Kasturi Metal Composite Ipo Date, Subscription, Price, GMP and More Details

Kasturi Metal Composite IPO Date

Kasturi Metal Composite IPO opened for subscription on Tuesday, 27 January 2026, and will remain open till Thursday, 29 January 2026. For a small-cap SME issue, the timeline is tight but fairly standard, with allotment expected on 30 January 2026 and listing slated for Tuesday, 3 February 2026 on the BSE SME platform.

For anyone tracking SME IPOs regularly, this is one of those short, three-day windows where you either decide quickly or simply watch from the sidelines.

The key dates are already locked in, and they matter a lot if you are planning funds or UPI limits around multiple IPOs in the same week. Here’s the full schedule in a simple, real-world way:

• IPO open: 27 January 2026 (Tuesday)
• IPO close: 29 January 2026 (Thursday)
• Basis of allotment: 30 January 2026 (Friday)
• Refund initiation: 2 February 2026 (Monday)
• Credit of shares to demat: 2 February 2026 (Monday)
• Listing date (BSE SME): 3 February 2026 (Tuesday Tentative)

For active IPO investors, that Monday–Tuesday (2–3 Feb) window is going to be busy: refunds from non-allotted applications, shares hitting demat, and then listing volatility on the same theme. It’s the typical SME rhythm: fast, compressed, and slightly stressful if you are juggling multiple issues.

Kasturi Metal Composite IPO Subscription Status

On Day 1, Kasturi Metal Composite IPO saw a muted but not disastrous response, with an overall subscription of about 0.35 times by around market close. The Qualified Institutional Buyers (QIB) portion is already at 1x, the retail portion at roughly 0.14x, while the NII (HNI) book is yet to pick up meaningfully.

That’s actually a familiar pattern in SME IPOs, where serious HNI and retail flows often turn aggressive only on Day 2 and Day 3 once they see demand shaping up.

In terms of bids, the company has received around 6.46 lakh shares worth of applications against roughly 18.32 lakh shares on offer to the public so far, which is why the 0.35x headline number looks a bit underwhelming at first glance.

Interestingly, before opening to the public, Kasturi Metal Composite already raised about ₹5 crore from anchor investors at the upper end of the band, signalling at least some institutional confidence even if the retail crowd is still hesitating on Day 1. Sometimes that’s just a function of sentiment when there’s a long queue of SME issues in a week, investors become picky, wait for social buzz, or simply sit on cash for the next "hot" name.

Kasturi Metal Composite IPO Price, Lot Size & Investment

The Kasturi Metal Composite IPO price band has been fixed at ₹61–₹64 per share, positioning it in the familiar SME sweet spot where ticket size is high but still reachable for serious retail investors. The total issue size is up to ₹17.61 crore, entirely a fresh issue of about 27.52 lakh equity shares with no offer-for-sale component, which means the money actually goes into the business rather than promoters cashing out.

Here’s what the investment math looks like in real terms:

• Price band: ₹61–₹64 per share
• Face value: ₹10 per share

Market lot (for this SME): applications effectively structured around 4,000 shares at the upper band for retail, translating to a minimum investment of about ₹2.56 lakh.

For HNIs, the bar is higher, with minimum 3 lots (around 6,000 shares) and a ticket size of roughly ₹3.84 lakh and above at the top end.

If that feels steep, that’s the reality of many SME IPOs now: they’re almost designed as a filter so only relatively serious, higher-ticket investors come in, not casual small-ticket punters.

Kasturi Metal Composite IPO GMP

The grey market premium (GMP) for Kasturi Metal Composite on 27 January is currently hovering at around ₹0, meaning the stock is, for now, expected to list roughly at the IPO price, without any strong premium indicated. In simple language: there’s no "listing pop" being priced in by unofficial markets at this point. For some investors, that’s a red flag; for others, it’s actually a positive sign that frenzy is low and valuations may be more grounded.

GMP is an unregulated, purely sentiment-driven indicator, but many traders still peek at it like a weather forecast before stepping out. A flat GMP can change quickly if subscription numbers spike on Day 2 or a big-name investor shows up, yet it also keeps expectations realistic, people aren’t lining up only for a quick flip, which sometimes leads to more stable post-listing price action.

Kasturi Metal Composite IPO Key Details

Below is a compact, slightly informal snapshot of the main IPO terms that matter to most investors:

About Kasturi Metal 

Kasturi Metal Composite is a 2005-founded company focused on manufacturing, supplying, and exporting steel fibre products, with a particular niche in steel wool fibre used in brake pads, clutches, and other industrial applications.

It also trades in Durocrete PP fibres and provides concrete flooring services through its associate Durafloor Concrete Solution LLP, giving it a mix of manufacturing and project-service exposure in the construction ecosystem.

Under its Duraflex and Durabond brands, the company caters to sectors like construction, mining, and automotive, supplying materials used in tunnels, roads, bridges, and various infrastructure projects that demand durability and structural strength.

Operations currently run out of three manufacturing units at MIDC Amravati: one focused on fine wire drawing, and two others handling steel fibres and mild steel wire, which supports integrated, relatively efficient production.

The IPO proceeds are primarily earmarked for setting up a new manufacturing facility at Amravati, referred to as Proposed Unit IV, with around ₹13.29 crore allocated towards mechanical and electrical installations, interiors, and plant and machinery.

The balance funds will go towards general corporate purposes, which typically cover working capital, branding, and other growth-linked spends. At a broad level, this is a capacity-expansion story riding on ongoing infrastructure and construction demand in India  but, as always, investors need to weigh that upside against SME risks like lower liquidity, concentrated client profiles, and cyclical exposure to capex-heavy sectors.

Disclaimer

This article is for informational and educational purposes only and should not be treated as investment, tax, or legal advice. IPOs, especially SME IPOs, carry market, business, and liquidity risks, and investors should carefully read the RHP/DRHP, consult a registered financial advisor or stock market professional, and consider their own risk profile before applying. All IPO timelines, GMP indications, subscription data, and other figures are subject to change without notice based on market conditions and official updates from exchanges and regulators.