaged in the manufacturing supply and export of steel fiber products for industrial applications. Their product portfolio includes Loose Hook-End Steel Fiber, Glued Hook-End Steel Fiber and Flat Crimped Steel Fiber, available in various sizes and configurations for fiber-reinforced concrete applications. They also manufacture Steel Wool Fiber, trade Macro Synthetic PP Fibers under their "Durocrete" brand and operate a subsidiary, Durafloor Concrete Solution LLP, which specializes in providing tailored concrete flooring solutions.

Objectives of Kasturi Metal Composite IPO

• 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”).
• General corporate purpose.

Industry Outlook

In the Union Budget 2025-26, capital investment outlay for infrastructure increased to Rs. 11.21 lakh crore (US$ 12864 crore), which would be 3.1% of GDP. As of July 2025, India’s steel demand was led by the infrastructure and construction sectors, with government projects contributing 25-30% of usage, supported by a 12% safeguard duty on imports to protect domestic manufacturers. India was expected to maintain road construction momentum, adding up to 13,000 kilometres in the 12 months through 2025, an annual increase of 5-8%. The domestic auto-component market is set to grow at 6% CAGR to US$ 1600 crore by 2030, driven by an expanding vehicle parc and increasing vehicle age. The PV and CV segments could reach US$ 500 crore each, the 2W and 3W segment is expected to reach US$ 400 crore, the tractor segment could reach US$ 200 crore by 2030. India’s logistics market valued at Rs. 19,53,732 crore (US$ 22840 crore) in 2024, is projected to reach Rs. 36,73,530 crore (US$ 42870 crore) by 2033 at a CAGR of 6.5% from 2025 to 2033, with over 22 million people employed and millions of new jobs expected through policy support including infrastructure status, the Unified Logistics Interface Platform (ULIP), the National Logistics Policy, PM GatiShakti and logistics parks.

Kasturi Metal Composite Company Information

Incorporated in 2005, Kasturi Metal Composite Company is engaged in the manufacturing, supply and export of steel fiber products for industrial applications. Their product portfolio includes Loose Hook-End Steel Fiber, Glued Hook-End Steel Fiber and Flat Crimped Steel Fiber, available in various sizes and configurations for fiber-reinforced concrete applications. They also manufacture Steel Wool Fiber, which is widely utilized in the production of friction linings for brake pads and clutches. They trade Macro Synthetic PP Fibers under their "Durocrete" brand and operate a subsidiary, Durafloor Concrete Solution LLP, which specializes in providing tailored concrete flooring solutions. They offer comprehensive solutions that enhance the structural integrity and performance of concrete and other composite materials. They serve a diverse range of industries, including construction, engineering, warehousing, logistics, mining, infrastructure, and automotive. These products are utilized in various applications such as tunnel shotcrete, precast concrete, industrial and warehouse flooring, roads, pavements, tunnel mining, and automotive friction linings. Additionally, they are used in hydroelectric plants, road and rail tunnels, underground caverns, bridges, and highways, ensuring structural integrity.

Strengths of Kasturi Metal Composite

• Strong manufacturing capabilities.
• Strong portfolio and diverse range of Steel Fibre products.
• Stringent quality control mechanism ensures standardized product quality.
• Established relationships with customers across various geographical locations.
• Experienced promoter and strong management team.

Risks of Kasturi Metal Composite

• Dependency on a few key suppliers within a limited geographical location for procurement of raw materials.
• Operates in a labour-intensive industry and are subject to stringent labour laws.
• A substantial portion of their revenues has been dependent upon few customers.
• Do not have long-term agreements with suppliers for input materials.
• Risks associated with recent acquisition and revenue dependence on their subsidiary.
• Generate a major portion of turnover from their operations in certain geographical regions.

Comparison with Peers

There are no listed companies in India that are engaged in the business line similar to that of the company, thus it is not possible to provide an industry comparison in relation to the company.

Anchor Investor Bidding Date:

Friday, January 23, 2026

*The company, in consultation with the BRLM, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date.

• Registrar: Bigshare Services Private Limited
• Book Running Lead Managers: HEM Securities Limited

Kasturi Metal Composite Business Model

The company earns its revenue through the manufacturing supply and export of steel fiber products for industrial applications. They also manufacture Steel Wool Fiber and trade Macro Synthetic PP Fibers under the "Durocrete" brand and operate a subsidiary, Durafloor Concrete Solution LLP, which specializes in providing tailored concrete flooring solutions.

Kasturi Metal Composite Growth Trajectory

(Restated Consolidated)

Kasturi Metal Composite’s total income for FY25 was ₹57.215 crores, whereas in FY24 it was ₹50.203 crores.

The Profit After Tax for FY25 was ₹2.074 crores, whereas in FY24 it was ₹2.351 crores.

Their EBITDA for FY25 was ₹5.689 crores, whereas in FY24 it was ₹5.395 crores.

Kasturi Metal Composite Market Position

The company generates revenue through both domestic sales and exports, catering to clients in six countries. They have diversified revenue from multiple geographical locations across India i.e. Tamil Nadu, Odisha, Maharashtra, Rajasthan, Gujarat, Telangana, West Bengal, Madhya Pradesh, Goa etc. and a small portion of revenue from outside India i.e. Nepal, New Zealand, Bhutan and Dubai.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹57.215 crores, ₹2.074 crores, and ₹5.689 crores, respectively.

How to apply for Kasturi Metal Composite IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.