Kasturi Metal Composite SME IPO’s allotment is likely to be finalised today, January 30. The IPO took its last bid on January 29. The company raised Rs 17.61 crores via a completely fresh issue of 0.28 crore shares.
The IPO price band was set between Rs 61 and Rs 64 per equity share. The IPO opened for subscription on January 27. The SME IPO will list on the BSE SME platform on February 03, 2026, as per the tentative schedule.
Kasturi Metal Composite SME IPO: Subscription numbers
The SME issue was booked a total of 17.75 times. The individual investors subscribed to the issue 38.88 times, and the QIBs subscribed to the issue 4 times.
Kasturi Metal Composite SME IPO: Objectives of the issue
The company will be using Rs 13.29 crore for 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. The remaining funds will be utilised for general corporate purposes.
Kasturi Metal Composite SME IPO: Financials
The company posted a net profit of Rs 2.07 crore in FY25. Prior to that, the profit after tax stood in FY24 at Rs 2.35. In FY23, the company had a net profit of Rs 1.49 crore. Kasturi Metals had a total income of Rs 57.22 crore in FY25, up 14% year-over-year from Rs 50.20 crore in FY24. The company reported a total income of Rs 37.37 crore in FY23.
The company has a debt-to-equity ratio of 0.74. The company’s return on equity (ROE) and return on capital employed (ROCE) stood at 13.80% and 13.76%, respectively.
Kasturi Metal Composite SME IPO: Lot size
A single lot size of 2,000 shares, and a retail application needs to apply for a minimum of two lots (4,000 shares), which amounts to Rs 2.56 lakh. The minimum lot size for investment in the High Networth Individual segment is 3 lots of 6,000 shares, totalling Rs 3.84 lakh.
Kasturi Metal Composite SME IPO: Book runner and registrar
Hem Securities is the book-running lead manager for the IPO, and Bigshare Services is the registrar of the issue. The Market Maker of the company is Hem Finlease.
About Kasturi Metal Composite
Kasturi Metal Composite is engaged in the manufacturing, supply and export of steel fibre products for industrial applications. The company, which was incorporated in 2005, manufactures Steel Wool Fibre for brake pads and clutches, trades Durocrete PP Fibres, and offers concrete flooring solutions through Durafloor Concrete Solution LLP.
The company markets Duraflex and Durabond products for industries like construction, mining, and automotive, offering solutions for tunnels, roads, bridges, and more, ensuring structural integrity and quality.
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